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.

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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. home values had an annual growth of 3.6%a a modest decrease from the previous 2024 annual gains. National Index showed a 0.3%

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Appraisal Buzz

AUGUST 9, 2024

Home prices in Opportunity Zones across the United States continued to climb in the second quarter of 2024, with median values rising in more than half of the areas targeted for economic redevelopment, according to a new report from ATTOM Data, a real estate data firm.

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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% compared to the current limit of $726,200 , the Federal Housing Finance Agency (FHFA) announced Tuesday. Conforming loan limits are increasing at a slower pace, mirroring home prices, overall.

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Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. in 2025, indicating four more 25 bps cuts.

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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. Top Cities With Strong Housing Markets in 2024 Data from sources like the U.S. metropolitan areas and all states.

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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. By contrast, the U.S. median price increased 3.4% year over year in Q4 2023. one year ago.

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Marketing Buyers Realtors Home Value 482

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. As a result, the local housing market is going to be subdued in 2023, especially in the first half of the year. most likely by mid-year.

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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.

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Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. 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%

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Appraisal Buzz

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has announced that the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the GSEs) in 2025. the 2025 CLL value for one-unit properties will be $806,500, an increase of $39,950 (or 5.2%) from 2024. home price. In most of the U.S.,

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Appraisal Buzz

DECEMBER 6, 2024

A recent analysis of Federal Housing Finance Agency (FHFA) data by the Urban Institute dispels the myth that manufactured homes do not appreciate as much as site-built homes. Over this period, site-built homes appreciated 212.6%, while manufactured homes followed closely at 211.8%. and 209.6%, respectively.

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Housing Wire

AUGUST 1, 2024

That’s according to a new report from ATTOM Data Solutions that found that in the second quarter of 2024, 49.2% of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. in the first quarter of 2024 to 2.4%.

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Appraisal Buzz

JULY 16, 2024

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Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022. in Q1 2024 and now represents 1 million homes nationwide.

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Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Single-family housing starts in September improved for the second consecutive month, as builder sentiment has improved. below the revised August 2024 rate of 1,470,000, and 5.7%

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Appraisal Buzz

SEPTEMBER 5, 2024

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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.

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Appraisal Buzz

JUNE 25, 2024

home value at $360,681 , up 4.3% year-over-year according to Zillow, the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey found that the total number of loans now in forbearance declined slightly to 0.21% as of May 31, 2024. ATTOM’s May 2024 Foreclosure Market Report found a total of 32,621 U.S.

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Housing Wire

FEBRUARY 26, 2024

Reverse mortgage loan originators all seem to agree that 2024 is off to a better overall start in business than a tepid 2023 might suggest. The product maintains the non-recourse feature of other reverse mortgages, contains no origination or monthly servicing fees, and has no minimum home value requirement.

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Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. increase over the current $766,550 cap for 2024, aligning with home price trends. increase 2024: $766,550 — 5.5%

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Appraisal Buzz

AUGUST 5, 2024

As of Q2 2024, tappable equity in the U.S. housing market has surged to a record $11.5 trillion, with three out of five mortgage holders possessing at least $100,000 in equity they can borrow against, according to the August 2024 ICE Mortgage Monitor Report. of underlying home values, down from 44.6%

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Appraisal Buzz

JULY 29, 2024

As we approach the latter half of the year, the affordability crunch in the housing market shows no signs of easing. 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.

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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.

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Home Value Housing Market Realtors Finance 354

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.

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Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values.

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Inventory Home Value Housing Market Buyers 403

Appraisal Buzz

SEPTEMBER 24, 2024

S&P Dow Jones Indices has released the July 2024 results for the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. This month’s index includes home sales in May, June, and July, a period in which home sales activity, time on market, and price cuts began to all swing towards a buyer’s market.

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Housing Wire

MARCH 13, 2024

homes, valued at $19.7 “It’s important for people to fully understand the climate risks that a home faces not only in the present, but in the future, so they can make the most informed decision for one of the biggest purchases and investments they will make in their life.” In 2024, 32.5% ” U.S.

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Appraisal Buzz

AUGUST 16, 2024

housing market saw a significant uptick in the second quarter of 2024, with purchases rising 3.4% Investors bought approximately one out of every six homes sold in the quarter, representing $43 billion in transactions, marking a 13.7% Investor activity in the U.S. increase from a year earlier.

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Investors Property Taxes Housing Market Real Estate 370

Housing Wire

NOVEMBER 19, 2024

Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housing market collapse of the late 2000s. billion) increase in senior home values during the second quarter, which was offset by a 0.89% (or $20.9

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Appraisal Buzz

JULY 1, 2024

Over the past few years, the most popular housing markets in the U.S. have experienced significant changes, showing a pattern of ongoing development and evolution, according to CoreLogic’s May Home Price Insights report. In 2024, the top 10 fastest-appreciating U.S. However, just a year ago, things were much different.

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Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. When teachers can’t afford to buy homes, school districts can’t hire teachers.

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Appraisal Buzz

JULY 25, 2024

According to ATTOM’s second-quarter 2024 U.S. Home Sales Report , typical single-family home and condo sales in the U.S. for home sellers. This number remained essentially unchanged from Q1 of 2024, increasing by roughly one percentage point, but declining by one point from the second quarter of the previous year.

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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.

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Finance Real Estate Agent Real Estate Insurance 422

Inman

DECEMBER 5, 2023

Windermere Real Estate Chief Economist Matthew Gardner offers his 2024 forecast for interest rates, home values and the potential for a housing market recovery.

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Inventory Home Value Real Estate Housing Market 133

Appraisal Buzz

JUNE 26, 2024

The analysis, conducted by BadCredit.org Senior Editor Jon McDonald , compared Zillow home prices over the past year to minimum wages in every state. While we’re seeing increases in minimum wage, such as the recent rise for California’s fast-food workers, these steps are often insufficient to bridge the gap in high-cost housing markets.” /*!

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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.

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