Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. Home values are up from year-ago levels in 46 of the 50 largest metro areas.

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Sellers Buyers New Listings Home Value 397

Appraisal Buzz

SEPTEMBER 16, 2024

According to Zillow’s most recent market report , reduced mortgage rates and more inventory are providing house buyers with a window of opportunity at an uncommon time of year. Buyers have more options to choose from for two reasons. Beyond that, more inventory is becoming available enough to improve buyer negotiating power.

Buyers 396

Buyers New Listings Inventory Home Value 396

Housing Wire

APRIL 13, 2021

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. “If Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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Housing Market Buyers Marketing Real Estate Agent 535

Appraisal Buzz

JULY 21, 2021

Home values within a short commute of the country’s biggest downtown job centers are growing more slowly than those farther out, a new analysis from Zillow and HERE Technologies shows. Now, homes. The post Report: Short Commute Isn’t as Important to Home Buyers These Days appeared first on Appraisal Buzz.

Buyers 370

Buyers Home Value Technology Appraisal 370

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.

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Clients Agents Buyers Sellers 452

Housing Wire

JANUARY 25, 2021

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by 3.7%

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Home Value Mortgage Buyers Marketing 545

Housing Wire

APRIL 11, 2022

Mortgage origination activity rose last month despite rapidly rising mortgage rates as prospective buyers sought to lock in their loans. While cash-out refinance activity, which has been somewhat insulated due to strengthening home values, rose a mere 1.6% in March from February, rate-term refi originations fell 15.4%

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Buyers Mortgage Home Value Sellers 367

Housing Wire

MARCH 31, 2021

As work-from-home becomes more of a national norm, prospective homebuyers are seeking better home values in small towns that still offer a lot of amenities. ” The post Buyers flock to Bay City, Michigan for ultra-low home prices appeared first on HousingWire. ” Builders are backed up, too. .

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Buyers Investors Realtors Agents 418

Housing Wire

JULY 28, 2023

Buyers searching for starter homes in today’s market are on a wild goose chase because in many parts of the country, there’s no such thing as a starter home anymore,” said Redfin Senior Economist Sheharyar Bokhari. Austin buyers must earn $92,000, down 3.3% Austin buyers must earn $92,000, down 3.3%

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Buyers Housing Market Investors Real Estate 368

Real Estate News

NOVEMBER 20, 2024

The reversal follows 14 years of larger gains for homes in high-risk areas, suggesting that buyers may be less willing to move to disaster-prone regions.

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Home Value Buyers 260

Appraisal Buzz

JULY 16, 2024

homebuying season, Zillow’s latest monthly report finds that home listings are beginning to pile up as buyers step back from the peak of home shopping season earlier than usual. “A A growing segment of homes that aren’t competitively priced or well marketed are lingering on the market. elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-c

Home Value 397

Home Value Inventory Buyers Sellers 397

Housing Wire

NOVEMBER 7, 2023

“If somebody is concerned about that (taxes), I always put it back on the buyer and ask them, ‘Do you have any control in the increase of your rent payment?’” single-family home was $3,901, up 3% compared to 2021, ATTOM reported. But home values and taxes have shot up in several neighborhoods.

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Property Taxes Home Value Government Valuation 540

Real Estate News

FEBRUARY 24, 2023

A new Redfin report found the total value of U.S. homes has dropped $2.3 trillion since June 2022, with the biggest declines in the San Francisco Bay Area.

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Home Value Buyers 230

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.

Housing Market 370

Housing Market Investors Buyers Home Value 370

Appraisal Buzz

AUGUST 8, 2024

“Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao. New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year.

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Valuation Housing Market Marketing Home Value 417

Housing Wire

NOVEMBER 7, 2024

Now, soaring premiums demand more careful review and sticker shock is prompting buyers to walk away from deals, especially in states like Florida and Texas. In California, where more than 7,000 wildfires occurred last year, the typical homeowner in many ZIP codes paid premiums as low as 0.05% of home value, according to the Times.

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Insurance Supply Chain Real Estate Design 469

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. Cleveland (3.0) Buffalo, NY (3.2)

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Buyers Advertising Inventory Home Value 273

Housing Wire

MARCH 25, 2021

However, there are two popular options lenders use with buyers. Here’s how to get an instant offer on your home. The first option, a lender provides funds that equal the difference between up to 80% of the buyer’s home value and their current loan balance. More for Real Estate Enthusiasts. Projects to avoid.

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Buyers Finance Real Estate Home Value 542

Appraisal Buzz

JUNE 20, 2024

home, a buyer making the median income needs to put down nearly $127,750, or 35.4%. Just five years ago, when mortgage rates were hovering just above 4% and the typical home was worth nearly 50% less, that home would have been affordable with no money down. home , currently valued at $360,681, up 4.3%

Home Value 397

Home Value Buyers Housing Market Inventory 397

Appraisal Buzz

JULY 30, 2024

Zillow defines a “starter home” as one that is in the lowest third of home values in a given region. Nationwide, the typical starter home is worth $196,611, which is comfortably affordable for a median-income household, Zillows says in its report. Starter home values have grown 54.1% Of the 237 U.S.

