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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. house prices increased 5.21%, on average, between the third quarters of 2023 and 2024.

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U.S. property taxes increased twice as fast in 2023 compared to prior year

Housing Wire

amid a combination of declining home values and rising tax bills,” according to an Attom news release. Nationally, the average home value dipped 1.7% as the decade-long housing market boom cooled in 2023, especially in the second half of the year as median sales prices declined.

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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 More than 4.5 trillion, a new Redfin report said. Forest Service. Data was gathered from 2,700 zip codes in California, Oregon and Washington. “The

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

Housing Wire

single-family home was $3,901, up 3% compared to 2021, ATTOM reported. ATTOM’s figures are estimates based on an analysis of local tax data, home values and the use of an automated valuation model. High tax burdens can play a major factor in whether buyers get priced out of a potential home purchase,” Barber 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.

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With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

David Peskin: As we all know, the housing market is booming right now. The truth is that many savvy homeowners have used a reverse mortgage strategically, and many owners of high-value homes elect to use a reverse mortgage to fund their retirement.

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