Housing Wire

JANUARY 30, 2025

According to Bright MLS chief economist Lisa Sturtevant, 2024 marked a 30-year low for pending home sales. Economic data never moves in a straight line. High mortgage rates have not significantly dented housing demand due to greater numbers of cash transactions.

Contracts 411

Contracts Housing Market Buyers Realtors 411

Housing Wire

MARCH 12, 2025

Reverse mortgage leader Finance of America (FOA) recorded a quarter-over-quarter loss in the fourth quarter of 2024, but still notched a full-year profit. The company reported a 77% increase in growth between the first and second halves of 2024. per share reflects our continued strong performance for 2024.

Finance 375

Finance Retail Tools Mortgage 375

Housing Wire

MARCH 19, 2025

An analysis by SFR Analytics , which tracks nationwide real estate transactions, found that the threshold to rank among the top 10 buyers in 2024 was nearly 80% lower than it was in 2021, when institutional firms routinely acquired 5000-plus homes annually. Even among active buyers, net acquisitions were low.

Investors 316

Investors Real Estate Buyers Marketing 316

Housing Wire

MARCH 20, 2025

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.

Investors 295

Investors Finance Renovations Buyers 295

Housing Wire

DECEMBER 27, 2024

Rates, rates and rates Peter Sciandra Mortgage rates were by far the most-cited challenge among the pool of industry professionals who spoke with HousingWire s Reverse Mortgage Daily (RMD) about the challenges of 2024. Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp.

Mortgage 396

Mortgage Retail Lending Business 396

Housing Wire

DECEMBER 27, 2024

A new report from Redfin revealed that active listings climbed 12% year over year (954,703 listings) during the four weeks ending December 22, though that was the smallest increase since March. Pending home sales sat at 58,267 for the four weeks, marking a year-over-year change of -3.4% the first drop in three months, per Redfin’s data.

New Listings 417

New Listings Sellers Marketing Housing Market 417

Housing Wire

APRIL 5, 2025

Weekly pending contracts for the last week over the past several years: 2025: 367,776 2024: 363,834 2023: 335,017 For both purchase apps and pending sales, the data presents an interesting trend: the positive weekly figures we’ve been observing coincide with mortgage rates exceeding my growth threshold. Stay alert for breaking news.

Mortgage 532

Mortgage New Listings Inventory Housing Market 532

Housing Wire

MARCH 15, 2025

Last year, when mortgage rates ranged from 6.75% to 7.50%, the weekly data looked like this: 14 negative prints 2 flat prints 2 positive prints There was no year-over-year growth to report when comparing 2024 and 2023. By early 2024, mortgage rates increased slightly to 6.63%.

Mortgage 535

Mortgage New Listings Inventory Housing Market 535

Housing Wire

APRIL 9, 2025

Mortgage applications increased by 20% to its highest level since September 2024, driven by purchase and refinance applications picking up in a volatile week where economic uncertainty caused rates to drop across the board.

Mortgage 479

Mortgage Contracts Inventory 479

Housing Wire

NOVEMBER 23, 2024

10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% This week was relatively calm for mortgage rates as the 10-year yield continues to hold steady at a critical level, which ranges from 4.40% to 4.50%. Weekly inventory change (Nov.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Appraisal Buzz

NOVEMBER 13, 2024

About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Although 66% of buyers with agents in 2024 had their commissions covered by sellers, this is no longer required. Click here to access Clever Real Estate’s report, “ The True Cost of Buying a Home in 2024.”

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Housing Wire

DECEMBER 21, 2024

Therefore, Id like to conclude that 2024 ended the year slightly positively. Mortgage spreads The unsung hero of the housing market in 2024 has been the improvement in mortgage spreads. My home price forecast for 2024 was a growth rate of 2.33%, but it appears that this estimate may be too low. Weekly inventory change (Dec.

Housing Market 502

Housing Market Marketing Inventory New Listings 502

Appraisal Buzz

APRIL 8, 2025

One-third of buyers (33%) surveyed said they expect home prices in their local market to decline in 2025, down from 40% in the 2024 buyer survey, and on par with the 32% in the 2023 buyer survey. Nearly two-thirds of Auction.com buyers surveyed (64%) expect their property purchases to increase in 2025, up from 60% in 2024 and 54% in 2023.

