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.

Housing Market 397

Housing Market Investors Buyers Home Value 397

Appraisal Buzz

AUGUST 5, 2024

A new analysis from Zillow has found that luxury home value growth has now outpaced appreciation on typical homes for five consecutive months. The typical luxury home—defined by Zillow as the most valuable 5% of homes in a given region—is worth about $1,620,000. Luxury home values across the U.S.

Home Value 418

Home Value Inventory Buyers Marketing 418

Appraisal Buzz

AUGUST 2, 2024

Homeowner equity in the United States saw a significant increase in the second quarter of 2024, according to ATTOM Data’s latest U.S. Home Equity & Underwater Report. This rise marks a notable recovery from the first quarter of 2024, when 45.8% in Q1 2024 to 37.4% in Q2 2024. The report reveals that 49.2%

Home Value 418

Home Value Market Value Housing Market Mortgage 418

Housing Wire

JANUARY 16, 2025

Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. Across the 19 East Coast and Midwest states in which CSS operates, appraisals were higher than sale prices in 57% of transactions during the second half of 2024.

Appraisal 397

Appraisal Valuation Home Value Housing Market 397

Housing Wire

JANUARY 22, 2025

Single-family rental ( SFR ) homes are now priced 20% higher than the typical apartment, according to Zillow s rental market report for December 2024. metro areas and found that the typical asking rent for a single-family home reached $2,174 per month in December. Zillow analyzed the 50 largest U.S. year over year and 26.2%

Inventory 448

Inventory Home Value Housing Market Buyers 448

Housing Wire

NOVEMBER 7, 2024

Now, soaring premiums demand more careful review and sticker shock is prompting buyers to walk away from deals, especially in states like Florida and Texas. In California, where more than 7,000 wildfires occurred last year, the typical homeowner in many ZIP codes paid premiums as low as 0.05% of home value, according to the Times.

Insurance 482

Insurance Supply Chain Real Estate Design 482

Housing Wire

MARCH 24, 2025

In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5% The data is clear that selling off the MLS costs home sellers in communities of color thousands of dollars in lost value, Zillow senior economist Orphe Divounguy said in a statement.

Sellers 501

Sellers Real Estate Agents Realtors 501

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. With affordability shrinking, buyers are taking more risks to secure homes, according to HomeLight s 2025 Lender Insights & Predictions survey.

Loan Officers 317

Loan Officers Property Taxes Marketing Insurance 317

Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. below the revised August 2024 rate of 1,470,000, and 5.7% home value is $359,892, up 2.7% over the past year, which may further cause affordability issues for potential home buyers.

Construction 418

Construction Housing Market Inventory Home Value 418

Appraisal Buzz

JANUARY 8, 2025

What should be the most competitive markets for buyers this year share two characteristics: relative affordability and a dearth of available homes. Construction that keeps pace with an areas growth remains a crucial piece of keeping homes available and accessible. Thats the good news. 13 position this year.

Buyers 370

Buyers Sellers Home Value Construction 370

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% The downward investment-return trend continued despite the median national home price rising 5% to another annual record of $350,000.

Sellers 395

Sellers Investing Housing Market Home Value 395

Appraisal Buzz

DECEMBER 17, 2024

Manchester, New Hampshire is Zillows most popular city of 2024. The largest city in the state, Manchester has seen growing interest among home shoppers, Zillow says. That has contributed to the average home price jumping 7.3% To determine the most popular markets in 2024, Zillow analyzed housing metrics in cities across the U.S.

New Listings 195

New Listings Home Value Buyers Appraisal 195

Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. Zillow says that 2024 will finish with 4.06 million in 2025.

Housing Market 370

Housing Market Marketing New Listings Home Value 370

Housing Wire

MAY 8, 2024

Home prices trended up in almost all U.S. metro areas during the first quarter of 2024. The national median single-family existing-home price sat at $389,400 during the first quarter of 2024, up 5% compared to one year ago. Price dips in that region were viewed as second-chance opportunities by many buyers.”

