Appraisal Buzz

JANUARY 22, 2025

While builders response has kept multifamily rent growth steady for several months and stubbornly high mortgage rates are limiting buyer demand and home value increases, detached single-family home rentals are still rising at an accelerating rate. In the meantime, owned home value growth has leveled out at 2.6%

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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. 2022 Forecast series. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market. appeared first on HousingWire.

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Appraisal Buzz

DECEMBER 30, 2024

When fewer houses are available, buyers are willing to pay more, and sellers have more leverage to up their asking price. Simply putlow inventory leads to higher home prices. Its a big reason why buying a home has gotten so expensive. Since 2022, demand has gone up during the summer and down during the winter (rinse and repeat).

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Appraisal Buzz

OCTOBER 17, 2024

The nationwide investment return ticked downward as home-price spikes that had buoyed the housing market during the spring of this year flattened out, leaving the U.S. median home value virtually unchanged at approximately $360,000. from Q3 of 2023, and remained near the record of $135,000 hit in 2022.

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Housing Wire

MARCH 13, 2024

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. 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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Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. in September 2022. They eased below 6.5%

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Appraisal Buzz

OCTOBER 8, 2024

Across these 50 metro areas, the vacancy rate increased somewhat from 7.22% in 2022 to 7.37% in 2023. In contrast to 2022, vacancy rates decreased in Tampa from 12.15% but increased in New Orleans and Miami from 13.88% and 12.65%. Miami, New Orleans, and Tampa, FL, have the greatest rates of vacancy. 11.81% and 12.92%, in that order.

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Housing Wire

OCTOBER 3, 2022

home prices seeing essentially a decade’s worth of appreciation in just two-and-a-half years,” added Ben Graboske, Black Knight’s president of Black Knight data & analytics. Home prices are beginning to fall from post-pandemic peaks but remain up 12.1% Raleigh and Nashville have all shed 3% of home value in recent months.

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Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. If the home value appreciates, customers get to keep the difference. The lender originated $14.9

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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

NOVEMBER 19, 2024

This mortgage-free cohort “represents almost 40% of American homeowners and includes anyone wealthy enough to not need home financing at all, as well as people who have lived in their property long enough to have paid down most of their mortgage or cleared it entirely,” the report explained. And in Q1 2022, it exceeded $11 trillion.

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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! Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

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Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

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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

MAY 24, 2023

This homebuying season – and year-round – industry professionals must do their part to ensure home buyers understand the threat of real estate wire fraud and how they can protect themselves. billion in reported losses in 2022. As home values rise, so do the loss amounts from these scams.

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Housing Wire

APRIL 13, 2021

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Van Dyke is regularly checking with builders for several clients – most are sold out of lots until 2022.

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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. You need a buyer and seller,” Brown said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise).

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Appraisal Buzz

JULY 25, 2024

Home Sales Report , typical single-family home and condo sales in the U.S. for home sellers. The increase in price did contribute to sellers’ average raw earnings of more than $130,000. in Q2 of 2022, they were also lower in around three quarters of those localities. So did raw profits. on an annual basis.

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Housing Wire

FEBRUARY 1, 2023

“It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. in 2022, the weakest showing since 2014. in November, down from a 9.2%

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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. “There are really no national indicators, anywhere in the data, that show home prices currently falling,” Mike Simonsen, president of Altos, said in a recent commentary.

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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%

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Lamacchia Realty

OCTOBER 25, 2024

Single families: $954,233 (2023) | $955,546 (2024) Condos & Townhomes: $477,882 (2023) | $501,839 (2024) Homes Listed For Sale in South Florida: T he number of homes listed is up by 3.6% 2024: 10,013 2023: 9,667 2022: 9,054 Pending Home Sales in South Florida: The number of homes placed under contract is down by 12.1%

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Housing Wire

DECEMBER 5, 2022

Many loan originators who were the most dependent on refinance volume woke up in 2022 only to realize that the skill sets to sell a mortgage via a Realtor or other referral partner in a rising rate market is entirely different from refinancing someone into a 2-3% mortgage rate. The housing market won’t be like this forever.

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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.

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Appraisal Buzz

AUGUST 27, 2024

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. in the first quarter of 2022.

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Housing Wire

DECEMBER 13, 2024

While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. In Q2, Freddie Mac seller repurchases rose to $430 milliona 29.1% By contrast, Fannie Mae sellers repurchased $268.5 increase from Q1. million in noncompliant loans, marking a 27.7%

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Investors Legal Tools Legal Fees 370

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%

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Real Estate Home Value Buyers Sellers 68

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%

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Real Estate Sellers Home Value Buyers 68

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.

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Real Estate Sellers Home Value Inventory 68

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.

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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%

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Real Estate Home Value Sellers Buyers 68

Housing Wire

MAY 4, 2022

Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. To register for the HW+ event, go here.

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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%

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Real Estate Home Value Sellers Buyers 67

Housing Wire

DECEMBER 1, 2022

Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted. ” 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 Market Marketing Construction Inventory 370

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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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. appeared first on Lamacchia Realty.

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Home Value Buyers Realtors Realty 74

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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