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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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 Real Estate Heats Up Across U.S., The post Real Estate Heats Up Across U.S.,

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Real Estate Home Value Realtors Housing Market 305

Appraisal Buzz

DECEMBER 30, 2024

The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! The real estate professionals make their best predictions based on data, but no one can know whats going to happen with 100% accuracy.

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Appraisal Buzz

FEBRUARY 17, 2025

However, its important to note that a large number of homes are lying on the market, which results in an accumulation of stale listings, which is one reason why supply is increasing. The rate-lock effect is letting up a bit here in Seattle, said local Redfin Premier real estate agent David Palmer. Below 4% : 55.2% Below 3% : 21.3%

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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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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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Housing Wire

FEBRUARY 10, 2021

The Seattle-based company , which has mostly pivoted from selling advertising to real estate agents into iBuying, acquired 1,789 homes in the fourth quarter. That was just two more homes than they had acquired a year prior, just before COVID-19-related shutdowns froze the business in place. through December 2021.

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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% According to a HousingWire analysis in October 2023, ”the median amount paid in real estate taxes in the U.S. This was based on analysis of U.S.

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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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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

JANUARY 25, 2021

Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. 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%

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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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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 497

Housing Wire

NOVEMBER 7, 2023

In the first half of 2022, home prices in the county were on fire, jumping up by 40% year over year in some neighborhoods as people were pushed out of pricier Austin. single-family home was $3,901, up 3% compared to 2021, ATTOM reported. But home values and taxes have shot up in several neighborhoods.

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Property Taxes Home Value Government Valuation 541

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. 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.

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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% higher than it was just three months ago, according to Zillow ’s March Real Estate Market Report. The cost of a 30-year mortgage on the typical U.S.

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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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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

AUGUST 16, 2024

The study is based on an analysis of county-level home purchase records across 39 of the most populous U.S. Redfin said it defines an investor “as any institution or business that purchases residential real estate, meaning this report covers both institutional and mom-and-pop investors.” metro areas going back to 2000.

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Housing Wire

MAY 24, 2023

This homebuying season – and year-round – industry professionals must do their part to ensure home buyers understand the threat of real estate wire fraud and how they can protect themselves. As home values rise, so do the loss amounts from these scams. As home values rise, so do the loss amounts from these scams.

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Real Estate Buyers Real Estate Agent Sellers 397

Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. nationally since 2004 and roughly 5% the past two years, based on the most recent industry data from 2021.

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Insurance Legal Fees Government Real Estate 493

Housing Wire

OCTOBER 14, 2021

Over the same time period, home values grew 31.2%. In the past two years, prices have grown an additional 22%, which should come as no surprise, as more than half of homes sold this past July went for above list price and there appears to be no end in sight, as Goldman Sachs predicts that home prices will rise another 16% in 2022.

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Buyers Housing Market Real Estate Agent Real Estate 539

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 493

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.

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Sellers Marketing Market Value Home Value 435

Appraisal Buzz

AUGUST 16, 2024

year-over-year—the largest increase since mid-2022, according to a new report by Redfin, a real estate brokerage. Investors bought approximately one out of every six homes sold in the quarter, representing $43 billion in transactions, marking a 13.7% Investor activity in the U.S. increase from a year earlier.

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Investors Property Taxes Housing Market Real Estate 370

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs).

Marketing 397

Marketing Contracts Finance Home Value 397

Housing Wire

JULY 19, 2022

In the 2021 NextGen homebuyer research, two in three stated they did not think lenders were trustworthy or reliable. Blockchain will create a lot more efficiency in all transactions, including real estate, said Park. The future isn’t human versus machine on home values. Their research shows the U.S.

Mortgage 448

Mortgage Loan Officers Technology Real Estate 448

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 a year earlier.

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Lending Home Value Mortgage Renovations 459

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

JUNE 10, 2022

Because homeownership is traditionally considered one of the surest routes upward in a socially mobile society and the primary means by which Americans accumulate wealth, the inability to buy a home puts much more than just the real estate market in jeopardy. That’s up 10 percentage points from early 2018. year-over-year.

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Housing Wire

OCTOBER 20, 2022

in the third quarter, according to a new report from real estate data company ATTOM. This is the first decline in home prices in almost three years, down from 57.6% in the second quarter, with median national home values dropping 3% quarterly to approximately $340,000, the report said. of sales in Q3 of 2021.

Sellers 435

Sellers Investing Housing Market Real Estate 435

Housing Wire

JANUARY 9, 2023

With many homebuilders feeling the impact of rising mortgage rates on new-home sales, delivering units for rent is expected to continue to become a larger segment of the overall single-family housing market.”. Redfin defines investors as any institution or business that acquires residential real estate. metro areas.

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Housing Market Marketing Construction Development 545

Housing Wire

JANUARY 31, 2021

Portfolio Insights & Monitoring also has add-on options for Total Home Value, TrueStandings ® , Tax Portfolio Monitoring, Flood Adequacy, TaxWatch ® , Hazard Impact Reporting, Pre-Event Hazard Analysis, CoreLogic Real Estate Analytics Solutions, MLS Triggers, Loan Payoff Solution and the company’s patented Propensity Models.

Mortgage 435

Mortgage Valuation Clients Home Value 435

Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors.

Marketing 370

Marketing Lending Investors Real Estate 370

Housing Wire

JULY 25, 2022

Freddie Mac projects that home-price growth will average 12.8% By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. trillion in 2021,” the agency’s quarterly forecast states. Cleveland — Residential construction and real estate activity softened further amid rising interest rates.

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Housing Market Marketing Supply Chain Real Estate 418

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 397

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 448