Housing Wire

MARCH 13, 2024

The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. insurers have grappled with exponential growth in natural disaster claims. homes, valued at $19.7 of homes in the U.S., valued at nearly $7.7 And about 9% of homes, valued at nearly $6.6

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Tools Insurance Home Value Technology 468

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

JANUARY 18, 2023

The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. mortgage insurance market in 2023 to deteriorate. mortgage insurance sector,” Christopher Grimes, director of Fitch Ratings, said.

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Housing Market Marketing Insurance Mortgage 476

Housing Wire

NOVEMBER 18, 2024

in October—fueled by rising housing and insurance costs—and mortgage rates having edged back above 7%, homeownership remains a distant goal for many living in the U.S. Yet each of these states faces unique real estate hurdles that shape the prospects for both home sales and rentals. inflation climbing to 2.6% Last year, 44.5

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Housing Wire

DECEMBER 27, 2022

In recent months, the canary has been chirping with far less exuberance as inflation (now above 7% annualized ), rising mortg a ge rates , declining home values and the potential of faster-rising unemployment spurred on by a potential recession in the coming year all grip the FHA sector. Over the past 14 years, FHA has insured 9.1

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Housing Wire

FEBRUARY 13, 2024

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. Of the $1 billion total, $730 billion has been deployed since 2022, and the company has issued more than 10,000 HEIs in total as of January.

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Investing Renovations Tools Real Estate 428

Appraisal Buzz

DECEMBER 30, 2024

Your monthly house payment on a 15-year fixed-rate mortgage will be 25% or less of your monthly take-home pay. A 20% down payment is ideal because youll avoid paying private mortgage insurance (PMI). But 510% is okay, too, if youre a first-time home buyer. You have a down payment. Just be prepared to pay PMI.

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Housing Market Marketing Inventory Real Estate 363

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! The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

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Finance Real Estate Agent Real Estate Insurance 482

Housing Wire

OCTOBER 18, 2024

It appears the rate inversion we’ve had since July of 2022 may soon end. Borrower must continue to pay all property charges including property taxes, homeowner insurance, HOA dues, and more. Consequently, the spread between the 10-year and the 1-year has narrowed. Graphics by Dan Hultquist.

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Mortgage HOA Property Taxes Home Value 448

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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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

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

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% of the most affordable homes that sold in the quarter. year-over-year.

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Investors Property Taxes Housing Market Real Estate 370

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. Although the U.S.

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Investors Tenants Real Estate Property Taxes 468

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.

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Housing Market Inventory Real Estate Marketing 418

Housing Wire

MAY 24, 2023

According to the Internet Crime Complaint Center (IC3)’s 2022 Internet Crime Report, business email compromise (BEC) – which includes real estate wire transfer fraud – has grown from $676 million in reported losses in 2017 to $2.7 billion in reported losses in 2022. 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

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . trillion — down by 15% compared with 2022. And 2022 was off by some 17% from 2021.

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Marketing Investing Investors Landlords 448

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) billion in 2022, down 41.3% from June 2022.

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Insurance Mortgage Lending Clients 370

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” So, while the rate of home-price gains is trending downward, home values are still appreciating overall. in 2022, the weakest showing since 2014.

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Marketing Government Mortgage Sellers 435

Housing Wire

JUNE 10, 2022

The National Association of Realtors (NAR) sounded the alarm last year saying, “first-time buyers, in particular, are having trouble securing that first home for a multitude of reasons, including not enough affordable properties, competition with cash buyers, and properties leaving the market at such a rapid pace.”. year-over-year.

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Real Estate Buyers Insurance Mortgage 418

Housing Wire

MAY 25, 2023

million, of those homes. If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. This down payment range assumes closing costs will be financed into the loan.

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Loan Officers Real Estate Agent Real Estate Finance 418

Housing Wire

APRIL 24, 2023

Census Bureau released the homeownership rates for 2022. The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. The overall U.S.

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Legal Housing Market Government Buyers 397

Housing Wire

MARCH 26, 2024

Then, the housing market takes off like a rocket with home values exceeding all expectations. The rate of inflation for 2021, 2022, and 2023 was 4.7%, 8.0%, and 4.1% and performing a calculation that compares the average weighted cost of this basket of goods at different points in time. respectively.

