Appraisal Buzz

APRIL 2, 2024

Compare this to 2000-2022, when upgrading to a 25% more expensive home would have required the average homeowner to increase their principal and interest payment by only 40%, or about $400 per month, according to the report.

Housing Market 393

Housing Market Marketing Inventory Mortgage 393

Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

Housing Market 374

Housing Market Marketing Sellers Inventory 374

Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Inventory grew during the housing bubble years because housing credit was much looser back then, and people could move more freely. Mortgage rates fell even though the jobs report was stronger than anticipated.

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Housing Market Mortgage Marketing Inventory 369

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The report is based on an analysis of home purchase records from 39 of the most populous metro areas since 2000. As the U.S. Investors purchased $38.8

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Investors Real Estate HOA Housing Market 421

Appraisal Buzz

DECEMBER 6, 2024

A recent analysis of Federal Housing Finance Agency (FHFA) data by the Urban Institute dispels the myth that manufactured homes do not appreciate as much as site-built homes. Between 2000 and 2024, home prices in Florida surged by 331.9%, while Texas and North Carolina recorded increases of 232.8% and 209.6%, respectively.

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Appraisal Buzz

OCTOBER 11, 2024

“FHFA’s new data resource on manufactured homes provides relevant, up-to-date information on an important but less-understood segment of the housing market,” says Sandra L. In a housing market with elevated home prices, manufactured housing remains an affordable option.

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Housing Market Finance Development Appraisal 369

Housing Wire

AUGUST 1, 2024

Talk to a real estate agent about expectations for the fall and they’ll likely mention that the housing market will be slow due in part to the election, a belief in the industry that’s become rote. But a new report from John Burns Research and Consulting refutes that notion.

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Real Estate Agent Housing Market Buyers Real Estate 397

Housing Wire

FEBRUARY 8, 2024

Mortgages rates reached their highest level since 2000 , construction costs rose and building regulations remained burdensome, leaving U.S. housing affordability near a 10-year low point at the end of last year, according to the National Association of Home Builders (NAHB). median income of $96,300. “But

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Housing Market Construction Marketing Mortgage 481

Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. The average sales price was $456,800.

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Construction Housing Market Inventory Marketing 514

Appraisal Buzz

JULY 29, 2024

Recent data from First American (First Am) Data & Analytics’ Real House Price Index (RHPI) reveals a significant shift in the housing market, with increased housing supply leading to improved affordability in some areas. since January 2000. Unadjusted house prices are now 61.4% since June 2024 and 91.8%

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Marketing Inventory Housing Market Mortgage 418

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Inventory Marketing Housing Market New Listings 487

Housing Wire

JANUARY 6, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Measuring the housing deficit. The event is exclusively for HW+ members , and you can go here to register.

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Supply Chain Housing Market Construction Inventory 510

Housing Wire

APRIL 20, 2023

However, as we all know, housing inventory reached an all-time low in 2022, so you need context when talking about the year-over-year data. As we can see below, from 2000, total active housing inventory rose from 2 million to 2.5 NAR: The median existing-home price for all housing types in March was $375,700, a decline of 0.9%

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Inventory Housing Market Marketing New Listings 523

Housing Wire

APRIL 1, 2024

Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. trillion in home equity at the end of 2023, up from $15 trillion in 2006, the previous peak of the housing cycle. Overall, U.S. homeowners held $31.8

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Investing Buyers Mortgage Housing Market 426

Housing Wire

MARCH 1, 2024

The lender also communicated that it funded $4 billion in fix-and-flip loans in 2023, a company record for a calendar year, despite the challenging housing market. of all home purchases in Q3 2023, higher than the typical share seen since 2000. But home flips still represented 7.2%

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Investors Real Estate Technology Housing Market 368

Housing Wire

JUNE 5, 2023

In a sense, the gridlocked housing market has been feeding on itself,” Andy Walden , VP of enterprise research strategy at Black Knight, said. This is compounding the challenges for potential home buyers and the origination market alike, Walden said.

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Inventory Buyers Housing Market Mortgage 402

Housing Wire

JUNE 16, 2022

family housing completions in May were at a rate of 1,043,000; this is 2.8 Housing completions have been one of the worst stories for the housing market. The ability to finish houses has taken forever; thus, now the completion data is picking up to say hello to the falling housing starts. percent (±13.6

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Housing Market Buyers Mortgage Construction 542

Housing Wire

SEPTEMBER 21, 2023

As I have stressed time and time again, when you have normal credit channels, meaning the people who buy homes are in traditional 30-year fixed loans, the inventory channels will behave differently than they did in the years 2000-2007. But even with the biggest home sales crash ever, prices are still at all-time highs.

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Inventory Housing Market Mortgage Marketing 506

Housing Wire

FEBRUARY 19, 2024

According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate for California is 50 percentage points lower than the rest of the nation at only 44% in 2021. That represents a serious downtrend from a 50% homeownership rate in 2000. What’s the solution?

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Law Inventory Real Estate Government 470

Housing Wire

DECEMBER 16, 2024

housing market, home equity now increasingly belongs to homeowners themselves a sharp turn from the post-Great Financial Crisis era when homeowners were largely underwater and owned much smaller share of the U.S. housing value. Register today to attend the Housing Economic Summit in Dallas, on Feb.

