Housing Wire

NOVEMBER 22, 2023

The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values. Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. 2019 level.

Inventory 488

Inventory Home Value Housing Market Buyers 488

Housing Wire

JANUARY 25, 2023

After blowing past the 2% core inflation target in April 2021, it continuously rose for 18 months until peaking in September 2022. Inventory What does that mean for housing? Since the COVID-19 pandemic lockdowns of 2020, inventory has dropped to record-low levels both in 2021 and 2022. It did not hit 6.7%

Housing Market 459

Housing Market Marketing Inventory Sellers 459

Housing Wire

SEPTEMBER 11, 2023

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. MC: The demand for REO assets remains strong, with inflows and overall REO inventory levels remaining significantly less than post-Q1 2020 inventories.

Inventory 435

Inventory Technology Design Tools 435

Housing Wire

SEPTEMBER 9, 2021

Mortgage rates have struggled to reach 3% for most of 2021, despite predictions. Consumers, meanwhile, are still desperate to buy homes. The lack of available inventory coupled with sustained consumer demand has continued to drive historic increases in home prices. In June, home-price growth in the U.S.

Mortgage 493

Mortgage Valuation Home Value Inventory 493

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%

Insurance 370

Insurance Home Value Inventory Real Estate 370

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%

Home Value 468

Home Value Realtors Marketing Inventory 468

Housing Wire

JANUARY 7, 2022

That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. The “Queen city of the Ozarks” needs more homes. Still, Augusta home prices are not immune to national trends.

Housing Market 418

Housing Market Marketing Real Estate Agent Agents 418

Housing Wire

MARCH 23, 2022

At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 from a month prior and a 40% increase from the February 2021 level. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”.

Supply Chain 397

Supply Chain Housing Market Buyers Construction 397

Housing Wire

FEBRUARY 4, 2022

Housing entered 2022 riding high on several superlatives: the highest-ever annual price appreciation, the lowest-ever active inventory and the fastest monthly rise in mortgage rates since 2016. Our forecast is for home values to rise 16% from December 2021 to December 2022.

Housing Market 370

Housing Market Inventory Home Value Marketing 370

Appraisal Buzz

OCTOBER 3, 2024

. : (+2.3 %) (+50.8 %) “Lock-in” Effect Causing Buyers to Stay Put The real estate market has been hampered by the “lock-in” effect for many years now, whereby homeowners, who are tied into a relatively cheap mortgage rate, have been remaining there, having a negative influence on available inventory.

Marketing 418

Marketing New Listings Sellers Advertising 418

Housing Wire

JULY 25, 2022

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. Freddie Mac projects that home-price growth will average 12.8%

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

APRIL 28, 2022

If you were to take an inventory of deals which came out, a majority of the deals have been investor [investment property] … deals, and the prime jumbo deals have been very far and few in between.”. in 2021 were bought by institutional investors,” Lind said. “So,

Investors 369

Investors Marketing Investing Inventory 369

Appraisal Buzz

JULY 1, 2024

“Home prices increased again this March beyond the typical seasonal uptick, despite mortgage rates reaching this year’s high and the affordability crunch continuing to keep many prospective buyers on the sidelines,” said Dr. Selma Hepp, Chief Economist for CoreLogic.

Housing Market 418

Housing Market Inventory Real Estate Marketing 418

Housing Wire

FEBRUARY 20, 2025

Home prices and mortgage rates have surged since 2021, putting additional pressure on young buyers. Generational home-buying divide Another striking conclusion from LendingTree is the stark difference in home values sought by younger buyers compared to older buyers. In Nashville, Tenn., of mortgage holders.

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Buyers Real Estate Inventory Mortgage 368

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 435

Marketing Government Mortgage Sellers 435

Lamacchia Realty

DECEMBER 24, 2024

In November 2024, national home sales climbed 6.1% compared to a year ago , marking the biggest year-over-year gain since June 2021. Despite this trend, South Florida saw a decrease in home sales. Despite market challenges, constrained inventory and high demand continue to drive prices up.

Real Estate 68

Real Estate Home Value Buyers Sellers 68

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. one of the nation’s largest homebuilders, recently offering to sell some 5,000 homes to investors in the SFR market, according to a Bloomberg report. That compares with a 17.4%

Housing Market 545

Housing Market Marketing Construction Development 545

Lamacchia Realty

DECEMBER 24, 2024

In November 2024, national home sales climbed 6.1% compared to a year ago , marking the biggest year-over-year gain since June 2021. Despite this trend, Rhode Island saw a decrease in overall home sales. With more homes being listed and pending sales on the rise, buyers are staying engaged and making quick decisions.

Real Estate 68

Real Estate Sellers Home Value Buyers 68

Lamacchia Realty

DECEMBER 24, 2024

In November 2024, national home sales climbed 6.1% compared to a year ago , marking the biggest year-over-year gain since June 2021. Following this trend, Maine also saw an increase in home sales. With fewer homes being listed likely due to the busy time of year buyer demand is still driving home sales up.

Real Estate 68

Real Estate Sellers Home Value Inventory 68

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. The main factor influencing home prices is inventory.