Marketing 526

Marketing Buyers Realtors Home Value 526

Appraisal Buzz

DECEMBER 30, 2024

To be specific, the typical rate for a 30-year fixed-rate mortgage fell from 7.79% in October 2023 to 6.12% in October 2024. Your monthly house payment on a 15-year fixed-rate mortgage will be 25% or less of your monthly take-home pay. But 510% is okay, too, if youre a first-time home buyer. You have a down payment.

Housing Market 363

Housing Market Marketing Inventory Real Estate 363

Appraisal Buzz

NOVEMBER 8, 2024

The third-quarter 2024 study from ATTOM examines eligible low-income Opportunity Zones that Congress designated for economic revitalization under the 2017 Tax Cuts and Jobs Act. zones that had at least five home sales in the third quarter of 2024 and had enough data to analyze. In this analysis, ATTOM examined 3,857 U.S.

Housing Market 369

Housing Market Marketing Design Home Value 369

Appraisal Buzz

FEBRUARY 24, 2025

Actually, a lot of Gen Zers today have or are delaying marriage and having kids in order to purchase a home, according to a new LendingTree study. Homeownership remains a long, winding, and financially stressful path for some buyers seeking the American Dream. Compared to older buyers average of $367,681, that is 74.9%

Mortgage 335

Mortgage Buyers Home Value Appraisal 335

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. Home values are up from year-ago levels in 46 of the 50 largest metro areas.

Sellers 397

Sellers Buyers New Listings Home Value 397

Appraisal Buzz

OCTOBER 30, 2024

TransUnion’s survey found that four in five recent home buyers say their mortgage payments are straining their finances, and are looking to refinance their mortgage payments in the next 12 months. home value is currently $359,892, up 2.7% According to Zillow , the average U.S. year-over-year.

Finance 393

Finance Buyers Mortgage Home Value 393

Appraisal Buzz

OCTOBER 28, 2024

to $228 since 2019), according to a Redfin analysis of property taxes for single-family homes among the 50 most populous U.S. metropolitan areas, as of August 2024. Somewhat ironically, the state’s population boom has driven up home prices, and property taxes along with it,” said Elijah de la Campa, Senior Economist at Redfin.

Property Taxes 349

Property Taxes Home Value Government HOA 349

Appraisal Buzz

MARCH 20, 2025

The median existing-home sales price was $398,400 in February, an increase of 3.8% from February 2024. February marked the 20th consecutive month of year-over-year home price increases, NAR says. The inventory of unsold existing homes climbed 5.1% from the prior month to 1.24 million about a 3.5-month

Home Value 195

Home Value Inventory Buyers Realtors 195

Housing Wire

MAY 24, 2024

Median prices for homes and condominiums in federally designated opportunity zones rose in 49% of areas from fourth-quarter 2023 to first-quarter 2024, according to a report released Thursday by Attom. Attom analyzed 3,512 zones with sufficient data, defined as having at least five home sales in Q1 2024. territories.

Home Value 459

Home Value Housing Market Design Investors 459

Appraisal Buzz

NOVEMBER 6, 2024

The findings highlight the varying patterns for older Americans as shifting demographics, the pandemic, and overall buyer attitudes have impacted buying and selling decisions,” said Dr. Edward Seiler, Executive Director for RIHA, and MBA’s Associate VP of Housing Economics. “It home value is currently $359,892, up 2.7%

Home Value 459

Home Value Buyers Mortgage Appraisal 459

Appraisal Buzz

JANUARY 22, 2025

While builders response has kept multifamily rent growth steady for several months and stubbornly high mortgage rates are limiting buyer demand and home value increases, detached single-family home rentals are still rising at an accelerating rate. In the meantime, owned home value growth has leveled out at 2.6%

Inventory 370

Inventory Home Value Tenants Property Management 370

Housing Wire

NOVEMBER 28, 2023

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% Conforming loan limits are increasing at a slower pace, mirroring home prices, overall. However, home prices increased 5.56% on average between the third quarters of 2022 and 2023.

Finance 534

Finance Government Law Home Value 534

Housing Wire

MARCH 20, 2025

In July 2024, a coalition of five federal agencies the Consumer Financial Protection Bureau , the Federal Deposit Insurance Corp. , HUD and FHA handed down new appraisal bias protections in May 2024. According to a November 2022 report by The New York Times, racial gaps in appraised home values surged by 75% over the prior decade.

