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Florida Markets Expected to Remain Hot in 2022

Appraisal Buzz

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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The State of the Rate 

Appraisal Buzz

In a new analysis by Redfin , 85.7% in mid-2022. of homeowners with mortgages have a rate below the current weekly average of 6.46%, prompting many to stay put instead of selling and buying another home at a higher rate—a phenomenon called the “lock-in effect.” in the second quarter of 2022. in the first quarter of 2022.

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Opinion: The end of seller speculation in US housing market

Housing Wire

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. Table 1, below, reports the 10 hottest U.S. Panama City, FL 39.7%

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Price Growth Begins to Moderate in Once-Hot Pandemic Boomtowns

Appraisal Buzz

Phoenix and Salt Lake City Show Major Price Gains During the Pandemic Four really strong markets in 2020, 2021, and 2022 were Austin, Texas; Boise, Idaho; Phoenix; and Salt Lake City, according to the CoreLogic Home Price Index. Like Boise, the other three metro areas peaked in the middle of 2022 before beginning to decline.

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Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

Let’s take a deep dive into emerging data in Wake County from 2022 and narrow down on key Raleigh real estate trends. Statista) The average home in Wake County sold for 105.4 of its original list price in Q1 of 2022. Census data, there are 195,659 occupied homes in Raleigh, while 12,455 are vacant.

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Borrowers opt for permanent rate buydowns amid affordability challenges

Housing Wire

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%

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First-time buyers need to earn $64,500 to afford a typical starter home

Housing Wire

In June, the typical starter home sold for a record $243,000, up 2.1% New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. home , assuming a 20% downpayment, rose 12.4% asking rent is just $24 shy of the $2,053 peak hit in 2022.

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