Appraisal Buzz

JANUARY 2, 2025

The October 2024 results for the S&P CoreLogic Case-Shiller Indices were issued today by the S&P Dow Jones Indices (S&P DJI). In October 2024, the leading indicator of U.S. a modest decrease from the previous 2024 annual gains. An overview of the October 2024 results (Top 10 U.S. last month). Jul-06 134.00

Inventory 359

Inventory Buyers Home Value Housing Market 359

Appraisal Buzz

JANUARY 9, 2025

Even in these high-opportunity areas, tradeoffs likely need to be considered for buyers to get to the closing table. Choosing the best place will come down to whats most important to each buyer and their family, and our list of places, and their qualities, is a good guide. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5

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Buyers Investing Inventory Marketing 370

Housing Wire

FEBRUARY 6, 2025

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.

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Realtors Buyers Marketing Mortgage 414

Housing Wire

DECEMBER 30, 2024

Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. “Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years.

Inventory 435

Inventory Buyers Housing Market Mortgage 435

Housing Wire

FEBRUARY 20, 2025

A recent Zillow survey found that 62% of all Black homebuyers in 2024 were first-timers, the same level as the previous year. In contrast, first-time buyers accounted for only 44% of the market, down from 50% in 2023. These factors disproportionately impact lower-income households and Black buyers in particular, Zillow said.

Housing Market 362

Housing Market Buyers Law Lending 362

Appraisal Buzz

NOVEMBER 6, 2024

Prior to the pandemic, the average mortgage payment was 115% higher; it most recently peaked in May 2024. Key Findings: Although average mortgage rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%. The purchasing power of house shoppers was directly impacted by this.

Buyers 370

Buyers Marketing Sellers Loan Officers 370

Housing Wire

MARCH 27, 2025

homebuyers continued making historically large down payments in late 2024, responding to a year of record-high upfront housing costs , according to a Realtor.com report. For all of 2024, buyers put down an average of $29,900, or 14.4% ” How can buyers afford to put more down? .

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Buyers Inventory Housing Market Government 232

Housing Wire

JANUARY 27, 2025

Distressed home sales marketplace Auction.com released a new report Monday highlighting a drastic drop in foreclosure auction property volume in the fourth quarter of 2024. But auction buyers are still willing to enter the market as the new presidential administration settles into office.

Inventory 348

Inventory Buyers Marketing Sellers 348

Appraisal Buzz

MARCH 5, 2025

From rates bordering the 7% range, to record high home prices, many home buyers are sitting on the sidelines waiting for a seismic change to hit the U.S. New data from LendingTree shows that among those active in the market last year, first-time buyers received a larger share of offers than those who already own. housing market.

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Buyers Housing Market Mortgage Marketing 311

Appraisal Buzz

DECEMBER 18, 2024

Manchester, NH, Zillow s most favored city for 2024, was a hit with an influx of homebuyers this year. cities, such as page-view traffic, home value increase, and the speed at which properties sell, in order to identify the most popular markets in 2024. Zillow examined housing variables that represent consumer demand in U.S.

Architecture 370

Architecture Home Value New Listings Contracts 370

Appraisal Buzz

OCTOBER 29, 2024

The platform began in October 2023 with local level data in only three states, but it has since grown to include data in around 40 states, with goals to reach all 50 by the end of 2024. The post Freddie Mac Enhances Product Selection With an Emphasis on First-Time Buyers first appeared on The MortgagePoint.

Buyers 395

Buyers Appraisal Loan Officers Sellers 395

Housing Wire

FEBRUARY 24, 2025

Sothebys International Realty recently released its 2024 performance report. According to the report, Sothebys did $157 billion in global sales in 2024, and its U.S. According to the report, global expansion was a staple of Sothebys growth strategy in 2024. sales volume increased 9.4% year over year. In the U.S.,

Housing Market 348

Housing Market Marketing Realty Real Estate 348

Appraisal Buzz

NOVEMBER 13, 2024

The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. times more than boomers (31%).

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Appraisal Buzz

JANUARY 30, 2025

According to new research from Real Estate Witch , a Clever Real Estate publication,the average American homeowner now spends $24,529 annually, or $2,044 monthly, on home expenses in addition to their mortgageup from $17,958 in 2024. The post Non-Mortgage Homeownership Costs Shock First-Time Buyers first appeared on The MortgagePoint.

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Buyers Property Taxes Mortgage HOA 335

Housing Wire

DECEMBER 20, 2024

The combination of the 2024 presidential election , anticipated future rate cuts, mortgage rate volatility and housing affordability challenges have led more potential homebuyers to stay on the sidelines. Its survey data for November 2024 showed that 10% of builders reported that consumers were reentering the market following the election.

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Buyers Construction Marketing Mortgage 395

Appraisal Buzz

NOVEMBER 13, 2024

“Technology has enabled homeowners to live more sustainably and more affordably, which is a growing priority for prospective buyers,” said Amanda Pendleton, a Home Trends Expert at Zillow. It is an indication that a feature is in demand and appealing to a buyer when it appears in an increasing percentage of listings.

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Buyers Design Real Estate Agent Real Estate 418

Sacramento Appraisal Blog

JANUARY 14, 2025

It’s great news that 2024 performed better than the 2023 housing market. Seeing more buyers and sellers able to participate is absolutely what we want to see. Let’ get into it. Skim quickly by topic or digest slowly.

