Appraisal Buzz

NOVEMBER 6, 2024

The report, titled “ Who Will Buy the Baby Boomers’ Homes When They Leave Them? An Update ,” provides updates to a 2022 study that examines overall housing supply in the U.S. According to the RIHA study , as of 2022, Boomer homeowners numbered 32 million, and represented nearly 41% of all homeowners in the United States.

Home Value 458

Home Value Buyers Mortgage Marketing 458

Housing Wire

APRIL 13, 2021

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. “If Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

NOVEMBER 18, 2024

Home insurance premiums have climbed 45% from 2017 to 2022, contributing to a slowing sales market. In California, where housing affordability is a longstanding issue, low inventory and intense competition have driven the average home value to $771,057, with Los Angeles nearing $947,245, according to Zillow data.

Real Estate 350

Real Estate Agents Real Estate Agent Marketing 350

Lamacchia Realty

APRIL 17, 2024

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer.

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Home Value Buyers Realtors Realty 74

Appraisal Buzz

OCTOBER 8, 2024

Across these 50 metro areas, the vacancy rate increased somewhat from 7.22% in 2022 to 7.37% in 2023. In contrast to 2022, vacancy rates decreased in Tampa from 12.15% but increased in New Orleans and Miami from 13.88% and 12.65%. Miami, New Orleans, and Tampa, FL, have the greatest rates of vacancy. 11.81% and 12.92%, in that order.

Home Value 418

Home Value Housing Market Marketing Investors 418

Appraisal Buzz

AUGUST 19, 2024

The record high in home prices—the median sale price nationally increased by 4% in June—has led to a record high in the percentage of American homes valued at $1 million or more. Recent declines in mortgage rates have given buyers a small respite, increasing their purchasing power by tens of thousands of dollars.

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Appraisal Buzz

NOVEMBER 19, 2024

In many cases, investors and all-cash buyers have stepped in to fill the void, purchasing these homes and either flipping them for a profit or using them for rental income. However, the stock of low-cost homes declined from 2007 to 2022 due to home price appreciation. particularly in low-income communities.

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Appraisal Buzz

OCTOBER 18, 2024

This was due to the leveling of home prices: After bouncing up in the spring and then flattening, the median home value was virtually unchanged at the end of the third quarter at about $360,000. Home values remained at or near record levels around large swaths of the country, keeping seller profits far above historical levels.

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Housing Wire

MARCH 31, 2021

As work-from-home becomes more of a national norm, prospective homebuyers are seeking better home values in small towns that still offer a lot of amenities. “I’m booked all the way until 2022,” he said. With a median listing price of $92,000, Bay City is luring people from all over the country. .

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Buyers Investors Realtors Agents 418

Eppraisal

MAY 31, 2022

Nowadays home buyers want to purchase homes that are updated. Updated homes will garner higher home values. Among the key updates important to today's buyers are exterior and interior paint colors. The dominent impression is the home's colors.

Home Value 69

Home Value Buyers Real Estate Agent Design 69

Housing Wire

NOVEMBER 28, 2023

That’s because the FHFA’s conforming loan limit increase is based on a formula related to home-price data in the third quarter of each year. The regulator compares home prices year over year and adjusts the limit by the corresponding amount. Ultimately, the FHFA announced a 12.21% increase in loan limits for 2023.

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Finance Government Law Home Value 534

Housing Wire

JULY 25, 2024

According to data from the Survey of Consumer Finances maintained by the Federal Reserve , the share of Americans ages 75 and older who have mortgage debt has risen from 5% in 1995 to 25% in 2022. A number of reasons have been offered by experts for these changes.

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Mortgage Home Value Finance Buyers 468

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. .

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Inventory Home Value Housing Market Buyers 472

Appraisal Buzz

JULY 18, 2022

Unless you’re living under a rock, you have heard that interest rates have been rapidly increasing since Q1 of 2022. It consistently climbed to 3.76% as of March 3, 2022, and as of the date I’m writing this, it is 5.81%. Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market.

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Sellers Marketing Market Value Home Value 435

Housing Wire

MAY 24, 2023

For many buyers, closing day represents the beginning of the next chapter in their lives – having a new place to celebrate important milestones and create new memories. Unfortunately, as buyers are preparing for this momentous day, wire fraud – a scam in which cybercriminals attempt to steal buyers’ hard-earned money – poses a serious threat.

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Real Estate Buyers Real Estate Agent Sellers 394

Appraisal Buzz

OCTOBER 17, 2024

The nationwide investment return ticked downward as home-price spikes that had buoyed the housing market during the spring of this year flattened out, leaving the U.S. median home value virtually unchanged at approximately $360,000. from Q3 of 2023, and remained near the record of $135,000 hit in 2022.

