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U.S. Home Values Trend Below Historical Averages

Appraisal Buzz

The recent climb in rates could stifle buyer demand once again, making for a bumpy start to 2025. National, 10-City Composite, and 20-City Composite Home Price Indices yearly returns are shown in the chart below. National Home Price NSA Index, which accounts for all nine U.S. Single-Family Home Values Climb YoY Following a 3.6%

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Housing Market Predictions for 2025

Appraisal Buzz

Key Takeaways Interest rates should continue to decrease in 2025. Housing inventory will likely still be low in 2025, and demand could increase. Will Interest Rates Go Down in 2025? Good news: Mortgage rates will likely continue going down in 2025! Will the Housing Market Crash in 2025? Is It a Buyers Market?

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Home Seller Profit Margins Slip for Second Consecutive Year

Appraisal Buzz

Home Sales Report , which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% But even as both measures remained near record levels, and home prices kept rising around the country, the profit margin on median-priced sales nationwide decreased from 56.9% in 2023, the U.S.

Sellers 395
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The End of the Fixer-Upper?

Appraisal Buzz

Skyrocketing home values meant that any mistakes or budget overruns were financially forgiven due to the huge equity gains as homes appreciated rapidly. But that was then and this is nowwhen home value appreciation has returned to earth. In 2024, homes nationwide appreciated 2.6%, and Zillow is forecasting 2.9%

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Homebuyer Competition Stiffens in the Northeast 

Appraisal Buzz

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
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Home-price growth is cooling, leading to appraisal challenges

Housing Wire

Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. According to the most recent data from the S&P CoreLogic Case-Shiller Home Price Index, U.S. home prices rose by 3.6% year over year in October 2024.

Appraisal 397
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Sellers Listing Their Homes … But Buyers Aren’t Biting 

Appraisal Buzz

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. in April to 0.8%

Sellers 397