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

Housing Wire

JANUARY 14, 2025

Professionals in the industry, which are generally small businesses structured in the form of an LLC, deliver quality homes to end-buyers at competitive prices or rents, with their profit derived from the value added by repositioning or improving the home prior to sale or lease. million homes and growing.

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Housing Wire

JANUARY 26, 2024

According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. increase between 2024 and 2025 to a pace of 5.35 in 2025 to reach $405,200. in 2025 to reach $405,200. million and a 15.8% million units. year over year.

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Contracts Housing Market Construction Inventory 482

Housing Wire

JANUARY 16, 2025

of new construction homes required buyers to pay HOA dues, compared to only 38.2% Realtor.com noted that “as homes in communities built more recently are resold, their HOA memberships are transferred to the next buyers, expanding the reach of HOAs in the existing-home market.” of existing homes.

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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.

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Housing Wire

JULY 23, 2024

HousingWire Lead Analyst Logan Mohtashami recently wrote that higher mortgage rates “have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. trillion in origination volume in 2025, up from a projected $1.70 Data from the U.S. Census Bureau and the U.S.

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Housing Wire

JANUARY 4, 2025

For some time now, its been showing positive growth versus both 2022 and 2023 data, and, in the first few days of 2025, versus 2024 data as well. We are near the top of the 10-year yield and mortgage rates forecast for 2025. We have a slight single-digit increase in demand year over year. Still, I was happy to see growth.

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New Listings Inventory Contracts Mortgage 508

Appraisal Buzz

OCTOBER 30, 2024

Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. in September as mortgage rates fell as low as 6.08% in the month, spurring buyers to take advantage of the temporary reprieve,” Jones said.

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Appraisal Buzz

DECEMBER 11, 2024

is Realtor.coms Top Housing Market for 2025 , a list of the top 100 housing markets that are forecast to see increased sales in the coming year. As a result, housing affordability remains a challenge, with buyers spending about 31.1% Colorado Springs, Colo. Rounding out the top 10 markets are Miami-Fort Lauderdale-Pompano Beach, Fla.;

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Appraisal Buzz

SEPTEMBER 5, 2024

The panelists also shared that they think speeding up construction permitting processes, increasing density around transit corridors, and allowing more “missing middle’-type housing are the local and state policy reforms likeliest to increase housing production. 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.eleme

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Construction Inventory Housing Market Contracts 459

Appraisal Buzz

JANUARY 2, 2025

Home price appreciation seems to be settling into a more comfortable pace, just as inventory levels pick up going into 2025: welcome news for prospective buyers who continue to face the headwinds of high mortgage rates. Our forecasts suggest that markets in Florida are at most risk of price declines in 2025. last month).

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Inventory Buyers Home Value Housing Market 355

Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Builders improved outlook is likely due to the beginning of the Fed’s easing cycle and expectations of lower interest rates in 2025.” Census Bureau and the U.S. below the September 2023 rate of 1,363,000.

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Housing Wire

AUGUST 14, 2024

As the Fed has kept rates high, those higher rates have exacerbated housing costs by dampening new housing construction and increasing borrowing costs.” Although inventory is recovering, many buyers are either priced out or are waiting for rates to drop. “In “But shelter has been an outsized contributor to the Consumer Price Index.

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Inventory Construction Mortgage Buyers 459

Housing Wire

NOVEMBER 1, 2024

Construction was another sector that posted gains in October, adding 8,000 jobs. Residential construction gained 1,300 jobs in October, while residential specialty trade contractors shed 6,600 jobs. Residential construction gained 1,300 jobs in October, while residential specialty trade contractors shed 6,600 jobs.

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Construction Housing Market Real Estate Mortgage 370

Appraisal Buzz

JUNE 21, 2024

According to the Fannie Mae Economic and Strategic Research (ESR) Group’s June 2024 analysis , affordability restrictions continue to limit the amount of buyers wanting and able to make home purchases, despite an increase in for-sale home listings. As a result, the ESR Group reduced its total home sales prediction to 4.82

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Appraisal Buzz

JUNE 5, 2024

in April 2025. Home Price Growth Expected to Moderate by Spring 2025 The CoreLogic Market Risk Indicator (MRI) predicts that Palm Bay-Melbourne-Titusville, FL (70%-plus probability) will experience a significant fall in property values during the next 12 months. “The CoreLogic’s forecast shows annual U.S.

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Housing Wire

SEPTEMBER 21, 2023

Until interest rates come down, affordability challenges will continue to put first-time buyers on the sidelines, housing industry observers said. In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. in 2024 and 5.1%

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Housing Wire

JANUARY 7, 2025

For mortgage rates to go lower, we need to focus on the labor market, which has been critical to every economic cycle in recent history, and particularly the labor market for residential construction and remodeling, Mohtashami wrote. In those times, we just had far more buyers than sellers.