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Sellers Home Value Investing Housing Market 221

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% Despite the renewed investor interest, overall home purchases in the U.S.

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Investors Property Taxes Housing Market Real Estate 370

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. There is some variance in 2023 activity, though.

Housing Market 418

Housing Market Inventory Real Estate Marketing 418

Housing Wire

AUGUST 16, 2024

The number of home purchases by investors rose 3.4% year over year in Q2 2024, the largest increase since Q2 2022, according to a report published Thursday by Redfin. home purchases fell 1.9% during the same period, which Redfin attributed to elevated mortgage rates and home prices. In comparison, total U.S.

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Investors Tenants Real Estate Property Taxes 462

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. in September 2022. They eased below 6.5%

Housing Market 458

Housing Market Marketing Inventory Sellers 458

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. Presented by: Doma.

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Buyers Housing Market Real Estate Agent Real Estate 539

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 affected buyers and sellers.

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Sellers Buyers Home Value Marketing 78

Housing Wire

MARCH 29, 2023

Pending home sales decreased in all four regions compared to one year ago. from February 2022. Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.” The number of pending homes in the Northeast rose 6.5% from February 2022.

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Contracts Realtors Home Value Housing Market 319

Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. In 2022 we saw this raging market hit a large bump in the road. The higher rates resulted in larger mortgage payments which took many buyers out of the market. It’s important for sellers to recognize this or the home they are selling may be overpriced and it will take longer to sell.

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Housing Market Marketing Inventory Sellers 87

Lamacchia Realty

DECEMBER 8, 2021

In certain high-cost areas, which is defined as an area where 115% of the median home value is exceeds the baseline conforming loan limit, the limit will now be $970,800. home price. Why are Home Prices so high? What to Know as a Buyer. Buyer Resources. Additional Resources. April 8, 2021. Read More ».

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Buyers Inventory Realty Home Value 78

Raleigh Realty

JULY 12, 2022

Let’s take a deep dive into emerging data in Wake County from 2022 and narrow down on key Raleigh real estate trends. Statista) The average home in Wake County sold for 105.4 of its original list price in Q1 of 2022. Census data, there are 195,659 occupied homes in Raleigh, while 12,455 are vacant.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Home prices decelerated for seven consecutive months in October, according to the latest S&P CoreLogic Case-Shiller National Home Price Index , posting a yearly gain of 9.2%.

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Housing Market Marketing Insurance Mortgage 471

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! stares down the barrel of a considerable economic downturn.

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Finance Real Estate Agent Real Estate Insurance 477

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 billion in 2021 to $4.6

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Lending Home Value Mortgage Renovations 459

Housing Wire

JANUARY 3, 2024

That’s a problem when a typical Colorado home – as defined by Zillow ‘s Home Value Index – costs more than $528,000. When teachers can’t afford to buy homes, school districts can’t hire teachers. Housing teachers Aspen is famous for ski slopes and luxury housing.

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Landlords Home Value Construction Renovations 484

Appraisal Buzz

SEPTEMBER 5, 2024

The panel’s latest estimates of national home price growth are higher than last quarter’s expectations of 4.3% Terry Loebs , Founder of Pulsenomics, said: “Despite robust home value growth in the first half of 2024, our panelists anticipate a slowdown in price appreciation for the remainder of the year and beyond. in mid-2022.

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Construction Inventory Housing Market Contracts 459

Empire Appraisal Group

DECEMBER 1, 2022

Buyers Waited for Falling Prices? Source: Buyers Waited for Falling Prices? Some buyers waited for bargain homes that appeared after the Great Recession – but to counter higher mortgage rates, year-to-year prices have to drop 45%. © Copyright 2022 INFORMATION INC., The post Buyers Waited for Falling Prices?

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Buyers Realtors Mortgage Appraisal 78

Housing Wire

OCTOBER 20, 2022

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. Despite this drop, investment returns for home sellers is still up from 48.8% Metro results for home sellers.

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Sellers Investing Housing Market Real Estate 428

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. Prior to the pandemic, buyers paid closer to 0.5 December did see home values post their sixth consecutive monthly decline, and prices at the national level are now 5.3%

Inventory 397

Inventory Mortgage New Listings Home Value 397

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. Home prices are beginning to fall from post-pandemic peaks but remain up 12.1% as of Sept.

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Inventory Home Value Housing Market Mortgage 529

Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. Michael Chew: First, consider the first half of 2022; some areas were still dealing with or just coming out of pandemic -related foreclosure moratoriums and restrictions.

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Inventory Technology Design Tools 429

Quicken Loans

DECEMBER 16, 2021

In addition, home values and sales skyrocketed. So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. Here are a few housing market predictions for 2022 to help you prepare for the market’s future. And this trend will likely continue, and grow, into the year 2022.

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Housing Market Marketing Inventory Real Estate 78