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Median income earners can only afford 25% of current listings

Housing Wire

It is no secret that housing inventory is low. As of June 2, there were 433,104 single family homes on the market nationwide, according to data from Altos Research. households earn $75,000 or less, meaning that in a balanced market, 51% of the homes for sale would be affordable to buyers in this income bracket.

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Targeting 2025’s 10 Top Housing Hot Spots 

Appraisal Buzz

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. Areas with a larger share of these homeowners may see an uptick in listings, helping to ease supply constraints.

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Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

Housing Wire

Additionally, analysts believe the steep decline of the housing market over the past 18 months and the commission lawsuits may lead many low producing or more casual agents to leave the business, allowing the top performing agents, who typically have a higher commission split with their broker, to gain more market share.

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ARMs race: adjustable-rate mortgages make a comeback

Housing Wire

In a tight housing market with a shortage of inventory and soaring rates, many homebuyers are opting for ARMs, which carry lower rates for an initial period of fixed interest and amortize over a 30-year term. . For the next six months, we expect ARMs to have some popularity,” said Johnson.

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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

When recent comparable sales are limited, the Case-Shiller Index offers empirical data that helps appraisers make informed time adjustments, ensuring that property values reflect current market conditions. This historical data can be critical for retrospective appraisals or when evaluating investment potential.

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Price Adjustments in this New Housing Market

Lamacchia Realty

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. As a result, there’s less demand for the available inventory, creating more price adjustments. See chart below.

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Housing Statistics for Beginners, Part 2

Birmingham Appraisal

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. In a seller’s market, where there are more buyers than available homes, prices might be higher.