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 Mortgage 534

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 398

Housing Market Investors Buyers Home Value 398

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 474

Inventory Housing Market Mortgage Law 474

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 401

Investors Tenants Real Estate Property Taxes 401

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 341

Home Value Housing Market Design Investors 341

Appraisal Buzz

JULY 16, 2024

/*! elementor – v3.22.0 – 26-06-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.elementor-drop-cap{color:#69727d;border:3px elementor – v3.22.0 – 26-06-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-

Home Value 398

Home Value Inventory Buyers Sellers 398

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. Cleveland (3.0) Buffalo, NY (3.2)

Buyers 273

Buyers Advertising Inventory Home Value 273

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 432

Market Value Home Value Housing Market Buyers 432

Housing Wire

NOVEMBER 7, 2023

That, combined with higher home valuations from sales last year, has meant that the average homeowner will pay an extra $130 annually in tax through fiscal year 2024, according to the county. single-family home was $3,901, up 3% compared to 2021, ATTOM reported. But home values and taxes have shot up in several neighborhoods.

Property Taxes 539

Property Taxes Home Value Government Valuation 539

Appraisal Buzz

AUGUST 8, 2024

“Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao. New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year.

Valuation 419

Valuation Housing Market Marketing Home Value 419

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 441

Agents Home Value Buyers Real Estate 441

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

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 347

Housing Market Marketing Inventory Real Estate 347

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 447

Insurance Supply Chain Real Estate Design 447

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 419

Construction Housing Market Inventory Home Value 419

Appraisal Buzz

SEPTEMBER 10, 2024

With mortgage rates on the decline and housing supply ramping up, affordability is on the rise for many, Realtor.com’s latest market analysis found that much anticipated market relief is on the way, and many potential buyers are stepping off the sidelines. home value is presently $362,481, up 3.3% over the past year.

Inventory 398

Inventory Buyers New Listings Marketing 398

Housing Wire

NOVEMBER 26, 2024

increase over the current $766,550 cap for 2024, aligning with home price trends. By comparison, the 2024 limit rose by 5.5%. Raising the conforming loan limit helps buyers finance higher-priced one-unit homes more efficiently, especially as affordability remains challenging. increase 2024: $766,550 — 5.5%

Finance 411

Finance Home Value Government Mortgage 411

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 333

Housing Market Marketing New Listings Home Value 333

Appraisal Buzz

OCTOBER 3, 2024

The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6% fall in August 2024. September 2024: National Housing Metrics Median listing price : (Change over September 2023: -1.0% September 2024 marked the slowest pace since 2019.

Marketing 419

Marketing New Listings Sellers Advertising 419

Appraisal Buzz

JULY 2, 2024

“Considering the ROI of remodeling projects is essential to understanding the value they can add to the home upon resale,” Fixr Content Specialist and Subject Matter Expert Carol J. If you plan to sell your home, focus on upgrades that give you the highest return for your money.” Alexander said. “If

Home Improvement 436

Home Improvement Investing Real Estate Real Estate Agent 436

Appraisal Buzz

SEPTEMBER 5, 2024

/*! elementor – v3.23.0 – 05-08-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.elementor-drop-cap{color:#69727d;border:3px in 2023, an annual national home price growth of 4.7%

Construction 461

Construction Inventory Housing Market Contracts 461

Appraisal Buzz

AUGUST 19, 2024

The record high in home prices—the median sale price nationally increased by 4% in June—has led to a record high in the percentage of American homes valued at $1 million or more. Even more expensive properties are seeing price increases: In Q2, the median sale price of luxury homes in the U.S. reached a record $1.18

Home Value 397

Home Value Luxury Properties Buyers Inspection 397

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

AUGUST 14, 2024

Moreover, homes in Columbus have garnered nationwide interest, reflected in a regional interest index of 0.5. Among out-of-state shoppers, buyers from New York exhibit the highest interest in Columbus homes, followed by shoppers from Virginia and California. The average Pittsburgh home value is $234,530, up 5.8%

Housing Market 398

Housing Market Marketing Home Value Inventory 398

Housing Wire

NOVEMBER 22, 2023

The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values. Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. 2019 level.

Inventory 403

Inventory Home Value Housing Market Buyers 403

Housing Wire

JUNE 26, 2024

To calculate the amount of time it takes minimum-wage workers to save for a down payment, the company analyzed Zillow ‘s median values for single-family homes and condominiums from May 2023 through April 2024. per hour and a median home value of $349,000. Department of Labor.

Home Value 354

Home Value Housing Market Realtors Finance 354

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 394

Finance Buyers Mortgage Home Value 394

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 461

Home Value Buyers Mortgage Marketing 461

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

Housing Wire

JANUARY 17, 2024

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. stares down the barrel of a considerable economic downturn.

Finance 422

Finance Real Estate Agent Real Estate Insurance 422

Housing Wire

SEPTEMBER 9, 2024

While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors. 13, 2024, with the final Miami rankings set to be released in Q4. As of Sept.

Real Estate 337

Real Estate Agents Marketing Real Estate Agent 337

Appraisal Buzz

AUGUST 13, 2024

The monthly mortgage payment on a typical, existing single-family home with a 20% down payment was $2,262—up 10.3% metropolitan areas saw home prices rise in the second quarter of 2024, with one area reaching a historic milestone, according to the latest report from the National Association of Realtors (NAR). from one year ago.

Buyers 398

Buyers Mortgage Home Value Marketing 398

Housing Wire

JUNE 21, 2024

I’ll share my favorite providers for real estate mailers in 2024, nine innovative direct mail marketing strategies you can start using today, and wrap up with best practices to make the most of your real estate mailer campaigns. To help narrow your choices, here are the five companies that I think offer the best ROI for agents. Happy mailing!

Real Estate 303

Real Estate Agents Tools Design 303

Housing Wire

OCTOBER 24, 2023

We have been the category leader in buyer nurture for many years now and we have been widely viewed by our customers as the best way to keep clients in an ecosystem that they have visibility and control over, but that was mainly around buyers. “It was a long time coming,” Andrew Flachner , RealScout’s co-founder and president, said. “We

Sellers 299

Sellers Home Value Client Relationships Agents 299

Appraisal Buzz

JULY 29, 2024

According to a recent report from First American , a combination of rising interest rates and escalating home prices is expected to maintain pressure on housing affordability through the end of 2024. The limited inventory of homes for sale, coupled with strong demand from buyers, has led to increased competition and higher prices.

Housing Market 394

Housing Market Home Value Inventory Finance 394

Appraisal Buzz

JULY 1, 2024

Per CoreLogic’s research, South Dakota—home to the historical Mount Rushmore—is the state with the second-fastest rate of appreciation, and Camden, New Jersey is among the top metro areas for appreciation in March 2024. Nevertheless, as of February 2024, the capital of Idaho’s prices had more than doubled over the previous five years.

Housing Market 419

Housing Market Inventory Real Estate Marketing 419

Housing Wire

JANUARY 3, 2024

That’s a problem when a typical Colorado home – as defined by Zillow ‘s Home Value Index – costs more than $528,000. When teachers can’t afford to buy homes, school districts can’t hire teachers. So who is solving housing affordability for these workers?

Landlords 432

Landlords Home Value Construction Renovations 432