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%

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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.

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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.

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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%

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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%

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Appraisal Buzz

DECEMBER 30, 2024

Housing inventory will likely still be low in 2025, and demand could increase. Even though we may be a long way from rates returning to the 23% range we saw at the end of 2021, its still great to see things trending in the right direction. In fact, the Federal Home Loan Mortgage Corporation expects prices to growin 2025.

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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.

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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.”.

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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.

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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.

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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%

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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,

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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.

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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].

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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%

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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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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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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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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

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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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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.

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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.

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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 ».

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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%

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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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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.

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Birmingham Appraisal

JANUARY 11, 2023

From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. In 2020 we saw a 7% increase in volume over 2019 while in 2021 we had an increase of 16% over 2019 and in 2022 we were around 3% less, which is not much at all.

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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.

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Empire Appraisal Group

NOVEMBER 23, 2022

One year earlier in 3Q 2021, Opendoor reported a loss of $57 million. Navigating a once-in-forty-years market transition has required us to operate with urgency and discipline to manage risk and overall inventory health,” Eric Wu, co-founder and CEO of Opendoor said in a statement. “In

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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.

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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%

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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%

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Eppraisal

JUNE 8, 2021

Here's what to be prepared for: Competition Inventory is at its lowest point in many years. According to Realtor.com's April 2021 Monthly Housing Market Trends Report, the national inventory of active listings declined by 53% over last year. Prices Too High Home values are rising. Home values have risen.

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Marketing Sellers Buyers Home Value 69

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. With limited inventory, home values are on the rise.

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Sellers Loan Officers Inventory Home Value 66

Listing Spark

SEPTEMBER 30, 2020

In short, huge demand that inventory simply can’t keep up with. Homes are selling at such a feverish pace that active listings are plummeting across the board, further lowering our months of inventory available to buyers. Will it happen Q1 or Q2 of 2021? That’s great news if you are a seller though. .

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Real Estate Marketing Inventory New Listings 69

Empire Appraisal Group

SEPTEMBER 26, 2024

Over the past year, active inventory has been rising at an accelerated pace in many Florida housing markets. Some of it is a result of spiked home insurance premiums, which have further stretched Florida affordability that was already strained by high home prices and insurance premiums.

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Housing Market Marketing Insurance Inventory 78

Lamacchia Realty

JUNE 21, 2021

For almost 12 months, the market inventory has been so low that buyers have become used to bidding wars. It was rare to find a properly priced home for sale that wasn’t receiving multiple over-asking offers after a mobbed open house. This means that more inventory is lingering on the market now that more homes are being listed.

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