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. .

Inventory 488

Inventory Home Value Housing Market Buyers 488

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% of mortgage holders have less than 10% equity in their homes. Total mortgage debt is now equivalent to 44.1% year-over-year.

Home Value 397

Home Value Inventory Mortgage Lending 397

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.” Locating pockets of affordability In 10 major U.S. Lucie, Florida, which experienced a 5.7%

Home Value 397

Home Value Buyers Housing Market Inventory 397

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% Prices, however, are still up 1.5%

Inventory 418

Inventory Home Value Housing Market Mortgage 418

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.

Inventory 435

Inventory Technology Design Tools 435

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.

Marketing 195

Marketing New Listings Home Value Inventory 195

Housing Wire

JULY 29, 2022

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. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022. Table 2: 10 Hottest Housing Markets out of the Top 250 Metro Areas, June 2022.

Housing Market 435

Housing Market Sellers Marketing New Listings 435

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

Inventory 488

Inventory Housing Market Mortgage Law 488

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.

Construction 459

Construction Inventory Housing Market Contracts 459

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 397

Real Estate Agents Real Estate Agent Marketing 397

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. 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

JANUARY 16, 2024

Empty-nester baby boomers own roughly twice as many of the nation’s three-bedroom-plus homes as millennials with children, according to a report from Redfin published on Tuesday. Census data from 2022, that breaks down the share of three-bedroom-plus homes owned and occupied by each generation, by household type and size.

Inventory 493

Inventory Home Value Mortgage Buyers 493

Housing Wire

MAY 9, 2022

billion in 2020, an increase that ALTA attributed to historic mortgage origination activity and the substantial increase in home values. Incredibly low mortgage rates (led) to an unprecedented increase in real estate transactions and substantially higher home values,” Diane Tomb, the CEO of ALTA said in a statement.

Insurance 370

Insurance Home Value Inventory 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

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. Even though the inventory has lately increased, many homeowners are locked in by low rates, thus it is still roughly 30% below pre-pandemic levels.

Home Value 396

Home Value Luxury Properties Buyers Inspection 396

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%.

Housing Market 476

Housing Market Marketing Insurance Mortgage 476

Housing Wire

MARCH 29, 2023

Pending home sales decreased in all four regions compared to one year ago. from February 2022. Although inventory has increased from February of last year, the number of homes available for sale is just half of what it was three years ago. The number of pending homes in the Northeast rose 6.5% from February 2022.

Contracts 321

Contracts Realtors Home Value Housing Market 321

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Both pose threats to access to capital, the cost of materials and labor, and future housing values. as of November 2022. Riding a cresting wave.

Housing Market 545

Housing Market Marketing Construction Development 545

Housing Wire

MARCH 23, 2022

Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. Regionally, new home sales increased month over month in the Northeast (59.3%) and the Midwest (6.3%), but fell in the South (-1.7%) and the West (-13.0%). This is an increase of 3.3%

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Supply Chain Housing Market Buyers Construction 397

Housing Wire

JULY 25, 2022

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. Freddie Mac projects that home-price growth will average 12.8%

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

JULY 26, 2022

Housing data for May 2022 continued strong, as price gains [nationally] decelerated slightly from very high levels,” says Craig J. National Home Price Index is a leading measure of housing prices. Accordingly, a more-challenging macroeconomic environment may not support extraordinary home-price growth for much longer,” he concluded.

Housing Market 370

Housing Market Inventory Retail Home Value 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.

Marketing 435

Marketing Government Mortgage Sellers 435

Housing Wire

DECEMBER 1, 2022

.” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.” Single-family home sales are projected to drop to 4.42 Inventories fell again on a year-over year basis in most markets. million in 2023 from 5.67 trillion from $2.34

Housing Market 370

Housing Market Marketing Construction Inventory 370

Housing Wire

AUGUST 25, 2022

With 2022 more than halfway behind us, economic indicators continue to forecast minimal refinance volume while purchase volume faces its own headwinds. In fact, remodeling expenditures set a new annual high of $391 billion in Q1 of 2022 – a number that’s difficult to ignore.

Lending 418

Lending Valuation Appraisal Process Appraisal 418

DW Slater Company

FEBRUARY 23, 2023

The biggest answer is inventory. The inventory is still at very low levels. No longer are homes selling above list price (see Percent of Orignal Price chart below ) In fact they are selling at a more reasonable 5% below list price. Until we have more inventory, prices will hold.

