Housing Wire

SEPTEMBER 7, 2022

The wholesale arm of Rocket Mortgage on Tuesday raised anticipated agency conforming loan limits to $715,000, a sign that the nation’s largest mortgage lender is confident the maximum loan limit set by the federal government will rise by at least 10% in 2023. 6, the lender said Tuesday. They’ll require a full appraisal.

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Housing Wire

SEPTEMBER 9, 2024

Miami stands as one of the most dynamic and valuable real estate markets in the United States. While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors.

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Appraisal Buzz

AUGUST 8, 2024

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 In a decade, the value of U.S. homes has more than doubled, rising nearly 120% from $22.7 In a decade, the value of U.S. New Brunswick’s total home value surged 13.3%

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Appraisal Buzz

AUGUST 14, 2024

markets that have the “it” factor, as Columbus, Ohio; Knoxville, Tennessee; and Louisville, Kentucky claimed the top three spots in terms of popularity with online searchers over the past year. Over the past 12 months, homes in Columbus attracted 0.9% A new report from Realtor.com examines the U.S. times the national level.

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Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . They include a $405.2 Approximately 36.8% Another of the planned offerings is a $485.9

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Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. The housing market won’t be like this forever.

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Appraisal Buzz

OCTOBER 3, 2024

“Sellers, especially those who are locked into a low rate, have been waiting for market conditions to change,” said Danielle Hale, Chief Economist, Realtor.com. September 2024: National Housing Metrics Median listing price : (Change over September 2023: -1.0% high in October 2023,” Hale said. to $425,000) (Change over Sept.

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Appraisal Buzz

DECEMBER 30, 2024

If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! Will Interest Rates Go Down in 2025?

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Housing Wire

JANUARY 16, 2025

Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. That share was up from 53% in the second half of 2023 and 51% in the first half of 2024. home prices rose by 3.6% year over year in October 2024.

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Housing Wire

JANUARY 10, 2023

However, all of the concerns from last year threaten to carry over — from the fear of recession to stubborn high home prices and the stickiness of sub 3% mortgage rates that keep future buyers firmly planted in their existing homes. And yet the MBA Mortgage Finance Forecast for 2023 has some bright spots in it. They remain.

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Housing Wire

MARCH 15, 2024

Prospective homebuyers have more options to choose from in the housing market, which could help spur sales this spring. Total inventory , including single-family homes and apartments, is up 12% nationally compared to last year, according to Zillow, reaching just over 900,000 housing units on the market. That’s up 4.2%

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Housing Wire

MARCH 25, 2024

Fueled by a surge in mortgage rates , owning a home has become increasingly expensive. According to a Freddie Ma c housing and mortgage market report released Monday, while mortgage payments remain the primary pressure point for homeowners, insurance costs are emerging as a growing burden. from 2022 and up 40.8% per $1,000 in 2018.

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Appraisal Buzz

NOVEMBER 26, 2024

home value over the last four quarters. house prices increased 5.21%, on average, between the third quarters of 2023 and 2024. housing market experienced positive annual appreciation each quarter since the start of 2012. increase from Q3 of 2023 to Q3 of 2024. According to the report, U.S. Delaware: 8.5%

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Appraisal Buzz

JUNE 20, 2024

home , currently valued at $360,681, up 4.3% With so few available, buyers may have to wait even longer for the right home to hit the market, especially now that buyers can afford less. metropolitan areas, the typical home is affordable to a median-income household with less than 20% down. year-over-year.

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Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Both pose threats to access to capital, the cost of materials and labor, and future housing values.

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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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Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. Confidence rose in the Northeast to 53, signaling that builders there are slightly optimistic about market conditions. 2019 level.

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Appraisal Buzz

AUGUST 22, 2024

The third-quarter 2024 Vacant Property and Zombie Foreclosure Report reveals a significant decline in abandoned homes in foreclosure, reflecting the continued resilience of the U.S. housing market. or one in 76 homes. This figure is virtually unchanged from the previous quarter, highlighting the stability in the housing market.

