Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

NOVEMBER 25, 2024

When we released the HousingWire 2025 forecast paper earlier this month, we discussed how we assume continued inventory growth in 2025, but at a slower pace of appreciation than we saw this year. The 2025 lines will trend higher, even closer to the old normal levels. million home sales in 2025 up from 4 million in 2024.

New Listings 397

New Listings Inventory Sellers Contracts 397

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. Yes, demand will slow if unemployment climbs, but it’s probably 2025 before we see the bulk of that. More home sellers enter the market There were 11% more new sellers this week than last year at this time.

Sellers 482

Sellers Marketing Inventory Contracts 482

Housing Wire

DECEMBER 7, 2024

We also see growth in our pending contract data compared to 2022 and 2023. Let’s get into the holiday spirit with this week’s Housing Market Tracker data! Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand.

New Listings 505

New Listings Inventory Contracts Housing Market 505

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. trillion in origination volume in 2025, up from a projected $1.70 in 2024 and to 6.4% Fannie also upwardly revised its forecast for purchase mortgage origination volume to $1.22

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Housing Wire

NOVEMBER 23, 2024

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. Even today, the pending contract data remains resilient despite higher home prices and mortgage rates than last year. During the housing bubble crash years, this data line was running between 250,000-400,000 per week for years.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Housing Wire

OCTOBER 28, 2024

All the dominant trends in the housing market this year seem like they would indicate home prices declining. With just a few local market exceptions, home prices nationally will finish the year up again and will go into 2025 with some upward momentum. They’re already in contract, so they don’t add to the active inventory.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. billion was unsecured debt, with $650 million notes at 5.357% due in October 2025, which is expected to be replaced. Pennymac also informed the market this week that an arbitrator concluded the company has to pay $155.2

Contracts 435

Contracts Investing Investors Mortgage 435

Appraisal Buzz

DECEMBER 19, 2024

But this year, buyers jumped on mortgage rates that dipped in early October, bringing more contracts which closed in November.Assuming December sales are generally good, 2024 U.S. Homes with November closings generally went under contract in September and October, when shoppers benefited from an uptick in newly-listed for-sale homes.

Inventory 312

Inventory Realtors Buyers Contracts 312

Housing Wire

NOVEMBER 4, 2024

The hardest position to take in analyzing the housing market is one that is contrarian and bullish. When everyone knows that the housing market is sluggish and weak, but the data shows surprising strength. This week, we count 14% more homes in the contract pending stage now than a year ago. I think that’s the key.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 501

Inventory Contracts Realtors Buyers 501

Appraisal Buzz

SEPTEMBER 5, 2024

However, most remain apprehensive about the near-term prospects of these sorts of reforms being enacted broadly enough to have a meaningful effect on supply and housing affordability.” Jeremy Sicklick, Co-Founder and CEO of HouseCanary , commented: “The past couple of years have seen a housing shortage nationwide.

Construction 459

Construction Inventory Housing Market Contracts 459

Housing Wire

JANUARY 19, 2024

The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024. from a 0.3%

Mortgage 541

Mortgage Contracts Construction Government 541

Housing Wire

NOVEMBER 22, 2024

An index score above 50 indicates market expansion, while a score below 50 indicates contraction. Despite the lower sentiment score in Q3 2024, 40% of flippers are optimistic about sales and market growth going in 2025. The index score declined from 63 in the second quarter to 62 in the third quarter. ”

Investors 433

Investors Mortgage Property Taxes Inventory 433

Housing Wire

SEPTEMBER 18, 2024

In August, housing starts rose to a seasonally adjusted annual rate of 1.356 million, up 2.9% In contract, single-family housing starts were up 15.8% There is a structural housing shortfall in the U.S. million housing units, depending on the source. month over month and up 3.9% compared to a year ago.

Marketing 488

Marketing Construction Development Housing Market 488

Housing Wire

DECEMBER 14, 2024

Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand. Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024.

Mortgage 396

Mortgage Inventory New Listings Contracts 396

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. This annualizes to only 4.3

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

SEPTEMBER 3, 2024

Next year, a healthier housing market will see that number climb over 70,000 per week to maybe 80,000 sellers per week. Pending home sales stay the same There were 64,000 new contracts pending this week for single-family homes. The median price of the new contracts pending this week is $387,000. It’s that time of year.