Inventory 133

Inventory Marketing Supply Chain Appraisal 133

Lamacchia Realty

DECEMBER 24, 2024

Single families: $898,269 (2023) | $991,574 (2024) Condos & Townhomes: $519,419 (2023) | $521,826 (2024) Homes Listed For Sale in South Florida: T he number of homes listed is up by 5.4% 2024: 9,931 2023: 9,425 2022: 8,371 Pending Home Sales in South Florida: The number of homes placed under contract is down by 4.1%

Real Estate 69

Real Estate Home Value Buyers Sellers 69

Lamacchia Realty

DECEMBER 24, 2024

Single families: $477,564 (2023) | $482,958 (2024) Condominiums: $490,973 (2023) | $497,329 (2024) Multi-families: $472,635 (2023) | $543,962 (2024) Homes Listed For Sale: T he number of homes listed is down by 7% when compared to November 2023. Instant Home Evaluation See immediately how this market is impacting your home value.

Real Estate 69

Real Estate Sellers Home Value Inventory 69

Lamacchia Realty

DECEMBER 24, 2024

Single families: $608,389 (2023) | $628,629 (2024) Condominiums: $402,480 (2023) | $483,392 (2024) Multi-families: $528,155 (2023) | $612,108 (2024) Homes Listed For Sale: T he number of homes listed is up by 0.4% 2024: 1,086 2023: 1,082 2022: 1,173 Pending Home Sales: The number of homes placed under contract is up by 28.3%

Real Estate 69

Real Estate Sellers Home Value Buyers 69

Housing Wire

JULY 28, 2023

As a result of the limited supply, still-rising prices and elevated mortgage rates, sales activity for starter homes has stifled. home , assuming a 20% downpayment, rose 12.4% from June 2022, according to Realtor.com economic researcher Hannah Jones. asking rent is just $24 shy of the $2,053 peak hit in 2022.

Buyers 370

Buyers Housing Market Investors Real Estate 370

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.

Insurance 370

Insurance Mortgage Lending Clients 370

Lamacchia Realty

DECEMBER 24, 2024

Single families: $698,107 (2023) | $728,237 (2024) Condominiums: $608,752 (2023) | $652,668 (2024) Multi-families: $658,276 (2023) | $776,132 (2024) Homes Listed For Sale: T he number of homes listed is down by 13% when compared to November 2023. Instant Home Evaluation See immediately how this market is impacting your home value.

Real Estate 69

Real Estate Home Value Sellers Buyers 69

Lamacchia Realty

DECEMBER 24, 2024

Single families: $558,496 (2023) | $604,560 (2024) Condominiums: $532,461 (2023) | $460,780 (2024) Multi-families: $469,320 (2023) | $540,144 (2024) Homes Listed For Sale: T he number of homes listed is down by 9.3% 2024: 1,174 2023: 1,294 2022: 1,231 Pending Home Sales: The number of homes placed under contract is up by 6.4%

Real Estate 69

Real Estate Home Value Sellers Buyers 69

Housing Wire

MAY 9, 2022

Knowing that demand in the years 2020-2024 has had the potential to break out, I set a firm five-year home-price growth model of 23%. Breaking that threshhold would mean we are in unhealthy home-price growth land. That level lasted only two years, and home-price growth worsened early in 2022.

Housing Market 532

Housing Market Buyers Mortgage Marketing 532

Housing Wire

MAY 25, 2023

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. Actual cash required may vary and is based on age of youngest borrower, interest rate, home value, and other factors.

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Finance 418

Lamacchia Realty

DECEMBER 24, 2024

Single families: $553,944 (2023) | $597,105 (2024) Condominiums: $324,844 (2023) | $348,070 (2024) Homes Listed For Sale: T he number of homes listed is down by 8% when compared to November 2023. 2024: 2,536 2023: 2,756 2022: 2,616 Pending Home Sales: The number of homes placed under contract is up by 7.5%

Real Estate 69

Real Estate Home Value Sellers Buyers 69

Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. In 2022 we saw this raging market hit a large bump in the road. Sales Volume.

Housing Market 89

Housing Market Marketing Inventory Sellers 89

Lamacchia Realty

NOVEMBER 27, 2024

Loan limit increases are correlated to rising prices- the national average home sale price rose by 5.21% which helped determine the 5.2% The rise in prices in 2024 despite the changing market, inflation, and global uncertainty was due to constrained inventory and high demand. increase in limits for 2025.

Realty 68

Realty Home Value Government Inventory 68