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Housing Wire

MAY 24, 2024

Median prices for homes and condominiums in federally designated opportunity zones rose in 49% of areas from fourth-quarter 2023 to first-quarter 2024, according to a report released Thursday by Attom. Attom analyzed 3,512 zones with sufficient data, defined as having at least five home sales in Q1 2024. average of 3.1%

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Housing Wire

JUNE 7, 2024

Mortgaged properties account for 62% of all residential homes in the U.S., With home prices continuing to reach new highs, owners are also seeing their equity approach the historic peaks of 2023, close to a total of $305,000 per owner,” Selma Hepp , chief economist at CoreLogic, said in a statement. according to CoreLogic.

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Housing Wire

FEBRUARY 26, 2024

Reverse mortgage loan originators all seem to agree that 2024 is off to a better overall start in business than a tepid 2023 might suggest. The product maintains the non-recourse feature of other reverse mortgages, contains no origination or monthly servicing fees, and has no minimum home value requirement.

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Appraisal Buzz

OCTOBER 8, 2024

In wake of the Fed’s recent rate cut last month, hesitant Americans are becoming open to the idea of entering the market to begin their homebuying journey. However, people actually need homes to do so. Across these 50 metro areas, the vacancy rate increased somewhat from 7.22% in 2022 to 7.37% in 2023. Census Bureau.

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Inman

FEBRUARY 27, 2023

Between February 2020 and January 2023, Black homeowners saw their homes' values increase by 42.5 home values overall. percent compared to 38.5 percent for U.S.

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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Housing Wire

NOVEMBER 28, 2023

The regulator compares home prices year over year and adjusts the limit by the corresponding amount. In 2022, the housing market was a little hotter than this year due to lower mortgage rates, pushing home prices up. Ultimately, the FHFA announced a 12.21% increase in loan limits for 2023.

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Housing Wire

MAY 29, 2024

The homeownership rate among Black Americans has risen at a faster-than-average rate since 2019, but it remains well below the high point reached in 2004, according to Home Mortgage Disclosure Act (HMDA) data compiled by Zillow. The movement in the housing market exacerbates the economic challenges faced by borrowers of color.

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Inman

FEBRUARY 28, 2024

Despite slowing sales, the value of the U.S. housing market experienced record-breaking growth in 2023, according to Redfin's latest housing report. The total value of 90 million U.S. homes rose from $45.1 trillion in December 2023 — a 5.3 trillion in December 2022 to $47.5 percent annual difference.

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Housing Wire

MARCH 13, 2024

million Americans in 2023. homes, valued at $19.7 “It’s important for people to fully understand the climate risks that a home faces not only in the present, but in the future, so they can make the most informed decision for one of the biggest purchases and investments they will make in their life.”

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Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. ” 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 Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% home purchases fell 1.9% during the same period, which Redfin attributed to elevated mortgage rates and home prices. Although the U.S. a year prior.

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Housing Wire

DECEMBER 26, 2023

In fact, home prices climbed 6.3% from October 2022 to October 2023, compared to 5.5% Meanwhile, home prices in the Mountain division were 2.6% higher in October 2023 compared to the same period in 2022, the lowest gain in the index. However, the data shows it slowed down compared to the previous month.

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Appraisal Buzz

JULY 10, 2024

VeroFORECAST evaluates home prices in over three hundred of the nation’s largest housing markets, and the company is committed to the data science of predicting home value based on rigorous analysis of the fundamentals and interrelationships of numerous economic, housing, and geographic variables pertaining to home values.

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Housing Wire

AUGUST 8, 2023

Plunk , an AI-powered home analytics platform, has introduced a new tool called Plunk Pro that aims to transform the real estate market by offering real-time insights into home valuation, risk assessment, and remodeling possibilities.

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Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

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Housing Wire

JUNE 26, 2024

To calculate the amount of time it takes minimum-wage workers to save for a down payment, the company analyzed Zillow ‘s median values for single-family homes and condominiums from May 2023 through April 2024. per hour and a median home value of $349,000. Department of Labor.

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Appraisal Buzz

OCTOBER 2, 2024

However, consumer expectations for price increases may be restrained due to waning confidence in the job market and uncertainties around the November election. Consumers’ assessments of current business conditions turned negative while views of the current labor market situation softened further. Key Findings: August 2024 saw a 3.9%

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Appraisal Buzz

OCTOBER 18, 2024

below the September 2023 rate of 1,363,000. Powell at the conclusion of the Federal Open Market Committee (FOMC) meeting. below the September 2023 rate of 1,515,000. The housing market remains structurally underbuilt, and homeowners with locked-in low mortgage rates are keeping existing-home inventory limited.

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