Housing Wire

JANUARY 9, 2025

But survey data released Thursday by Bright MLS found that some standards were top priorities for some buyers. According to the survey, more than half of prospective buyers ranked the condition of the home as the most important factor in their home search. ” Even with compromises, buyers still struggle to gather a down payment.

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Buyers Renovations Housing Market Home Improvement 418

Appraisal Buzz

OCTOBER 29, 2024

The platform began in October 2023 with local level data in only three states, but it has since grown to include data in around 40 states, with goals to reach all 50 by the end of 2024. The post Freddie Mac Enhances Product Selection With an Emphasis on First-Time Buyers first appeared on The MortgagePoint.

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Buyers Appraisal Loan Officers Sellers 395

Appraisal Buzz

NOVEMBER 13, 2024

“Technology has enabled homeowners to live more sustainably and more affordably, which is a growing priority for prospective buyers,” said Amanda Pendleton, a Home Trends Expert at Zillow. While “vintage” mentions are up 9%, nostalgia is a developing trend, showing up in 14% more listings than in 2023.

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Buyers Design Real Estate Agent Real Estate 418

Sacramento Appraisal Blog

JANUARY 14, 2025

It’s great news that 2024 performed better than the 2023 housing market. Seeing more buyers and sellers able to participate is absolutely what we want to see. Let’ get into it. Skim quickly by topic or digest slowly.

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Housing Market Marketing Sellers Appraisal 359

Appraisal Buzz

DECEMBER 19, 2024

million in November 2023). More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. month supply in November 2023 but lower than the 4.2-month from October to 4.15 million in November.

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Inventory Realtors Buyers Contracts 396

Housing Wire

OCTOBER 23, 2024

months in September 2023. While the uptick in inventory is certainly a positive for buyers, NAR’s report found they are continuing to contend with rising home prices. Moderating home price increases are welcome news for home buyers,” Yun said. from September 2023. For-sale inventory at the end of September was 1.39

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Inventory Realtors Buyers Real Estate 466

Housing Wire

APRIL 21, 2025

home sellers offered concessions to buyers in near-record numbers during the first quarter of 2025 as rising housing costs , high mortgage rates and growing economic uncertainty continued to reshape the real estate landscape. at the start of 2023. Seller are turning to concessions more frequently as buyers grow more cautious.

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Sellers HOA Buyers Real Estate 433

Housing Wire

JANUARY 16, 2025

The listings portal combined weekly data on for-sale listings in 2023 and 2024 for comparison. The share of listings with HOA fees rose from 2023, when 39.2% Also, the median monthly fee rose over the past year, increasing from $110 in 2023 to $125 in 2024. The report only considered listings if they had an HOA fee.

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HOA Property Taxes Construction Buyers 397

Appraisal Buzz

OCTOBER 30, 2024

Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. from September 2023 to 65.6, from September 2023 to 64.0, compared to September 2023. from the previous month.

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Contracts Buyers Inventory Mortgage 418

Housing Wire

DECEMBER 30, 2024

There are a few markets in the South where home prices have inched down recently and every bit helps buyers but those prices have not adjusted much, and theres no sign of any major correction in the works. Its hard to measure precisely with the holidays, but 32,000 is 33% more than hit the market in the 52nd week of the year in 2023.

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Housing Market Marketing New Listings Inventory 543

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. The top market for FHA buyer activity was Merced, California, where 38.3% That marked a 7.7% to 109.1%, while St.

Investors 347

Investors Finance Renovations Buyers 347

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. It is no secret that many first-time homebuyers are struggling.

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Marketing Real Estate Sellers Buyers 448

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

NOVEMBER 25, 2024

More inventory should shake loose in 2025, giving buyers a bit more room to breathe. But since then, they have climbed back to nearly 7%, changing the affordability picture for home buyers. million in 2023 and a projected 4 million in 2024. Zillow currently forecasts home prices will increase 2.6%

Housing Market 365

Housing Market Marketing Buyers Construction 365

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. Home-price declines which are typically a good thing for buyers could hurt some current mortgage holders. That’s up $4.3

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Insurance Mortgage Buyers 397

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” million existing home sales in 2024, a little increase over 2023’s 4.1 This means that buyers have the upper hand in negotiations.

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Housing Market Tenants Marketing Mortgage 396

Housing Wire

OCTOBER 24, 2024

That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. But some segments of pre-foreclosure buyers are purchasing at much bigger discounts. Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing.

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Retail Buyers Renovations Finance 448

Housing Wire

FEBRUARY 20, 2025

In contrast, first-time buyers accounted for only 44% of the market, down from 50% in 2023. The share rebounded to 55% in 2022 and reached a record 63% in 2023, outpacing other racial groups and the broader housing market. The rise comes after years of fluctuation. Black households earn a median income of $54,896.

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Housing Market Buyers Law Lending 364

Appraisal Buzz

MARCH 20, 2025

Todays buyers need to be armed with information, while demonstrating patience and flexibility, in order to achieve their dream of homeownership. For lenders, this provides an opportunity to tap into technology and increase offerings that buyers indicate they want to see.

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Buyers Technology Mortgage Appraisal 404

Housing Wire

MARCH 31, 2025

million new residents between 2021 and 2023, but the demographic shift tells a troubling story. Cash buyers dominate the market, accounting for 42% of home purchases. ” 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.

