Housing Wire

SEPTEMBER 27, 2024

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. Additionally, the majority of respondents (65%) said it was “very easy” or “somewhat easy” to get a buyer representation agreement signed, while only 16% rate it as “difficult.”

Sellers 499

Sellers Agents Buyers Brokerage 499

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 329

Inventory Buyers Home Value Housing Market 329

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% In 2022, the housing market was a little hotter than this year due to lower mortgage rates, pushing home prices up. Moreover, for the first time, the federal government backed mortgages north of $1 million.

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Finance Government Law Mortgage 534

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. Lower mortgage rates are having a positive impact on application levels, with the Mortgage Bankers Association (MBA) reporting last week that applications were up 3.9%

Mortgage 499

Mortgage Real Estate Agent Finance Buyers 499

Appraisal Buzz

JULY 16, 2024

The June 2024 report, which tracks home price changes at the national, state, and metropolitan areas (Core-Based Statistical Areas as set by the U.S. Also, an adjustment was made to the previous month’s data, with the house price growth reported from April 2024 to May 2024 revised downward by 0.1 percentage points, from 0.5%

Housing Market 397

Housing Market Buyers Valuation Finance 397

Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. Many of my CNBC interviews , starting from late last year and just last week , have been on this theme, and new listings have grown in 2024. However, the new listings data has slightly disappointed me.

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New Listings Inventory Mortgage Sellers 457

Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates. That’s ok — very few people are looking at the data without an agenda.

Mortgage 510

Mortgage Inventory New Listings Retail 510

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

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. 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% As the U.S.

Investors 393

Investors Real Estate HOA Housing Market 393

Housing Wire

OCTOBER 17, 2024

economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. in 2024 and 2% in 2025. in 2024 and 1.9% in 2024 and 1.9% in 2024 and 3.6% in 2024 and 3.6% in 2023 to 2.3% by the end of 2025.”

Sellers 505

Sellers Mortgage Buyers Business 505

Housing Wire

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level.

Mortgage 483

Mortgage Inventory New Listings Housing Market 483

Housing Wire

JULY 13, 2024

In 2023, following the collapse of Silicon Valley Bank , the spreads between the 30-year mortgage and 10-year yield were at their worst, leading to new cycle highs. This meant mortgage rates were significantly higher than average. Mortgage spreads Last year, the 10-year yield hit 5% and mortgage rates got above 8%.

Mortgage 484

Mortgage New Listings Inventory Contracts 484

Appraisal Buzz

JULY 9, 2024

The market is trending slightly in the direction of becoming more buyer-friendly thanks to these factors. While the quantity of homes on the market still trails pre-pandemic levels, home buyers are seeing more options to choose from as inventory increases,” said Danielle Hale, Chief Economist for Realtor.com. “The percentage points).

Housing Market 419

Housing Market Buyers Marketing Inventory 419

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. It will likely take mortgage rates to go under 6% and stay there for an extended period to get real sustained demand growth from record-low sales levels.

Mortgage 493

Mortgage Inventory New Listings Contracts 493

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 397

Housing Market Tenants Marketing Mortgage 397

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. I will watch for rising mortgage rates to see if they change the weekly data. I will watch for rising mortgage rates to see if they change the weekly data. So far, so good in 2024.

Inventory 531

Inventory Mortgage New Listings Sellers 531

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

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Inventory Buyers Housing Market Mortgage 320

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. With mortgage rates higher, will this stop inventory from growing year over year?

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Inventory Mortgage New Listings Housing Market 531

Housing Wire

SEPTEMBER 30, 2024

Buyers in August 2024 needed to earn $77,000 per year to afford a median-priced starter home of $250,000. Starter homes are defined as those priced in the fifth to 35th percentiles of their respective markets, and homes are deemed affordable if the mortgage payment consumes no more than 30% of the household income.

Buyers 417

Buyers Real Estate Mortgage Brokerage 417

Appraisal Buzz

OCTOBER 7, 2024

The combination of high prices and climbing mortgage rates tempered demand, leading to building inventory, the author explained. In response, eager sellers have brought prices down, suggesting that buyers are in a good position to negotiate,” Jones said.

Inventory 418

Inventory Housing Market Buyers Construction 418

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

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.

