Housing Wire

MARCH 4, 2022

trillion in cash-out refis in 2021, up 20% compared to the prior year, the highest volume since 2005. Cash-out refis went from 36% to more than 60% of all refis from the beginning of 2021 to the fourth quarter. In 2021, homeowners tapped $275 billion in equity. trillion in 2021, up from $4.3

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Housing Wire

DECEMBER 22, 2021

trillion of housing value over the last year, according to a report published by Redfin this week. The report noted that home-price growth and a severe shortage of inventory worked in tandem to push housing values to record highs in 2021. As a result, the value of U.S. homes grew by 31.4% to $8 trillion.

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Home Value Valuation Real Estate Housing Market 428

Housing Wire

JANUARY 25, 2021

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by 3.7%

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Home Value Mortgage Buyers Marketing 545

Housing Wire

NOVEMBER 8, 2022

billion in credit loss builds to account for a decline in home values in the fourth quarter, according to earnings reports from the housing finance giants. “Credit-related expense for the third quarter was primarily driven by lower actual and projected home prices.” billion at the end of 2021.

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Home Value Housing Market Government Finance 324

Housing Wire

NOVEMBER 30, 2021

In 2021, the FHFA set the baseline conforming loan limit at $548,250 , a 7.5% Median home values exploded across dozens of housing markets across the country in 2021. It mandated that the baseline could only rise after home prices returned to pre-recession levels. increase from the prior year.

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Housing Wire

FEBRUARY 10, 2021

In a letter to shareholders, Zillow CEO and co-founder Rich Barton and CFO Allen Parker said the company also expects a strong first quarter of 2021. Looking ahead, our Zillow economists have made bold predictions for an even stronger housing market in 2021 than what we experienced in 2020,” the letter states. million – up 25.8%

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Home Value Advertising Real Estate Agent Real Estate 418

Housing Wire

MAY 21, 2021

A recent report from ATTOM Data Solutions found that median home prices increased in 75% of the country’s “Opportunity Zones” — economically distressed communities that may qualify for tax deferment — year over year in the first quarter of 2021. 43% of those zones had median home prices of less than $150,000.

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Home Value Design Real Estate 470

Housing Wire

FEBRUARY 9, 2021

The FHFA had previously extended its multifamily forbearance policies in December, also pushing out options for multifamily mortgages backed by the GSE’s to March 31, 2021. FHFA’s Director Mark Calabria said the company’s recent actions are to “help keep families in their home during the pandemic.”

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Home Value Finance Government Mortgage 540

Housing Wire

FEBRUARY 18, 2021

However, even individuals that purchased homes in 2020 have seen an increase in home value after just one year of homeownership. According to CoreLogic, homeowners saw an 8% increase in home prices in 2020. 2021 Will See Continued Growth. 2021 is the time to jump on that opportunity.

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Real Estate Investing Marketing Home Value 529

Housing Wire

MARCH 9, 2021

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021.

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Home Value Market Value Brokerage Inventory 494

Housing Wire

MARCH 15, 2024

This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan. Senior home values fell from $15.28 The RMMI fell to 449.02 in Q4, a slight decline from the Q3 level of 453.19.

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Home Value Finance Mortgage Marketing 420

Housing Wire

OCTOBER 3, 2022

Skyrocketing mortgage rates – now in the 7% range for some buyers – and limited inventory have driven mortgage affordability to its lowest levels since the early 1980s, a reversal from the frenetic boom in buying during 2020 and 2021. That monthly payment is up $930 from August 2021, a 73% increase. With mortgage rates at 6.7%

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Inventory Home Value Housing Market Mortgage 529

Housing Wire

APRIL 20, 2021

In analyzing more than 7 million homes sold between 2013 and the beginning of 2021, Redfin found homes in Black neighborhoods are undervalued by an average of $46,000 compared to homes in primarily white neighborhoods, the company said. Only 44% of Black Americans own the home they live in, versus 74.5%

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Home Value Investing Lending Real Estate 487

Housing Wire

NOVEMBER 7, 2023

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. But home values and taxes have shot up in several neighborhoods. In 2022, the average tax on a U.S.

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Property Taxes Home Value Government Valuation 540

Housing Wire

JANUARY 25, 2021

An updated market outlook from Zillow expects seasonally adjusted home values to increase by 3.7% from December 2020 to March 2021, and by 10.5% through December 2021. McLaughlin said. But even if lenders do inflate prices on a lower mortgage, borrowers can gain an advantage by playing the field.

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Mortgage Home Value Real Estate Finance 529

Appraisal Buzz

APRIL 20, 2022

Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. home is now 19.5% Despite this, the pace and volume of sales picked up in March, showing the depth of the pool of home buyers willing and able to meet.

