Housing Wire

DECEMBER 17, 2024

Homebuyers have become older and wealthier Young people are having a particularly hard time in the housing market. The median buyer is now 56 years old, up from 49 in 2023. Register today to attend the Housing Economic Summit in Dallas, on Feb. According to a recent NAR survey, homebuyers are older than they used to be.

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Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? Each week has very few sellers, but lower demand means longer time on market and growing inventory of unsold homes. Two and a half years.

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Housing Wire

MARCH 14, 2025

housing market is anything but stable right now and residents are feeling it. housing market using weekly data from Altos, which includes more than 60 different data points on every metro area in the country, to see how employment is changing the housing market. ’s job market. housing market.

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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! Is It a Buyers Market?

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Appraisal Buzz

APRIL 2, 2025

In its 2025 Industry Survey , Redfin dug deeper into how real estate agents view their careers, the housing market, and other hot-button industry issues. The post Industry Survey Gauges Real Estate Agents Housing Market, Career Sentiment first appeared on The MortgagePoint. who noted a positive impact.

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Appraisal Buzz

NOVEMBER 25, 2024

Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. Zillow is forecasting that housing market activity will pick up in 2025 – but the big wildcard is mortgage rates, which will remain unpredictable.

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Housing Market Marketing Buyers Construction 365

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. million existing home sales in 2024, a little increase over 2023’s 4.1 The post Housing Market Forecast: Unpredictable Mortgage Rates to Shake Up 2025 first appeared on The MortgagePoint. Zillow predicts 4.3

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Housing Wire

NOVEMBER 12, 2024

retailer by market capitalization reported $40.2 from Q3 2023 despite a drop in big-ticket remodeling projects that were attributed to higher interest rates and economic uncertainty. in Q3 2023. per share, in Q3 2023. The world’s largest home improvement retailer and fourth-largest U.S. Revenue was up 6.6% billion and 14.5%

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Housing Wire

DECEMBER 20, 2024

compared to September 2023. But in September 2024 CoreLogics most recent data the number of investor purchases sat at 75,442, which is marginally higher than the post-pandemic low point but down 22.5%

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Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. A few states have more homes on the market now than any time in the last eight to 10 years.

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Housing Wire

JANUARY 13, 2025

While the current focus is rightfully on containing the blazes and protecting residents, its worth taking stock of where housing markets stand in the affected parts of the Los Angeles metro area. Data from Altos Research shows an area with expensive housing, rising inventory and conditions that lean favorable to sellers.

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Housing Wire

MARCH 15, 2025

Earlier this year, when mortgage rates soared to 7.26%, a cloud of worry hung over the housing market many feared that home sales would tumble in 2025, fueled by concerns about inflation and tariffs. housing market revolves around the direction of the 10-year yield. Only time will tell because, as always for me, the U.S.

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Housing Wire

APRIL 5, 2025

Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. The more encouraging story, however, is that the spring season is shaping up positively for the housing market. If mortgage spreads were as bad as the worst levels in 2023, mortgage rates would be around 7.25% today.

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Housing Wire

NOVEMBER 13, 2024

With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. Foreclosure Market Report on Tuesday. That’s up 4% from September’s total of 29,668 but down 11% from the October 2023 figure of 34,472. Attom released its October 2024 U.S.

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Housing Wire

OCTOBER 21, 2024

Nationally, 290,000 new properties were built in high-risk flood areas from 2019 through 2023, almost one in five of the 1.6 Climate change is having a pronounced impact on the housing market, particularly when it comes to the accelerating risks of extreme weather events in areas that were already vulnerable to impact.

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Housing Wire

JANUARY 24, 2025

Existing home sales ended the year on a positive note , which aligns with our weekly Housing Market Tracker data, but something surprising is that home prices firmed up late in the year as well. However, housing demand surged when mortgage rates fell in the early 1980s during a recession. Also, the monthly supply is 3.3

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Appraisal Buzz

JANUARY 23, 2025

has experienced two decades of slow but steady housing market growth, paired with inventory growth that has suffered through both the Great Recession and the pandemic. In 2023, total inventory hit 144 million housing units, a 16.7% But even with continued building, housing supply still falls short and prices keep rising.

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Housing Wire

NOVEMBER 23, 2024

However, the 10-year yield has managed to maintain its position, and the downtrend observed in the charts since the 10-year yield was at 5% in 2023 is still in place. Mortgage spreads The mortgage spread situation has shown improvement in 2024, in contrast to its negative performance in 2023.

