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. These increases are persisting despite mortgage rates near 7%. Mortgage rates have averaged above 6% for the past 24 months. The South led the way with a PHSI reading of 94.5

Inventory 435

Inventory Buyers Housing Market Mortgage 435

Appraisal Buzz

JANUARY 30, 2025

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance. To read the full report, including more data, charts, and methodology, click here.

Buyers 335

Buyers Property Taxes Mortgage HOA 335

Housing Wire

MARCH 5, 2025

Mortgage applications increased 20.4% from one week earlier on a seasonally adjusted basis as buyers pounced on lower rates , according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending Feb. ” The refinance share of mortgage activity increased to 43.8%

Mortgage 505

Mortgage Government Contracts Buyers 505

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.

Realtors 415

Realtors Buyers Marketing Mortgage 415

Housing Wire

MARCH 4, 2025

The pace of home sales remains near a 30-year low point as home prices and mortgage rates keep potential borrowers in wait-and-see mode. But mortgage rates have posted an unusually large decline in the past week. Mortgage pricing should be down a tad today, he said. First-time buyers dont have that problem.

Mortgage 484

Mortgage Contracts Buyers Housing Market 484

Appraisal Buzz

NOVEMBER 6, 2024

According to a recent Zillow poll, nearly half of recent homebuyers who obtained a mortgage did so at a rate lower than 5%. Even though mortgage rates are currently close to 7%, many purchasers who bought a home within the last year used unconventional thinking to become homeowners.

Buyers 370

Buyers Marketing Sellers Loan Officers 370

Appraisal Buzz

JANUARY 9, 2025

While home prices remain high and mortgage rates are forecasted to stay above 6% throughout 2025, the year is expected to see more inventory hit the market a silver lining for shoppers who will see more or less choice depending on where they are. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5 3 Villas, FL South 14.1% 236,950 3.4

Buyers 370

Buyers Investing Inventory Marketing 370

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

Housing Wire

FEBRUARY 27, 2025

Homebuyers faced worsening affordability conditions in January as the median monthly mortgage payment for purchase applicants increased to $2,205, a 3.7% jump from Decembers $2,127, according to the Mortgage Bankers Association (MBA). in December, signaling that mortgage payments have risen at a faster pace than rental costs.

Mortgage 410

Mortgage Buyers Housing Market Marketing 410

Appraisal Buzz

NOVEMBER 26, 2024

As 2025 draws near, mortgage rates are once again in the news. 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. Zillow predicts 4.3

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

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? .

Buyers 248

Buyers Inventory Housing Market Government 248

Housing Wire

OCTOBER 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. Demand is holding up to an extent for prospective first-time buyers.

Mortgage 521

Mortgage Inventory Buyers Marketing 521

Appraisal Buzz

NOVEMBER 21, 2024

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 Compared to September 2024, applications increased by 3 percent. This data also provides information regarding the types of loans used by new home buyers.

Mortgage 370

Mortgage Buyers Contracts Construction 370

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.

Buyers 311

Buyers Housing Market Mortgage Marketing 311

Appraisal Buzz

APRIL 3, 2025

Nonetheless, increasing price reductions and declining pending house sales indicate that buyers are being cautious, most likely as a result of the uncertain economic climate and customers growing anxieties about their individual financial circumstances. 2024 Change over Mar. 2024 Change over Mar. Key Highlights U.S.

Inventory 335

Inventory Buyers Contracts Sellers 335

Housing Wire

JANUARY 8, 2025

As mortgage rates continue to climb past the 7% mark, applications continued to take a step back following the New Year’s Day holiday. from the week prior, the Mortgage Bankers Association (MBA) reported in its weekly mortgage applications survey for the week ending Jan. Demand decreased by 3.7% the previous week.

Mortgage 448

Mortgage Government Buyers Marketing 448

Appraisal Buzz

OCTOBER 29, 2024

The statements were made during the Annual Convention of the Mortgage Bankers Association (MBA), which was held in Denver from October 27 to 30. “We 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.

