Appraisal Buzz

FEBRUARY 18, 2025

metropolitan areas going back through 2014. Metros Reporting the Lowest Share of Cash Purchases Expensive coastal metros had the lowest share of all-cash buyers, led by San Jose, California where only 18.1% For their findings, Redfin analyzed county-level home purchase records across 40 of the most populous U.S.

Buyers 248

Buyers Mortgage Appraisal 248

Housing Wire

AUGUST 8, 2024

rise in total value compared to June 2023 and 120% higher than in June 2014. Mortgage rates have started falling , but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,“ Zhao added. That’s a 6.6%

Home Value 459

Home Value Housing Market Construction Buyers 459

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers.

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

DECEMBER 7, 2020

In 2013/2014, when the economic data was improving, mortgage rates rose. As a result of the increase in rates, demand for housing fell in 2014. The new home sales market had an epic miss from sales estimates in 2014. For a while in 2014, purchase applications data were trending down 20%, year over year. Hard pass.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

NOVEMBER 24, 2020

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. uptick reported in August, and represented the largest annual gain since May 2014 as record-low mortgage rates and a lack of inventory continued to put upward pressure on home prices. “Our

Housing Market 525

Housing Market Contracts Construction Inventory 525

Housing Wire

MARCH 9, 2021

last month, still hovering near levels previously seen in 2014. “Expected home sales growth this year is still likely to be driven by first-time buyers, spurred by millennials reaching peak first-time homebuyer age,” Kan said. The group’s Mortgage Credit Availability Index remained unchanged at 124.6

Mortgage 497

Mortgage Government Buyers Contracts 497

Housing Wire

NOVEMBER 10, 2023

It’s the highest share of all-cash transactions recorded since 2014. Meanwhile, buyers offer bigger down payments to lessen the cost of monthly payments In September, buyers were typically putting down 16.1% In those cities, the typical buyer put down 25% of the purchase price. home purchases, compared to 29.5%

Mortgage 468

Mortgage Buyers Insurance Government 468

Housing Wire

DECEMBER 29, 2020

Craig Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices, said that it’s likely COVID-19 has pushed buyers to move from urban apartments to suburban homes. growth rate was more than six and a half years ago, in March 2014.”.

Buyers 543

Buyers Construction Realtors Inventory 543

Housing Wire

AUGUST 17, 2020

All HMI indices experienced gains in August, including current sales conditions, sales expectations and traffic of prospective buyers. However, buyers looking to relocate may be surprised as recent data from Redfin reported urban dwellers leaving the city are raising home prices in rural areas.

Construction 459

Construction Housing Market Buyers Marketing 459

Housing Wire

APRIL 20, 2022

In 2013-2014, rates rose, and you see the lower trend in sales back then. 2022 is looking to be the first actual negative year-over-year purchase application year since 2014. We are between what we saw in 2018 — with a mild response to higher rates — and 2014, where the reaction was much more severe.

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Appraisal Buzz

MARCH 4, 2025

There are more homes for sale right now than in recent years and that has led to buyers markets in many areas of the country. We expect pricesand therefore home valuesto keep rising steadily this year because there are still enough buyers competing over a relatively small number of listings, compared to before the pandemic.

Home Value 243

Home Value Housing Market Buyers Marketing 243

Housing Wire

MAY 24, 2024

Dave Mele, president of Homes.com since 2014, has left CoStar Group to pursue “an opportunity outside of the real estate industry,” he confirmed to Real Estate News on Friday. Prior to CoStar’s acquisition, Homes.com sold buyer leads to agents but ceased this practice after the deal.

Real Estate 463

Real Estate Agents Realtors Investors 463

Housing Wire

NOVEMBER 30, 2020

The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. “Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices.

Inventory 535

Inventory Realtors Contracts Development 535

Housing Wire

APRIL 15, 2022

Inventory falling again in 2022 created more forced bidding wars, which frustrates buyers, keeps potential sellers from wanting to list, and creates stress for real estate agents doing a lot of work with nothing to show for it. The last time this data line was fragile was back in 2013-2014. The four-week average is running at 9.25%.

Housing Market 511

Housing Market Marketing Mortgage Inventory 511

Housing Wire

JULY 20, 2022

This is common in recent history, which has happened before in 2013/2014 and 2018/2019. We are already below 2008 levels today — not that far off the 21st century low of 2014. However, we can see a clear demand-weakness trend in 2014 and 2022. Today, home buyers already have more choices than what they had last year.

Inventory 518

Inventory Housing Market Marketing Realtors 518

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. One such measure is who is entering the market.

Realtors 459

Realtors Buyers Inventory Investors 459

Housing Wire

NOVEMBER 13, 2023

“In a still-competitive housing market, more well-off home buyers were able to have their bids accepted by offering larger down payments and even by paying cash.” It was the highest share of all-cash transactions recorded since 2014. The share of first-time buyers rose to 32%, up from last year’s low of 26%.

Real Estate Agent 435

Real Estate Agent Real Estate Agents Sellers 435

Housing Wire

NOVEMBER 15, 2023

Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately. In 2002, he joined the firm’s executive team, serving as president, before a nine-year stint as CEO from 2005 to 2014. Marc King will continue to serve as President of Keller Williams. He left the company in 2016.

Brokerage 459

Brokerage Real Estate Realty Agents 459

Housing Wire

JUNE 8, 2022

2014: What they said: Housing would crash because purchase application data was down 20% year over year; adjusting to the population, it was the lowest ever. Ages 28-34 are the biggest age group ever and when you add them with move-up, move-down, cash, and investor buyers together, you have solid replacement demand.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

SEPTEMBER 12, 2023

Larson started her career in real estate as an agent at a large national franchise in 2014. RE/MAX The Collective will serve buyers and sellers throughout Yakima, Ellensburg and Cle Elum and it will specialize in rural and residential properties as well as large agricultural farms.