Inventory 457

Inventory New Listings Contracts Buyers 457

Housing Wire

AUGUST 29, 2024

According to Altos Research , there are 40% more homes on the market at the end of August 2024 than there were last year at this time. That means currently just over 700,000 single-family homes are unsold, with about 10% of those going into contract each week, and another 75,000 new listings.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

MARCH 18, 2024

Although I don’t have any capacity to predict interest rates, I do know what happens to the housing market if rates rise or fall from here. The question now is: will we surpass that all-time high this year or will it get delayed until 2025? Pending sales This week saw 66,000 new contracts for single-family homes started.

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

AUGUST 19, 2024

We’re on the lookout for these subtle shifts in the market because that has implications for home price appreciation and for home sales volumes for the year. There’s nothing in the data that says 2024 is going to accelerate, so the most optimistic scenario we’re watching for is stability and maybe poised for a sales recovery in 2025.

Inventory 435

Inventory New Listings Sellers Buyers 435

Appraisal Buzz

JULY 12, 2024

Sale prices are still at record highs and overall housing expenditures are historically high, despite the fact that mortgage rates are dropping. Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin.

Contracts 370

Contracts Inventory Buyers Sellers 370

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. There was no crash.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Market their listings; go to their listings. economy remains hot. For comparison, lenders funded $2.4

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

Appraisal Buzz

DECEMBER 11, 2024

Q: How have market conditions, such as shifts in interest rates or the overall economy, impacted the property preservation landscape this year? What changes do you anticipate in 2025? Fannie Mae is not anticipating a substantial shift in the property preservation landscape in 2025. What changes do you anticipate in 2025?

Inspection 311

Inspection Technology Insurance Training 311

Housing Wire

NOVEMBER 26, 2024

If an uptick in housing inventory and more favorable interest rates materialize in 2025, you’ll still need to find creative ways to generate buzz for your listings and expand your client network. Visit Apply Design Innovative ways to market your next open house Not all open house events are created equal!

Open Houses 448

Open Houses Real Estate Tools Agents 448

Appraisal Buzz

OCTOBER 11, 2024

That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. 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.

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. As the heat rises, so too does the number of lenders seeking to exit the market.

Mortgage 370

Mortgage Marketing Lending Buyers 370

Will Springer Realtor

OCTOBER 15, 2024

Yes, there are signs of greater real estate activity in Seattle/King County since the Fed trimmed its short-term rate by a half-percent, but Americans are not swarming the market in a purchasing frenzy. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. The broad U.S.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Appraisal Today

NOVEMBER 1, 2024

When the inevitable happens and the overinflated housing market comes crashing down, the FHFA and its decision-makers will have no one to blame but themselves. 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.

Appraisal 84

Appraisal Training Contracts Mortgage 84

Appraisal Today

JANUARY 26, 2024

To see the Listing with 49 photos, Click Here == The housing market has ’80s vibes January 23, 2024 By Ryan Lundquist Excerpts: The housing market has ’80s vibes. The ’90s are back for clothing, but it’s the early 1980s when it comes to housing narratives. by the fourth quarter. Jan 8, 2024.

Appraisal 86

Appraisal Contracts Mortgage Inspection 86

Appraisal Today

SEPTEMBER 27, 2024

This class is required before this new UAD material can be taught to other appraisers, under contract with the GSEs. Training for this new process for appraisers should begin occurring in 2025, Quarters 2.5-3.5. won’t begin with limited lenders until 2025 Q3, so training early in the year may not be productive.

Property Appraisal 69

Property Appraisal Appraisal Training Contracts 69

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. Pending Home Sales (contracts accepted) The number of homes placed under contract declined slightly by 0.9%

Inventory 65

Inventory Sellers Buyers Real Estate 65

Movoto

NOVEMBER 26, 2024

This episode of The MovotoMic Podcast dives into the latest housing market headlines, unpacking 2025 real estate forecasts, affordability challenges, and shifting trends driven by climate risks. So it’ll be just like we are reading the housing market news to you with an expert. Is that true?

Real Estate 36

Real Estate Marketing Inventory Insurance 36

Will Springer Realtor

APRIL 9, 2024

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. More on this in a moment.)

Marketing 62

Marketing Inventory Buyers Sellers 62

Lamacchia Realty

JULY 29, 2024

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Maine along with the number of homes listed for sale and placed under contract. The Maine housing market had a somewhat unique trend compared to other states in New England.

Sellers 64

Sellers Real Estate Buyers Contracts 64

Lamacchia Realty

JULY 29, 2024

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Rhode Island along with the number of homes listed for sale and placed under contract. Pending Home Sales (contracts accepted) The number of homes placed under contract increased by 1.1%

Sellers 61

Sellers Real Estate Buyers Contracts 61