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Real Estate Law Property Taxes Marketing 459

Lamacchia Realty

DECEMBER 20, 2022

Property Insurance Reform in Florida Sets Out to Stabilize Market. Governor DeSantis signed two new bills which support disaster relief and overhauls Florida’s home insurance , for which rates have risen to the highest in the nation, with $4,232 as the average Florida premium- nearly triple the nationwide average. May 18, 2022.

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Insurance Marketing Home Value Realty 41

The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. Homes sales reached 14,210 in May 2022, a 1.8%

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Marketing Real Estate Investing Retail 78

Eppraisal

OCTOBER 18, 2024

The home insurance market is undergoing rapid changes, particularly in high-risk areas like California and Florida , where natural disasters have caused significant losses over the last few years. Disasters like fires in California and hurricanes in Florida have reshaped the home insurance landscape and what it means for homeowners.

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Insurance Marketing Home Value Buyers 36

Empire Appraisal Group

JUNE 16, 2022

Census Bureau data and moveBuddha proprietary data, as well as Zillow’s Home Value Index and Florida Housing Data. In 2022, the surge is so far being led by Californians and New Yorkers – each state represented, respectively, 10% of inbound moves to Florida as of early 2022, or about 20% collectively.

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Insurance Home Value Property Taxes Real Estate 78

Empire Appraisal Group

SEPTEMBER 26, 2024

Some of that is due to Hurricane Ian, which struck in September 2022, creating additional softening in Southwest Florida. 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

JANUARY 29, 2025

Rising insurance premiums added to the cost of homeownership, potentially affecting affordability. Despite rising costs, homeownership continued to be appealing due to fixed payments, equity growth, and potential tax benefits, highlighting its long-term value over renting. increase in new listings with both categories combined.

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Inventory Insurance Real Estate Buyers 66

Eppraisal

DECEMBER 9, 2022

As buying a home is one of the most important investment decisions you will ever make, it is crucial to understand the current real estate market before you dive in. Home values rose double digits, year-over-year, the past couple years? Also, keep in mind the exact location of the home you purchase.

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Real Estate Agent Real Estate Home Value Agents 68

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Risk to Home Values.

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Insurance Appraisal Contracts Mortgage 88

Eppraisal

APRIL 27, 2021

If you've been able to save for a larger down payment, you may qualify for a lower interest rate and you won't have to pay private mortgage insurance (PMI) if you're able to put 20% down on a conventional loan. Interest rates are still historically low, so it's a great time to borrow money to purchase your first home.

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Property Taxes Home Value Landlords Insurance 50

Appraisal Buzz

FEBRUARY 5, 2025

According to a recent UCLA Anderson Forecast analysis, the two biggest disasters that devastated Los Angeles County may have resulted in between $95 and $164 billion in total property and capital losses, with an estimated $75 billion in insured losses. billion were the total insurance claims. billion, $1.52 billion, $8.26 billion, $0.61

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Insurance Home Value Property Taxes Tenants 407

Eppraisal

OCTOBER 11, 2022

Home Values and Affordability A homeowner usually pays three parties for the privilege of ownership: the seller to convey the house; the lender to pay for the house; and the taxing authority to provide local services. From January to June of 2022, average sale prices rose by 17 percent.

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Property Taxes Insurance Home Value Government 36

Lamacchia Realty

NOVEMBER 27, 2023

Home sales in South Florida are down slightly, just 2% when compared to this time last year. Average sales price for both single-family and condos/townhomes remain well above 2022. Instant Home Evaluation See immediately how this market is impacting your home value. What does this mean for Buyers ?

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Lamacchia Realty

DECEMBER 21, 2023

We expect this trend to continue as stricter regulations and increased insurance premiums are creating challenges for current owners. Inventory levels in South Florida have risen substantially over the last few months – currently 15% above 2022 levels. What’s next?

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New Listings Real Estate Inventory Sellers 69

Listing Spark

OCTOBER 13, 2022

00:02:50] Peaking into the Fall 2022 Austin housing market. The Austin market has cooled down significantly since 2021 and early 2022. There is more inventory available and home sales are down. In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%.

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Housing Market Real Estate Marketing Buyers 36