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Mortgage Home Value Real Estate Buyers 195

Housing Wire

OCTOBER 4, 2024

This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) in partnership with data analytics firm RiskSpan. billion) increase in senior home values, which was offset by a 0.89% (or $20.9

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Home Value Mortgage Marketing Finance 419

Housing Wire

MARCH 9, 2022

Despite this decrease, some markets such as Los Angeles and New York, still saw housing wealth rise due to increasing home prices. ” Nationwide, the median single-family existing-home sales price rose at an annual pace of 8.3% ” Nationwide, the median single-family existing-home sales price rose at an annual pace of 8.3%

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Home Value Realtors Marketing Inventory 468

Housing Wire

APRIL 4, 2024

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% over the 10-year span from 2012 to 2021 — even after adjusting for inflation.” The yearly growth rate for property taxes in 2023 was 6.9%

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Property Taxes Home Value Valuation Real Estate 399

Housing Wire

SEPTEMBER 8, 2021

Homeowners withdrew $63 billion in equity in the second quarter of 2021, according to the latest numbers from Black Knight , the most in a single quarter in nearly 15 years. The driver is, of course, spiking home prices in most places. There is still $9 trillion in tappable equity, a 37% increase year-over-year. million or 3.3%

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Home Value Mortgage Government Lending 464

Housing Wire

NOVEMBER 7, 2024

In California, where more than 7,000 wildfires occurred last year, the typical homeowner in many ZIP codes paid premiums as low as 0.05% of home value, according to the Times. By contrast, in parts of Alabama, Oklahoma, Louisiana and Texas, the average homeowner paid premiums of more than 2% of local home values.

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Insurance Supply Chain Real Estate Design 470

Appraisal Buzz

OCTOBER 29, 2024

Many young Americans purchased their first homes during the pandemic or in the years preceding it, and they later profited from a historic increase in home values brought on by the homebuying boom of 2021–2022.

Tenants 397

Tenants Home Value Mortgage Appraisal 397

Housing Wire

JUNE 28, 2024

This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan. Senior home values increased to $15.5 The RMMI increased to 461.28 in Q1 2024, up from the revised Q4 2023 level of 449.79.

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Transportation Home Value Mortgage Marketing 354

Housing Wire

SEPTEMBER 9, 2021

Mortgage rates have struggled to reach 3% for most of 2021, despite predictions. Low interest rates coupled with dramatically rising home values have left homeowners with a massive amount of available equity. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

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Mortgage Valuation Home Value Inventory 491

Housing Wire

DECEMBER 2, 2021

This marks the largest increase to the agency’s house price index, which tracks the average increase in home values, since the metric was introduced in 2008. In high-cost areas, the FHFA increased the ceiling loan limit for one-unit properties to $970,800, up from $822,375 in 2021.

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Home Value Finance Mortgage 406

Appraisal Buzz

JANUARY 28, 2022

According to the National Association of Realtors, home values increased by 16.9% in 2021, the highest year-over-year increase since 1999. The 2022 housing markets across the U.S. are still experiencing the groundbreaking demand that arose during the early stages of the pandemic nearly two years ago.

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Real Estate Home Value Realtors Housing Market 305

Housing Wire

NOVEMBER 26, 2024

That’s the case for areas where 115% of the local median home value exceeds the baseline conforming loan limit value, where the Housing and Economic Recovery Act (HERA) establishes the ceiling at 150% of the baseline limit. increase 2021: $548,250 — 7.4% 2016: $417,000 2017: $424,100 — 1.7% increase 2018: $453,100 — 6.8%

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Finance Home Value Mortgage Government 432

Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance. Therefore, it begs the question: what will happen to home values?

Sellers 435

Sellers Marketing Market Value Home Value 435

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Lending 452

Lending Home Value Mortgage Renovations 452

Housing Wire

JULY 14, 2021

The allure of owning a vacation home outside the city still exists, but the big second-home boom we’ve seen over the last year is abating.” ” Between February 2020 and February 2021, demand for vacation homes rose a staggering 84% — more than double the demand for a primary home.

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Home Value Contracts Lending Mortgage 468

Housing Wire

AUGUST 27, 2021

Cinch Home Services surveyed over 1,000 homeowners and renters to figure out how important updates are in the homebuying process. And they discovered that a majority of homeowners think upgrading their appliances will increase their home value by almost $14,000. . Take major kitchen remodels, for example.

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Renovations Home Improvement Investing Home Value 459

Appraisal Buzz

JANUARY 28, 2022

According to the National Association of Realtors, home values increased by 16.9% in 2021, the highest year-over-year increase since 1999. This surge in demand is pressuring the diminishing … The post Hot Market Homes Selling at Record Speeds appeared first on DSNews. The 2022 housing markets across the U.S.

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Marketing Home Value Realtors Housing Market 284

Housing Wire

NOVEMBER 18, 2022

months in October 2021. Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said. “In In October, 24% of homes received over the asking price. Conversely, homes sitting on the market for more than 120 days saw prices reduced by an average of 15.8%.”.

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Housing Market Marketing Inventory New Listings 420

Housing Wire

MARCH 14, 2022

Rate-term refinance lending activity was down for the fifth consecutive month – falling to the lowest level in three years – and is down 80% from 2021 levels. Cash-out locks – which have been somewhat insulated due to strengthening home values, were down 6.3% over last year. from the month prior.

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Home Value Lending Mortgage Marketing 390

Housing Wire

NOVEMBER 19, 2024

According to data from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan , Americans ages 62 and older were sitting on a repository of roughly $14 trillion in home equity as of second-quarter 2024, or 40% of the $35 trillion accumulated by all U.S. By Q3 2021, it topped $10 trillion for the first time.

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Home Value Mortgage Sellers Finance 399

Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The majority of title professionals were busier in 2021 than they ever have been.”. maintained 5.9%

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Insurance Home Value Inventory Real Estate 298

Housing Wire

JANUARY 10, 2024

Most Canadians prefer to age in their homes. Mansbridge previously collaborated with the bank in 2021, interviewing HomeEquity corporate officials about reverse mortgages and retirement. In a 30-second TV spot, Mansbridge takes a stage to answer questions from an audience resembling a press pool.

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Mortgage Advertising Marketing Home Value 395