Real Estate News

FEBRUARY 24, 2023

A new Redfin report found the total value of U.S. homes has dropped $2.3 trillion since June 2022, with the biggest declines in the San Francisco Bay Area.

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Housing Wire

SEPTEMBER 13, 2022

Home-equity lending is on a roll this year, with the combined volume of home-equity lines of credit (HELOCs) and traditional closed-end home equity loans up 47% from January to May of 2022, compared with the same period last year. That deal, dubbed GRADE 2022-SEQ2, was a $198.6 billion in 2021 to $4.6

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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. In 2022, the average tax on a U.S. single-family home was $3,901, up 3% compared to 2021, ATTOM reported. But counties do assessments in different ways.

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Property Taxes Home Value Government Valuation 540

Inman

SEPTEMBER 13, 2023

Home values are now 11.4 2022, Zillow said. percent lower in Austin, Texas, than they were in Aug. Nationally, prices were up slightly from July to August.

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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.

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Appraisal Buzz

JUNE 20, 2024

rise in population growth between July 2022 to July 2023, and the typical home value was $399,038 Atlanta, Georgia, which experienced a 2.4% rise in population growth between July 2022 to July 2023, and the typical home value was $400,820 Fort Worth, Texas, which experienced a 2.2%

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Home Value Buyers Housing Market Inventory 397

Housing Wire

FEBRUARY 23, 2024

of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down payment, compared to 12.5% While home values are relatively lower in these communities and more Black families can afford the typical mortgage payment, access to homeownership remains a challenge. About 7.8% percentage points. About 13.3%

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Mortgage Home Value Lending Real Estate 398

Housing Wire

SEPTEMBER 27, 2023

Take the Zillow Home Value Index. It measures the typical home value for single-family residences, condominiums and co-ops in the 35th to 65th percentile within their region. For the nation as a whole, home values have hardly changed since August 2022 by Zillow’s estimation in its Home Value Index.

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Appraisal Buzz

MAY 24, 2022

Woodinville, Washington, is Zillow’s most popular market of early 2022, leading a list of fast-growing suburbs as the most in-demand places to start off the year. As more data emerges that remote work is a driving force behind fast home value growth in the suburbs, expensive suburban markets are seeing strong demand.

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Housing Wire

APRIL 4, 2024

property taxes on single-family homes rose twice as fast in 2023 as they did in 2022, with a total of $363.3 million single-family homes in the U.S. but was nearly half that in 2022, standing at 3.6%. amid a combination of declining home values and rising tax bills,” according to an Attom news release.

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Housing Wire

MARCH 13, 2024

homes, valued at $19.7 “It’s important for people to fully understand the climate risks that a home faces not only in the present, but in the future, so they can make the most informed decision for one of the biggest purchases and investments they will make in their life.” of homes in the U.S.,

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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.

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Home Value Housing Market Marketing Investors 418

Appraisal Buzz

JANUARY 4, 2022

Zillow predicts that the housing market will cool in 2022, but a number of hotspots have roared to life over the past two years show no signs of slowing. The post Florida Markets Expected to Remain Hot in 2022 appeared first on Appraisal Buzz.

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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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Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022. The average U.S. trillion gain in U.S.

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Housing Wire

DECEMBER 26, 2023

In fact, home prices climbed 6.3% from October 2022 to October 2023, compared to 5.5% Meanwhile, home prices in the Mountain division were 2.6% higher in October 2023 compared to the same period in 2022, the lowest gain in the index. However, the data shows it slowed down compared to the previous month.

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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 grew by 4.91% during Q1 2022 — when it first topped $11 trillion.

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Housing Wire

FEBRUARY 20, 2024

In 2022, the typical worker age 65 or older earned $22 per hour, up from $13 in 1987,” Pew reported. That equates to a 45% increase in overall net worth, which can largely be attributed to rising home values and retirement account balances. Earnings for younger workers haven’t grown as much.

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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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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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Housing Wire

DECEMBER 12, 2023

Fannie Mae conducted an online survey in late 2022 among a national panel sample whose addresses were in or near a Federal Emergency Management Agency ( FEMA ) defined flood zone. Premiums are rising About 24% of the surveyed respondents said flood insurance is not very or not at all affordable in 2022, compared to 25% in 2020.

