Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market.

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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. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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Housing Wire

FEBRUARY 4, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. housing market this year, and we’ll find out which one wins. 2022 Forecast series. What are the drivers of housing demand in 2022?

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Housing Wire

NOVEMBER 7, 2022

High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate from the housing market in the third quarter of 2022, according to Black Knight ’s mortgage monitor report. Equity among mortgaged homes dropped by about $1.5 trillion in the second quarter of 2022. in September, a 1.2%

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Housing Wire

FEBRUARY 22, 2023

billion in net income recorded in the third quarter of 2022, though it represented a 36% decline from a year prior. Provision for credit losses for the fourth quarter of 2022 came in at $600 million, up from $100 million in the fourth quarter of 2021. Its fellow GSE , Fannie Mae , similarly saw its net income sink in 2022.

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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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Housing Wire

SEPTEMBER 27, 2023

That favors markets in the Northeast and Midwest, where prices are lower, and comes at the expense of markets in the West, where prices are higher, recently published data from Zillow suggest. Take the Zillow Home Value Index. It is smoothed and seasonally adjusted, and data for August were published Sept.

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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

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

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Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. The Fed report shows HELOC balances nationwide stood at a total of $336 billion at yearend 2022.

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Appraisal Buzz

JUNE 20, 2024

In fact, down payment assistance providers have responded to the difficult housing market by increasing the number of programs offered and expanding inventory options with support for manufactured homes and owner-occupied multi-unit homes.” million in order to afford a mortgage payment on a typical home.

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Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. increase over the current $766,550 cap for 2024, aligning with home price trends. The new limit reflects a 5.2% increase

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Appraisal Buzz

OCTOBER 8, 2024

To rank the 50 largest metro areas in the US by percentage of vacant homes, LendingTree examined the most recent data from the American Community Survey conducted by the U.S. They also examined the causes, as knowledge of an area’s vacancy rate might be crucial to comprehending the general state and nature of its housing market.

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Housing Wire

JULY 25, 2023

As soon as we find a house that our clients love and we think they are going to write an offer on it, we immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem.

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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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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

DECEMBER 26, 2023

house prices increased year over year in October, according to the Federal Housing Finance Agency (FHFA) House Price Index. 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% in the Middle Atlantic division.

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Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values.

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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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Housing Wire

OCTOBER 3, 2022

Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter homebuying season. Home prices are beginning to fall from post-pandemic peaks but remain up 12.1%

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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

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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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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Housing Wire

JULY 6, 2022

Home price growth slowed in May, showing signs of a cooling housing market. But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in May from a revised 20.4%

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Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. When teachers can’t afford to buy homes, school districts can’t hire teachers.

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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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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% Housing Demands Rise appeared first on theMReport.com. are still experiencing the groundbreaking demand that arose during the early stages of the pandemic nearly two years ago.

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Appraisal Buzz

AUGUST 16, 2024

housing market saw a significant uptick in the second quarter of 2024, with purchases rising 3.4% year-over-year—the largest increase since mid-2022, according to a new report by Redfin, a real estate brokerage. Investors also maintained a strong presence in the market for lower-priced homes, purchasing 24.1%

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Appraisal Buzz

AUGUST 5, 2024

housing market has surged to a record $11.5 trillion in June, rising home prices have driven mortgage holder equity to a new peak of $17.6 Record-breaking equity and eased leverage The growth in home equity has outpaced the rise in mortgage debt, reducing overall market leverage. year-over-year.

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Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers. “We

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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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Inman

FEBRUARY 28, 2024

Despite slowing sales, the value of the U.S. housing market experienced record-breaking growth in 2023, according to Redfin's latest housing report. The total value of 90 million U.S. homes rose from $45.1 trillion in December 2022 to $47.5 trillion in December 2023 — a 5.3

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Housing Wire

NOVEMBER 19, 2024

Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housing market collapse of the late 2000s. billion) increase in senior home values during the second quarter, which was offset by a 0.89% (or $20.9

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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.

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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 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.

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