Buyers 389

Buyers Renovations Investors Development 389

Appraisal Buzz

OCTOBER 31, 2024

remain unoccupied, according to ATTOM ‘s fourth-quarter 2024 Vacant Property and Zombie Foreclosure Report. from Q3 of 2024. In Q4 of 2024, roughly 7,100 of such pre-foreclosure properties remain unoccupied as zombie foreclosures, or pre-foreclosure properties that the owners have abandoned. from 7,007 in Q3 of 2024.

Housing Market 369

Housing Market Marketing Investors Construction 369

Appraisal Buzz

JANUARY 6, 2025

income of $83,782 in 2024 wouldve had to spend 41.8% In 2024, a homebuyer needed to earn an annual income of at least $116,782 if they wanted to spend no more than 30% of their earnings on monthly housing payments for the median-priced home. The median monthly housing payment for homebuyers hit a record of $2,920 in 2024, rising 4.3%

Inventory 431

Inventory Construction Appraisal Mortgage 431

Housing Wire

DECEMBER 30, 2024

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January. The elephant in the room is affordability. Each line is a year.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Appraisal Buzz

JANUARY 23, 2025

ATTOM has released its Year-End 2024 U.S. Home Sales Report , which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% housing market mostly rebounded nicely in 2024. generally reaped the highest returns on investment in 2024. The typical 2024 price was almost 2.5

Sellers 395

Sellers Investing Housing Market Home Value 395

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%. in Q4 2024, an increase from the downwardly revised 1.2% growth rate in Q3 2024. Fannie Mae ‘s latest Home Price Index (HPI) shows single-family home prices increased 5.8%

Housing Market 417

Housing Market Inventory Mortgage Marketing 417

Housing Wire

DECEMBER 19, 2024

This scenario isnt new, most forecasters got the mortgage trends for 2024 wrong too. At the time, most mortgage market observers expected that rates had reached their peak and would generally decline in 2024, stabilizing at perhaps 6% or lower by now. And yet at the end of 2024, thats exactly where rates are.

Mortgage 488

Mortgage Housing Market Marketing Realtors 488

Housing Wire

OCTOBER 13, 2024

Weekly housing inventory data Four weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates : I gave it the chef’s kiss. Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. Still, at least we saw growth in 2024.

Inventory 510

Inventory New Listings Retail Mortgage 510

Appraisal Buzz

JANUARY 16, 2025

ATTOMs Year-End 2024 U.S. properties in 2024, down 10% from 2023, down 1% from 2022, and down 35% from 2019, before the pandemic shook up the market. Foreclosure filings in 2024 were also down 89% from a peak of nearly 2.9 Foreclosure filings in 2024 were also down 89% from a peak of nearly 2.9 million in 2010.

Lending 389

Lending Investors Housing Market Marketing 389

Housing Wire

DECEMBER 19, 2024

million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021. The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. year-over-year increase, its the fifth consecutive month of declines from the 2024 peak of $426,900 in June. While thats a 4.7%

Inventory 458

Inventory Realtors Housing Market Real Estate 458

Housing Wire

JANUARY 29, 2025

The housing market in 2024 was about as frustrating for the real estate industry as you can imagine. According to NAR, existing-home sales finished 2024 at a dismal 4.06 Census Bureau data, these sales topped 683,000 in 2024, which is the second consecutive annual gain. Sales finished 2024 on a relative high note.

Sellers 444

Sellers Housing Market Realtors Inventory 444

Appraisal Buzz

JANUARY 14, 2025

from 2023 to 2024, according to CoreLogics latest research , and have risen 27.4% property tax payment in 2024 reached $3,018. rise in property taxes from 2023 to 2024 and a staggering 52.9% from 2023 to 2024 and 51.5% Click here for more on CoreLogics examination of property taxes in 2024. since 2019.

Property Taxes 435

Property Taxes Government Mortgage Buyers 435

Appraisal Buzz

MARCH 20, 2025

ATTOM has released its year-end 2024 U.S. Profits and profit margins rose slightly in 2024 on typical buy-renovate-and-resell projects, but margins remained at one of their low points over the past decades, as investors continued struggling to take advantage of the nations housing market boom. were flipped in 2024down 7.7%

Renovations 355

Renovations Investors Finance Property Taxes 355

Appraisal Buzz

DECEMBER 5, 2024

Down payment shares peaked early this year, in Q2 2024 versus the normal Q3 trend, according to Realtor.coms bi-annual down payment report. Nationwide, down payments in Q3 of 2024 averaged 14.5% with a median down payment of $30,300, down from Q2 2024s historical peak of 14.9% and $32,700. pp), Vermont (1.1

