Appraisal Buzz

AUGUST 5, 2024

A new analysis from Zillow has found that luxury home value growth has now outpaced appreciation on typical homes for five consecutive months. The typical luxury home—defined by Zillow as the most valuable 5% of homes in a given region—is worth about $1,620,000. Luxury home values across the U.S.

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Housing Wire

DECEMBER 16, 2024

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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Appraisal Buzz

MARCH 10, 2025

Sorry, Home Depot, we have entered the age of move-in ready. Buyers are willing to pay nearly 4% more than expected for a home that is already remodeled (3.7%)an However, buyers who are already stretching their budget to afford a home in todays market may not be willing or able to spend more on renovations or repairs.

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Appraisal Buzz

AUGUST 2, 2024

of mortgaged residential properties were considered equity-rich, a term indicating that the combined estimated loan balances secured by those properties were no more than half of their estimated market values. of homes were equity-rich, matching a high point reached in the spring of the previous year. in Q1 2024 to 37.4%

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Appraisal Buzz

DECEMBER 23, 2024

Using factors like market stability, long-term growth, affordability, and market fluidity, this guide highlights housing markets expected to perform well in 2024. The Best States for Homebuyers in 2024 ConsumerAffairs analysis ranks states with strong market resilience, potential for value appreciation, and affordability.

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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.

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Appraisal Buzz

NOVEMBER 8, 2024

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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Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. With affordability shrinking, buyers are taking more risks to secure homes, according to HomeLight s 2025 Lender Insights & Predictions survey.

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Housing Wire

MARCH 24, 2025

The data is clear that selling off the MLS costs home sellers in communities of color thousands of dollars in lost value, Zillow senior economist Orphe Divounguy said in a statement. We must maintain transparency in the housing market so we dont go back to the dark ages of real estate.

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Housing Wire

APRIL 13, 2021

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.

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Housing Wire

JANUARY 22, 2025

Single-family rental ( SFR ) homes are now priced 20% higher than the typical apartment, according to Zillow s rental market report for December 2024. metro areas and found that the typical asking rent for a single-family home reached $2,174 per month in December. Zillow analyzed the 50 largest U.S.

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Housing Wire

JANUARY 16, 2025

Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. Over the past four years, home prices have increased significantly in many markets, but recently the rate of growth has begun to slow. home prices rose by 3.6%

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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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Housing Wire

OCTOBER 13, 2022

Key findings of the study show: On a national scale, the median value of a mobile home is $61,400 to $220,000 less than that of a single-family home, although median mobile home values increased by an average of 34.58% from 2016 to 2021. Only in these states are median mobile home values more than $100,000.

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Appraisal Buzz

JANUARY 8, 2025

According to new Zillow research, Buffalo, New York, is projected to be the hottest major housing market in 2025. This is the first time a market has held the title for consecutive years. What should be the most competitive markets for buyers this year share two characteristics: relative affordability and a dearth of available homes.

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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 down from year-ago levels in three major metro areas.

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Appraisal Buzz

OCTOBER 28, 2024

“The cost of owning a home has gone from affordable to unaffordable for a lot of local Florida residents and out-of-towners. Home prices that are much higher than in pre-pandemic times and the disaster-driven surge in HOA and insurance costs are now pricing homebuyers out of the market.” Atlanta $2,811 106.8% $239 65.8%

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Appraisal Buzz

JANUARY 2, 2025

home values had an annual growth of 3.6%a Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home prices rose again in October. last month).

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Appraisal Buzz

FEBRUARY 18, 2025

These results show just how diverse the real estate markets can be across the United States, said a spokesperson from Calgaryhomes.ca. While theres a variety of factors that go into how quickly homes sellaffordability, demand, and regional economic conditions for example-the results of the study are very interesting. of houses sold.

