Appraisal Buzz

FEBRUARY 26, 2025

The drop in new home sales coincides with growing builder pessimism stemming from high mortgage rates and the looming possibility of tariffs on imported construction materials that will drive up costs. Builders face both headwinds and tailwinds as they head into 2025, Kushi says. about a nine month supply at the current sales rate.

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Construction Buyers Appraisal Mortgage 414

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.

Contracts 418

Contracts Buyers Inventory Mortgage 418

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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HOA Property Taxes Construction Buyers 396

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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Buyers Sellers Home Value Construction 370

Housing Wire

JANUARY 30, 2025

Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025. Diego: We’ve kicked off 2025 with mortgage rates that haven’t done much except go a little bit higher. A lot of folks were expecting a decline in 2025. And so we’re forecasting our growth into 2025.

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Construction Marketing Investors Renovations 291

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.

Construction 418

Construction Housing Market Inventory Home Value 418

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.

Construction 370

Construction Housing Market Real Estate Mortgage 370

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.

Inventory 370

Inventory Bracketing Buyers Housing Market 370

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 359

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 493

Appraisal Buzz

MARCH 4, 2025

There are more homes for sale right now than in recent years and that has led to buyers markets in many areas of the country. We expect pricesand therefore home valuesto keep rising steadily this year because there are still enough buyers competing over a relatively small number of listings, compared to before the pandemic.

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Home Value Housing Market Buyers Marketing 243

Appraisal Buzz

JANUARY 22, 2025

While builders response has kept multifamily rent growth steady for several months and stubbornly high mortgage rates are limiting buyer demand and home value increases, detached single-family home rentals are still rising at an accelerating rate. That is the biggest difference Zillow has ever seen.

Inventory 370

Inventory Home Value Tenants Property Management 370

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

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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Real Estate Clients Tools Sellers 396

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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Marketing Lending Retail Mortgage 415

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.

Contracts 482

Contracts Housing Market Construction Inventory 482

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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Mortgage Real Estate Agent Finance Buyers 511

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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Marketing Renovations Investors Transportation 397

Appraisal Buzz

JANUARY 28, 2025

If similar conditions persist through 2025, we should expect very moderate price appreciation, Fleming says. A key factor moving forward is how much supply there is and which markets see the most new home construction. As more homes become available, the power dynamics can shift in favor of buyers, putting downward pressure on prices.

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Inventory Construction Buyers Appraisal 195

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.;

Housing Market 195

Housing Market Marketing Buyers Design 195

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

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

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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Inventory Construction Finance Development 397

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%

Real Estate 448

Real Estate Mortgage Buyers Inventory 448

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.

HOA 370

HOA Insurance Construction Inventory 370

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.

Real Estate 221

Real Estate Renovations Development Construction 221

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.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Appraisal Buzz

JANUARY 31, 2025

MBA expects 2025 conditions will improve as housing supply increases, giving prospective buyers more options and putting less pressure on their budgets. Rising construction costs, zoning restrictions and a shortage of labor have all contributed to the inability to build enoughhomes. in November by 0.3%

Mortgage 195

Mortgage Construction Development Buyers 195

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.

Finance 390

Finance Real Property Design Lending 390

Lamacchia Realty

MARCH 7, 2025

Lamacchia Realty's Top Producing REALTORS for February 2025! has released its Top Producing REALTORS for February 2025! is skilled in many facets of real estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. Lamacchia Realty, Inc.

Realty 63

Realty Realtors Real Estate Clients 63

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.

Construction 370

Construction Development Finance Mortgage 370

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

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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HOA Insurance Construction Inventory 195

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

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

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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Brokerage Real Estate Agent Agents Real Estate 427

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.

Construction 70

Construction Appraisal Contracts Mortgage 70