Appraisal 243

Appraisal Reconsideration of Value Real Estate Legal 243

Appraisal Buzz

FEBRUARY 18, 2025

cities where it is easiest to sell a home. cities on Zillow between December 2023 and December 2024. Zillows latest report states the average home value currently stands at $285,683 in the region, with 46.5% Presently, the average home value stands at $271,900, representing a 4.4% has uncovered the U.S.

Sellers 291

Sellers Home Value Buyers Real Estate 291

Housing Wire

OCTOBER 18, 2024

In fact, almost 20% of modern companies are fully remote as of 2024 , according to the U.S. After all, what good is a work-from-home job without a cozy home to work from? Later on, declining rates opened up supply in urban markets where inventory would normally be locked up due to buyers staying put with low interest rates.

Appraisal Process 448

Appraisal Process Appraisal Real Estate Inspection 448

Housing Wire

AUGUST 16, 2024

The number of home purchases by investors rose 3.4% year over year in Q2 2024, the largest increase since Q2 2022, according to a report published Thursday by Redfin. home purchases fell 1.9% during the same period, which Redfin attributed to elevated mortgage rates and home prices. annually in Q2 2024.

Investors 468

Investors Tenants Real Estate Property Taxes 468

Housing Wire

DECEMBER 13, 2023

While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. by the end of 2024, suggesting three 25 basis points (bps) cuts from current levels. These cuts will allow mortgage rates to fall faster throughout 2024. in 2025, indicating four more 25 bps cuts. “The

Inventory 488

Inventory Housing Market Mortgage Law 488

Housing Wire

FEBRUARY 27, 2025

While the key statistics about a property will be available to buyers in the real estate listing description, residential buyers tend to shop with their emotions. Your listing description allows you, as the listing agent, to showcase the property’s best features in a way that reaches potential buyers on a deeper level.

Real Estate 387

Real Estate Buyers Agents Renovations 387

Appraisal Buzz

OCTOBER 18, 2024

home sale decreased in the third quarter, according to ATTOM’s 2024 U.S. Home Sales Report. profit margin on typical single-family home and condo sale during the quarter – down one percentage point from the second quarter and down two points from the third quarter of last year. The average return on a U.S.

Home Value 221

Home Value Sellers Housing Market Buyers 221

Appraisal Buzz

JULY 16, 2024

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Home Value 397

Home Value Inventory Buyers Sellers 397

Housing Wire

AUGUST 1, 2024

Rapidly rising home prices are bad news for prospective buyers, but they’re proving quite beneficial for homeowner equity. That’s according to a new report from ATTOM Data Solutions that found that in the second quarter of 2024, 49.2% in the first quarter of 2024 to 2.4%. It’s the lowest level since at least 2019.

Market Value 482

Market Value Home Value Housing Market Buyers 482

Housing Wire

JUNE 5, 2024

home values is growing faster that the more commonly viewed metric of listing price. during the five-year period ending in May 2024. By comparison, the national median list price for a home jumped 37.5% from May 2019 to May 2024. A report released Wednesday by Realtor.com shows that a key measurement of U.S.

Agents 523

Agents Home Value Buyers Real Estate 523

Housing Wire

NOVEMBER 21, 2024

Visit Market Leader Engage with buyer leads Purpose: Guide buyers through their journey and keep them excited about finding their dream home. Script 6: New buyer lead introduction Hi [Name], thanks for reaching out! I’d love to help you find your dream home. Let’s touch base soon to start viewing some homes!

Real Estate 370

Real Estate Real Estate Agent Sellers Clients 370

Lamacchia Realty

OCTOBER 25, 2024

September 2024 SOUTH FLORIDA Housing Report SOUTH FLORIDA Home Sales Down, Average Price Up Home sales are down 16.5% year over year, with September 2024 at 5,170 compared to 6,190 last September. The decline in total sales and pending homes suggests that buyer demand may be weakening.

Real Estate 74

Real Estate Sellers Buyers Home Value 74