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New listings surge as the spring buying season approaches

Housing Wire

Such homes went under contract typically after 17 days on the market. The typical home in the U.S. was worth $349,216 in February, according to the Zillow Home Value Index. Despite an influx of new listings, the market remains competitive for attractive, well-priced properties. That’s up 4.2%

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Hot home-equity market fueling securitization deals

Housing Wire

“All investors in the transaction were first-time participants in securitizations backed entirely by home-equity agreements [HEAs].”. Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan.

Marketing 397
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Opinion: NAR has finally met its match

Housing Wire

Real estate forms : It is said that a contract is only as good as the paper it’s written on, and real estate purchase contracts are written on template legal documents that have been reviewed and approved by state-level real estate departments.

Realtors 448
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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Month-over-month, contract signings increased in three U.S. Pending home sales decreased in all four regions compared to one year ago.

Contracts 321
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Sellers Listing Their Homes … But Buyers Aren’t Biting 

Appraisal Buzz

May 2024 Market Report Highlights Home values climbed month over month in all 50 of the nation’s largest metro areas in May. Home values are up from year-ago levels in 46 of the 50 largest metro areas. Home values are down from year-ago levels in three major metro areas. Newly pending sales decreased by 4.2%

Sellers 397
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Vacation home demand soared in 2020

Housing Wire

Home sales in the Hamptons shot up 51% in the third quarter; contracts for homes in Palm Beach rose 62%; and skiing destinations like Aspen, Colorado saw an uptick in children’s school enrollments. ” The post Vacation home demand soared in 2020 appeared first on HousingWire. .

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Homes in high-risk wildfire areas are more affordable

Housing Wire

million homes are located in areas at high risk of wildfire across the states of Washington, Oregon and California, with a total estimated home value of $3.3 In low-risk areas, 35% of homes sold above list price, compared to 27% in high-risk areas. More than 4.5 trillion, a new Redfin report said.