Appraisal Buzz

NOVEMBER 25, 2024

Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. More inventory should shake loose in 2025, giving buyers a bit more room to breathe. For existing home sales, Zillow forecasts 4.3

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Housing Market Marketing Buyers Construction 365

Appraisal Buzz

JANUARY 9, 2025

In 2025, Florida and the Mid-Atlantic are the greatest locations for first-time homebuyers to begin their road toward home ownership. Even in these high-opportunity areas, tradeoffs likely need to be considered for buyers to get to the closing table. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5 3 Villas, FL South 14.1%

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Buyers Investing Inventory Marketing 368

Housing Wire

DECEMBER 30, 2024

“Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years. ” Housing industry experts attribute the recent increases in pending home sales to a shift in buyer attitudes about mortgage rates.

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Inventory Buyers Housing Market Mortgage 383

Housing Wire

DECEMBER 20, 2024

Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. HW: What housing trends do you think will continue in 2025 and why? Home building is expected to increase in 2025.

Real Estate 365

Real Estate Housing Market Marketing Realtors 365

Housing Wire

DECEMBER 9, 2024

As we look into 2025, the question everyone is asking is: Do we have a new era starting? We expect that growth to continue in 2025. During this period, there were fewer sellers and many more buyers. We see slight growth not explosive growth for home sales in 2025. home price gains in 2025. Two and a half years.

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Housing Market Marketing Inventory Sellers 416

Housing Wire

DECEMBER 16, 2024

And 2025 is poised to continue the trend of rising inventory across the country. Well probably finish 2025 with 15% more homes available than we have now. How will that impact home prices in 2025? Lets look at last weeks data and see if we can tease out the signals for impact on the 2025 housing market.

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Inventory Housing Market Marketing Sellers 408

Housing Wire

DECEMBER 16, 2024

While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Homeowners who might want to move are reluctant to give up their existing mortgage rates, particularly pandemic buyers who purchased at rates near 3%. These are mortgages secured before mortgage rates began to rise sharply in 2022.

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Housing Market Marketing Inventory Realtors 392

Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of dj vu on tap for 2025. million in 2025.

Housing Market 366

Housing Market Marketing New Listings Home Value 366

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Mortgage rates continue to move higher and that’s impacting buyers. Find out more here.

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Housing Market New Listings Marketing Inventory 442

Appraisal Buzz

DECEMBER 13, 2024

The National Association of Realtors (NAR) has announced 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets. Share of starter-owner occupied units: Starter homes, typically priced at 85% of the median-priced home, are critical for first-time buyers.

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Inventory Bracketing Buyers Housing Market 370

Housing Wire

OCTOBER 21, 2024

As 2025 approaches, the U.S. Despite Fed cuts, mortgage rates remain stubborn One of the most glaring contradictions as we head into 2025 is the persistence of high mortgage rates despite efforts by the Federal Reserve to cut interest rates in late 2024. real estate market is marked by contradictions that are leaving many confused.

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Real Estate Marketing Insurance Property Taxes 470

Housing Wire

JANUARY 7, 2025

housing market was relatively slow in 2024, experts say the luxury sector was an outlier and they are anticipating even stronger conditions in 2025. According to The Trend Report released Monday by Coldwell Banker s Global Luxury program, the brands luxury property specialists expect more luxury buyers to reenter the market in 2025.

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Housing Market Luxury Properties Marketing Design 307

Appraisal Buzz

JANUARY 15, 2025

Americans are asked in thestudy if they intend to relocate in 2025, where they would like to relocate, and why. The American Dream vs. reality: While more than one-third of respondents wish to move in 2025, less than 10% actually will. Up to 35% of the 1,250 poll participants said they were planned to migrate in 2025.

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Realtors Finance Buyers Appraisal 370

Housing Wire

DECEMBER 17, 2024

The median buyer is now 56 years old, up from 49 in 2023. Existing homeowners, leveraging their home equity, can make substantial down payments, giving them a significant edge over first-time buyers who must borrow more at todays higher interest rates. 26, 2025 and hear Daryl Fairweather in person.

Housing Market 362

Housing Market Marketing Buyers Real Estate 362

Housing Wire

JANUARY 17, 2025

As we head into 2025, Im optimistic about the Southern Nevada real estate market and the opportunities it presents. While the Fed recently dropped rates another quarter, they are insisting that rate cuts will be nominal at most moving into 2025.Just Inflation and high rates have created hurdles for many first-time buyers.

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Real Estate Buyers Sellers Marketing 298

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. Whether youre looking to buy your first home, upgrade or simply gain clarity on the current market , this guide is your insiders playbook to tackle 2025 with confidence.

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Mortgage Sellers Real Estate Buyers 335

Appraisal Buzz

OCTOBER 17, 2024

Growth in 2024 and 2025 is now anticipated to be 2.0% by the end of 2025. We have revised our Q4/Q4 economic growth forecasts for 2024 and 2025. growth in 2025. in 2025 (up from 3.0%). million homes sold in 2025, up from 4.77 While they predict that mortgage originations in 2025 will be $2.14

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Mortgage Marketing Buyers Appraisal 397

Appraisal Buzz

NOVEMBER 5, 2024

And while the mortgage rate and economic outlook is full of questions, home prices are likely to maintain their leveled path until early next year when buyers return to the housing market.” Photo: Frames For Your The post CoreLogic: Home Price Growth Forecast to Flatten in 2025 appeared first on Appraisal Buzz.

