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As inflation continues to impact the wallet of Americans, potential home buyers are being impacted as well. Whereas 10% of the price of a home was the standard fare for down payments, a new report from Redfin has found that the typical U.S. homebuyers down payment was 16.3% of the purchase price in December 2024, up from 15% a year earlier. In dollar terms, the typical homebuyers down payment was $63,188up 7.5% from a year earlier, marking the biggest increase in five months.
Chicago-based Maverick Systems is rapidly expanding its real estate data analytics platform nationwide, offering brokerages a new tool in the competitive landscape for experienced agents. The company is currently profiling about 200,000 real estate agents across the U.S. It focuses on eight key Multiple Listing Service (MLS) markets, including four in the nation’s 20 largest markets.
AirDNA, a provider of short-term rental (STR) analytics, has released its 2025 Outlook Report , predicting steady growth and stabilization for the U.S. short-term rental market. After a period of turbulence, occupancy rates are forecasted to return to pre-pandemic levels, reaching 54.9% by the end of 2025. This recovery will be fueled by sustained demand growth and a marked slowdown in new supply.
Three former Zillow executives want to give real estate agents a personal assistant who can handle the administrative headaches that waste time they could use to do what they do best sell houses. Luis Poggi, Spencer Rascoff and Alex Kutner on Tuesday launched HouseWhisper, an AI-powered assistant integrated into an agents calendar and customer relationship management (CRM) system to do things like schedule appointments and provide notes throughout the day.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
U.S. home prices increased 0.5% on an adjusted basis in December compared with November and were up 3.9% compared with December 2023, according to the S&P CoreLogic Case-Shiller Indices. However, when looking at the results on an unadjusted basis, U.S. home prices were down 0.1% compared with the previous month, signaling that home price growth has flattened if not started to decrease on a national scale.
Home prices were up 3.9% annually in December 2024, up from a 3.7% gain in November , according to the latest S&P CoreLogic Case-Shiller Index. National home prices have risen by 8.8% annually since 2020 , led by markets in Florida, North Carolina, Southern California, and Arizona. While our National Index continues to trend above inflation, we are a few years removed from peak home price appreciation of 18.9% observed in 2021 and are seeing below-trend growth over the history of the index,&
Home prices were up 3.9% annually in December 2024, up from a 3.7% gain in November , according to the latest S&P CoreLogic Case-Shiller Index. National home prices have risen by 8.8% annually since 2020 , led by markets in Florida, North Carolina, Southern California, and Arizona. While our National Index continues to trend above inflation, we are a few years removed from peak home price appreciation of 18.9% observed in 2021 and are seeing below-trend growth over the history of the index,&
Manufactured homes have been unfairly stigmatized in the past, but theres no argument that they are a source of high-quality, relatively low-cost housing, especially in rural areas. Unfortunately, most lenders offer mortgage loans only when secured by both the home and the underlying propertydifficult criteria to meet in a category where most consumers lease their homesites.
With a median age of 45.1 years, Maine is the oldest state, putting it in a unique position to provide insights to the rest of the nation about how it manages the needs of its older residents. According to data from the U.S. Census Bureau , about 23% of Maine’s population is at least 65 years old. That also makes Maine the only state where the 65-and-older population outnumbers those 18 and younger, a trend that is projected at the national level by the mid-2030s.
The typical U.S. homebuyers down payment was equal to 16.3% of the purchase price in December, up from 15% a year earlier, according to a report from Redfin. The increase in the average down payment is due mainly to the increase in home prices. The typical U.S. homebuyer now puts down roughly $63,000, which is 7.5% or about $4,000 more than December 2022.
Choosing the right hard money lender for your investment project can be challenging. With nearly three decades of experience in real estate and investing, Ive worked with hard money lenders to secure financing for everything from simple fix-and-flip projects to multi-million-dollar apartment building rehabs. Theres no one-size-fits-all hard money lendereach borrower, project and situation is unique.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Reflections: The CAA Conference The Community of Asset Analysts had its Fourth Annual Conference in Las Vegas February 18-19. It was fun. It was smart. It was spirit. All topics, presenters, and attendees promote a great future for the valuation profession. Topics included some forward-looking movement: The continued use of modern-day software, visualization, and emphasis […] The post CAA 2025 Conference Recap appeared first on George Dell, SRA, MAI, ASA, CRE.
The typical U.S. homebuyer put down 16.3% of the purchase price in December, up from 15% a year earlier, as rising home prices pushed down payments higher, according to a new report from Redfin. In dollar terms, the average down payment in December was $63,188, an increase of 7.5% from the previous year and the largest jump in five months. The increase comes as the median U.S. home sale price rose 6.3% year over year to about $428,000.
