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Share of Buyers Securing ‘Below-Market’ Rates Ticks Up 

Appraisal Buzz

By the fall of 2023, mortgage rates had risen from historic lows of 2.65% in 2021 to a decade-high of 7.79%. Key Findings: Although average mortgage rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%. The purchasing power of house shoppers was directly impacted by this.

Buyers 370
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Study: 24% of sellers received four or more offers in 2021

Housing Wire

home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. The rise in the number of homes that received multiple offers is reflected in the increased frequency of bidding wars in 2021. About two-thirds of sellers (65%) also reported buying a home.

Sellers 545
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New Year Brings New Supply as Seller Activity Shifts

Appraisal Buzz

According to the Realtor.com January Monthly Housing Report, January saw a positive shift in seller activity despite recent hikes in mortgage rates, with the number of newly listed homes increasing 37.5% Buyers & Sellers Thaw Alongside Winter Weather Additionally, for the fifteenth consecutive month, annual inventory increased, with 24.6%

Sellers 332
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As home prices skyrocketed, sellers made killer profits in 2021

Housing Wire

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. For comparison sake, in 2019 a home seller’s realized profit averaged out to about $55,000, the report said. Presented by: Equifax.

Sellers 459
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Roam secures $11.5M in funding to expand assumable mortgage access

Housing Wire

” Over the past 12 months, Roam has grown by 500% and registered 200,000 buyers looking for a more affordable way to buy a house. Assumable mortgages let buyers take over a sellers loan, with Federal Housing Administration (FHA) and Veterans Affairs (VA) loans about one-third of all U.S. mortgages eligible by law.

Mortgage 341
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Q4 Snapshot: The State of Foreclosure Auction Volume

Appraisal Buzz

According to an early January 2025 survey of 145 individuals who have previously bought properties on Auction.com, roughly 43%of buyers said the results of the November 2024 election increased their willingness to buy properties at auction, while only 3% said the results decreased their willingness to buy.

Sellers 415
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Surging for-sale inventory turns Florida into a buyer’s market

Housing Wire

Redfin agents in the state say that its now a buyers market where sellers have to make concessions to bring buyers to the table. However, mortgage rates staying stubbornly around 7% are preventing many would-be buyers from entering the market. Active listings landed at 212,437 at the end of January, a staggering 19.4%

Inventory 387