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Housing Wire

AUGUST 29, 2024

Buyers have more selection, with less upward price pressure , in an affordability-challenged market. These destination states have almost all had the highest rates of new construction in the country. Likewise, construction in a place like Ohio can be at a very slow pace, since the state has outbound migration.

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Appraisal Buzz

JUNE 11, 2024

The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the GSEs) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.

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Housing Wire

DECEMBER 18, 2024

The site, which was constructed throughout nearly all of 2024, launched post-live quality assurance (QA) and has been up for about a day, Burgard confirmed in an interview with HousingWire. Citi led creative testing throughout the year-long site design and build, and will conduct testing throughout 2025.

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Housing Wire

DECEMBER 6, 2024

Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.

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Housing Wire

AUGUST 3, 2023

This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added.

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Appraisal Buzz

JUNE 4, 2024

in April 2025. The home price slowing also highlights buyers’ increased sensitivity to rising interest rates, as well as the anticipation that presumed lower rates down the road will help ease the affordability crunch,” Hepp adds. Miami saw the next-highest gain at 9.7%. CoreLogic’s forecast shows annual U.S.

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Appraisal Buzz

OCTOBER 24, 2024

The Committee serves a critical advisory role to HUD by helping shape the direction of its Housing Counseling Program and providing guidance on how to better serve prospective buyers, homeowners, and renters with their housing needs.

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Housing Wire

SEPTEMBER 13, 2024

My plan is to open 10 markets between now and the end of 2025. We have incredible multifamily teams, commercial teams, new construction teams, high net worth teams, beach teams, golf teams. RS: First and foremost, you have to have a clear understanding of what your value proposition is to buyers that you want to work with.

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Appraisal Buzz

OCTOBER 11, 2024

Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020. But buyers have been reluctant to respond. Higher home prices mean buyers have to come up with larger down payments. They were down 1.9% year over year.

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New Listings Buyers Housing Market Real Estate Agent 195

Appraisal Today

SEPTEMBER 13, 2024

6 Tips for Appraising New Construction Homes Excerpts: Lenders, FHA, and the GSEs (Fannie Mae and Freddie Mac) treat new construction a little differently. When appraising new construction homes, certain factors that don’t always apply to existing dwellings must be considered. Keep a file of local building costs 4.

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Construction Appraisal Contracts Mortgage 70

Portland Appraisal Blog

JANUARY 18, 2025

NEW CONSTRUCTION New construction was steady in 2024 and averaged between 11-16% of monthly sales: Washington County had the biggest share of new homes and also the biggest year-over-year increase: CUMULATIVE DAYS ON MARKET The average cumulative days on market edged towards two months for the entire year of 2024. year over year.

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Housing Market Marketing Construction Appraisal 88

D Fritz Appraisals

JULY 4, 2024

While the BC housing crisis is hurting British Columbians, the provincial government is attempting to facilitate faster home construction and increase the number of rental properties through several initiatives. New rules and standardized designs are helping home builders speed up the construction of small-scale multi-unit housing.

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The Robert Weiler Company

JANUARY 27, 2023

Add in the aftermath of COVID-19 with lingering supply chain shortages, inflation, and a severe housing and construction crisis, and it’s clear that in many respects, Columbus is bucking several trends while simultaneously pioneering new ones. But these broad strokes barely scratch the surface of Columbus’ full potential.

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Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. Homes are not finding buyers quickly, however, with King experiencing a 9.2% Hold on, there!

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Housing Market Marketing Construction Buyers 68

Appraisal Today

NOVEMBER 1, 2024

Conversely, in high-end homes, buyers expect the latest designs, features and finishes; and therefore, an outdated kitchen may be considered as functional obsolescence. When business picks up, hopefully in early 2025, you need to start thinking about which AMCs you want to work for. Early 2025 Appraiser training starts.

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Appraisal Training Contracts Mortgage 82

Will Springer Realtor

FEBRUARY 13, 2024

The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. There is plenty of pent-up demand from prospective buyers who have watched for months from the sidelines as financing costs remained untenable. That’s a whopping 134% more than December and a solid 7.0%

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Will Springer Realtor

JULY 26, 2022

Construction on the new bridge is underway, along with the promenade and pool pavilion for sharks and stingrays. The $750M+ endeavor should be complete in 2025, barring any additional delays such as the 4-month concrete strike that ended in April. It depends on what a buyer wants to own and the level of convenience they are seeking.

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Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. from July and up a mere 0.7%

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Cornerstone

JUNE 1, 2021

Home prices are climbing because of record-low inventory levels that can’t meet the needs of today’s buyers. Buyers don’t have enough houses to choose from. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.”. percent 2025: 3.5 Can the market keep up its momentum?

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Inventory Buyers Sellers Investing 56