Housing Wire

DECEMBER 8, 2024

But CoreLogic noted that negative equity actually declined by 3% from Q3 2023. billion higher than in Q3 2023. Conversely, positive homeowner equity increased by $425 billion since Q3 2023. CoreLogic attributes the Aloha State’s equity decline to a catastrophic wildfire in 2023. That’s up $4.3 On average, U.S.

Insurance 397

Insurance Mortgage Buyers 397

Housing Wire

MARCH 15, 2025

Last year, when mortgage rates ranged from 6.75% to 7.50%, the weekly data looked like this: 14 negative prints 2 flat prints 2 positive prints There was no year-over-year growth to report when comparing 2024 and 2023. And remember, mortgage rates fell to around 6% in late 2022 and early 2023.

Mortgage 536

Mortgage New Listings Inventory Housing Market 536

Housing Wire

APRIL 5, 2025

Weekly pending contracts for the last week over the past several years: 2025: 367,776 2024: 363,834 2023: 335,017 For both purchase apps and pending sales, the data presents an interesting trend: the positive weekly figures we’ve been observing coincide with mortgage rates exceeding my growth threshold.

Mortgage 533

Mortgage New Listings Inventory Housing Market 533

Housing Wire

FEBRUARY 17, 2025

Nationally, the highest effective property tax rates in 2023 were in Northeast and Midwest states, led by Illinois (1.88%), New Jersey (1.64%), Connecticut (1.54%), New York (1.46%) and Nebraska (1.46%), ATTOM reported. Northeast states had seven of the 10 highest average property taxes in 2023, Attom reported.

Property Taxes 528

Property Taxes Insurance 528

Housing Wire

OCTOBER 21, 2024

Nationally, 290,000 new properties were built in high-risk flood areas from 2019 through 2023, almost one in five of the 1.6 A report in August from Redfin showed that 2023 migration patterns weren’t interrupted by climate change. million built in total in that period, the First Street analysis found.”

Insurance 497

Insurance Real Estate Agent Construction Development 497

Appraisal Buzz

JANUARY 23, 2025

While the gross profit on median-priced single-family home and condo sales did inch up approximately $2,000 from 2023, the typical profit margin stood eight percentage points below a peak hit in 2022. After a weak 2023, the U.S. in 2023, the U.S. in 2023 to 51.3% in 2023 to 51.3% in 2023 to 51.3%

Sellers 395

Sellers Investing Housing Market Home Value 395

Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. In 2023, spreads reached as high as 3.10%. If we had experienced the worst mortgage spreads of 2023, mortgage rates would be 0.72% higher today.

Mortgage 488

Mortgage Inventory New Listings Contracts 488

Housing Wire

OCTOBER 23, 2024

months in September 2023. from September 2023. NAR also reported the results of its monthly Realtors Confidence Index , which found that homes typically remained on the market for 28 days in September, up from 26 days in August and 21 days in September 2023. For-sale inventory at the end of September was 1.39 million, up 1.5%

Inventory 461

Inventory Realtors Buyers Real Estate 461

Housing Wire

NOVEMBER 29, 2024

But StorageCafe found that in 2023, most states overlooked one key solution to the affordability crisis: more inventory of “middle housing.” Census Bureau data to analyze housing inventory changes across 489 cities between 2005 and 2023. from 2005 to 2023 — the lowest inventory increase among all property types.

Inventory 396

Inventory Construction Law Development 396

Housing Wire

NOVEMBER 13, 2024

“The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the report’s findings. By 2023, applications submitted by Black women decreased by 24% from 2022.”

Real Estate 418

Real Estate Mortgage Finance Housing Market 418

Housing Wire

DECEMBER 21, 2024

While it’s common to see a seasonal dip in volume at this time of year, theres a silver lining: we’ve been observing solid year-over-year growth when comparing our data to 2022 and 2023. Mortgage rates would be near 8% if we had experienced the peak negative spreads of 2023. As a result, my forecast for 2024 may be too low.

Housing Market 504

Housing Market Marketing Inventory New Listings 504

Appraisal Buzz

OCTOBER 24, 2024

An examination of CoreLogic data indicates that, in comparison to prior years, jumbo mortgage originations saw a discernible drop in both dollar quantities and market share in 2023 and 2024. Jumbo loan volumes plummeted 61% and conforming loan volumes fell 67% from their peak in 2021 to 2023. Since 2014, this is the lowest level.

Mortgage 370

Mortgage Marketing Appraisal 370

Appraisal Buzz

JANUARY 15, 2025

Affordability challenges for renters reached unprecedented levels in 2023, as the number of cost-burdened households hit a record high of 22.6 Cost Burdens Climb Across the Board In 2023, half of all renter households were cost-burdened, a rate that has remained steady since 2021 but marks a 3.2 Among these households, 12.1

Construction 397

Construction Development Appraisal Marketing 397

Housing Wire

OCTOBER 13, 2024

Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. One of the reasons total inventory data hasn’t gotten back to 2019 levels is the lack of sellers in 2023 and 2024. The price-cut percentage data is below 2022 levels and risks an earlier seasonal curve lower than 2022 and 2023.