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Housing Market Mortgage Buyers Appraisal 395

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. The new limit reflects a 5.2% increase over the current $766,550 cap for 2024, aligning with home price trends.

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Finance Home Value Mortgage Government 432

Housing Wire

SEPTEMBER 5, 2024

That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market. We’re getting closer to homebuyers’ comfort zone of low-6%, high-5% rates, and September’s anticipated Fed cuts should help buyer sentiment.

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Buyers Marketing Mortgage Real Estate Agent 470

Housing Wire

DECEMBER 16, 2024

It created a buyer representation certificate for agents. The program really gives agents a level of comfort and confidence in their value proposition when they are working with a buyer and trying to get a buyer agency agreement signed, Hanna said. In 2025 and beyond, Hanna said he hopes these innovations lead to more growth.

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Real Estate Brokerage Agents Buyers 290

Housing Wire

JANUARY 9, 2025

But survey data released Thursday by Bright MLS found that some standards were top priorities for some buyers. According to the survey, more than half of prospective buyers ranked the condition of the home as the most important factor in their home search. More specifically, 56.1% More specifically, 56.1% Another 37.8%

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Buyers Renovations Housing Market Home Improvement 371

Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. 26, 2025 and hear Daren Blomquist in person.

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Housing Market Retail Marketing Sellers 333

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. However, buyers aren’t matching sellers’ enthusiasm; sales in May were 6% lower than last year.

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Sellers Buyers New Listings Home Value 397

Housing Wire

JANUARY 15, 2025

The year 2025 will be transformative for real estate. Homeowners insurance premiums may climb by as much as 15%, especially in high-risk areas vulnerable to extreme weather, according to a 2025 personal insurance marketplace outlook released by VIU by HUB.

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Real Estate Insurance Marketing Housing Market 279

Appraisal Buzz

DECEMBER 16, 2024

As the new year draws near, Fannie Mae anticipates that many of the housing trends from 2024 will persist in 2025, with the lock-in effect of mortgage rates and housing affordability continuing to be major obstacles for countless Americans. In 2025, economists predict that the average mortgage rate will continue to be higher than 6%.

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Inventory Construction Housing Market Mortgage 284

Appraisal Buzz

SEPTEMBER 5, 2024

Many prospective buyers started questioning the American dream of homeownership as inflation brought mortgage rates to a cyclical peak of 8% in October 2023, but now rates are down more than 1.5% We’re now getting closer to homebuyers’ comfort zone of low-6%, high-5% rates, and September’s anticipated Fed cuts should help buyer sentiment.

Buyers 370

Buyers Insurance Bracketing Mortgage 370

Housing Wire

NOVEMBER 15, 2024

Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. Here’s HousingWire’s early look at Rocket Mortgage’s 2025 recapture play strategy.

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Mortgage Clients Inventory Business 295

Housing Wire

OCTOBER 17, 2024

in 2024 and 2% in 2025. by the end of 2025.” in 2025, slight adjustments to their previous forecasts of 6.1% These are conclusions drawn by economists at Fannie Mae ‘s Economic and Strategic Research (ESR) Group. They’re now projecting gross domestic product (GDP) growth to fall from 3.2% in 2023 to 2.3%

Sellers 510

Sellers Mortgage Buyers Business 510

Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. It’s the ninth straight year that the limit will increase based on home-price appreciation levels, which feeds into a single, national limit for all HECM loans.

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Mortgage Lending Retail Finance 345

Appraisal Buzz

JANUARY 8, 2025

Applications decreased last week as rising mortgage rates continued to discourage buyers from entering the market and put a damper on purchase activity, says Joel Kan, vice president and deputy chief economist for the MBA, in a statement. The post MBA: Mortgage Application Volume Falls to Start 2025 appeared first on Appraisal Buzz.

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Mortgage Government Buyers Appraisal 195

Housing Wire

DECEMBER 9, 2024

Although eXp Realty s tagline may be the most agent-centric brokerage on the planet, CEO Leo Pareja said the company will strive to keep the best interests of the consumer at the center of its decisions in 2025. He then tried to figure out how to create an agreement that a buyer would feel comfortable signing.

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Law Agents Buyers Realty 258

Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. overall to $429,990. from July’s levels.

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

DECEMBER 30, 2024

More inventory should be a sign of the market’s return to normalcy, according to Mohtashami, as the market enters 2025 with 27% more inventory compared to early 2024. Some agents attribute stale inventory growth to unreasonable prices that repel would-be buyers from pursuing certain listings.

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Inventory Sellers Housing Market Contracts 425

Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. As long as mortgage rates stay elevated, which seems likely for at least 2025 , well build a market with more and more homeowners with expensive mortgages. More selection for buyers, for one thing.

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Mortgage Inventory Finance Sellers 468

Appraisal Buzz

JANUARY 8, 2025

According to new Zillow research, Buffalo, New York, is projected to be the hottest major housing market in 2025. What should be the most competitive markets for buyers this year share two characteristics: relative affordability and a dearth of available homes. But both buyers and sellers should expect unpredictable mortgage rates.

Buyers 370

Buyers Sellers Home Value Construction 370

Housing Wire

DECEMBER 12, 2024

Many in the real estate industry are looking at 2025 as a year to get back to the basics of the business, but Side is taking it one step further. As Side looks to 2025, the company wants to continue strengthening its agents and the industry as a whole through its education initiatives.

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Real Estate Brokerage Agents Business 265