Appraisal Buzz

OCTOBER 30, 2024

Pending house sales are a good indicator of market conditions and typically follow existing home sales by one to two months. According to the Realtor.com and WSJ Housing Market Ranking, homebuyers have focused on mid-sized, reasonably priced regions in the Midwest and Northeast, even if housing prices are still high.

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Housing Wire

JUNE 17, 2024

From rising home prices to rising mortgage rates and inflation , the millennial generation hasn’t had it easy when it comes to homeownership. In 1980, when boomers were entering their prime homebuying years, mortgage rates spiked above 16% and the average monthly home loan payment jumped 34% year over year. of their median income.

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Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. 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.

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Housing Wire

NOVEMBER 20, 2024

The 2024 housing market is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housing market. HousingWire’s expectation of 4.2

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Appraisal Buzz

DECEMBER 16, 2024

With mortgage rates forecast to remain above 6%, inventory expected to remain tight, and home prices predicted to stabilize at their current highs, its looking like the housing market wont see much of a thaw in 2025, Fannie Maes Economic and Strategic Research (ESR) Group says in a recent report.

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Housing Wire

SEPTEMBER 20, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. Today’s decision not to raise rates will likely influence credit markets. In fact, mortgage applications picked up in the week leading up to the Fed meeting, signaling a wave of optimism.

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Housing Wire

APRIL 30, 2024

FHFA explained some of the actions it has taken to address housing inequality. million families under the Equitable Housing Finance Plans ”by educating consumers, reducing closing costs, introducing innovation into underwriting, and combating appraisal bias,” the agency stated. The effective date for this provision is Feb.

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Housing Wire

NOVEMBER 7, 2023

Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking business. Its mortgage business outperformed the broader origination market and the company reduced cash burn, putting the firm on track to its goal of reaching non-GAAP profitability by next year.

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Housing Wire

APRIL 27, 2022

Our demographics were either too young or too old to be in the market to purchase homes. “Second, over 8 million homeowners were delinquent on their mortgages, and once they lost their home, they would join the ranks of renters. I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”.

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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. Last week, Freddie Mac reported the 30-year, fixed-rate mortgage (FRM) at its lowest point since February 2023 , when they averaged 6.20%. A year ago at this time, the 30-year FRM averaged nearly a full percentage point higher at 7.18%.

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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.

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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. Mortgage Rates That holiday present from the Federal Reserve? rise and a 6.2%

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Appraisal Today

NOVEMBER 1, 2024

FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 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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Empire Appraisal Group

OCTOBER 10, 2024

Conversely, a rapid decline in active listings could suggest a market that is heating up. Generally speaking, local housing markets where active inventory has returned to pre-pandemic levels have experienced softer home price growth (or outright price declines) over the past 24 months.

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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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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. As mortgage rates fall, more buyers may re-enter the market, spurring increased transaction volumes. What does it mean for appraisers? and the updated URAR.

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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. This modest price increase is the lowest YoY gain in recent memory and signals a bottoming out of the traditional 10-year housing cycle in this part of the country.

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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. Things are going really well.

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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. Mortgage rates have risen by about 1.6 Rates have a small chance to top out before hitting 5% and a good chance of topping out before hitting 6%,” said Matthew Graham, chief operating officer at Mortgage News Daily. “It APRIL HOUSING UPDATE.

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Housing Wire

NOVEMBER 12, 2024

Housing markets across the country have stalled since mortgage rates began to rise in 2022, but relief may be on the way. That’s according to Lawrence Yun, chief economist for the National Association of Realtors (NAR), whose latest forecast calls for a 9% increase in home sales in 2025 and a further boost of 13% in 2026.

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Housing Wire

NOVEMBER 21, 2024

It looked like existing-home sales were primed to rise in 2025, but the prospect of higher-than-expected mortgage rates are driving down expectations. Fannie Mae on Thursday issued revisions to its 2025 housing market forecast, dropping its estimated gain for existing-home sales next year from 11% to a more muted 4%.

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Housing Wire

NOVEMBER 22, 2024

The housing industry expected mortgage rates to come down in 2025. The latest sign that views on interest rates are changing comes from the Mortgage Bankers Association (MBA), which has released its monthly mortgage finance forecast. MBA now expects mortgage rates to range between 6.4% in 2025 and above 6% in 2026.

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Appraisal Buzz

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) has finalized a rule mandated by Congress that applies existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans. PACE borrowers were more likely to fall behind on their first mortgage than people who chose not to finance home improvements with PACE.

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Appraisal Buzz

NOVEMBER 11, 2024

The National Association of Realtors (NAR) Chief Economist Lawrence Yun said that job increases are continuing, mortgage rates are normalizing, and the worst of the housing inventory deficit is over. residential real estate market. Home sales depend mainly on jobs and mortgage rates.”

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Housing Wire

NOVEMBER 11, 2024

Housing attainability Housing affordability challenges are certainly not new and not surprising, especially in an environment that has seen home values increase rapidly in recent years in tandem with rising mortgage rates. Loan maturities and debt repricing At the end of 2026, an estimated $2.5 DellaPelle posited.

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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 would be a temporary solution, from Q2 2025 to Q4 2026.

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Appraisal Buzz

OCTOBER 28, 2024

The Mortgage Bankers Association (MBA) has announced that total mortgage origination volume is expected to increase to $2.3 By loan count, total mortgage origination volume is expected to increase by 28% to 6.5 We are bullish about the spring 2025 housing market. trillion in 2025 from the $1.79 trillion next year.

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Property Taxes Insurance HOA Inventory 409

Appraisal Buzz

JANUARY 13, 2025

As 2025 dawns, the housing market and mortgage industry brace for a year of change. With a new incoming administration under President Donald Trump, the industry is preparing for how his shifting policies and priorities will impact everything from mortgage rates and affordability to the conservatorship of the GSEs.

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Construction Supply Chain Government Housing Market 418

Will Springer Realtor

DECEMBER 17, 2024

The housing markets 2025 motto? With mortgage rates set to edge downward, home prices expected to rise only modestly, and sales ticking up bit by bit, the stage is set for a measured recovery in our region. The number of homes sitting on the market in King in September (4900) was the highest of any month since September 2019.

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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. or decades in the private sector.

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