Appraisal Buzz

SEPTEMBER 5, 2024

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Construction Inventory Housing Market Contracts 461

Appraisal Buzz

DECEMBER 30, 2024

Housing inventory will likely still be low in 2025, and demand could increase. 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. If youre prepared financially, then its a good time to buy a homeeven if inventory is limited and interest rates are high.

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Housing Market Marketing Inventory Real Estate 347

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% The housing market remains structurally underbuilt, and homeowners with locked-in low mortgage rates are keeping existing-home inventory limited.

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Construction Housing Market Inventory Home Value 419

Appraisal Buzz

SEPTEMBER 10, 2024

Realtor.com’s Sixth Annual “ Best Time to Buy Report ” examined listing prices, inventory levels, new “fresh” listings, time on market, homebuyer demand, and price reductions, revealing that the “Best Time to Buy” in 2024 will be the week of September 29-October 5. home value is presently $362,481, up 3.3%

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Housing Wire

DECEMBER 16, 2024

.” Septembers dip in mortgage rates provided a tailwind to home sales in the second half of the year. Zillow says that 2024 will finish with 4.06 Home values are forecast to tick up 2.2% For-sale inventory is now about 26% below the norms of 2018 and 2019, the smallest shortfall since September 2020.

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Housing Wire

JUNE 10, 2024

The increase reflects rising home prices, which went up 40% since the beginning of the COVID-19 pandemic , mainly due to a lack of inventory, according to the study. Bankrate estimates these costs at 2% of the typical home value, which stood at $436,291 in March, according to Redfin.

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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.

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Marketing New Listings Sellers Advertising 419

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. If the nation’s largest homebuilder, D.R.

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Inventory Home Value Housing Market Buyers 403

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 140

Appraisal Buzz

AUGUST 14, 2024

With a mix of affordability and growing inventory, these markets were sought out by online home shoppers, earning them a spot on our Most Popular Markets ranking,” said Realtor.com Chief Economist Danielle Hale. According to Redfin , as of May 2024, the Louisville, Kentucky housing market found homes selling for around 10.3%

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Housing Wire

SEPTEMBER 9, 2024

4, 2024, Altos Research reports that the city of Miami had 1,861 active listings for houses and 3,563 active listings for condos. Given this inventory and Miami’s status as a premier destination for luxury real estate, top-performing agents remain dominant in the market, handling a significant share of the transaction volume.

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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. Escalating Home Prices Simultaneously, home prices continue to climb, driven by a persistent supply-demand imbalance.

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Housing Market Home Value Inventory Finance 394

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

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Home Value Luxury Properties Buyers Inspection 397

Housing Wire

JANUARY 25, 2023

It will take all of this year and into 2024 for it to come back down to the Fed’s target. Inventory What does that mean for housing? Until then, home values will slowly decline, most assuredly in high-cost areas and in areas of the country that benefited the most from rampant appreciation during the pandemic.

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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.

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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.

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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.

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Housing Wire

OCTOBER 18, 2024

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. In fact, almost 20% of modern companies are fully remote as of 2024 , according to the U.S. Career Institute.

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Housing Wire

JULY 1, 2024

In the game of housing crisis Rochambeau, we play with income, inventory, and policy. Inventory cannot beat inadequate incomes, but better compensation policies can. Drawing on these trends as guides, it becomes evident that new inventory would be impotent in the crisis, slipping into the same unyielding snare of income inequality.

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Appraisal Buzz

JANUARY 3, 2025

According to Zillow s most recent market research, the erratic and abrupt changes in mortgage rates that had a significant impact on the housing market in 2024 will undoubtedly be a significant factor in the upcoming year. The second half of this years home saleswas boosted by a September decline in interest rates; Zillow projects 4.06

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Empire Appraisal Group

DECEMBER 19, 2024

Despite Inventory Rise, Home Buyers Remain Cautious Source: [link] More listings are coming to the real estate market, but home sales continue to be sluggish. There are more inventory choices for consumers, lower mortgage rates than a year ago and continued job additions to the economy. Home Sales Report.

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Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. This snapshot can give you insight into how home values are performing for the market you want to focus on.

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Advertising Real Estate Tools Sellers 355

Lamacchia Realty

DECEMBER 24, 2024

November 2024 SOUTH FLORIDA Housing Report SOUTH FLORIDA Home Sales Down, Average Price Up Home sales are down 11.9% year over year, with November 2024 at 4,558 compared to 5,176 last November. 2024: 9,931 2023: 9,425 2022: 8,371 Pending Home Sales in South Florida: The number of homes placed under contract is down by 4.1%

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Real Estate Home Value Buyers Sellers 49

Lamacchia Realty

DECEMBER 24, 2024

November 2024 Massachusetts Housing Report MASSACHUSETTS Home Sales Up, Average Price Up Home sales are up 1.2% year-over-year, with November 2024 at 5,466 compared to 5,402 last November. Sales are up for Single and Multi-family homes and down for Condos. In November 2024, national home sales climbed 6.1%

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Real Estate Home Value Sellers Buyers 51

Lamacchia Realty

DECEMBER 24, 2024

November 2024 Rhode Island Housing Report RHODE ISLAND Home Sales Down, Average Price Up Home sales are down 0.6% year over year, with November 2024 at 818 compared to 823 last October. Sales are up for Single-family homes and condos, and down for Multi-family homes. when compared to November 2023.