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Appraisal Buzz

OCTOBER 30, 2024

TransUnion’s survey found that four in five recent home buyers say their mortgage payments are straining their finances, and are looking to refinance their mortgage payments in the next 12 months. home value is currently $359,892, up 2.7% at the conclusion of the Federal Open Market Committee (FOMC) meeting.

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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.

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Appraisal Buzz

OCTOBER 18, 2024

Powell at the conclusion of the Federal Open Market Committee (FOMC) meeting. Permits are a leading indicator of future starts, and they increased for the third consecutive month in September, a positive sign for a supply-starved housing market,” added Kushi. home value is $359,892, up 2.7%

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Construction Housing Market Inventory Home Value 418

Housing Wire

MAY 8, 2024

Home prices trended up in almost all U.S. In the current market, rising prices are the direct result of insufficient housing supply not meeting the full demand.” The national median single-family existing-home price sat at $389,400 during the first quarter of 2024, up 5% compared to one year ago. of markets, up from 2.3%

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Appraisal Buzz

AUGUST 8, 2024

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 In a decade, the value of U.S. homes has more than doubled, rising nearly 120% from $22.7 In a decade, the value of U.S. New Brunswick’s total home value surged 13.3%

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Appraisal Buzz

MARCH 4, 2025

The combined value of U.S. homes gained $2.5 In percentage terms, the total value of the U.S. housing market grew 5.2% There are more homes for sale right now than in recent years and that has led to buyers markets in many areas of the country. In 2024, Floridas housing market had several challenges.

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Appraisal Buzz

NOVEMBER 6, 2024

“The findings highlight the varying patterns for older Americans as shifting demographics, the pandemic, and overall buyer attitudes have impacted buying and selling decisions,” said Dr. Edward Seiler, Executive Director for RIHA, and MBA’s Associate VP of Housing Economics. “It home value is currently $359,892, up 2.7%

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Housing Wire

FEBRUARY 27, 2025

While the key statistics about a property will be available to buyers in the real estate listing description, residential buyers tend to shop with their emotions. Your listing description allows you, as the listing agent, to showcase the property’s best features in a way that reaches potential buyers on a deeper level.

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Appraisal Buzz

JANUARY 22, 2025

According to Zillow s most recent market report, rented single-family homes are currently the most notable item on the real estate market, with prices 20% higher than those of a typical multifamily apartment. In the meantime, owned home value growth has leveled out at 2.6% annually, down from 5.2% in December 2019.

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Inventory Home Value Tenants Property Management 370

Housing Wire

NOVEMBER 21, 2024

Script 1: Initial outreach to sellers Hi [Name], I noticed your home on [Street Name] and wanted to check if you’ve considered selling. I’d love to provide a free market analysis to show you what your home is worth! Script 3: Engage with expired listings Hi [Name], I saw your home is no longer on the market.

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Real Estate Real Estate Agent Sellers Clients 370

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6% Pueblo, Colo. ,

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Housing Wire

DECEMBER 6, 2024

Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out.

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Housing Wire

SEPTEMBER 9, 2024

Miami stands as one of the most dynamic and valuable real estate markets in the United States. While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors.

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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.

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Sellers Marketing Market Value Home Value 435

Appraisal Buzz

MARCH 20, 2025

The inventory of unsold existing homes climbed 5.1% Home buyers are slowly entering the market, says Lawrence Yun, chief economist for NAR, in a statement. Each one percentage point gain in home price translates into an approximately $350 billion increase in housing equity for American property owners, Yun adds.

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Home Value Inventory Buyers Realtors 195

Appraisal Buzz

DECEMBER 18, 2024

For the second consecutive year, Zillows ranking of the most popular markets was dominated by Northeastern cities. While only one West Coast market, which led the way in 2021, made it into the top 10, the Midwest also performed well. Buyers are seeking out locations that offer the right mix of affordable living and lifestyle amenities.

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Architecture Home Value New Listings Contracts 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?

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Clients Agents Buyers Sellers 459

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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