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Architecture Home Value New Listings Contracts 370

Housing Wire

JUNE 15, 2024

Since May 29, we’ve witnessed a decline in the 10-year yield, which has been favorable for mortgage rates. 10-year yield and mortgage rates After the intense jobs week data , we ran straight into CPI and PPI inflation week, with a Fed meeting thrown in! Once mortgage rates began rising in 2024, some demand was removed.

Mortgage 451

Mortgage Inventory Marketing New Listings 451

Housing Wire

AUGUST 16, 2024

year over year in Q2 2024, the largest increase since Q2 2022, according to a report published Thursday by Redfin. during the same period, which Redfin attributed to elevated mortgage rates and home prices. Redfin attributes this uptick to investors being quicker to come off the sidelines than consumer buyers. a year prior.

Investors 401

Investors Tenants Real Estate Property Taxes 401

Housing Wire

SEPTEMBER 3, 2024

With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. Lower rates have recently sparked more activity in the mortgage market. year over year.

Mortgage 437

Mortgage Inventory Buyers Sellers 437

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 419

Real Estate Sellers Buyers Renovations 419

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. Experts predict sales may increase later this year if mortgage rates gradually fall as projected.

Sellers 436

Sellers Buyers New Listings Mortgage 436

Housing Wire

JANUARY 2, 2024

Whitney referred to this trend as a “python” that could begin coming to fruition in the latter half of 2024, which could then persist “for the next several years,” she explained. “[T]hat, And the peak in existing home sales was 2005 when you had around 7 million transactions.”

Housing Market 517

Housing Market Marketing Real Estate Agent Real Estate 517

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

Mortgage 455

Mortgage Brokerage Real Estate Tenants 455

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 396

Buyers Appraisal Loan Officers Sellers 396

Appraisal Buzz

AUGUST 14, 2024

Mortgage relief is on the horizon for U.S. homebuyers as a strong economy bolsters the housing market, according to the Realtor.com 2024 Forecast Update. and 4.6%, respectively, despite ongoing challenges from elevated mortgage rates. and 4.6%, respectively, despite ongoing challenges from elevated mortgage rates.

Housing Market 396

Housing Market Marketing Mortgage Inventory 396

Appraisal Buzz

OCTOBER 8, 2024

Mortgage rates climbed in 44 U.S. states during the first half of 2024, leaving homebuyers anxiously awaiting relief. According to a new analysis from WalletHub , mortgage interest rates increased in all but six states from the first quarter to the second quarter of this year. Still, the differences between states remain stark.

Mortgage 436

Mortgage Housing Market Buyers Marketing 436

Housing Wire

SEPTEMBER 11, 2024

home in June 2022, you probably locked in about $1,400 a month in mortgage payments. Due largely to higher mortgage rates , that same home today would cost about $2,175 a month. In this week’s edition of DataDigest , we’re going to analyze what it would take for home sales to rocket in the fall and winter of 2024.

Mortgage 390

Mortgage Insurance Inventory Buyers 390

Housing Wire

JULY 22, 2024

Mortgage rates have come down with recent positive inflation news. I expect that mortgage rates under 6.75% and moving towards 6.5% Mortgage rates are down, but it doesn’t appear to have hit a threshold to incentivize homebuyers yet. real estate market as we’re now in the second half of 2024. Will consumers respond?

Buyers 414

Buyers Inventory New Listings Sellers 414

Housing Wire

OCTOBER 11, 2024

in the past year, driven by more cases of identity and transaction fraud New data shows that cases of fraud among mortgage applicants is on the rise — an eye-raising trend as demand from borrowers remains relatively quiet. The CoreLogic Mortgage Application Fraud Risk Index jumped by 8.3% year over year in the second quarter of 2024.

Mortgage 459

Mortgage Lending Insurance Real Estate 459

Housing Wire

AUGUST 14, 2024

Mortgage rates continued to recede during the past week, with the market anticipating a Federal Reserve rate cut next month and the U.S. At HousingWire ‘s Mortgage Rates Center , the 30-year conforming loan rate averaged 6.66% on Wednesday. economy showing signs of weakening. That is the slowest pace since March 2021.

Mortgage 446

Mortgage Tools Realtors Sellers 446

Sacramento Appraisal Blog

SEPTEMBER 11, 2024

Mortgage rates have gone down, but buyers aren’t that impressed yet. It seems like the real estate community is really excited about lower rates, but buyers aren’t sharing the enthusiasm so much (yet). Let’s talk about it and maybe kick around some language to describe today’s housing market.

Buyers 366

Buyers Housing Market Real Estate Appraisal 366