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U.S. Home Values Trend Below Historical Averages

Appraisal Buzz

This months release covers home sales in September, October, and November, a period in which buyers saw the most for-sale home options in nearly five years. Jones continued: Eager buyers took advantage of the brief reprieve in rates, which resulted in a 6.1% bump in existing home sales in November. in November.

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Housing Market Predictions for 2025

Appraisal Buzz

If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions!

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Zillow, Fannie Mae diverge on 2025 housing market predictions

Housing Wire

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. Home values are forecast to tick up 2.2% million in 2025.

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Skyrocketing home values driving higher property taxes

Housing Wire

The rapid rise in home valuations since the pandemic and stubbornly high mortgage rates have exacerbated the housing affordability crisis that began after the financial crisis. Rising property taxes add yet another layer to it and shut out buyers who might otherwise be able to afford a mortgage.

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Opportunity Zone Housing Markets Keeping Pace With Nationwide Price Gains

Appraisal Buzz

In over half of the Opportunity Zones examined, median prices rose by more than 10 percent a year as the country’s protracted housing market bubble persisted. Regardless matter whether the housing market has experienced a sharp upturn, a slight improvement, or a slight decline, that pattern has persisted.

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Urban home values growing faster than ‘burbs in Midwest

Housing Wire

A Zillow report released Thursday shows urban home values in Midwest cities — namely, St. Louis, Cincinnati, Cleveland, Kansas City, Columbus and Indianapolis — have risen faster than suburban home values over the past several months. Today, both sellers and buyers expect to handle a majority of the process online.

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Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. In addition to the same demographic factors driving growth elsewhere — all those millennials buying homes — the number of companies relocating there is a huge draw. year-over-year increase in home values. It is just a super tight housing market.