Appraisal Buzz

JANUARY 9, 2025

Even in these high-opportunity areas, tradeoffs likely need to be considered for buyers to get to the closing table. Choosing the best place will come down to whats most important to each buyer and their family, and our list of places, and their qualities, is a good guide. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5

Buyers 370

Buyers Investing Inventory Marketing 370

Appraisal Buzz

MARCH 5, 2025

From rates bordering the 7% range, to record high home prices, many home buyers are sitting on the sidelines waiting for a seismic change to hit the U.S. New data from LendingTree shows that among those active in the market last year, first-time buyers received a larger share of offers than those who already own. housing market.

Buyers 311

Buyers Housing Market Mortgage Marketing 311

Appraisal Buzz

DECEMBER 9, 2024

To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process.

Appraisal 358

Appraisal Marketing Valuation Tools 358

Housing Wire

MARCH 20, 2025

Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). Garber added that the most pressing concern for appraisers remains the resolution of fair housing claims by the U.S. HUD and FHA handed down new appraisal bias protections in May 2024.

Appraisal 243

Appraisal Reconsideration of Value Real Estate Legal 243

Appraisal Buzz

NOVEMBER 13, 2024

“Technology has enabled homeowners to live more sustainably and more affordably, which is a growing priority for prospective buyers,” said Amanda Pendleton, a Home Trends Expert at Zillow. The post Homeowners and Buyers Reveal the Most Desired Home Trends for 2025 first appeared on The MortgagePoint.

Buyers 418

Buyers Design Real Estate Agent Real Estate 418

Appraisal Buzz

OCTOBER 16, 2024

The post Buyers and Sellers Embrace Market in Wake of Mortgage Rate Dip first appeared on The MortgagePoint. The post Buyers and Sellers Embrace Market in Wake of Mortgage Rate Dip appeared first on Appraisal Buzz. To read the full report, including more data, charts, and methodology, click here.

Sellers 418

Sellers Buyers Marketing Mortgage 418

Appraisal Buzz

APRIL 4, 2025

Pent-up demand caused the housing market to flare up in February, but as buyers wait for more inventory, it has cooled off in March, according to Josh Felder, a Redfin Premier real estate agent in the Bay Area. ppts Which Metros Are Seeing the Biggest Buyer Markets? percentage points from the previous year. ppts 42.7% ppts 19.5%

Buyers 284

Buyers Real Estate Agent Inventory Sellers 284

Appraisal Buzz

JANUARY 30, 2025

Budgeting, Buyers Remorse and Bills More than two-thirds (69%) of homeowners regret their home and the related costs, and 4 out of 5 (81%) say their spending was higher than they had expected. The post Non-Mortgage Homeownership Costs Shock First-Time Buyers first appeared on The MortgagePoint.

Buyers 335

Buyers Property Taxes Mortgage HOA 335

Sacramento Appraisal Blog

APRIL 3, 2025

The gap between buyers and sellers has been growing, but are we about to have an Indiana Jones moment in the housing market? I think many people are wondering that, so let’s talk about it.

Sellers 262

Sellers Buyers Housing Market Appraisal 262

Appraisal Buzz

DECEMBER 20, 2024

The post Buyers With Children More Likely to Receive Family Down Payment Assistance first appeared on The MortgagePoint. The post Buyers With Children More Likely to Receive Family Down Payment Assistance appeared first on Appraisal Buzz. To read the full report, including more data, charts, and methodology, click here.

Buyers 392

Buyers Agents Mortgage Clients 392

Appraisal Buzz

MARCH 5, 2025

High mortgage rates and high home prices combined with economic uncertainty are causing some would-be buyers to change their minds. Increasing inventory and reduced demand has tilted the housing market in buyers favor in recent months. Some buyers are getting cold feet with everything going on in the world.

Buyers 273

Buyers Inspection Agents Contracts 273

Appraisal Buzz

NOVEMBER 13, 2024

The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. Notably, 63% of first-time buyers were surprised by the cost. It was noted that 79% of buyers compromised on at least one priority. Among Gen Z, 49% exceeded their budget—over 1.5

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Appraisal Buzz

MARCH 11, 2025

As buyers become serious about property looking before their summer vacation and the start of the new school year in the fall, search traffic usually peaks before Memorial Day. Sellers can list their house when the most buyers are seeking by focusing on late spring. Homes listed in the final two weeks of May sold for 1.6%

Sellers 393

Sellers Buyers Inventory Housing Market 393

Appraisal Buzz

MARCH 31, 2025

We think mortgage rates will move even lower within the next quarter and ultimately close the year at approximately 6.3%, which could be low enough to generate some extra sales from any would-be buyers still waiting on the sidelines. However, many prospective buyers remain on the sidelines, as Zillow has found the average U.S.

Mortgage 435

Mortgage Buyers Home Value Inventory 435

Appraisal Buzz

MARCH 17, 2025

The post Rise in Mortgage Credit Availability Offers Buyers More Options first appeared on The MortgagePoint. The post Rise in Mortgage Credit Availability Offers Buyers More Options appeared first on Appraisal Buzz. To read the full report, click here.

Buyers 221

Buyers Mortgage Government Lending 221

Appraisal Buzz

NOVEMBER 25, 2024

More inventory should shake loose in 2025, giving buyers a bit more room to breathe. But since then, they have climbed back to nearly 7%, changing the affordability picture for home buyers. Mortgage rates fell in September, briefly bringing the share of affordable listings to a 19-month high.

Housing Market 365

Housing Market Marketing Buyers Construction 365

Appraisal Buzz

MARCH 10, 2025

Buyers are willing to pay nearly 4% more than expected for a home that is already remodeled (3.7%)an Fixer-uppers can be appealing to a first-time buyer trying to get their foot in the door of homeownership, because they offer a lower initial price of entry, said Amanda Pendleton, Zillows home trends expert. home value growth in 2025.

