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Hispanic Homeowners Reduce the Home Value Gap

Appraisal Buzz

Zillow has found that Hispanic homeowners are making great strides in narrowing the home value gap with white homeowners over the past two years—regaining ground lost during the pandemic. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1%

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Examining 2024 Home Price Trends 

Appraisal Buzz

home values had an annual growth of 3.6%a Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home prices rose again in October. last month). Jul-06 134.00

Inventory 359
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Property taxes have been rising. Here’s what it means for housing

Housing Wire

“If somebody is concerned about that (taxes), I always put it back on the buyer and ask them, ‘Do you have any control in the increase of your rent payment?’” single-family home was $3,901, up 3% compared to 2021, ATTOM reported. Pittsburgh’s Allegheny County , for example, hasn’t done a countywide assessment since 2012.

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RealScout launches seller lead nurture features

Housing Wire

Agent-client collaboration platform RealScout announced the launch of RealScout Pro+ on Tuesday, the first significant update to the platform since it was founded in 2012. “It Features of the new RealScout Pro+ include Auto Nurture, Home Value Alerts and market activity alerts.

Sellers 432
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Homes in high-risk wildfire areas are more affordable

Housing Wire

million homes are located in areas at high risk of wildfire across the states of Washington, Oregon and California, with a total estimated home value of $3.3 Redfin said that for Bay Area homebuyers who are priced out of San Francisco , where the median home sold for $1.45 More than 4.5 trillion, a new Redfin report said.

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Empty-nesters own twice as many large homes as millennials with children

Housing Wire

This has put a strain on the inventory of three-bedroom-plus homes, making it harder for a millennial to buy one. Another 17% of millennials, regardless of it they have children or not live with a family member in a home that the family member owns or rents, while 10% live in a home owned or rented by a non-family member.

Inventory 493
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Think US home prices are high? At least we aren’t Canada

Housing Wire

housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. foreign buyers have always been less than 300,000 of total home sales for many years. The housing crash premise that home prices have to go back to 2012 levels is crazy.