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Strong Housing Market Impacting Zombie Foreclosures Nationwide 

Appraisal Buzz

from Q4 of 2023 and 3.3% Despite their potential to draw in vandalism and spread community blight, zombie foreclosures continue to have little to no effect on the majority of local housing markets. This was a decrease from 8,903 in Q4 of 2023 but an increase of 1.5% were in foreclosure, according to the data.

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Will 2025 finally be a “normal” housing market?

Housing Wire

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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Spring housing market gets more inventory

Housing Wire

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023. Last year, we never hit that target.

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The housing market is better positioned for lower mortgage rates

Housing Wire

Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023. This is precisely what the doctor ordered for the housing market. As we can see below, it’s a much healthier year in inventory growth data than in 2023. However, this year, spreads have improved.

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The 2025 housing market for first-time homebuyers

Housing Wire

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 Market Activity Will Pick Up in 2025, But it Will Be a Bumpy Ride

Appraisal Buzz

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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Is the 2024 housing market beyond saving?

Housing Wire

I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024. Inventory is slightly up since last week There are 677,000 single-family houses unsold on the market right now, plus another 180,000 condos. That’ll be a 20% increase over the end of 2023.