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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Appraisal Buzz

JANUARY 8, 2025

In chillyBuffalo, competition among buyers will remain hot, with employment growing far faster than builders are adding homes, saidSkylar Olsen, Chief Economist at Zillow. But both buyers and sellers should expect unpredictable mortgage rates. Thats the good news. With an anticipated growth rate of 4.2%, Hartford is in the lead.

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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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Inventory Home Value Housing Market Mortgage 529

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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Clients Agents Buyers Sellers 459

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

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 Market Buyers Marketing Real Estate Agent 535

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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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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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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Housing Market Marketing Insurance Mortgage 476

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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Investing Sellers Marketing Home Value 418

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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Inventory Housing Market Mortgage Law 488

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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Inventory Mortgage New Listings Home Value 397

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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Housing Market Marketing Inventory Real Estate 363

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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Housing Market Marketing Supply Chain Mortgage 523

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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Construction Inventory Housing Market Contracts 459

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

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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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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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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Empire Appraisal Group

SEPTEMBER 22, 2022

A Key to Home Values. Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll street homes took longer to sell. Some street and neighborhood names are more associated with expensive homes than other names. The worst homes to sell were on Timber Street.

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Home Value Real Estate Brokerage Construction 78

Housing Wire

JULY 25, 2022

Fannie Mae ’s Economic and Strategic Research Group also released a recent report that projects year-over-year growth in home-price appreciation for 2022 will reach 16%. Freddie Mac projects that home-price growth will average 12.8% in 2022 but will drop to 4% in 2023. By comparison, home-price growth was 17.8%

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Housing Market Marketing Supply Chain Real Estate 418

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

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Sellers Buyers Home Value Inventory 78

Housing Wire

JULY 25, 2023

Todd Armstrong, A COMPASS AGENT IN SAN DIEGO Since early 2022 many insurers and reinsurers who back insurance policies have either left the state, scaled back operations or fallen into insolvency. The III said 1.265 million California homes were at risk for extreme wildfires in 2022, more than 400,000 than the next highest state.

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Insurance Housing Market Marketing Agents 370

Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. In 2022 we saw this raging market hit a large bump in the road. It’s important for sellers to recognize this or the home they are selling may be overpriced and it will take longer to sell. The graph below reflects the sales volume for 2019 through 2022. Sales Volume.

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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 61

Quicken Loans

DECEMBER 16, 2021

In addition, home values and sales skyrocketed. Here are a few housing market predictions for 2022 to help you prepare for the market’s future. Some sought out properties that could support home offices, while others simply didn’t want to miss out on the low mortgage rates. Home Inventory Will Slowly Rise.

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Housing Market Marketing Inventory Real Estate 78

Eppraisal

MARCH 18, 2022

According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021." " In a recent fortune.com article written on February 17, 2022, Tristan Bove wrote, "The inventory of homes for sale is down 26% compared to last year, and forecasters see a rough year ahead."

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Real Estate Agent Real Estate Agents Sellers 68

Raleigh Realty

AUGUST 1, 2022

Instead of showcasing your personality, consider how you can help buyers envision themselves living in your home. NAR) Among buyers’ agents, having photos (83), videos (74), and virtual tours (73) of a staged home available for their listings was more important since the beginning of the COVID-19 pandemic. (NAR)

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Sellers Agents Buyers Investing 68

Housing Wire

OCTOBER 9, 2023

How getting a real estate license in Illinois is different from other states While most states call the professional who represents a buyer or a seller of commercial or residential real estate a “real estate agent,” Illinois calls this individual a “real estate broker.” Requirements for Real Estate License Renewals in 2022.”

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Real Estate Agent Real Estate Agents Brokerage 448

Listing Spark

DECEMBER 30, 2024

The Texas housing market has been a focal point of attention for potential buyers and sellers alike, especially as we approach 2025. The shifting dynamics within this local real estate landscape raise critical questions about home prices, inventory levels, and overall market trends. How Are Home Prices Changing in Texas?

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