2023 Buyers Home Value 
Appraisal Buzz
AUGUST 2, 2024
The equity gains coincide with a surge in home prices during the 2024 spring buying season, with the median national home price rising 9% quarterly to a record $365,000. This price increase has helped boost equity levels across much of the country by widening the gap between home values and the amounts owed on loans.
Appraisal Buzz
JUNE 24, 2024
Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. Cleveland (3.0) Buffalo, NY (3.2)
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Appraisal Buzz
JUNE 20, 2024
home, a buyer making the median income needs to put down nearly $127,750, or 35.4%. Just five years ago, when mortgage rates were hovering just above 4% and the typical home was worth nearly 50% less, that home would have been affordable with no money down. home , currently valued at $360,681, up 4.3%
Housing Wire
JANUARY 25, 2023
This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023.
Housing Wire
JANUARY 18, 2023
Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Fitch Ratings expects a challenging 2023 — at least in the near term — while the industry right-sizes from the $4 trillion production volume that occurred during the pandemic boom years.
Housing Wire
NOVEMBER 1, 2023
Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.
Housing Wire
AUGUST 8, 2024
trillion in value over the past year, bringing its total value to $49.6 rise in total value compared to June 2023 and 120% higher than in June 2014. New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. That’s a 6.6% all crossed the mark.
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