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. After a year filled with rate swings, unpredictable markets and a bit of drama (thank you, inflation), the real estate world is ready for a fresh start. The key takeaway?

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Appraisal Buzz

SEPTEMBER 5, 2024

The Realtor.com August Housing Trends Report shows that the number of homes actively for sale increased by 35.8% Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers.

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Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. What will the housing market look like in 2024?

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Housing Wire

OCTOBER 21, 2024

As 2025 approaches, the U.S. real estate market is marked by contradictions that are leaving many confused. Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. percent month over month at $886,560.

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Housing Wire

NOVEMBER 11, 2024

I’m now looking forward to 2025 when the data comes in each week. We’ll release the HousingWire 2025 Forecast paper in the next week or so where we’ll lay out our expectations, scenarios, and data to track for the real estate market in the coming year. We’re also at the seasonal decline time for the housing market.

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Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. The anticipation of lower mortgage rates has frozen many buyers who think they can get a better deal if they wait a few months, not to mention sellers who are loath to give up mortgages in the 3% range.

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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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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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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.

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Inventory Bracketing Buyers Housing Market 243

Housing Wire

NOVEMBER 25, 2024

We measured a small acceleration of price cuts, which may have happened when buyers and sellers got disappointed by the cost of money after the election. The 2025 lines will trend higher, even closer to the old normal levels. more sellers than a year ago. more sellers than a year ago. We’re forecasting 4.2

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Housing Wire

NOVEMBER 26, 2024

Numerous housing market and mortgage rate forecasts for 2025 have been released in the past month. In light of recent market trends, a 150 basis point range in 2025 seems plausible. In 2025, the conforming limit for loans purchased by Fannie Mae and Freddie Mac will rise to $806,500 for single-family homes, up 5.2%

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Housing Wire

MAY 14, 2024

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession.

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Housing Wire

JUNE 13, 2024

That’s a place where rates are really having a significant effect,” Powell said during a press conference after Wednesday’s meeting of the Federal Open Markets Committee (FOMC). For 2025, projections went from 3.9% “As of now, the market is pricing in just one cut by the end of the year and 2-3 cuts in 2025. .

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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

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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. The median price of all the homes on the market is $439,000.

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Housing Wire

NOVEMBER 1, 2024

We’re excited to share that the FHFA ( Federal Housing Finance Agency ) pilot is expanded to all sellers who do business with Freddie Mac. Over the next few months, sellers will have the opportunity to opt in for the full year 2025. This is also another step that will assist first-time homebuyers.

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Housing Wire

DECEMBER 4, 2024

The past year may have been a turbulent one for HomeServices of America , but according to executive vice president Chris Kelly, this just means the company is in an even better position heading into 2025. We are not going not going to head into 2025 in a full market recovery.

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Appraisal Buzz

DECEMBER 11, 2024

Additionally, the study indicates that since baby boomers intend to remain in their current homes, 2025 sellers will probably be younger. Approximately one in five (17.5%) of the 1,581 homeowners polled countrywide between November 19 and 20 indicate they intend to sell their house over the next 12 months. Only 10.1% Another 34.4%

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Sellers Buyers Mortgage Housing Market 370

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. When you include the 9,400 immediate sales, the total is 13% more sellers than a year ago.

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Sacramento Appraisal Blog

DECEMBER 16, 2024

What’s January going to be like in 2025? What can we expect ahead for the housing market? Today, I have three quick points, and while these visuals are specific to my area, some of the language use can be used in many different markets. This is my last blog post of 2024.

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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. Pending house sales are a good indicator of market conditions and typically follow existing home sales by one to two months.

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Housing Wire

JANUARY 18, 2024

. “This transaction directly aligns with our stated strategy for growth in North America and will create a more resilient portfolio for Sekisui House,” Yoshihiro Nakai, president and CEO of Sekisui House, said in a statement. ” Sekisui claims it has delivered over 2.62 That’s a 1.2% ” Regarding the U.S.

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Housing Wire

DECEMBER 14, 2023

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement.

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Housing Wire

AUGUST 19, 2024

Recently unsold inventory would rise later in the year, especially in the last two years as the market slowed when inventory climbed up to November. Slower growth of unsold homes on the market is a result of too few sellers on the supply side and stability on the demand side. There’s no sign of any big surge in sellers.

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Housing Wire

NOVEMBER 23, 2024

We haven’t seen stress sellers on any scale that all those terrible YouTube accounts have been pushing for years. The goal for 2025 is to get new listings back to normal, which means that during the seasonal peak period, we should get new listings between 80,000 and 110,000 per week.

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Housing Wire

OCTOBER 28, 2024

Requirements and the effective date will be available in the upcoming single-family seller/servicer guide bulletin. Meanwhile, Fannie Mae announced that changes to the value acceptance programs will begin in the first quarter of 2025. billion in appraisal fees by using proprietary models, historical data, and public records.

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Appraisal Buzz

DECEMBER 19, 2024

The annual percentage of first-time buyers was 24%, the lowest ever recorded, according to NARs 2024 Profile of Home Buyers and Sellers, which was published in November 2024. The main constraints in the housing market have been inventory and affordability, Sturtevant said. has been a difficult market for would-be home buyers.

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Housing Wire

NOVEMBER 1, 2024

There are some prospective home buyers and sellers who are watching the Fed to get a read on where mortgage rates might be headed,” Sturtevant said. If economic conditions weaken and the labor market softens, mortgage rates could come down quickly. But mortgage rates are influenced by much more than what the Fed does.

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Housing Wire

JUNE 1, 2024

So, what does this all mean for the housing market and the future of mortgage rates? It’s a big week for housing with reports on the labor market, the economy and mortgage rates. One thing to remember with the labor data is that it’s no longer a tight labor market, but it hasn’t broken yet.

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Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. in 2025, indicating four more 25 bps cuts. We don’t expect rates to fall that much in this period and it may not offset rising home prices in hot housing markets.

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Housing Wire

APRIL 11, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. One of my big calls in the previous expansion was that we wouldn’t see housing starts begin a year with 1.5 million, I can take off the unhealthy housing market label.

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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. New listings volume continues to run ahead of last year and we see more sellers than last year. Last year was probably a record low for mid-March as we had very few sellers.

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Inventory New Listings Sellers Contracts 468

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.” Many of those sellers will list if rates get back down to 5%.” 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.elementor-dro

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Housing Wire

SEPTEMBER 3, 2024

This week saw 6% fewer sellers than even last year which was already super low. Next year, a healthier housing market will see that number climb over 70,000 per week to maybe 80,000 sellers per week. For buyers and sellers, these conditions can change fast and it can be very impactful for smart decision making.

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Inventory New Listings Contracts Buyers 457

Housing Wire

SEPTEMBER 5, 2024

The widely anticipated Fed rate cut has already ushered in lower mortgage rates, but it seems that some buyers and sellers are waiting for additional declines,“ Realtor.com chief economist Danielle Hale said in a statement. “As As the market slows seasonally, fall is one of the best times to buy a house.

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Housing Wire

AUGUST 2, 2023

With the resilient but still slower housing market conditions of the second quarter of 2023, Zillow reported that traffic to its apps and site was at 226 million average monthly unique users, down from 234 million a year ago. Barton also presented Zillow’s product roadmap, touching on different updates and projects underway.

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Agents Finance Sellers Housing Market 370

Housing Wire

MARCH 29, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. One of my big calls in the previous expansion was that we wouldn’t see housing starts begin a year with 1.5 million, I can take off the unhealthy housing market label.

Inventory 435

Inventory Housing Market Marketing Modernization 435