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Buyers Advertising Inventory Home Value 273

Lamacchia Realty

DECEMBER 24, 2024

Single families: $558,496 (2023) | $604,560 (2024) Condominiums: $532,461 (2023) | $460,780 (2024) Multi-families: $469,320 (2023) | $540,144 (2024) Homes Listed For Sale: T he number of homes listed is down by 9.3% 2024: 1,174 2023: 1,294 2022: 1,231 Pending Home Sales: The number of homes placed under contract is up by 6.4%

Real Estate 68

Real Estate Home Value Sellers Buyers 68

Lamacchia Realty

DECEMBER 24, 2024

Single families: $698,107 (2023) | $728,237 (2024) Condominiums: $608,752 (2023) | $652,668 (2024) Multi-families: $658,276 (2023) | $776,132 (2024) Homes Listed For Sale: T he number of homes listed is down by 13% when compared to November 2023. In November 2024, national home sales climbed 6.1%

Real Estate 69

Real Estate Home Value Sellers Buyers 69

Lamacchia Realty

DECEMBER 24, 2024

Single families: $553,944 (2023) | $597,105 (2024) Condominiums: $324,844 (2023) | $348,070 (2024) Homes Listed For Sale: T he number of homes listed is down by 8% when compared to November 2023. 2024: 2,536 2023: 2,756 2022: 2,616 Pending Home Sales: The number of homes placed under contract is up by 7.5%

Real Estate 67

Real Estate Home Value Sellers Buyers 67

Cleveland Appraisal Blog

OCTOBER 14, 2021

It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. While at the same time, home prices were surging. Before the pandemic, there was already a shortage of housing inventory in many parts of the country, including in Northeast Ohio. Months of Housing Inventory Historically.

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Inventory Market Value Appraisal Contracts 243

Listing Spark

FEBRUARY 24, 2021

Well folks, if you’re wondering if the market has cooled off at all now that we have rolled in to 2021, it hasn’t. To give an example of how we measure the type of market we are in, we look at what’s called the months supply of inventory. In a balanced market, we have typically have 4-6 months supply of inventory.

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Real Estate Marketing Inventory Sellers 69

Housing Wire

AUGUST 8, 2023

billion in 2021 and closer to the level of 2019, when lenders originated $389.3 The California housing market in particular has been extremely slow, with inventory at all-time lows and few home sales. In June , existing, single-family home sales declined 4% from May and 19.7% Jumbo production fell to $377.9

Insurance 370

Insurance Mortgage Lending Clients 370

Cleveland Appraisal Blog

OCTOBER 1, 2021

This week, I am also working on a new Home Value Stories podcast episode. When you’re downsizing your home with a pet as your roommate, your animal may experience anxiety and uncertainty during the entire moving process. Shelby County Luxury Home Market Update – 2021 – Birmingham Appraisal Blog.

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Appraisal Valuation Realtors Modernization 243

Cleveland Appraisal Blog

APRIL 29, 2021

And that can certainly translate into increases in value. I also have some new podcasts in the works for my show at Home Value Stories. I just aired one on home staging this week. 8 Reasons Why Buying a House In 2021 Is Harder Than Last Year – NextAdvisor, by Farnoosh Torabi. So, stayed tuned.

Appraisal 251

Appraisal Investing Renovations Buyers 251

Lamacchia Realty

DECEMBER 8, 2021

The Federal Housing Finance Agency (FHFA) has announced that the baseline conforming loan limit will increase a record 18% to $647,200, which is an increase of $98,950 from $548,250 in 2021. home price. Why are Home Prices so high? April 8, 2021. 2021 Loan Limits Set to Increase. Additional Resources. Read More ».

Buyers 78

Buyers Inventory Home Value Realty 78

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. While 2021 saw small steps toward normalcy, it by no means experienced a cool down. Buyer demand continued.

Housing Market 78

Housing Market Marketing Inventory Supply Chain 78

Lamacchia Realty

JANUARY 24, 2025

In December 2024, national home sales climbed 9.3% compared to a year ago , marking the biggest year-over-year gain since June 2021. Following this trend, Connecticut also saw an increase in home sales. However, new listings were down, resulting in lower inventory and increased competition among buyers.

Inventory 68

Inventory Real Estate Sellers Buyers 68

Lamacchia Realty

JULY 31, 2024

Learn More About the Chelmsford, MA Community 2024 CHELMSFORD, MA Housing Market Outlook The first half of the year is traditionally a seller’s market characterized by low inventory and high buyer demand. This dynamic often leads to bidding wars and upward pressure on home prices.

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Real Estate Buyers Home Value Realty 73

Lamacchia Realty

JULY 31, 2024

Consequently, the latter part of the year tends to favor buyers with increased inventory and reduced competition. Given the ever-changing mortgage rate environment and continued rise in home values, buyers must stay informed and prepared to seize opportunities, especially if interest rates unexpectedly decline.

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Real Estate Buyers Home Value Realty 73

Eppraisal

JANUARY 28, 2022

The 2021 real estate market was a record-breaking year. Home sales are expected to increase another 6.6% and home prices to rise another 2.9% on top of 2021 highs." and data from Freddie Mac, low interest rates and limited availability of homes in desired areas led to an overall increase of home prices of 11.3%

Marketing 68

Marketing Home Value Real Estate Housing Market 68

Lamacchia Realty

JULY 31, 2024

This shift tends to create a more favorable market for buyers in the latter half of the year with increased inventory and reduced competition. To attract buyers in this shifting market, sellers may need to adjust their pricing. Data provided by Warren Group & Berkshire County Board MLS and compared to the prior year.

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Real Estate Buyers Home Value Realty 72

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This is no longer the case.

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Sellers Buyers Home Value Inventory 78

Lamacchia Realty

SEPTEMBER 25, 2024

This situation is leading to more properties being listed, and a decrease in pending sales, which in turn is raising inventory. With inventory rising, and demand decreasing the average selling price of single-family homes and townhomes/condos is experiencing a decline.

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Real Estate Inventory Sellers Buyers 72