Inventory 511

Inventory New Listings Retail Mortgage 511

Appraisal Buzz

JANUARY 6, 2025

in 2023, but is considerably less affordable than the typical share of 30% or lower recorded throughout the 2010s. from 2023 and 86% from 2019. The slight improvement in affordability this year is mainly due to the slightly lower average mortgage rate (6.72%), compared to 2023 (6.81%). Thats a slight improvement from 42.2%

Inventory 431

Inventory Construction Appraisal Mortgage 431

Housing Wire

DECEMBER 20, 2024

In February 2023, the FHA announced a 30 basis-point reduction in the annual premium charged to borrowers. The cut resulted in an annual premium of 55 bps for most borrowers, down from 85 bps.This represented yearly savings of $800 for roughly 850,000 homebuyers and homeowners in 2023. As of Sept.

Insurance 418

Insurance Mortgage Property Taxes Design 418

Housing Wire

MARCH 31, 2025

million new residents between 2021 and 2023, but the demographic shift tells a troubling story. ” Population growth in Tampa has significantly rebounded with nearly 52,000 new residents in 2022-2023, up from a loss of nearly 13,000 in 2019-2020. ” Migration wave reshapes Florida economy Florida gained nearly 2.76

Insurance 447

Insurance Property Taxes Construction Transportation 447

Housing Wire

MARCH 20, 2025

decline from 2023 and a 32.4% in 2023 to 7.6% in 2023 to 72% in 2024. Flips are moving more quickly The average time to complete a home flip in 2024 was 162 days, down slightly from 169 days in 2023. Home Flipping Report, investors flipped 297,885 single-family homes and condominiums last year. That marked a 7.7%

Investors 303

Investors Finance Renovations Buyers 303

Housing Wire

JANUARY 16, 2025

That share was up from 53% in the second half of 2023 and 51% in the first half of 2024. Only 8% were considered under-appraised, down from 12% in the second half of 2023. The share of properties that were under-appraised shrank from 8% while the share that were over-appraised was unchanged compared to the second half of 2023.

Appraisal 397

Appraisal Valuation Home Value Housing Market 397

Appraisal Buzz

OCTOBER 30, 2024

from September 2023 to 65.6, from September 2023 to 64.0, compared to September 2023. After two years of sluggish home sales in 2023 and 2024, existing-home sales are forecasted to rise to 4.47 Pending Home Sales Regional Breakdown The Northeast PHSI increased 3.3% from the previous month. the same as the year before.

Contracts 418

Contracts Buyers Inventory Mortgage 418

Appraisal Buzz

JANUARY 28, 2025

remained dynamic in 2023, with approximately 7.5 In 2023, 87.9% Generational Migration Patterns In 2023, Gen Z and millennials were the most mobile generations, with roughly 2.2 The shift in net migration leadership from Florida to Texas in 2023 reflects broader trends. The migration landscape across the U.S.

Property Taxes 370

Property Taxes Home Value Insurance Appraisal 370

Housing Wire

JANUARY 17, 2025

percent)* below the December 2023 rate of 1,568,000. percent below the December 2023 rate of 1,530,000. This is 15.8 percent (14.4 percent) above the revised November estimate of 1,294,000, but is 4.4 percent (11.3 percent below the revised November rate of 1,493,000 and is 3.1

Mortgage 488

Mortgage Housing Market Construction Marketing 488

Housing Wire

FEBRUARY 13, 2025

The full-year net income figure marked an increase of 13% from 2023. Comprehensive income increased 11% from 2023 to $11.9 ” Freddie Mac purchased loans for cash and issued MBS totaling more than $411 billion in 2024, up 18% from 2023, Whitlinger added. billion, an increase of $308 million or 11% from Q4 2023.

Finance 387

Finance Mortgage Investors Marketing 387

Housing Wire

OCTOBER 15, 2024

In 2023, Atherton’s median sale price was $400,000 lower than today. Meanwhile, 67% percent of the most expensive ZIP codes saw a price increase in 2024, compared to 29% in 2023. The nation’s most expensive neighborhood — Atherton, California — saw its median sale price jump to $7.9 million this year.