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Insurance Property Taxes Construction Transportation 448

Housing Wire

JANUARY 27, 2025

more than 2023 and the highest sales have been since 2021. In many markets, there was simply more new home inventory and some buyers who might have wanted to purchase an existing home were instead looking at new construction, said Bright MLS Chief Economist Lisa Sturtevant in a statement. gain compared to November.

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Inventory Buyers Housing Market Construction 476

Housing Wire

JANUARY 27, 2025

Now were noticing some signals in the data that national home prices could turn negative this spring, showing year-over-year home-price declines for the first time since early 2023. In 2023, the spring slope was much less steep. More sellers are facing an absence of buyer demand, prompting them to reduce their asking price.

Inventory 396

Inventory Sellers New Listings Contracts 396

Housing Wire

SEPTEMBER 30, 2024

Buyers in August 2024 needed to earn $77,000 per year to afford a median-priced starter home of $250,000. from August 2023, when the median price was $240,000. When comparing income to the cost of monthly mortgage payments, the typical buyer now earns 8.9% In August 2023, that figure was only 3%. more than they need.

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Buyers Real Estate Mortgage Brokerage 476

Housing Wire

DECEMBER 20, 2024

In a statement, Meeks said the legislation is designed to make homeownership more affordable by empowering first-time buyers and young families to get ahead by reducing monthly payments and encouraging faster equity accumulation. In February 2023, the FHA announced a 30 basis-point reduction in the annual premium charged to borrowers.

Insurance 418

Insurance Mortgage Property Taxes Design 418

Appraisal Buzz

OCTOBER 25, 2024

housing market is showing signs of relief for buyers, as home prices drop in more than half of the largest metropolitan areas. ® September Housing Market Report , prices in some regions have declined by over 12%, marking a shift from the record highs of 2023. “The According to the Realtor.com®

Buyers 368

Buyers Housing Market Construction Real Estate 368

Housing Wire

MARCH 19, 2025

An analysis by SFR Analytics , which tracks nationwide real estate transactions, found that the threshold to rank among the top 10 buyers in 2024 was nearly 80% lower than it was in 2021, when institutional firms routinely acquired 5000-plus homes annually. Even among active buyers, net acquisitions were low.

Investors 380

Investors Real Estate Buyers Marketing 380

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 Contracts 533

Housing Wire

DECEMBER 9, 2024

The company closed deals with struggling power buyer firm Ribbon in May 2023, home maintenance company Onder in September 2023, home equity investment firm Balance Homes in December 2023 and home equity investment firm HomePace in May 2024. But the company came under the scrutiny of state regulators in December 2023.

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Modernization Investors Law Investing 370

Housing Wire

SEPTEMBER 5, 2024

That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market. We’re getting closer to homebuyers’ comfort zone of low-6%, high-5% rates, and September’s anticipated Fed cuts should help buyer sentiment. from this peak.

Buyers 493

Buyers Marketing Mortgage Real Estate Agent 493

Appraisal Buzz

APRIL 1, 2025

According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market. Generation X buyers (ages 4559) held steady at 24% of their share.

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Real Estate Agent Sellers Buyers Agents 359

Housing Wire

AUGUST 22, 2024

“As part of their low-cost selling strategy, sellers using Homie would commonly make an offer of compensation to buyer-brokers that was somewhat below the buyer agent compensation (BAC) offered by sellers represented by traditional brokers, including the Corporate Defendants.

Realtors 482

Realtors Buyers Real Estate Brokerage 482

Appraisal Buzz

MARCH 17, 2025

Mortgage credit availability in February increased for the third consecutive month to its highest level since March 2023, said Joel Kan, MBAs VP and Deputy Chief Economist. The post Rise in Mortgage Credit Availability Offers Buyers More Options first appeared on The MortgagePoint. In February, the MCAI increased by 1.4%

Buyers 221

Buyers Mortgage Government Lending 221

Housing Wire

OCTOBER 31, 2024

Monthly payments were down 5.3%, or $114, compared to September 2023. compared to September 2023. The median payment for these prospective borrowers dropped to $2,041 last month. Average rates at the end of September were 100 bps lower compared to April.

Mortgage 448

Mortgage Buyers Finance 448

Housing Wire

AUGUST 2, 2024

home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. 28 and July 14 of this year to compare average commission rates paid to a buyer’s agent. The typical U.S.

Agents 476

Agents Buyers Real Estate Agent Sellers 476

Appraisal Buzz

DECEMBER 5, 2024

The annual decline in down payments is the result of less buyer competition in the third quarter. Easing demand and increasing inventory gave buyers more flexibility last quarter, which led to slightly lower down payments, said Hannah Jones, Senior Economic Research Analyst with Realtor.com.

Inventory 397

Inventory Buyers Mortgage Appraisal 397

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. According to the data, we know that builders have the potential to boost sales by offering lower rates to attract buyers. percent (±11.6 percent)* below the revised September estimate of 1,353,000 and is 4.0 percent (±9.0

Construction 539

Construction Mortgage Development Buyers 539

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% to 59.2%).

Sellers 395

Sellers Investing Housing Market Home Value 395