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Real estate investors purchased 16% of homes in Q3 2024

Housing Wire

year over year in Q3 2024, representing a small change after four years of fluctuations. billion worth of properties in Q3 2024, up 3.4% of all homes sold in Q3 2024, down from 16.2% As the U.S. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% Investors purchased $38.8

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Why didn’t we see a national home-price correction in 2024?

Housing Wire

Notably, we compared the data from 2022 and 2023 and noticed positive year-over-year data starting in October 2024, which you can see in the chart below. Active inventory typically decreases at this time of year, but in 2024 it did not drop below 1 million. For me, the highlight of 2024 was the growth in active inventory.

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Survey: Home insurance rates rise for most policyholders in 2024

Housing Wire

homeowners saw their insurance rates increase in 2024, according to a recent survey by ValuePenguin. The survey of nearly 2,000 consumers found that 67% experienced rate increases in 2024, down slightly from 72% in 2023. Two-thirds of U.S. Gen Z respondents (79%) were most in favor of government action.

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Fannie Mae’s mortgage acquisition volume rose in 2024, but profits shrank slightly

Housing Wire

On Friday, Fannie Mae reported $17 billion in net income in 2024, down slightly from its $17.4 billion in the fourth quarter of 2024, marking its 28th consecutive quarter of positive earnings. In 2024, Fannie Mae provided $381 billion of liquidity to the single-family and multifamily mortgage markets. billion profit in 2023.

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Fix-and-flip activity was down in 2024, but profit margins grew slightly

Housing Wire

fell in 2024, continuing a downward trend as real estate investors grapple with tight profit margins. According to Attom s 2024 U.S. The home-flipping industry saw investors shy away even more in 2024 amid the extended period of languishing profits. in 2023 to 72% in 2024. The number of home flips across the U.S.

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Senior-held home equity falls in Q4 2024

Housing Wire

Homeowners 62 and older saw their collective home equity levels drop by 1% in Q4 2024 to a total of $13.95 in Q3 2024 before falling an additional 1% in Q4. trillion , according to the RMMI report released in March 2024. After peaking at a high point of $14.09 billion) increase in senior-held mortgage debt.

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Cybercrime resulted in record losses in 2024

Housing Wire

Although the FBI s Internet Crime Complaint Center (IC3) received fewer complaints in 2024 than in 2023, financial losses were up 33% annually to $16.6 In total, IC3 received 859,531 complaints in 2024, down from 880,418 complaints in 2023. billion in losses in 2024, down roughly $2 million from 2023.

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