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Housing Market Valuation Design Insurance 323

Housing Wire

APRIL 18, 2023

Without rents taking off, the CPI data would look much more tame, like what we saw from the years 2000-2019. Tuesday’s housing starts data does show some promise on the front of attacking inflation and helping lowering mortgage rates, so let’s look at the report and find out what I am talking about. Since 44.4%

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Mortgage Construction Supply Chain Housing Market 501

Housing Wire

APRIL 23, 2021

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market. After last year’s record $3.83

Marketing 488

Marketing Housing Market Inventory Mortgage 488

Housing Wire

AUGUST 18, 2022

“Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year,” Sam Khater, chief economist at Freddie Mac, said in a statement. ” How to make digital marketing easy and effective for mortgage professionals.

Mortgage 416

Mortgage Housing Market Marketing Technology 416

Housing Wire

OCTOBER 31, 2022

In 2000, we saw a lot of credit stress in the system. During the build-up to when the housing bubble burst, housing was getting noticeably weaker on many fronts. Currently, the housing market is in a recession: sales, production, jobs and incomes are all falling in the housing sector.

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Law Inventory Lending Mortgage 520

Housing Wire

APRIL 29, 2024

since January 2000. In March, the housing market was almost overvalued at a national level, but a surprisingly large number of markets remain significantly undervalued, according to First American. Consumer homebuying power, which represents how much one can buy based on changes in income and mortgage rates, decreased 0.1%

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Housing Market Mortgage Marketing Sellers 350

Housing Wire

NOVEMBER 23, 2022

We are well below the 2000 recession level and back to 1996 levels. When you account for a population of over 330 million people, that sales number looks a lot lower than in 2000 and 1996 so be mindful that we are trending at low levels today. Today we are finding a low base for now, because new home sales are historically low.

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Construction Marketing Housing Market Mortgage 460

Housing Wire

JUNE 14, 2024

The second occurred in October 2023 when mortgage rates peaked at their highest point since 2000. Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% year over year.

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Sellers Buyers Contracts Brokerage 485

Housing Wire

APRIL 15, 2022

It was 2000, and the real estate market was fairly uneventful – rates were around 8% and house prices were affordably flat. HousingWire : What do you think will be the big themes for the housing market in 2022? Rates have risen more than 2 full percentage points, yet housing prices continue to rise.

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Real Estate Real Estate Agent Business Housing Market 370

Housing Wire

SEPTEMBER 6, 2023

How hot is the housing market? There is certainly no shortage of indicators, but three in particular were published in the last week: the S&P/Case-Shiller Home Price Index, the All-Transactions House Price Index from the U.S. Federal Housing Finance Agency and the MSA-level “hotness” scores from Realtor.com.

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Housing Market Finance Contracts Marketing 425

Housing Wire

FEBRUARY 24, 2023

As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. The majority of inventory comes from the existing home sales market and if you compare it to 2008, back then we didn’t even have 200,000 homes available for sale and currently we are at 68,000.

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Inventory Construction Housing Market Mortgage 446

Eyes on Housing

MARCH 9, 2022

The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019. The housing market remains underbuilt and requires. The count of open construction jobs increased for the month to 380,000 unfilled positions in January. Read More ›

Construction 203

Construction Housing Market Marketing 203

Housing Wire

SEPTEMBER 28, 2022

In fact, new home sales are below the recession level of 2000 and back to 1996 levels already. The existing home sales marketplace is much bigger and has a lot more sales than the new home sales market, so it tends to not have crazy moves like this outside of some one-month event like the TRID implementation or COVID-19 pause in buying.

Construction 473

Construction Sellers Inventory Housing Market 473

Housing Wire

MAY 16, 2023

Homebuilder confidence is continuing to trend upward this spring, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. That share from 2000-2019 was a 12.7% In March, 33% of homes listed for sale were new homes in various stages of construction.

Construction 432

Construction Inventory Buyers Real Estate 432

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. Fannie Mae ‘s Economic and Strategic Research (ESR) Group forecasts single-family home sales to post 5.67 million in 2022 before dropping to 4.42 million in 2023 and then climbing to 5.25 million in 2024.

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Contracts Government Mortgage Buyers 372

Housing Wire

SEPTEMBER 27, 2023

The 30-year fixed mortgage rate increased to 7.41%, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased to 7.34%, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA ’s vice president and deputy chief economist.

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Mortgage Contracts Inventory Marketing 400

Appraisal Buzz

JUNE 25, 2024

Originally benchmarked to a level of 100 January 2000, the S&P CoreLogic Case-Shiller Index has reached an all-time high of 320.42 percentage points slower than the prior month’s annual pace.” “This month’s indexes cover home sales in February, March, and April, in what is typically a seasonal ramp-up period for the housing market.

Inventory 356

Inventory Housing Market Marketing Sellers 356

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. metro areas going back to 2000. Although the U.S. The number of home purchases by investors rose 3.4% In comparison, total U.S. home purchases fell 1.9%

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Investors Tenants Real Estate Property Taxes 433