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

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S. Presented by: Propertybase.

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Housing Market Marketing Real Estate Technology 545

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 450

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

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%

Home Value 545

Home Value Mortgage Buyers Marketing 545

Empire Appraisal Group

FEBRUARY 23, 2023

Top State for 2022 Home Value Increases | Florida Realtors Fla. Top State for 2022 Home Value Increases By Dylan Abad Analysis finds Fla. home prices rose 17.27% last year, the most in the U.S., But in last-place Idaho, values sank 0.18%. The 17.27% change in value outpaced every other state in the nation.

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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 461

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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Empire Appraisal Group

SEPTEMBER 22, 2022

A Key to Home Values. Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll street homes took longer to sell. Some street and neighborhood names are more associated with expensive homes than other names. A Key to Home Values | Florida Realtors.

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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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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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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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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.

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Tenants Home Value Mortgage Appraisal 397

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 420

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 482

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

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 483

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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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 541

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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Chicagoland Appraisal Blog

JUNE 7, 2021

Approximately 5% of that land is detached single-family homes. Since January 1, 2019 to May 20, 2021 there have been 91 sales of detached single-family homes in Rogers Park. The post How Old Comparable Sales Are Used to Appraise Current Home Values? Edgewater: 170. appeared first on Chicagoland Appraisals.

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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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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

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

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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Appraisal Buzz

OCTOBER 2, 2024

September’s decline was the largest since August 2021 and all five components of the Index deteriorated. gain in both February and March of this year, even as home values continued to reach new highs. Peterson, Chief Economist at The Conference Board. Thirteen months in a row of annual appreciation began in July 2024.

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Home Value Business Mortgage Marketing 435

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

JULY 15, 2024

The HUD claimed that in January 2021, a Black woman received an “insupportably” low appraisal for her home in a majority-white area of Denver. That’s despite home value appreciation in the Colorado market and other recent appraisals of the same property indicating steady increases in value, HUD stated.

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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 450

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 369

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 493

Empire Appraisal Group

DECEMBER 10, 2021

Has 2021 Been a $2 Trillion Year? The real estate data firm CoreLogic reports that the total value of residential real estate transactions in 2021’s second quarter topped $600 billion for the third time in the past year. In the first quarter of 2021, $750 billion was spent on 1.91 million transactions. © CoreLogic.

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Real Estate Appraisal Marketing Home Value 78

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 469

Housing Wire

JANUARY 24, 2023

Under its Sell & Stay program, which charges an annual option fee, clients have the right to repurchase the home or to direct a third-party sale at any time. If the home value appreciates, customers get to keep the difference. billion in volume in 2022, a decline of more than 50% from its 2021 production of $30.5

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Tenants Loan Officers Finance Clients 398

Houston Properties

JULY 22, 2022

Home Value Of My House: Tips for Pricing Your Houston Home. Asking yourself, "What is the home value of my house in Houston"? Use this Houston home valuation tool from HoustonProperties.com. Value Your Home. Planning to sell your home but overwhelmed with all the steps to take?

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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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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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