Appraisal Buzz

APRIL 22, 2022

Rapidly rising mortgage rates are worsening affordability challenges that have been brought on by record home value growth. home are 19.5% Despite this, the pace … The post Home Value Forecast Predicts Slowdown in Growth appeared first on DSNews.

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Appraisal Buzz

NOVEMBER 26, 2024

Mandated by HERA The Housing and Economic Recovery Act (HERA) requires that the FHFA adjust the GSEs’ baseline CLL value annually to reflect the change in the average U.S. home price. home value over the last four quarters. Due to rising home values, the CLL values will be higher in all but six U.S.

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Appraisal Buzz

JANUARY 21, 2022

According to Zillow’s December Home Market Report, home values grew a record 1.6% The typical … The post Home Values Up Nearly 20% From Last Year appeared first on theMReport.com. The post Home Values Up Nearly 20% From Last Year appeared first on Appraisal Buzz.

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Appraisal Buzz

OCTOBER 4, 2024

What if a neighbor is the clutter-collecting culprit—could the adjacent property take a home-value hit? A team of researchers for StorageUnits.com surveyed some 500 licensed agents to determine how clutter in and around a seller’s home, as well as the surrounding neighborhood, impacts a property’s asking price.

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Appraisal Buzz

MARCH 10, 2025

First-time millennial buyers looking for more affordable options chose homes that needed work, the DIY movement being fueled by all your favorite before-and-after renovation TV shows (looking at you, Property Brothers ). But that was then and this is nowwhen home value appreciation has returned to earth. home renovation trends.

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Housing Wire

JANUARY 24, 2025

A group of 2,769 West Virginian borrowers claimed in the lawsuit, which was originally filed on July 23, 2012, that Rocket Mortgage (known then as Quicken Loans ) and its insurance arm, Amrock (formerly Title Source ), were unfairly influencing home appraisal values. However, a 2021 Supreme Court decision, TransUnion LLC v.

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Housing Wire

JANUARY 22, 2025

Reverse mortgage lender and servicer Longbridge Financial , which offers both Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ) loans as well as proprietary reverse mortgage products, announced that it has lowered the minimum home value for its fixed-rate proprietary products.

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Housing Wire

JULY 15, 2024

Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. ” These assumptions reduced the home’s value.

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Appraisal Buzz

OCTOBER 29, 2024

Many young Americans purchased their first homes during the pandemic or in the years preceding it, and they later profited from a historic increase in home values brought on by the homebuying boom of 2021–2022. Many young people were able to amass significant home equity as a result, and today’s home values continue to climb.

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Appraisal Buzz

DECEMBER 23, 2024

Key metrics include five-year home price trends, median sale prices relative to income, and median days homes spend on the market. increase in home values over the past five years, with an affordability ratio that keeps housing accessible while driving growth.

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Appraisal Buzz

MARCH 13, 2025

Homeownership as a Path to Wealth Owning a home provides significant financial advantages, including equity gains and appreciation in home values. The post Single Women Defying Housing Market Trends appeared first on Appraisal Buzz. Historically, homeownership has been a major wealth-building tool in the U.S.,

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Appraisal Buzz

DECEMBER 20, 2024

Home Values and Housing Costs Older homeowners generally reside in homes with lower median values than the overall population. For instance, the median home value for those aged 65 and older in Las Vegas is $429,600, slightly below the citywide median of $437,900. The post Examining Trends in U.S.

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Appraisal Buzz

DECEMBER 6, 2024

Research indicates that rising land prices have significantly outpaced the appreciation of home structures, contributing to a disparity in overall value growth. Land costs now comprise a larger share of home values, increasing from 35.7% in 2012 to 57.4% in 2023, according to American Enterprise Institute data.

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Appraisal Buzz

JUNE 26, 2024

A new rule was passed by the Consumer Financial Protection Bureau (CFPB) to address the use of artificial intelligence and complicated algorithms in home valuations, both now and in the future. A proper home appraisal is essential whether purchasing or selling a property. To read the full report, click here.

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Appraisal Buzz

MARCH 31, 2025

home valued at $357,138, up 2.6% The post Fannie Mae Projects Mortgage Rate Drops on the Horizon first appeared on Appraisal Buzz. However, many prospective buyers remain on the sidelines, as Zillow has found the average U.S. over the past year. Zillow also found that mortgage rates have reached lows not seen since December.

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Appraisal Buzz

NOVEMBER 6, 2024

home value is currently $359,892, up 2.7% Click here to read the RIHA’s full report “ Who Will Buy the Baby Boomers’ Homes When They Leave Them? The post Housing Supply vs. Aging in Place appeared first on Appraisal Buzz. And affordability remains an issue as Zillow notes the average U.S. year-over-year.

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Appraisal Buzz

OCTOBER 28, 2024

Rising home values : Due in part to the pandemic-driven homebuying boom in the Sunshine State, which saw a large influx of out-of-town buyers driving up prices, Florida’s house values have skyrocketed over the past six months. Top 5 Metro Areas Where Property Taxes Have Increased Most Since 2019 U.S.

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Appraisal Buzz

FEBRUARY 18, 2025

Zillows latest report states the average home value currently stands at $285,683 in the region, with 46.5% Presently, the average home value stands at $271,900, representing a 4.4% Here, 55% of listings sold over the year, with the current house value at $178,600significantly lower than the states average of $406,700.

