Appraisal Buzz

NOVEMBER 26, 2024

As 2025 draws near, mortgage rates are once again in the news. Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. increase in property values in 2025.

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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. It’s a complex landscape where the tension between renting and owning is more pronounced than ever, and regional differences in housing demand highlight the uneven nature of the market. reflect a growing divide.

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Real Estate Marketing Insurance Property Taxes 493

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. There are still far fewer sellers each week than in the pre-pandemic era.

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Sellers Marketing Inventory Contracts 482

Housing Wire

JANUARY 17, 2025

As we head into 2025, Im optimistic about the Southern Nevada real estate market and the opportunities it presents. Economic landscape and interest rates The political climate is changing, and I believe this will contribute to a heating-up of the real estate market in the new year.

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Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. The after-repair value is the estimated full market value of a property in fully repaired condition.

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Housing Market Retail Marketing Sellers 370

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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Housing Wire

OCTOBER 17, 2024

in 2024 and 2% in 2025. ” Following data revisions and recent employment data, bond market expectations for rate cuts have moved into closer alignment with the dot plot from the Federal Reserve ’s latest Summary of Economic Projections. . by the end of 2025.” by the end of 2025.” in 2023 to 2.3%

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Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% decrease from the previous year. “In overall to $429,990.

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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. All areas offer a favorable financing environmenteither with lower proportions of locked-in homeowners or lower mortgage rates.

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Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. May 2024 Market Report Highlights Home values climbed month over month in all 50 of the nation’s largest metro areas in May. Buyers observed more listings month after month in all major markets except Miami.

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Sellers Buyers New Listings Home Value 397

Housing Wire

DECEMBER 16, 2024

The company has been in business since 1957 as we always say, we are a multigenerational company and that is not just a marketing phrase, Hanna said. In 2025 and beyond, Hanna said he hopes these innovations lead to more growth. The biggest lesson this year was really just a reinforcement of something we kind of already knew.

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Real Estate Brokerage Agents Buyers 370

Housing Wire

DECEMBER 30, 2024

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic.

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Housing Wire

OCTOBER 7, 2024

Photo courtesy of Willie & Kim Photography) Mortgage industry leaders expect more mergers and acquisitions (M&A) in 2025, fueled by declining interest rates and renewed market confidence after two years of what they describe as “modest activity.” Rates are starting to go down.

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Housing Wire

DECEMBER 11, 2024

The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. The 2025 Red Paper from The Agency shows the luxury market making a sharp diversion from the broader existing home sales market, which could clock in near a historic low at fewer than 4 million sales.

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Housing Market Marketing Buyers Real Estate 370

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. “Our scalable tech platform is what empowers us to navigate dynamic markets with agility.

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Housing Wire

JANUARY 6, 2025

Inventory fell There are 635,000 single-family homes unsold on the market now. fewer homes on the market that a week ago. In those times, we just had far more buyers than sellers. Thats not true now, so we should expect inventory to begin building for the year in February 2025. I havent showed this view in a while.

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Inventory New Listings Contracts Sellers 448

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

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

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. The more folks with expensive loans, the greater the available inventory of homes on the market. Thats a lot more would-be home sellers when the time comes. of outstanding mortgages, around 8.7

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Housing Wire

DECEMBER 5, 2024

We did two other significant deals earlier this year Latter & Blum and Parks Real Estate , who were also leaders in their respective regions and markets. Compass has been vocal about its desire to make significant market share gains , and Golod says its latest acquisition certainly wont hurt.

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Real Estate Sellers Agents Business 370

Housing Wire

MARCH 21, 2024

Redfin is expanding an agent compensation plan it launched last year by adding seven new markets starting in May, the national real estate brokerage announced Thursday. Beginning May 5, Redfin Next will be available in seven markets outside the Golden State —including Chicago, Connecticut, Dallas, Miami, New York City, Washington, D.C.,

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Housing Wire

DECEMBER 11, 2024

In 2025, effective websites leverage beautiful imagery, videography, graphics, copywriting, captivating typography and user experience design (UX) to educate buyers and sellers and sell you as a hyper-local market expert and trusted advisor. This is crucial for driving seller leads. Those who list, last.

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Housing Wire

JANUARY 7, 2025

housing market. Market observers believe that the cuts will be paused when the Fed meets again at the end of January. Last week, the labor department reported a seasonally adjusted annual rate of 211,000 unemployment claims a lower-than-expected figure which signaled that the labor market isnt breaking, according to Mohtashami.

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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 regional housing market was slower to recover from the financial crisis of the late 2000s than other parts of the country, and it had been reeling from a general decline of the region for years before that.

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Housing Market Marketing Property Taxes Inventory 459

Housing Wire

NOVEMBER 20, 2024

Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. Of the surveyed pool, 42% have sold since late 2022 as rising mortgage rates cooled the post-pandemic market. million members in 2025, at 8% smaller decline than many had expected.

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Real Estate Agent Real Estate Agents Sellers 476

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. Inventory is moving down There are now 719,000 single-family homes unsold on the market around the U.S. There are just over 27% more homes unsold on the market than last year.

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New Listings Inventory Sellers Contracts 397

Housing Wire

JANUARY 20, 2025

This housing market is on hold until mortgage rates come down. Some markets are much slower than others. Lets look at the Altos Research data for this week, the middle of January 2025. Inventory is up There are now 632,000 single-family homes unsold on the market around the U.S. There are 177,000 condos on the market.

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Mortgage Inventory New Listings Contracts 396

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

JANUARY 8, 2025

According to new Zillow research, Buffalo, New York, is projected to be the hottest major housing market in 2025. This is the first time a market has held the title for consecutive years. But both buyers and sellers should expect unpredictable mortgage rates. Thats the good news. 13 position this year.

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Buyers Sellers Home Value Construction 370

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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Real Estate Agent Agents Real Estate Buyers 488

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. Overall, the days spent on market is 24% higher now than a year ago.

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Inventory New Listings Sellers Contracts 476

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 In light of recent market trends, a 150 basis point range in 2025 seems plausible. from the current cap of $766,550.

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Mortgage Sellers Housing Market Buyers 397

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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Inventory Mortgage Sellers Housing Market 468

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

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 isn’t a strong market; it’s just better than last year. more homes on the market than last year. There are 29.8%

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

JANUARY 16, 2025

Over the past four years, home prices have increased significantly in many markets, but recently the rate of growth has begun to slow. These are just two of the challenges appraisers face in the current mortgage market, Ashley Jelinek, CEO of CSS, said in a statement. home prices rose by 3.6% year over year in October 2024.

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Appraisal Valuation Home Value Housing Market 370

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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