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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.

Inventory 482
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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

Investors 486
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Are these the lowest mortgage rates we’ll see in 2024?

Housing Wire

Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. With the 10-year yield at 3.74% as of Friday, we have some room left to reach the very bottom of the 2024 forecast before the year is out.

Mortgage 524
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Rising inventory is the most positive housing market story in 2024

Housing Wire

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Weekly housing inventory data On Monday’s episode of the HousingWire Daily podcast , I will be discussing the 2024 year in review of the housing market.

Inventory 514
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Forbearance Levels Drop to Close Out 2024

Appraisal Buzz

The Mortgage Bankers Association (MBA) has released its monthly Loan Monitoring Survey , the final report for 2024, revealing that the total number of loans now in forbearance decreased by three basis points from 0.50% of servicers portfolio volume in the prior month to 0.47% as of December 31, 2024. million borrowers since March 2020.

Mortgage 412
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Home prices rise in nearly 90% of metros in Q4 2024

Housing Wire

metropolitan areas analyzed experienced annualized home-price gains in the fourth quarter of 2024, according to data published Thursday by the National Association of Realtors (NAR). NAR found that 201 of 226 metro areas (89%) saw sale prices for single-family homes rise on a yearly basis in Q4 2024, up from 87% in the prior quarter.

Realtors 395
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Redfin: Home prices rose 5.4% in 2024

Housing Wire

Redfin ‘s Home Price Index (HPI) for December 2024 revealed an 0.4% quarterly increase in home prices in the fourth quarter of 2024. from Q4 2023 to Q4 2024. Meanwhile, Fannie Mae’s 2025 forecast predicts that conditions won’t deviate much from 2024. monthly increase in U.S. in November.

Contracts 391