Real Estate 448

Real Estate Marketing Housing Market Finance 448

Housing Wire

NOVEMBER 26, 2024

increase from Q3 2023 to Q3 2024. annualized gain in August and represented the slowest year-over-year growth since August 2023. The East North Central division (Wisconsin, Michigan, Illinois, Indiana and Ohio) led the way with a 6.8% In a similar report released Tuesday, the S&P CoreLogic Case-Shiller Index notched 3.9%

Housing Market 395

Housing Market Finance Marketing Mortgage 395

Housing Wire

FEBRUARY 6, 2025

Rithm Capital , which owns multichannel mortgage lender Newrez , built upon its success in 2023 with net income of $835 million in 2024. million loss it sustained in the fourth quarter of 2023. In 2023, it acquired $1.4 billion last year, up from $732 million in 2023. billion in Q4 2023 to $17.3

Business 396

Business Mortgage Investors Finance 396

Appraisal Buzz

APRIL 8, 2025

One-third of buyers (33%) surveyed said they expect home prices in their local market to decline in 2025, down from 40% in the 2024 buyer survey, and on par with the 32% in the 2023 buyer survey. Nearly two-thirds of Auction.com buyers surveyed (64%) expect their property purchases to increase in 2025, up from 60% in 2024 and 54% in 2023.

Buyers 389

Buyers Renovations Investors Development 389

Housing Wire

MARCH 19, 2025

Despite recent softening in 2022 and 2023, it still remains 50% above pre-pandemic levels. Roofing, windows, and heating, ventilation and air conditioning (HVAC) accounted for 49% of improvement expenditures in 2023, the most recent available data. remodeling industry reached $600 billion in value following the COVID-19 pandemic.

Home Improvement 274

Home Improvement Modernization Investing Insurance 274

Appraisal Buzz

DECEMBER 26, 2024

The foreclosure pre-sale inventory rate was about 0.34%, down about 2.09% compared with October and down nearly 16% compared with November 2023. There were about 21,000 foreclosure starts in November down nearly 30% compared with October and down nearly 30% compared with November 2023.

Mortgage 395

Mortgage Inventory Technology Appraisal 395

Housing Wire

NOVEMBER 19, 2024

percent)* below the October 2023 rate of 1,365,000. percent below the October 2023 rate of 1,534,000. percent (±11.6 percent)* below the revised September estimate of 1,353,000 and is 4.0 percent (±9.0 percent below the revised September rate of 1,425,000 and is 7.7 The charts below speak louder than any words.

Construction 539

Construction Mortgage Development Buyers 539

Housing Wire

NOVEMBER 12, 2024

from Q3 2023 despite a drop in big-ticket remodeling projects that were attributed to higher interest rates and economic uncertainty. in Q3 2023. per share, in Q3 2023. The world’s largest home improvement retailer and fourth-largest U.S. retailer by market capitalization reported $40.2 Revenue was up 6.6% drop in the U.S. —

Housing Market 435

Housing Market Marketing Retail Home Improvement 435

Housing Wire

MARCH 6, 2025

Thats an astonishing 77% year-over-year increase, although it is a slower pace of growth than what it experienced in 2023. million in 2023 to $4 million in 2024. million last year, roughly in line with 2023. billion, almost double its figure in 2023. million in 2023. million in 2023. Its revenue was $1.3

Brokerage 370

Brokerage Agents Loan Officers Business 370

Appraisal Buzz

JANUARY 14, 2025

from 2023 to 2024, according to CoreLogics latest research , and have risen 27.4% rise in property taxes from 2023 to 2024 and a staggering 52.9% from 2023 to 2024 and 51.5% Over the past few years, property tax payments have climbed sharply in many regions, particularly in states once regarded as affordable. since 2019.

Property Taxes 435

Property Taxes Government Mortgage Buyers 435

Housing Wire

OCTOBER 31, 2024

Monthly payments were down 5.3%, or $114, compared to September 2023. compared to September 2023. According to data released Thursday by the Mortgage Bankers Association (MBA), the median payment for purchase loan applicants declined by 0.8% from August to September.

Mortgage 445

Mortgage Buyers Finance 445

Housing Wire

DECEMBER 18, 2024

percent) below the November 2023 rate of 1,510,000. percent below the November 2023 rate of 1,508,000 Last month, I discussed the challenges of building millions of extra homes in the near future due to restrictive housing policies, as indicated by recent data. percent (10.6 percent (11.7

Construction 509

Construction Modernization Mortgage Housing Market 509

Appraisal Buzz

JANUARY 16, 2025

In Onbes Winter 2023 Property Management Payouts Survey , 82% of tenants said receiving their security deposit refund digitally would be an improvement over their most recent refund experience. Given the national average tenant turnover rate of 44% in 2023, the savings from switching to digital refunds will add up fast.

Tenants 397

Tenants Property Management Landlords Modernization 397

Appraisal Buzz

MARCH 20, 2025

Compared to 60% in 2023, just 46% of millennials stated that the market will be favorable for purchases in 2025. Compared to 45% in 2024, 25% in 2023, and 12% in 2022, 49% of Gen X respondents stated they intended to purchase this year. Compared to 34% in 2023, 39% of all respondents reported having at least $100,000 in home equity.

Buyers 391

Buyers Technology Mortgage Appraisal 391