Housing Market 336

Housing Market Marketing Sellers Appraisal 336

Housing Wire

NOVEMBER 27, 2024

“The October pending sales data is a sign that fourth-quarter sales will be strong enough so that 2024 sales end up higher than 2023,” Bright MLS chief economist Lisa Sturtevant said in a statement. Higher mortgage rates mean that some buyers might decide to wait until 2025.” However, there are headwinds. million.

Marketing 370

Marketing Realtors Housing Market Lending 370

Appraisal Buzz

DECEMBER 20, 2024

The study results come from an Ipsos survey that was commissioned by Redfin and administered to 1,802 Americans between the ages of 18 and 65 in September 2024. The post Buyers With Children More Likely to Receive Family Down Payment Assistance first appeared on The MortgagePoint.

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Buyers Agents Mortgage Clients 392

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

Housing Wire

DECEMBER 4, 2024

While Kelly is hoping 2025 has fewer surprises than 2024, he said this way of thinking and preparing is something that HomeServices of America plans to carry into the new year. “It We were originally founded with the idea of having anything you need as a buyer or a seller transacting real estate all under one roof.

Legal 395

Legal Agents Real Estate Brokerage 395

Appraisal Buzz

MARCH 4, 2025

trillion in 2024 to reach $49.7 There are more homes for sale right now than in recent years and that has led to buyers markets in many areas of the country. Albany, New York Top 10 Metros w/ the Fastest Growing Total Home Value (2024) Rank Metro % Growth YoY $ Growth YoY Total Metro Home Value 1 Albany, NY 11.3% $11.2B $110.6B

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Home Value Housing Market Buyers Marketing 243

Housing Wire

FEBRUARY 5, 2025

The companys baseline forecast is for 69,000 foreclosure-auction sales this year, down 8% from 2024 and the lowest figure for any year aside from 2021, when pandemic-induced foreclosure moratoriums were in place. in the third quarter of 2024, according to the Federal Housing Finance Agency , while the U.S. for the year.

Retail 417

Retail Renovations Buyers Finance 417

Housing Wire

OCTOBER 24, 2024

Although completed foreclosure auctions have plateaued in 2024 at less than half of pre-pandemic levels, the number of delinquent mortgages is close to pre-pandemic levels, according to an Auction.com analysis of public record data from ATTOM Data Solutions and survey data from the Mortgage Bankers Association (MBA). There is a lot of fear.”

Retail 448

Retail Buyers Renovations Finance 448

Appraisal Buzz

DECEMBER 23, 2024

Using factors like market stability, long-term growth, affordability, and market fluidity, this guide highlights housing markets expected to perform well in 2024. The Best States for Homebuyers in 2024 ConsumerAffairs analysis ranks states with strong market resilience, potential for value appreciation, and affordability.

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Housing Market Investors Buyers Home Value 397

Housing Wire

JANUARY 27, 2025

Even better, new home sales for the calendar year 2024 are estimated at 683,000, which is 2.5% Still, higher new home sales doesnt begin to offset the gap left by existing-home sales, which were at an almost 30-year low in 2024 at 4.06 While existing home sales fell to a near 30-year low in 2024, new home sales continued to increase.

Inventory 476

Inventory Buyers Housing Market Construction 476

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 488

Inventory Sellers Housing Market Contracts 488

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” said Skylar Olsen, Zillow Chief Economist. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.”

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Appraisal Buzz

DECEMBER 19, 2024

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%. In November, 25% of transactions were cash sales, compared to 27% in October 2024 and November 2023. from October to 4.15

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

DECEMBER 11, 2024

The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. in the first half of 2024, and the median luxury home price jumped by 14.2%. in the first half of 2024, and the median luxury home price jumped by 14.2%. Thats compared to a 12.9%

Housing Market 370

Housing Market Marketing Buyers Real Estate 370

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 397

HOA Property Taxes Construction Buyers 397

Appraisal Buzz

NOVEMBER 25, 2024

Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” says Skylar Olsen, chief economist for Zillow, in a statement. More inventory should shake loose in 2025, giving buyers a bit more room to breathe. million in 2023 and a projected 4 million in 2024.

Housing Market 365

Housing Market Marketing Buyers Construction 365

Housing Wire

MARCH 8, 2025

When the National Association of Realtors (NAR) first started its Profile of Home Buyers and Sellers in 1981, it found that single women were the second largest demographic in the U.S. “In 1981, 73% of home buyers were married couples, 11% were single women and 10% were single men. housing market , trailing only married couples.

Buyers 354

Buyers Legal Realtors Realty 354

Appraisal Buzz

JANUARY 27, 2025

Whilescheduled foreclosure auctions slightly increased from a two-year low in the previous quarter, the supply of properties available to purchase at foreclosure auction fell to a three-year low in Q4 of 2024. With the high interest rates, (my) buyers pool is almost dry.

Sellers 415

Sellers Buyers Marketing Real Estate 415

Housing Wire

MARCH 25, 2025

-based Consumer Policy Center (CPC) warns that the common practice of percentage-based real estate commissions may be a financial disadvantage for home buyers and sellers. The report is titled How Percentage-Based Commissions Can Harm Home Buyers and Sellers and What They Can Do About It. The issue is backed by academic research.

Agents 365

Agents Buyers Sellers Real Estate 365

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

Appraisal Buzz

MARCH 10, 2025

Buyers are willing to pay nearly 4% more than expected for a home that is already remodeled (3.7%)an Thats the highest sale price premium of all 359 listing keywords in a new study by Zillow , which looked at more than two million homes listed for sale on their site in 2024. Sorry, Home Depot, we have entered the age of move-in ready.

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Renovations Home Value Buyers Sellers 414