Home Value 369

Home Value Buyers Appraisal Marketing 369

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

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Buyers Housing Market Real Estate Agent Real Estate 539

Cleveland Appraisal Blog

AUGUST 6, 2021

Do you know of anyone who purchased a home within the past year? Below is a chart from the National Association of REALTORS article on home buyer regret. It reflects the results of a survey made by bankrate.com , which reflects the percentage of those who regret their home purchase, and the reasons why. Is this wise?

Buyers 243

Buyers Property Taxes Inspection Market Value 243

Appraisal Buzz

JULY 10, 2024

VeroFORECAST evaluates home prices in over three hundred of the nation’s largest housing markets, and the company is committed to the data science of predicting home value based on rigorous analysis of the fundamentals and interrelationships of numerous economic, housing, and geographic variables pertaining to home values.

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Home Value Inventory Housing Market Buyers 390

Housing Wire

MAY 8, 2024

“The expensive markets in the West, where home prices declined last year, are roaring back,” Yun said. Price dips in that region were viewed as second-chance opportunities by many buyers.” Only 7% of markets (15 of 221) experienced home price declines in the first quarter, down from 14% in Q4 2023. in the prior quarter.

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Marketing Buyers Realtors Home Value 494

Appraisal Buzz

SEPTEMBER 27, 2024

Researchers for LendingTree found home values in the country’s priciest micro politan areas (“towns” for the purposes of their report) rival those in the nation’s largest metros. This means buyers in many towns have to compete for a relatively small number of homes, which puts upward pressure on prices.”

Home Value 370

Home Value Real Estate Buyers Construction 370

Housing Wire

AUGUST 1, 2024

Rapidly rising home prices are bad news for prospective buyers, but they’re proving quite beneficial for homeowner equity. Supplies of homes for sale remain limited these days and buyer demand is typically elevated during the summertime. Relatively affordable markets in the south and midwest drove the gains. to 34.7%.

Market Value 456

Market Value Home Value Housing Market Buyers 456

Appraisal Buzz

AUGUST 19, 2024

The record high in home prices—the median sale price nationally increased by 4% in June—has led to a record high in the percentage of American homes valued at $1 million or more. Recent declines in mortgage rates have given buyers a small respite, increasing their purchasing power by tens of thousands of dollars.

Home Value 390

Home Value Luxury Properties Buyers Inspection 390

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Therefore, it begs the question: what will happen to home values? To answer this question, we must consider the historical correlation between interest rates and home price appreciation. 1] [link]. [2]

Sellers 435

Sellers Marketing Market Value Home Value 435

Housing Wire

APRIL 7, 2021

“The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.” Approximately 80% of those surveyed said they would like to view a virtual home tour and a digital floor plan before buying, if they were shopping for a home. Presented by: Propertybase.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

JUNE 5, 2024

home values is growing faster that the more commonly viewed metric of listing price. By comparison, the national median list price for a home jumped 37.5% Buyers, sellers and agents can then assess whether a property is priced appropriately based on factors such as location and condition.

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Agents Home Value Buyers Real Estate 455

Housing Wire

JUNE 1, 2021

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. In order for investors to qualify for the credit, buyers must make no more than 140% of area median income.

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Renovations Development Investors Legal 516

Housing Wire

FEBRUARY 10, 2021

Zillow also announced it has agreed to pay $500 million to acquire ShowingTime , which makes software for prospective buyers to arrange showings with agents. The Seattle-based company , which has mostly pivoted from selling advertising to real estate agents into iBuying, acquired 1,789 homes in the fourth quarter. million – up 25.8%

Home Value 418

Home Value Advertising Real Estate Agent Real Estate 418

Appraisal Buzz

SEPTEMBER 17, 2024

home value currently stands at $361,282, up 2.9% This analysis shows homeownership may be more within reach than most renters think,” said Zillow Home Loans Senior Economist Orphe Divounguy. For those who can put together a down payment, buying a home in these cities may be the right move. year-over-year.

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Buyers Home Value Insurance Mortgage 418

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. The increase in property taxes is the last straw for some prospective buyers,” de la Campa said.

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Property Taxes Home Value Government HOA 349

Appraisal Buzz

OCTOBER 8, 2024

New Orleans Total housing units: 466,902 Vacant housing units: 67,704 Vacancy rate: 14.50% Most common reason for vacancy: Housing unit is for rent Share of vacant housing units empty for most common vacancy reason: 23.49% Median home value: $263,500 Median gross rent: $1,159 2.

Home Value 418

Home Value Housing Market Marketing Investors 418

Housing Wire

APRIL 15, 2024

Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers.

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Housing Market Inventory Buyers New Listings 408

Housing Wire

OCTOBER 24, 2023

We have been the category leader in buyer nurture for many years now and we have been widely viewed by our customers as the best way to keep clients in an ecosystem that they have visibility and control over, but that was mainly around buyers. “It was a long time coming,” Andrew Flachner , RealScout’s co-founder and president, said. “We

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Sellers Home Value Client Relationships Agents 326