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

FEBRUARY 22, 2023

billion in net income recorded in the third quarter of 2022, though it represented a 36% decline from a year prior. We expect to accomplish these objectives by leveraging our talented workforce, collaborating with market participants to find new solutions, and continuously working to effectively manage risk. billion in 2021.

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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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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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Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% in September 2022. The overall U.S. It did not hit 6.7%

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Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). One of those deals made its way to the market this year.

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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.

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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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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. as of December — with an estimated 5.7

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Appraisal Buzz

OCTOBER 8, 2024

In wake of the Fed’s recent rate cut last month, hesitant Americans are becoming open to the idea of entering the market to begin their homebuying journey. However, people actually need homes to do so. Across these 50 metro areas, the vacancy rate increased somewhat from 7.22% in 2022 to 7.37% in 2023. Census Bureau.

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Appraisal Buzz

JUNE 20, 2024

home , currently valued at $360,681, up 4.3% With so few available, buyers may have to wait even longer for the right home to hit the market, especially now that buyers can afford less. metropolitan areas, the typical home is affordable to a median-income household with less than 20% down. year-over-year.

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Housing Wire

SEPTEMBER 7, 2022

Price corrections are coming to housing markets across the United States, Black Knight said following July’s home price decline from June. Relatedly, tappable home equity is expected to pull back in the third quarter as equity-rich markets already saw declines in July. . While July’s home price grew 14.5%

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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.

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Housing Wire

NOVEMBER 7, 2023

And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I The market has since cooled off, but taxes are going up. In 2022, the average tax on a U.S.

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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

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. But they “are now able to fund a comfortable retirement using the wealth stored in their homes,” according to the report.

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Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. The housing market won’t be like this forever.

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Empire Appraisal Group

JULY 13, 2023

s Fastest Rising Home Values? Home values near a S. MIAMI – Home values for properties near South Florida’s expanding rapid transit rail system are appreciating faster than other homes in the region. s Fastest Rising Home Values? Bethesda, MD (301) 215-4688 Source: [link] The post S.

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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. That figure declined by $1.17

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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

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 mortgage insurance market in 2023 to deteriorate.

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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. One of those deals made its way to the market this year. billion in 2021 to $4.6

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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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Inman

FEBRUARY 7, 2023

Where are home prices falling? Let's map out the 253 cities that saw quarterly declines in the final three months of 2022. But there are indications that this isn't a repeat of the 2008 crash.

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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. Trust your REALTOR® to sell your home for what it’s worth.

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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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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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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 trillion in June, rising home prices have driven mortgage holder equity to a new peak of $17.6 of underlying home values, down from 44.6% year-over-year.

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. So, while the rate of home-price gains is trending downward, home values are still appreciating overall.

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Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors.

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Inman

FEBRUARY 3, 2023

Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels.

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Housing Wire

MARCH 15, 2024

Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 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.

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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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Inman

MARCH 14, 2023

cities where the typical home value was $1 million or more has dropped from a high of 522 in July 2022 to 464 as of January 2023. The number of U.S.

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Housing Wire

NOVEMBER 14, 2022

Amid the surging rates, the refinance market is nearing the bottom. drop in rate/term refi, according to Black Knight ’s origination market report. With interest rates now at their highest level in 20 years, the refi market is rapidly approaching a bottom,” Scott Happ, president of Optimal Blue, a division of Black Knight, said.

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Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. Over the past three years, the real estate market has seen unprecedented milestones. 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. Sales Volume.

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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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