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Home Seller Profit Margins Slide in Q3

Appraisal Buzz

The nationwide investment return ticked downward as home-price spikes that had buoyed the housing market during the spring of this year flattened out, leaving the U.S. median home value virtually unchanged at approximately $360,000. in Q3 of 2023 to 61.4% in Q3 of 2023 to 74.4% in Q3 of 2023 to 87.4%

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How the housing market will evolve in 2023

Housing Wire

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. most likely by mid-year.

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Don’t expect a drastic housing market turnaround in 2023, Fitch Ratings says

Housing Wire

The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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The agents dominating Miami’s real estate market

Housing Wire

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. Each closed over 50 transaction sides in 2023.

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Total value of U.S. homes on the brink of $50 trillion: Redfin

Housing Wire

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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S. Fla.’s Fastest Rising Home Values? Near Rail Stations

Empire Appraisal Group

s Fastest Rising Home Values? Home values near a S. MIAMI – Home values for properties near South Florida’s expanding rapid transit rail system are appreciating faster than other homes in the region. Source: Wall Street Journal (05/23/23) Acosta, Deborah © Copyright 2023 INFORMATION INC.,

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Catch-22: When You Have Millions of Vacant Homes But Also a Housing Shortage 

Appraisal Buzz

Across these 50 metro areas, the vacancy rate increased somewhat from 7.22% in 2022 to 7.37% in 2023. In 2023, there were just under 600,000 unoccupied housing units in these three metro areas. If the housing market were simplified, there would probably be a significant inverse link between rent and home prices and vacancy rates.