Inventory 397

Inventory Buyers Mortgage Appraisal 397

Housing Wire

DECEMBER 17, 2024

Applications decreased by 12% from October 2024. MBA estimates from the builder application survey show that sales of new single-family homes were running at a seasonally adjusted annual rate of 713,000 units in November 2024. MBA estimates that there were 49,000 new-home sales in November 2024, an unadjusted decrease of 12.5%

Mortgage 393

Mortgage Marketing Inventory 393

Housing Wire

DECEMBER 30, 2024

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic.

Inventory 487

Inventory Sellers Housing Market Contracts 487

Appraisal Buzz

JANUARY 8, 2025

The CoreLogic Home Price Index (HPI) and HPI Forecast for November 2024 have been made public by CoreLogic. The increase coincided with Freddie Macs announcement that 30-year fixed-rate mortgages increased to about 7% at the start of 2025the highest level since July 2024. year over year in November 2024 compared with November 2023.

Mortgage 389

Mortgage Buyers Appraisal Marketing 389

Housing Wire

MARCH 5, 2025

Those factors resulted in the largest weekly decline in the 30-year fixed rate since November 2024. At 6.73%, the rate is now at its lowest level since December 2024, said Joel Kan , MBAs vice president and deputy chief economist.

Mortgage 505

Mortgage Government Contracts Buyers 505

Housing Wire

JANUARY 16, 2025

of listings in 2024 had some sort of HOA fee and these expenses became even more costly. The listings portal combined weekly data on for-sale listings in 2023 and 2024 for comparison. Also, the median monthly fee rose over the past year, increasing from $110 in 2023 to $125 in 2024. Realtor.com’s report found that 40.5%

HOA 395

HOA Property Taxes Construction Buyers 395

Housing Wire

DECEMBER 8, 2024

mortgage holders experienced a home equity increase in the third quarter of 2024 up 2.5% CoreLogic’s Q3 2024 Homeowner Equity Insights report showed that the total number of mortgaged homes with negative equity rose by 3.5% billion from Q2 2024 and $9.1 year over year to a total of $17.5 trillion nationwide. of all U.S.

Insurance 395

Insurance Mortgage Buyers 395

Housing Wire

FEBRUARY 8, 2025

However, spreads have improved in 2024 and 2025, which is helping to limit how high mortgage rates can go this year. While this isnt the grand prize people want, it does show that mortgage rates would be much worse if the spreads didnt improve in 2024 and 2025. In 2023, spreads reached as high as 3.10%. Weekly inventory change (Jan.

Mortgage 481

Mortgage Inventory New Listings Contracts 481

Appraisal Buzz

APRIL 2, 2025

consumers , two in three home insurance policyholders said their rates rose in 2024. The survey found that, in just a year, the rate of home insurance policyholders who worry their homes will become uninsurable nearly doubled, with 50% of policyholders fearing this will happen, up from 26% in 2024.

Insurance 377

Insurance Government Appraisal Marketing 377

Housing Wire

FEBRUARY 17, 2025

” According to CoreLogic data, the median 2024 property tax in Florida was $3,101, a 9.5% According to Insurify, home insurance premiums rose about 7% in 2024 and are expected to keep rising. increase over the prior year and up 47.5% Property taxes have skyrocketed in South Florida in particular. in neighboring Broward County.

Property Taxes 528

Property Taxes Insurance 528

Appraisal Buzz

MARCH 17, 2025

CoreLogic has issued its Homeowner Equity Report (HER) for Q4 of 2024 which found that nationwide, borrower equity increased by $281.9 homeowners with mortgages (which account for roughly 61% of all properties) saw home equity increase by about $4,100 between Q4 2023 and Q4 2024, which is less than the gain of $6,000 in Q3 2023.

Mortgage 390

Mortgage Government Appraisal Marketing 390

Housing Wire

JANUARY 17, 2025

I aim to keep things straightforward: the housing starts data for 2024 marked the lowest level in five years. In August 2024, there were 1,763,000 completed starts, but this number has since decreased to 1,544,000. The number of newly completed new homes for sale has risen to 120,000. While rates in the 6-6.5%

Mortgage 488

Mortgage Housing Market Construction Marketing 488