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Lamacchia Realty

DECEMBER 24, 2024

November 2024 New Hampshire Housing Report NEW HAMPSHIRE Home Sales Down, Average Price Up Home sales are down 1% year over year, with November 2024 at 1,469 compared to 1,455 last November. Sales are up for single-family homes and down for multi-family homes and condos. when compared to November 2023.

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Real Estate Home Value Sellers Buyers 45

Lamacchia Realty

DECEMBER 24, 2024

November 2024 Maine Housing Report MAINE Home Sales Up, Average Price Up Home sales are up 3.6% year-over-year, with November 2024 at 1,519 compared to 1,466 last November. Sales are up for single-family homes and decreased for condos and multi-family homes. In November 2024, national home sales climbed 6.1%

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Real Estate Sellers Home Value Inventory 43

Lamacchia Realty

OCTOBER 25, 2024

September 2024 Massachusetts Housing Report MASSACHUSETTS Home Sales Down, Average Price Up Home sales are down 6.1% year-over-year, with September 2024 at 5,444 compared to 5,800 last September. 2024: 8,579 2023: 7,330 2022: 8,372 Pending Home Sales: The number of homes placed under contract is up by 12.2%

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Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

NOVEMBER 29, 2023

2024 Loan Limits Increase by $40,000 FHFA announced yesterday that in 2024 the conforming loan limits will rise by $40,000 to $766,550 compared to $726,200 in 2023 for single-family/one-unit properties. This is the base number, as higher-priced homes and regions will have higher limits based on average home prices in the area.

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Lamacchia Realty

JULY 29, 2024

2024 Connecticut mid-year housing report For this report, we are examining the Connecticut real estate market and we are focusing on three property types: single-family homes, condominiums, and multi-family homes. Average prices for homes climbed to $526,984 in the first half of 2024, a 9.9% Prices Increase 9.9%

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Inventory Sellers Buyers Real Estate 55

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 5.2% year over year, with January 2024 at 3,751 compared to 3,956 last January. 2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4%

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Sellers Real Estate Buyers Inventory 56

Lamacchia Realty

SEPTEMBER 25, 2024

august 2024 Massachusetts Housing Report MASSACHUSETTS Home Sales Up, Average Price Up Home sales are up 1.0% year-over-year, with August 2024 at 6,911 compared to 6,840 last August. Sales are up for Single and Multi – Family homes. Sales are down for Condos. Prices increased across all categories.

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Housing Wire

FEBRUARY 8, 2024

Current inventory: Monitor the current homes available for sale, including the types of homes, price ranges and unique property features. Price trends : To understand market dynamics, consider how prices have changed over time for different property types like single-family homes or condos.

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Lamacchia Realty

DECEMBER 24, 2024

November 2024 Connecticut Housing Report CONNECTICUT Home Sales Up, Average Price Up Home sales are up 4.8% year over year, with November 2024 at 2,869 compared to 2,738 last November. 2024: 2,536 2023: 2,756 2022: 2,616 Pending Home Sales: The number of homes placed under contract is up by 7.5%

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Real Estate Home Value Sellers Buyers 43

Lamacchia Realty

OCTOBER 25, 2024

September 2024 Rhode Island Housing Report RHODE ISLAND Home Sales Down, Average Price Up Home sales are down 6.4% year over year, with September 2024 at 1,001 compared to 1,070 last September. Prices increased for Single and Multi-Family homes but decreased for Condos. Sales are down across all categories.

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Sellers Real Estate Buyers Inventory 53

Lamacchia Realty

JULY 31, 2024

MID-YEAR 2024 WALTHAM, MA Real Estate Market Recap Waltham, MA home sales decreased by 1.9% as there were 209 sales in the first half of 2024 compared to 213 in the first half of 2023. going from $772,002 in the first half of 2023 to $815,512 in the first half of 2024. Average price increased by 5.2%

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Lamacchia Realty

JULY 31, 2024

MID-YEAR 2024 DALTON, MA Real Estate Market Recap Dalton, MA home sales increased by 13.6% as there were 25 sales in the first half of 2024 compared to 22 in the first half of 2023. going from $328,221 in the first half of 2023 to $343,056 in the first half of 2024. Average price increased by 4.5%

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