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Renovations Home Value Buyers Sellers 414

Housing Wire

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. Calque also offers buyers a guaranteed offer on their current home to reduce risk. “It In other words, if a buyer can sell their home in a specific timeline, the contingency is pulled and the buyer can purchase the property.

Mortgage 448

Mortgage Buyers Contracts Finance 448

Appraisal Buzz

APRIL 1, 2025

According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market. Generation X buyers (ages 4559) held steady at 24% of their share.

Real Estate Agent 359

Real Estate Agent Sellers Buyers Agents 359

Appraisal Buzz

MARCH 20, 2025

Todays buyers need to be armed with information, while demonstrating patience and flexibility, in order to achieve their dream of homeownership. For lenders, this provides an opportunity to tap into technology and increase offerings that buyers indicate they want to see.

Buyers 391

Buyers Technology Mortgage Appraisal 391

Appraisal Buzz

OCTOBER 25, 2024

housing market is showing signs of relief for buyers, as home prices drop in more than half of the largest metropolitan areas. Key Markets Experiencing Price Declines Several major cities across the country are experiencing a drop in median home prices, a welcome change for buyers facing years of affordability challenges.

Buyers 368

Buyers Housing Market Construction Real Estate 368

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. Zorn stated that he would not offer or accept compensation from an agent.

Sellers 459

Sellers Real Estate Buyers Legal Fees 459

Appraisal Buzz

DECEMBER 23, 2024

Binghamton, New York: Combining stability with steady price growth, Binghamton also maintains affordability, making it appealing to buyers focused on value and longevity. The post Ranking the Top States and Cities for Homebuyers appeared first on Appraisal Buzz.

Housing Market 397

Housing Market Investors Buyers Home Value 397

Appraisal Buzz

MARCH 13, 2025

If 2025 follows the seasonal trends of the past few years, sellers who list their property this week may see more buyers in the market, sell their home more quickly, and receive an average of $27,000 more than they would at the beginning of the year. higher than the beginning of the year and 1.1% more than the average week of the year.

Sellers 367

Sellers Inventory Buyers Housing Market 367

Appraisal Buzz

DECEMBER 16, 2024

When I explain to buyers that they can get more bang for their buck and lower flood risk a little further inland, they often tell me, Rafael, we came to Florida for the waterfront views. This gives buyers leverage when theyre negotiating with other insurers. appeared first on Appraisal Buzz. That compares 59.2%

HOA 392

HOA Insurance Buyers Property Taxes 392

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” There is no doubt that buyers will experience several highs and lows during the course of the year. Zillow predicts 4.3

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Appraisal Buzz

FEBRUARY 13, 2025

The post The Price of Independence: Singles Tax Forcing Buyers Out of the Market first appeared on The MortgagePoint. The post The Price of Independence: Singles Tax Forcing Buyers Out of the Market appeared first on Appraisal Buzz. To read the full report, click here.

Buyers 221

Buyers Tenants Decorating Marketing 221

Housing Wire

SEPTEMBER 5, 2024

Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates.

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Appraisal Buzz

NOVEMBER 4, 2024

housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. First-time buyers decreased to 24% of the market share (32% last year). For first-time buyers, this number jumps to 64%.

Real Estate Agent 370

Real Estate Agent Buyers Sellers Real Estate 370

Appraisal Buzz

FEBRUARY 13, 2025

The nationwide survey of nearly 900 prospective buyers found that searching for and virtually touring homes are the two most common uses of AI. The survey also revealed that 40% of prospective buyers interact with AI once a day or more. The survey showed that nearly 40% of buyers are using AI to both find and view homes.

Tools 425

Tools Buyers Renovations Technology 425

Appraisal Buzz

OCTOBER 31, 2024

Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. In relatively competitive housing markets, agents are seeing more negotiation over who pays the buyer’s agent, and how much they are paid.

Real Estate Agent 386

Real Estate Agent Real Estate Agents Sellers 386

Appraisal Buzz

MARCH 14, 2025

I recently saw one house get 10 offers and sell for $50,000 over the asking price, and the buyer waived their appraisal contingency. The supply of homes for sale is surging in many parts of Texas and Florida, giving buyers an upper hand, and causing prices to fall. appeared first on Appraisal Buzz.

Contracts 393

Contracts HOA New Listings Real Estate Agent 393

Appraisal Buzz

FEBRUARY 25, 2025

As inflation continues to impact the wallet of Americans, potential home buyers are being impacted as well. The amount of money homebuyers are putting down is higher than a year ago mainly because home prices are up: A higher price means buyers typically make a bigger deposit. homebuyers down payment was 16.3% The median U.S.

Buyers 377

Buyers Renovations Mortgage Housing Market 377

Housing Wire

MARCH 31, 2025

Those efforts are not for the benefit of sellers or buyers, but are instead designed to benefit those brokerage firms by entrenching them as the gatekeepers of property listings. An open, fair, transparent, and comprehensive marketplace benefits all market participants, including sellers, buyers, brokers, and appraisers.

Clients 312

Clients Brokerage Real Estate Sellers 312

Appraisal Buzz

DECEMBER 19, 2024

More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. has been a difficult market for would-be home buyers. Buyers should still expect to encounter a competitive market in the year ahead.

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

OCTOBER 28, 2024

The Federal Housing Finance Agency has expanded the eligibility for alternative appraisal methods on purchase loans by increasing the maximum loan-to-value (LTV) requirement. billion in appraisal fees by using proprietary models, historical data, and public records. billion since early 2020.

Appraisal 459

Appraisal Valuation Inspection Sellers 459