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Housing Wire

DECEMBER 30, 2024

is the highest level for the PHSI since February 2023, according to NAR. compared to November 2023. But Sturtevant also highlighted economic turmoil as a risk due to potentially higher inflation rates and labor market issues. “Economic uncertainty does put at risk a strong first quarter housing market.

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Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. million in October 2023). Remember that we track housing data differently than the NAR, but these are the big four from their report. However, that didn’t happen.

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Housing Wire

MARCH 8, 2025

Does this indicate that the housing market is beginning to wake up just in time for spring? I’ve noticed that housing data tends to improve when mortgage rates drop from 6.64% to 6%, especially when I adjust for seasonal demand. It is important to note that mortgage rates rose to around 6% in late 2022 and early 2023.

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Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. In 2023, spreads reached as high as 3.10%. If we had experienced the worst mortgage spreads of 2023, mortgage rates would be 0.72% higher today.

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Housing Wire

JANUARY 14, 2025

from Q4 2023 to Q4 2024, a surprising increase from the previous quarter’s downwardly revised annual growth rate of 5.4%. ” Fannie Mae’s 2025 forecast suggests that its unlikely that the 2025 housing market will deviate from 2024 norms. Quarterly, home prices rose a seasonally adjusted 1.7%

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Housing Wire

JANUARY 17, 2025

percent)* below the December 2023 rate of 1,568,000. Building Permits : Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,483,000. percent below the December 2023 rate of 1,530,000. have been more effective in stimulating activity in the housing market.

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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. housing market mostly rebounded nicely in 2024. in 2023, the U.S. in 2023 to 51.3%

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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%. million units in total housing inventory, which was 2.9% from October to 4.15 Sales increased 6.1%

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Housing Wire

NOVEMBER 26, 2024

. “While house prices continued to increase because housing demand outpaced the locked-in housing supply, elevated house prices and mortgage rates likely contributed to the slowdown in price growth.” housing market has experienced positive annual appreciation each quarter since the start of 2012.

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Housing Wire

FEBRUARY 5, 2025

However, if home prices hadn’t skyrocketed alongside mortgage rates , we would have more younger homebuyers entering the market and we would have a slightly higher homeownership rate than todays 65.7% percent was virtually the same as the rate in the fourth quarter 2023 (65.7 From Census : The homeownership rate of 65.7

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Housing Wire

FEBRUARY 20, 2025

While the share of first-time homebuyers has declined across the country, Black homebuyers are bucking the trend and showing resilience in an increasingly difficult housing market. In contrast, first-time buyers accounted for only 44% of the market, down from 50% in 2023. The rise comes after years of fluctuation.

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Housing Wire

MARCH 31, 2025

There are three big trends in the spring 2025 housing market: Supply continues to build. That pace slowed dramatically in 2022 and turned negative in January 2023. As demand recovered a bit in 2023, we moved into two years where home sales were down, but home prices were up. Thats up 1.1% for the week and is now 30.6%

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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. Accurate, market-centric valuations are key to a healthy mortgage market , so it will be interesting to see how well appraised values align with market-driven sales prices throughout 2025 as the housing market continues to find its new normal.

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Housing Wire

OCTOBER 21, 2024

In a housing market shaped by uncertainty, military veterans and service members are emerging as some of the most confident and prepared homebuyers, outpacing their civilian counterparts. This was driven by optimism about the housing market and economy. This marks a shift from last year when civilians were more bullish.

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Housing Wire

DECEMBER 18, 2024

The key points of this report indicate that the Federal Reserve has overlooked the housing market for years. The existing home sales market does not align with their dual mandate of ensuring stable personal consumption expenditures (PCE) or consumer price index (CPI) prices, as these measures account for rent. percent (10.6

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Housing Wire

SEPTEMBER 12, 2024

A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within the U.S. housing market. This means that baby boomers have the most economic power when it comes to housing markets, as sellers are more likely to accept offers where financing is least likely to fall through.”

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Housing Market Marketing Insurance Sellers 468

Housing Wire

FEBRUARY 4, 2025

They explore forecasts for the 2025 housing market, key macroeconomic trends to monitor, solutions to the housing affordability crisis and more. To start the conversation, Divounguy dives into the past two years of economic developments and how they impact today’s housing market. House prices were declining.

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Housing Wire

NOVEMBER 13, 2024

“The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the report’s findings. This development has “significant implications for the housing market.”

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Housing Wire

NOVEMBER 25, 2024

Stable mortgage rates – even if they remain relatively elevated – could be the key to unlocking confidence in the housing market. What variables are shaping, and shaking, the housing market? The instability in the housing market is evident in existing-home sales and home builder sentiment.

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Housing Market Construction Real Estate Sellers 397