Brokerage 418

Brokerage Real Estate Agent Real Estate Agents 418

Appraisal Buzz

MARCH 12, 2025

years in 2014. Long homeowner tenure is an obstacle for first-time buyers all over the country, not just in California, because it contributes to the countrys housing shortage and pushes sale prices higher. California is also home to three of the five U.S. metros with the biggest increases in homeowner tenure over the last decade.

Property Taxes 311

Property Taxes Inventory Mortgage Law 311

Housing Wire

MAY 9, 2022

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. We saw this in 2013-2014 and 2018-2019. In addition, the U.S. Here in the U.S.,

Housing Market 532

Housing Market Buyers Mortgage Marketing 532

Housing Wire

JANUARY 8, 2023

The Federal Reserve ‘s signals indicating further rate hikes for 2023 appear to have scared buyers away from the market in December. Last month tallied the fewest purchase lock counts in a single month since early 2014 as interest rates and affordability pressures challenged the market. . Mortgage origination activity dropped 19.4%

Mortgage 516

Mortgage Buyers Marketing 516

Housing Wire

JANUARY 30, 2024

That year, they accounted for 39% of all buyers, according to the National Association of Realtors , pushing millennials out of the top spot for the first time since 2014. Even as many boomers remain in the long-term renter pool, they were also the nation’s largest demographic of homebuyers in 2022.

Tools 482

Tools Clients Realtors Development 482

Housing Wire

JUNE 10, 2021

However, May’s credit availability inched to its highest level since the early days of the pandemic, but remained at 2014 levels. Compared to last year, fewer people are applying for purchase mortgages – a likely result of home prices continuing to rise and prospective buyers avoiding astronomical bidding wars.

Mortgage 488

Mortgage Government Lending Housing Market 488

Housing Wire

MAY 7, 2021

But Klir was mostly invisible to buyers’ agents. Formed in San Francisco in 2014, Opendoor stands at the vanguard of businesses that cast their lot with the instant purchase, and then resale of homes. Of those sales, Klir was the listing agent for 1,213 of the 1,613 deals, according to FMLS data.

Real Estate Agent 397

Real Estate Agent Real Estate Agents Brokerage 397

Housing Wire

DECEMBER 29, 2020

million she paid for it back in 2014. If you’re curious about the identity of the lucky buyer of Kardashian’s estate, cosmetics entrepreneur turned Youtube guru Dhar Mann is the chosen one, according to Variety. million— more than $1 million over the highest price ever paid for a home in the city. Even more impressive?

Decorating 397

Decorating Real Estate Architecture Buyers 397

Housing Wire

APRIL 21, 2022

It’s a different story in the non-distressed retail market, where the large institutional buyers are crowding out both owner-occupant buyers and local real estate investors, according to Kerr, who is president of locally based Mid South Home Buyers. Bulk Buyer Bonanza. The bulk buyer purchases accounted for 8.4%

Investors 418

Investors Renovations Marketing Retail 418

Appraisal Buzz

AUGUST 8, 2024

trillion in June 2014. Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao. In a decade, the value of U.S. homes has more than doubled, rising nearly 120% from $22.7 and 5.9%, respectively.

Valuation 417

Valuation Housing Market Marketing Home Value 417

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%. Historically 2.5

Realtors 418

Realtors Housing Market Marketing Buyers 418

Housing Wire

APRIL 1, 2024

NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. Or in this case, the price of those that get offers — indicating where the buyer demand is? In most markets now, buyers feel like they have less urgency and sellers react to that fact.

Inventory 488

Inventory New Listings Contracts Sellers 488

Housing Wire

MARCH 18, 2022

Inventory has been slowly falling since 2014, so if demand picks up in 2020-2024, it can collapse to shallow levels. As you can see from this NAR report, cash buyers as a percent of sales is slightly lower now than levels in 2016. We have solid replacement buyers: people needing shelter.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

MAY 2, 2022

The spread between 30-year and ARM offerings is the widest it’s been since 2014 and within 20 basis points of an all-time high. . Potential borrowers who’ve been priced out of the housing market need to be able to compete with an increasingly growing share of cash buyers and investors who are beating them in bidding wars.

Housing Market 448

Housing Market Mortgage Investors Finance 448

Housing Wire

SEPTEMBER 13, 2022

Traditionally speaking, post-2012, inventory growth came in years where demand was weaker from mortgage buyers: 2014 and 2022. Adjusting to population, 2014 was the lowest level in the index ever, and in 2022 we have seen a noticeable hit in this index, taking it below 2008 levels. The healthy parts of the U.S.

Mortgage 525

Mortgage Inventory New Listings Sellers 525

Housing Wire

OCTOBER 26, 2023

He testified that, in most cases, homebuyers would be unable to include buyer agent commission costs into their financing. “My concern is buyers who are cash-constrained,” Stevens said. ” But buyers are not the only ones who benefit from the current system, according to Stevens. The D.A.N.G.E.R.

Buyers 448

Buyers Sellers Agents Real Estate 448

Housing Wire

JUNE 28, 2022

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. Think replacement buyers, the biggest youngest demographic patch in history, move-up, move-down, cash and investor buyers together — this is driving great replacement buyer demand during this period.

Housing Market 482

Housing Market Marketing Inventory Investors 482

Housing Wire

DECEMBER 16, 2021

On Tuesday, according to multiple sources within the New York-headquartered mortgage lender and “power buyer,” a weekly video meeting of Knock loan officers took a turn when Robert Foos, Knock’s director of sales, told loan officers that they would receive a 33% reduction in salaries effective Jan.

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Agents 418