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Housing Wire

NOVEMBER 26, 2024

However, these increases also spark ongoing debate over whether government-backed mortgages should cover amounts nearing $1 million—a threshold first reached in 2022. increase 2022: $647,200 — 18% increase 2023: $726,200 — 12.2% 2016: $417,000 2017: $424,100 — 1.7% increase 2018: $453,100 — 6.8% increase 2019: $484,350 — 6.8%

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Appraisal Buzz

AUGUST 5, 2024

Record-breaking equity and eased leverage The growth in home equity has outpaced the rise in mortgage debt, reducing overall market leverage. of underlying home values, down from 44.6% Regional concerns In Texas, home prices in Austin are over 15% below their 2022 peaks, resulting in 2.6% year-over-year.

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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

Appraisal Buzz

NOVEMBER 19, 2024

Richardson Economic Consulting found that as of 2022, there were still large numbers of owner-occupied homes assessed at $150,000 or less in each of the three cities studied, particularly in distressed areas. However, the stock of low-cost homes declined from 2007 to 2022 due to home price appreciation.

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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%

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Housing Market Marketing Inventory Sellers 445

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%. Therefore, it begs the question: what will happen to home values? I waived no contingencies.

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Sellers Marketing Market Value Home Value 435

Appraisal Buzz

JANUARY 28, 2022

The 2022 housing markets across the U.S. According to the National Association of Realtors, home values increased by 16.9% are still experiencing the groundbreaking demand that arose during the early stages of the pandemic nearly two years ago. in 2021, the highest year-over-year increase since 1999.

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Housing Wire

JANUARY 2, 2023

These declines, of course, came after very strong price increases in late 2021 and the first half of 2022,” Craig Lazzara, the managing director of S&P DJI , said in a statement. The Case-Shiller 20-city home price index posted a 8.6% In September , the index recorded a year-over-year increase of 10.7%. Month over month, the U.S.

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Home Value Housing Market Contracts Sellers 391

Housing Wire

OCTOBER 3, 2022

home prices seeing essentially a decade’s worth of appreciation in just two-and-a-half years,” added Ben Graboske, Black Knight’s president of Black Knight data & analytics. Home prices are beginning to fall from post-pandemic peaks but remain up 12.1% Raleigh and Nashville have all shed 3% of home value in recent months.

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Inventory Home Value Housing Market Mortgage 529

Housing Wire

JANUARY 29, 2024

Despite looking a bit different at the end of 2023, there were a lot of similarities in the full-year Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) issuance tables when compared to recent years. One thing that is much different compared to 2022, however, is total issuance. AAG Hold* 2 Longbridge 21.5% market share.

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Mortgage Finance Home Value Design 391

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. This is more than twice the 4% proportion that existed prior to the epidemic and up from 7.6% a year earlier.

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Housing Wire

SEPTEMBER 7, 2022

According to Black Knight, the impact of home price declines is twice as pronounced on tappable equity levels, which is defined as the amount a homeowner can borrow against while keeping a 20% equity stake. A national home price decline of 5% would result in just 0.9% After hitting a 10th consecutive quarter record of $11.5

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Housing Market Marketing Home Value Lending 451

Housing Wire

MARCH 25, 2024

In 2018, the average borrower paid $1,081 per year for a single-family, owner-occupied home with a conventional 30-year fixed-rate mortgage. from 2022 and up 40.8% per $1,000 of their home’s value in 2023, compared to $4.70 per $1,000 of their home’s value in 2023, compared to $4.70 per $1,000 in 2018.

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Insurance Home Value Mortgage Marketing 389

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 431

Housing Wire

JANUARY 9, 2023

Both pose threats to access to capital, the cost of materials and labor, and future housing values. The National Association of Home Builders (NAHB) also recognizes the potential of the build-for-rent (BFR) sector. Housing starts as of November 2022 were “down 32% since February , when mortgage rates began to rise,” NAHB reports.

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Housing Market Marketing Construction Development 545

Appraisal Buzz

JANUARY 28, 2022

The 2022 housing markets across the U.S. According to the National Association of Realtors, home values increased by 16.9% This surge in demand is pressuring the diminishing … The post Hot Market Homes Selling at Record Speeds appeared first on DSNews. in 2021, the highest year-over-year increase since 1999.

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Marketing Home Value Realtors Housing Market 284