Buyers 395

Buyers Appraisal Loan Officers Sellers 395

Appraisal Buzz

FEBRUARY 24, 2025

Homeownership remains a long, winding, and financially stressful path for some buyers seeking the American Dream. of Americans under 30 have a mortgage, according to a LendingTree research of anonymised credit reports of platform users. Compared to older buyers average of $367,681, that is 74.9% In the 50 largest U.S.

Mortgage 335

Mortgage Buyers Home Value Appraisal 335

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. Notably, 63% of first-time buyers were surprised by the cost. It was noted that 79% of buyers compromised on at least one priority. Among Gen Z, 49% exceeded their budget—over 1.5

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Housing Wire

OCTOBER 29, 2024

Economists pointed to lower mortgage rates as the reason for slower growth. According to Bright MLS, it’s the slowest annual gain in 2024 thus far and the first monthly decline since December 2022. On a non-seasonally adjusted basis, the national home price index posted a 4.2% gain year over year, less than the 4.8% gain from July.

Mortgage 487

Mortgage Sellers Buyers Housing Market 487

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 355

Housing Market Marketing Realty Real Estate 355

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

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 17, 2024

According to statistics from the September 2024 Builder Application Survey (BAS) by the Mortgage Bankers Association (MBA), mortgage applications for the purchase of new homes grew by 10.8% The number of applications fell by 6% from August 2024. over the previous year. Census Bureau ‘s New Residential Sales report.

Mortgage 396

Mortgage Contracts Construction Buyers 396

Housing Wire

NOVEMBER 27, 2024

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. Higher mortgage rates mean that some buyers might decide to wait until 2025.” That decline is due in part to the recent hurricanes and rising mortgage rates. However, there are headwinds.

Marketing 370

Marketing Realtors Housing Market Lending 370

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. from October 2024. The New Home Market Update from Zonda, a construction data provider, was released Friday. year over year.

Buyers 395

Buyers Construction Marketing Mortgage 395

Housing Wire

JANUARY 20, 2025

In the fourth quarter of 2024, sales were coming in at 5% to 10% more than the year prior. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. This housing market is on hold until mortgage rates come down. Theres signal that the price buyers are paying is declining too.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

DECEMBER 9, 2024

If 2024 was a rollercoaster, 2025 is shaping up to be a championship gameand every buyer , seller and homeowner has a shot at winning big. Wrapping up 2024 Lets get one thing straight: 2024 kept us on our toes. If that happens, expect a surge in activity as buyers whove been waiting on the sidelines finally jump in.

Mortgage 370

Mortgage Sellers Real Estate Buyers 370

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

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. Receiving family assistance for mortgage payments is also more common among homeowners who have children living with them.

Buyers 392

Buyers Agents Mortgage Clients 392

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. Although higher home prices , rising mortgage rates and other expenses are obvious factors, there may be more to the story. There is some hope for potential buyers and sellers if mortgage rates decline.

Inventory 488

Inventory Sellers Housing Market Contracts 488

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

Appraisal Buzz

OCTOBER 31, 2024

This is in line with the Mortgage Bankers Association ‘s (MBA) Purchase Applications Payment Index (PAPI), which uses information from the MBA Weekly Applications Survey (WAS) to calculate how new monthly mortgage payments change over time in relation to income. MBA is forecasting for rates to be around 6.3 by the end of the year.”

Mortgage 370

Mortgage Buyers Appraisal 370

Housing Wire

FEBRUARY 24, 2025

There are obviously fewer buyers who can afford these prices. Mortgage rates are a big variable here. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. However, mortgage rates were climbing to their highest level of the year at this time in 2024. This year its 2%.

Inventory 495

Inventory New Listings Sellers Contracts 495

Appraisal Buzz

MARCH 20, 2025

Todays buyers need to be armed with information, while demonstrating patience and flexibility, in order to achieve their dream of homeownership. For lenders, this provides an opportunity to tap into technology and increase offerings that buyers indicate they want to see.

Buyers 391

Buyers Technology Mortgage Appraisal 391

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. Sales increased 6.1%

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

OCTOBER 24, 2024

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “There is nothing like that face to face.

Retail 448

Retail Buyers Renovations Finance 448