article thumbnail

Spring Housing Inventory Jumps, But Buyers Remain Hesitant Amid Economic Turmoil 

Appraisal Buzz

decline in pending house sales, or homes under contract, as buyers were burdened by high mortgage rates and financial uncertainties. For the seventeenth consecutive month, the number of available homes increased by 28.5% more unsold properties overall, including those under contract. Summary Major metro regions saw a 5.2%

Inventory 335
article thumbnail

Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

million sales transactions, comparing homes that sold on the MLS with privately listed sales. The company defined privately listed sales as those that were marketed privately and were evidently only submitted to the MLS once a purchase contract was in place. If a home was listed at this point in time, it was excluded from the study.

Sellers 501
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Zillow Reveals 2024’s ‘Most Desirable’ Cities 

Appraisal Buzz

cities, such as page-view traffic, home value increase, and the speed at which properties sell, in order to identify the most popular markets in 2024. Markets Manchester, NH Named Most Popular Market Overall: Home shoppers are becoming more interested in Manchester, the states largest city. to $415,000 in the last year.

article thumbnail

HUD rescinds appraisal review policies

Housing Wire

A December 2022 study by the Brookings Institution found that homes in majority-Black neighborhoods are nearly twice as likely to be appraised below the contract price compared to homes in predominantly white areas.

Appraisal 211
article thumbnail

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%

article thumbnail

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
article thumbnail

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