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Appraisal Buzz

SEPTEMBER 19, 2021

For the first time since January, home value appreciation slowed month over month in August. Competition eased slightly as inventory rose for a fourth consecutive month, … The post Home Value Appreciation Slows appeared first on theMReport.com. That does not mean it is typical, data analysts say.

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Appraisal Buzz

DECEMBER 6, 2024

The post Home Price Growth to Decelerate Over the Next 24 Months first appeared on The MortgagePoint. The post Home Price Growth to Decelerate Over the Next 24 Months appeared first on Appraisal Buzz. The Q4 2024 HPES had 115 respondents, and was conducted by Pulsenomics between November 12-22, 2024.

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Appraisal Buzz

MARCH 20, 2025

Each one percentage point gain in home price translates into an approximately $350 billion increase in housing equity for American property owners, Yun adds. trillion in home value appreciation at a time when the current stock market is undergoing a correction. Percent in February first appeared on Appraisal Buzz.

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Appraisal Buzz

MARCH 4, 2025

But, its important to remember that new building contributes to the overall rise in market value. Albany, New York Top 10 Metros w/ the Fastest Growing Total Home Value (2024) Rank Metro % Growth YoY $ Growth YoY Total Metro Home Value 1 Albany, NY 11.3% $11.2B $110.6B trillion, Gen Xers home values rose 4.6%

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Housing Wire

NOVEMBER 17, 2022

Jim Amorin, the CEO of the Appraisal Institute , on Thursday announced his resignation from the appraisal trade group. In a statement, the Appraisal Institute said Amorin’s five-year term will end effective Feb. The racial gap itself in appraised values increased by 75% during that period. as Hispanic.

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Appraisal Buzz

DECEMBER 18, 2024

cities, such as page-view traffic, home value increase, and the speed at which properties sell, in order to identify the most popular markets in 2024. Markets Manchester, NH Named Most Popular Market Overall: Home shoppers are becoming more interested in Manchester, the states largest city. to $415,000 in the last year.

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Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. Another common theme is reducing the amount of subjectivity within the appraisal forms and data standard.

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Appraisal Buzz

OCTOBER 18, 2024

This was due to the leveling of home prices: After bouncing up in the spring and then flattening, the median home value was virtually unchanged at the end of the third quarter at about $360,000. Home values remained at or near record levels around large swaths of the country, keeping seller profits far above historical levels.

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Appraisal Buzz

NOVEMBER 22, 2021

A seasonal slowdown in purchase activity has not dampened home values, as the limited supply remains priced at a premium. The post Home Values Appreciate 19.2% The post Home Values Appreciate 19.2% YoY in October appeared first on Appraisal Buzz. YoY in October appeared first on DSNews.

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Appraisal Buzz

JANUARY 22, 2025

While builders response has kept multifamily rent growth steady for several months and stubbornly high mortgage rates are limiting buyer demand and home value increases, detached single-family home rentals are still rising at an accelerating rate. In the meantime, owned home value growth has leveled out at 2.6%

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Appraisal Buzz

OCTOBER 30, 2024

home value is currently $359,892, up 2.7% The post Four in Five Recent Homebuyers Interested in Refis appeared first on Appraisal Buzz. “Credit unions should lean into this fact and leverage available tools such as trended data and advanced analytics to seek out those consumers who may be able to refinance.” year-over-year.

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Appraisal Buzz

JANUARY 8, 2025

Even these notable metro areas appear modest in comparison to the double-digit yearly appreciation observed in 2021 and 2022, but home value growth is expected to level out this year. The post Homebuyer Competition Stiffens in the Northeast appeared first on Appraisal Buzz. 13 position this year.

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Appraisal Buzz

OCTOBER 18, 2024

home value is $359,892, up 2.7% over the past year, which may further cause affordability issues for potential home buyers. The post Single-Family Home Starts Rise for Second Straight Month first appeared on The MortgagePoint. A year ago at this time, the 30-year FRM averaged 7.63 And as Zillow reports , the average U.S.

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Appraisal Buzz

MAY 24, 2021

The median price of a home continues on a month-over-month upward trajectory, as short inventory plays a major factor into homebuyer’s decision-making in pursuit of the American Dream. . The post Home Values Rise to Highest Point Since Pandemic Start appeared first on theMReport.com.

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Appraisal Buzz

OCTOBER 22, 2024

home value currently stands at $359,892, a figure that is up 2.7% The post Renters Seek Ways to Overcome Homeownership Hurdles appeared first on Appraisal Buzz. According to Zillow , the average U.S. over the past year. Key Findings For the study, LendingTree commissioned QuestionPro to conduct an online survey of 2,048 U.S.

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Appraisal Buzz

MAY 20, 2021

Those same analysts found that despite a faster average price growth in majority-residents-of-color tracts, home prices continued to decline … The post A Look at Home Values in Communities of Color appeared first on DSNews. The post A Look at Home Values in Communities of Color appeared first on Appraisal Buzz.

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Appraisal Buzz

JANUARY 28, 2025

The post Southern States Lead in State-to-State Migration Trends appeared first on Appraisal Buzz. Net Migration in the U.S. The post Southern States Lead in State-to-State Migration Trends first appeared on The MortgagePoint.

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Inman

JULY 16, 2024

Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act. Rocket says it expects to prevail.

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Appraisal Buzz

FEBRUARY 12, 2025

Known for its red brick historic district, farmers market, and community events like the Flowertown Festival, Summerville is also one of just three suburbs in the top 10 with an average home value under $400,000 (the other two being Conway, South Carolina, and Davenport, Florida).

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