Rocket Mortgage and the AMCs actively conceal this fee skimming from borrowers, never disclosing the proportion of the “appraisal fee” that is pocketed by the AMC rather than being paid to the appraiser. The class action lawsuit, Timmins v. Clear Capital, et al., filed on November 1 in the Superior Court of California, County of Stanislaus, sheds light on the deceptive and unfair business practices allegedly perpetrated by ClearCapital.com, Inc., Core Valuation Management, Inc., and
Fannie Mae on Tuesday announced the results of its 2024Servicer Total Achievement and Rewards(STAR) program, recognizing 29 mortgage servicers for “competency, capability, and overall performance.” “Our servicers continue to show their commitment to operational excellence while reducing credit loss a crucial component to the overall safety and soundness of Fannie Mae s business and the residential mortgage market, Cyndi Danko, the company’s single-family chief credit off
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
The traditional price gap between new and existing homes was nearly nonexistent at the end of 2024. The median price for a new single-family home sold in the fourth quarter of 2024 was $419,200, a mere $9,100 above the existing home sales price of $410,100, according to U.S. Census Bureau and National Association of Realtors.
Online property marketplace and real estate technology company Offerpad Solutions Inc. reported a net loss of $17.3 million in the fourth quarter of 2024, which was up 12% from the $15.4 million loss it sustained in the final quarter of 2023. Its full year 2024 net loss totaled $62.2 million, which was a 47% improvement from the prior year’s loss of $117.2 million.
Despite a recent nationwide fall in first-time purchaser rates, Black homebuyers have seen the most recovery. According to a recent Zillow poll, 62% of Black homebuyers made their first purchase in 2024, a percentage that remained constant from the year before. Overall, first-time purchasers accounted for only 44% of the market, compared to 50% in 2023.
Home Depot is expects same-store sales in 2025 to be just 1.0% better than this past year, an indication that the housing market will remain slow. That 1% growth projection is below the 1.65% rate expected by Wall Street analysts, and comes on the back of a fairly disappointing 2024, in which elevated mortgage rates , inflation and high home prices led to fewer home-improvement projects despite record levels of home equity.
Consumers found the digital-first logo which includes a subtler take on the brands famous balloon more appealing than the old design, the company said.
The reverse mortgage industry in 2025 could be defined by two key developments: continuing efforts to establish partnerships with the forward mortgage industry, as well as the development of proprietary reverse mortgage products that could be the future of the industry. This is according to an interview with James Mittleman, senior vice president of retail sales at Finance of America (FOA).
Following years of declines, the square footage of single-family home starts was up at the end of 2024. If mortgage rates ease, that trend could continue.
Mortgage lender EDGE Home Finance is now offering Calque s buy-before-you-sell loan programs, including The Trade-In Mortgage and Contingency Buster. Calques loan programs allow homeowners to leverage their existing home equity, making it easier to purchase a new home before selling their current one. By partnering with Calque, we can provide homebuyers with a cost-effective solution that allows them to utilize their home equity in todays competitive real estate market, says Tom Ahles, chief gro
HouseWhisper is designed to keep agents from being buried with tons of admin tasks, CEO Luis Poggi said. Ex-Zillow CEO Spencer Rascoff is a co-founder.
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According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts declined during the fourth quarter of 2024. For the quarter, 91,000 multifamily residences started construction. Of this total, 86,000 were built-for-rent. This was almost 12% lower than the fourth quarter of 2023. The market share of rental units of multifamily.
Compliance expert Summer Goralik talks with Professor Tanya Monestier about zero-fee touring agreements and whether they constitute an attempted workaround of NAR's commission lawsuit settlement.
Discover how an appraisal contingency protects your investment by letting you cancel or renegotiate a deal if a home appraises below the agreed sales price. This guide explains how appraisal, mortgage, and financing contingencies work together to safeguard your bottom line and ensure your loan amount reflects true market value. Learn practical tips for navigating bidding wars, handling appraisal gaps, and making informed decisions throughout your real estate transaction.
U.S. home prices continued their climb in December, extending a long-running growth streak and reaching all-time highs, according to data released Tuesday by S&P Dow Jones and the Federal Housing Finance Agency (FHFA). The FHFA Housing Price Index (HPI) and the S&P CoreLogic Case-Shiller Indices reported annual growth of 4.5 percent and 3.9 percent, respectively, marking yet another quarter of steady appreciation since 2012, according to the FHFA.
January 2025 New Hampshire Housing Report NEW HAMPSHIRE Home Sales Down, Average Price Up Home sales are down 1.3% year over year, with January 2025 at 955 compared to 968 last January. Sales are down for Single-family homes and condos, but up for multi-family homes. Single families: 666 (2024) | 656 (2025) Condominiums: 233 (2024) | 228 (2025) Multi-families: 69 (2024) | 71 (2025) Average sale price increased by 10.6% when compared to last January, now at $575,855.
The two companies will also expand listing availability in number of luxury markets, such as La Jolla, Miami, Vail, London and Napa, among other domestic and international destinations.
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