Appraisal Buzz

AUGUST 22, 2024

The third-quarter 2024 Vacant Property and Zombie Foreclosure Report reveals a significant decline in abandoned homes in foreclosure, reflecting the continued resilience of the U.S. housing market. As of the third quarter of 2024, approximately 1.4 or one in 76 homes. or one in 76 homes. housing market.

Housing Market 361

Housing Market Marketing Home Value Investors 361

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.

Home Value 369

Home Value Housing Market Marketing Real Estate 369

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.

Inventory 474

Inventory Housing Market Mortgage Law 474

Appraisal Buzz

AUGUST 8, 2024

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 In a decade, the value of U.S. homes has more than doubled, rising nearly 120% from $22.7 In a decade, the value of U.S. New Brunswick’s total home value surged 13.3%

Valuation 419

Valuation Housing Market Marketing Home Value 419

Appraisal Buzz

DECEMBER 30, 2024

If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! Will Interest Rates Go Down in 2025?

Housing Market 347

Housing Market Marketing Inventory Real Estate 347

Housing Wire

DECEMBER 16, 2024

Zillow says that 2024 will finish with 4.06 Home values are forecast to tick up 2.2% Zillow also reported that, after a tumultuous five years, many measures of the housing market are trending closer to historic norms. Existing-home sales will remain near 30-year lows, but location matters. million in 2025.

Housing Market 333

Housing Market Marketing New Listings Home Value 333

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% a year prior.

Investors 401

Investors Tenants Real Estate Property Taxes 401

Appraisal Buzz

DECEMBER 5, 2024

ATTOM has released its latest Special Housing Market Impact Risk Report , a study examining county-level housing markets around the U.S. that are more or less vulnerable to declines, based on home affordability, equity, and other measures in the third quarter of 2024. home value currently stands at $359,099, up 2.6%

Housing Market 398

Housing Market Marketing Property Taxes Mortgage 398

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

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

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

Appraisal Buzz

AUGUST 14, 2024

markets that have the “it” factor, as Columbus, Ohio; Knoxville, Tennessee; and Louisville, Kentucky claimed the top three spots in terms of popularity with online searchers over the past year. Over the past 12 months, homes in Columbus attracted 0.9% A new report from Realtor.com examines the U.S. times the national level.

Housing Market 398

Housing Market Marketing Home Value Inventory 398

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

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.

Marketing 342

Marketing Business Clients Training 342

Housing Wire

JUNE 28, 2024

Homeowners 62 and older saw their collective home equity levels rise in the first quarter of 2024 by roughly $328.5 This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.

Transportation 330

Transportation Home Value Mortgage Marketing 330

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.,

Home Value 420

Home Value Finance Housing Market Mortgage 420

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.

HOA 498

HOA Home Value Insurance Mortgage 498

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

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.

Law 398

Law Valuation Home Value Government 398

Housing Wire

MARCH 5, 2024

For this reason, I will provide a short monthly educational focus, followed by a summary of the HECM rate market. This “principal limit” calculation is based on factors like home value, age, and of course, interest rates. March 2024 update Early in February, we saw a lower weekly average 10-year CMT (4.01%).

Mortgage 348

Mortgage Insurance Home Value Development 348

Housing Wire

SEPTEMBER 9, 2024

Miami stands as one of the most dynamic and valuable real estate markets in the United States. 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.

Real Estate 337

Real Estate Agents Marketing Real Estate Agent 337

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%. to 34.7%.

Market Value 432

Market Value Home Value Housing Market Buyers 432

Appraisal Buzz

OCTOBER 2, 2024

The CoreLogic Home Price Index (HPI) and HPI Forecast for August 2024 have been released by CoreLogic , revealing that although gains are expected to drop to less than 1% by next spring, home price growth picked up to about 4% year-over-year in August. Key Findings: August 2024 saw a 3.9% year-over-year gain in U.S.

Home Value 436

Home Value Business Mortgage Marketing 436

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. economy has remained resilient, backed by a very strong labor market, sky-high job openings and low unemployment. in September 2022. The overall U.S.

Housing Market 417

Housing Market Marketing Inventory Sellers 417

Housing Wire

NOVEMBER 7, 2023

And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I The market has since cooled off, but taxes are going up. In 2022, the average tax on a U.S.

Property Taxes 539

Property Taxes Home Value Government Valuation 539

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%

Home Value 398

Home Value Inventory Mortgage Lending 398

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

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.

Mortgage 418

Mortgage Home Value Government Real Estate 418

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. Jaro stands tall as the only end-to-end appraisal platform on the market. This trend had a profound impact on the housing market.

Appraisal Process 354

Appraisal Process Appraisal Real Estate Inspection 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% The median list price can fluctuate even if the market is stable,” McLaughlin added. from May 2019 to May 2024.

Agents 441

Agents Home Value Buyers Real Estate 441

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. Rate lock’s hold seems to be loosening—homeowners who may have put off listing their homes are done waiting. Home values are up from year-ago levels in 46 of the 50 largest metro areas.

Sellers 398

Sellers Buyers New Listings Home Value 398

Housing Wire

NOVEMBER 26, 2024

increase over the current $766,550 cap for 2024, aligning with home price trends. The adjustment indicates a weaker housing market this year, driven by still-elevated mortgage rates. By comparison, the 2024 limit rose by 5.5%. increase 2024: $766,550 — 5.5% The new limit reflects a 5.2% increase 2018: $453,100 — 6.8%

Finance 411

Finance Home Value Government Mortgage 411

Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Powell at the conclusion of the Federal Open Market Committee (FOMC) meeting. below the revised August 2024 rate of 1,470,000, and 5.7% home value is $359,892, up 2.7%

Construction 419

Construction Housing Market Inventory Home Value 419

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

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

Housing Wire

OCTOBER 4, 2024

Homeowners 62 and older saw their collective home equity levels rise in the second quarter of 2024 by roughly $600 billion, increasing to a total of $14 trillion and continuing a streak of forward momentum observed in the first quarter. in Q1 2024, up from the Q1 level of 461.28. Steve Irwin The RMMI increased to 489.70

Home Value 387

Home Value Mortgage Marketing Finance 387

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.

Home Value 370

Home Value Marketing Mortgage Housing Market 370