Appraisal Buzz

OCTOBER 8, 2024

With the Federal Reserve beginning a series of interest rate cuts , the housing market is expected to see some improvement, but for now, homebuyers in most states continue to feel the squeeze. Mortgage rates climbed in 44 U.S. states during the first half of 2024, leaving homebuyers anxiously awaiting relief.

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Housing Wire

SEPTEMBER 20, 2023

next year and to reach 2% in 2026, he added. On the housing market, he noted that activity “picked up somewhat” although it remains well below the levels of a year ago, largely reflecting higher mortgage rates. Indeed, Sturtevant highlighted the resilience of the housing market in the face of rising interest rates.

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Housing Wire

NOVEMBER 22, 2024

“Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housing market. Austin fits the classic example of a boom/bust housing market, where a collapse is taking place.” The sheer amount of additional supply on the market has really given buyers more of a leg up,” she said. “I

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Housing Wire

MAY 29, 2024

NAR chief economist Lawrence Yun has repeatedly said that he expects membership to decline over the next two years before potentially rebounding in 2026. In the recent Realtor Magazine article, Yun noted that there’s generally a lag time of 18 to 24 months between when the market cools and when membership falls.

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Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Buyers want to know that they will be able to get a low mortgage rate when they lock in a rate. in 2025.

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Housing Wire

APRIL 27, 2022

I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”. The loan profile of buyers during the post-2010 expansion is excellent, so when the next job loss recession happens, we won’t lose as many homeowners (compared to what occurred after the Great Recession).

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Appraisal Buzz

SEPTEMBER 18, 2024

The Fed now predicts that inflation will not come down to their 2% target until sometime in 2026. Put another way, a buyer who budgeted to buy the typical home in 2023 now has an extra $70,000 in home purchasing power for the same monthly cost, and the boost is even greater in some markets such as those in California.”

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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. To read the full report, including more data, charts, and methodology, click here.

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Will Springer Realtor

JANUARY 9, 2024

This should have sparked the fading embers of an otherwise chilly housing market in Seattle/King County in the final days of 2023. In other words, the housing market was in deep hibernation and the conditions should only improve from here. But by how much? Condo prices inched up 0.4% rise and a 6.2% in King but down 2.1%

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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 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.

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Housing Wire

JULY 23, 2024

The program authorized $350 billion to state, local and tribal governments, but with the stipulation that the money be allocated by the end of this year and spent by the end of 2026. First-time homebuyers have 1,445 programs that are restricted to assisting only them, while 970 allow for assistance to repeat buyers.

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Will Springer Realtor

JANUARY 23, 2024

Headlines aside, many prospective buyers have explained to me that they want to leap to homeownership but are waiting for prices and/or mortgage rates to come down. Yes, that’s the affordability challenge – meeting buyers in their happy spot as they manage budget responsibilities every month. This is useful but overly simplified.

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Appraisal Today

SEPTEMBER 27, 2024

My info below is a limited high-level summary for the new UAD and URAR of what was presented, and what the appraiser community can expect to see, from now into 2026. A house on the same street listed last September, for nearly $2.3 All three would compete for the same buyer and are priced similarly. and the updated URAR.

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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?

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Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. Estimated opening is 2026.

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Will Springer Realtor

APRIL 11, 2022

The spring housing market will include a trio of indicators – all rising. What does it mean to buyers? The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. BY THE NUMBERS. >>

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Housing Wire

NOVEMBER 11, 2024

Price expectations gap According to DellaPelle, real estate buyers and sellers are in a standoff when it comes to asset prices. “I I think the expectations that I have as a seller are probably different than the buyer, but the game there is smaller.” million for it in a very strong suburban market.

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Housing Wire

NOVEMBER 22, 2024

One of the many matters of importance to Americans is your strategy for housing. As the rest of the country waits, debates, and predicts an economic recession, the United States housing market has been languishing in a historic one for nearly 3 years. This could be a huge win-win-win (country, seller, buyer).

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Will Springer Realtor

DECEMBER 17, 2024

The housing markets 2025 motto? We just completed a year marked by great challenges for first-time home buyers and those with fading wishes. Read more about the Seattle metro housing market in my monthly blog post, including the latest report here.) Slow and steady wins the race. King County reported 21.7K

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Housing Wire

AUGUST 1, 2024

For anyone wondering what a Democratic or Republican presidential administration might look like for the housing market in 2025 and beyond, industry experts can provide some insights based on their experience in government, proximity to D.C. In response, the Fed would slow or pause rate cuts in 2026 and beyond.

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