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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% from 17.9%.

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Rocket Mortgage wins $10 million dismissal in 2012 lawsuit

Housing Wire

A group of 2,769 West Virginian borrowers claimed in the lawsuit, which was originally filed on July 23, 2012, that Rocket Mortgage (known then as Quicken Loans ) and its insurance arm, Amrock (formerly Title Source ), were unfairly influencing home appraisal values. The latest ruling from the U.S

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Low-income owners’ home values have increased by 75% since 2012

Housing Wire

Home equity and retirement savings accounts represent over 60% of a household’s net worth, according to the U.S. Census Bureau , and the last decade has resulted in a significant uptick in low-income homeowners’ home values. The highest median home value was among Asian Americans at $521,620.

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FHFA Announces 2025 Conforming Loan Limits

Appraisal Buzz

Mandated by HERA The Housing and Economic Recovery Act (HERA) requires that the FHFA adjust the GSEs’ baseline CLL value annually to reflect the change in the average U.S. home price. home value over the last four quarters. housing market experienced positive annual appreciation each quarter since the start of 2012.

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Manufactured Homes Appreciating at Rates Comparable to Site-Built Homes

Appraisal Buzz

Research indicates that rising land prices have significantly outpaced the appreciation of home structures, contributing to a disparity in overall value growth. Land costs now comprise a larger share of home values, increasing from 35.7% in 2012 to 57.4% in 2023, according to American Enterprise Institute data.

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Gap between Black and white renters who were mortgage ready narrowed during the pandemic

Housing Wire

The gap narrowed significantly since 2012, when it stood at 7.9 While higher mortgage rates and elevated home prices affected affordability for everyone, regardless of race, the median household income for Black renters rose more than for white renters since 2012. About 7.8% of white families that year — representing a gap of 4.7

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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. Jul-06 134.00 Feb-12 -27.4%

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