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New listings surge as the spring buying season approaches

Housing Wire

Such homes went under contract typically after 17 days on the market. The typical home in the U.S. was worth $349,216 in February, according to the Zillow Home Value Index. compared to February of 2023. compared to February of 2023. That’s up 4.2% That’s up 4.2%

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Where Are Home Prices Heading Over the Next 24 Months?

Appraisal Buzz

elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} The latest Fannie Mae Home Price Expectations Survey (HPES) , produced in partnership with Pulsenomics, examining third quarter 2024 data, has found that following home price growth of 6.0% in 2023, an annual national home price growth of 4.7%

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Home-equity niche will benefit from a private-label lift

Housing Wire

“After that time, HELOC production waned as defaults spiked and home values plummeted, and HELOC securitizations effectively stopped for nearly a decade. Those 17 deals were backed by home-equity collateral valued in total at $3.9 Saluda is the borrower, and they face Barclays,” Craft explained.

Contracts 397
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Home price growth slowed further in October

Housing Wire

(The Case-Shiller home price indices for October is a three-month average of closing prices in August, September and October. Because most home sales take several months from contract to closing, the data likely includes some deals struck in June and July.). to a reading of 315.13.

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Home equity is the bright gem of the housing market

Housing Wire

I think in 2023, we’re going to see rates higher for longer,” Toohig concludes. Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. Our contract is little different in that we share part of the entire home value at the end of the contract.

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Dave Stevens on understanding this housing market

Housing Wire

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.

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What’s influencing the increase in REO acquisitions?

Housing Wire

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low.

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