Sacramento Appraisal Blog
FEBRUARY 18, 2025
Flat. That’s been a good way to describe prices, and today I want to show you why I’m saying that. And it’s not just me because the overwhelming feedback from real estate agents and homeowners is that prices have really leveled off. What words are you using to describe the market right now? Let’s talk […] The post Why Im calling the housing market flat first appeared on Sacramento Appraisal Blog.
Housing Wire
FEBRUARY 24, 2025
Home prices in 2025 are a couple percentage points above where they were last year at this time. People often ask, How can it be possible that home prices are still climbing even though the cost of money is so much higher? There are obviously fewer buyers who can afford these prices. One reason that home prices have stayed elevated is that inventory nationally is still restricted.
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Appraisal Buzz
FEBRUARY 26, 2025
New home sales plummeted 10.5% in January compared with December to reach a seasonally adjusted annual rate of 657,000, according to the U.S. Census Bureau. Year-over-year, new home sales were down 1.1%. The median sales price of a new home sold in January was $446,300. The average sales price was $510,000. As of the end of the month, there were about 495,000 new homes available for sale in the U.S, about a nine month supply at the current sales rate.
Miller Samuel
FEBRUARY 15, 2025
A Hamptons media outlet I pay attention to is 27east of the Southampton Press and they have have invited me over the past several quarters to speak with their editors for their podcast. They ask smart questions and I try to keep up with them. In reality, while the focus is on the Hamptons and the results of our report , our discussion is highly relevant to many aspects of the U.S. housing market.
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Inman
FEBRUARY 4, 2025
Climate change has shaken up the U.S. real estate market, with buyers no longer simply seeking better quality of life or affordable housing but also considering climate risks before purchases.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Sacramento Appraisal Blog
FEBRUARY 27, 2025
Comps aren’t easy today. The problem is there aren’t that many sales, so it’s not so simple to figure out value. Lately, I’ve been getting a ton of questions about this, so I wanted to share some things I’m doing on my end. Skim by topic or digest slowly. I’d love to hear your take […] The post The struggle of pulling comps in 2025 first appeared on Sacramento Appraisal Blog.
Housing Wire
FEBRUARY 17, 2025
Florida Gov. Ron DeSantis said that he wants to eliminate property taxes in the state. In a post on X, the governor said that taxing land/property “is the more oppressive and ineffective” form of taxation. “Property taxes are local, not state. So wed need to do a constitutional amendment (requires 60% of voters to approve) to eliminate them (which I would support) or even to reform/lower them We should put the boldest amendment on the ballot that has a chance of getting that 60
Appraisal Buzz
FEBRUARY 17, 2025
According to the Mortgage Bankers Association (MBA), approximately 20% ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024. The MBA reports these findings in its 2024 Commercial Real Estate Survey of Loan Maturity Volumes. While the Federal Reserve cut its short-term interest rate target by 100 basis points in 2024, longer-term interest rates increased over the same time by
Housing Wire
FEBRUARY 5, 2025
Today, the Census Bureau reported the homeownership rate at 65.7%. Are we becoming a renter nation like many people are saying? Lets look at the data. Household formation Let’s first talk about household formation. I have a simple model (even more appropriate before Valentines Day). My American housing demographic model shows that Americans: Rent Date Mate Get married 3.5 years after marriage, we have kids and dual-income households buy bigger homes to live in.
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Housing Wire
FEBRUARY 8, 2025
Another jobs week has come to an end, and amid the chaotic headlines about job numbers, tariffs , and the leadership of the Treasury , mortgage rates remained calm. Better mortgage spreads are limiting how high rates can rise in 2025. This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates.
Housing Wire
FEBRUARY 27, 2025
Homebuyers faced worsening affordability conditions in January as the median monthly mortgage payment for purchase applicants increased to $2,205, a 3.7% jump from Decembers $2,127, according to the Mortgage Bankers Association (MBA). The findings, drawn from MBAs Purchase Applications Payment Index (PAPI), reflect the growing strain on borrowers amid persistent high home prices and fluctuating mortgage rates.
Housing Wire
FEBRUARY 1, 2025
Higher mortgage rates are forcing many first-time homebuyers to adopt a “wait-and-see” approach to the market. According to HomeLight ‘s Top Agent Insights report released this week, real estate agents are feeling this and are being forced to switch up tactics to attract buyers. HomeLight is an Arizona -based real estate platform designed to connect agents with clients.
Housing Wire
FEBRUARY 21, 2025
Mortgage rates decreased again today on weak economic data, following last Friday’s similar drop in the 10-year yield. Furthermore, the mortgage spreads in today’s pricing are favorable. According to the latest quote from Mortgage News Daily , mortgage rates are now around 6.89%. This represents a decline of 0.37% from the most recent high of 7.26%, which was recorded on Jan. 13.
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Housing Wire
FEBRUARY 14, 2025
This Valentines weekend brought an unexpected gift to the housing market as a weaker-than-expected retail sales report sent the 10-year yield tumbling, bringing mortgage rates down to under 7%. Although its a welcome decline, were still seeing rates considerably higher than the near-6% levels we enjoyed for a fleeting moment last year. Its been a rollercoaster week for the bond market, particularly after a relative calm in mortgage pricing.
Housing Wire
FEBRUARY 27, 2025
Florida was one of the hottest destinations during the pandemic, but the states housing market might be coming down to earth. According to a report from Redfin, for-sale inventory at the end of January in Florida was up 22.7% year over year. At 172,209 homes, its the highest reading of any month dating to when Redfin started keeping records in 2012.
Housing Wire
FEBRUARY 27, 2025
Real estate listing descriptions can be tricky to write, especially for agents who dont have a background in creative writing. They need to be detailed, informative, capture the essence of the property and grab a readers attention all at once and with limited words not easy! So, how do you make the most of your allotted character count and ensure your listing stands out from the crowd?
Housing Wire
FEBRUARY 7, 2025
The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. For those seeking lower mortgage rates, it’s more essential to see the labor market breaking than to just see improvements in inflation.
Housing Wire
FEBRUARY 10, 2025
In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. During the conversation, the group discuss real estate market challenges, the value of being a part of an association, and growth areas for associations in 2025.
Housing Wire
FEBRUARY 5, 2025
Foreclosure activity has declined significantly since the housing crisis of the late 2000s, and distressed home marketplace Auction.com reported this week that it expects the number of foreclosure-auction sales in 2025 to drop to the second-lowest total on record. California-based Auction.com published its 2025 Distressed Market Outlook report on Tuesday, which included three scenarios for this years expected tally of auction sales.
Housing Wire
FEBRUARY 28, 2025
Forecasts for the housing market in 2025 are not that rosy, but Ryan McKeveny and Brian Hale see this as a good thing for the years ahead. Big picture 2025, our view is that it will be slightly better than 2024 in terms of originations and sales , but unfortunately it probably wont feel much better, McKeveny, the managing director of mortgage and real estate at Zelman & Associates , told attendees of HousingWires Housing Economic Summit on Wednesday.
Housing Wire
FEBRUARY 3, 2025
Officials with the Housing Authority of the City of Milwaukee (HACM) are reportedly moving to aggressively cut costs, following a leadership change and audit of its financial situation. The agencys new chief financial officer reportedly identified as much as $2.8 million in misappropriated federal funds that he said were used inappropriately by his predecessors.
Housing Wire
FEBRUARY 26, 2025
The new search paradigm for real estate The introduction of artificial intelligence overviews is changing how users consume information online. Traditional top-of-funnel searches like “how-to” topics and basic informational queries now stem from AI-generated overviews on search result pages. And, AI overviews don’t just aggregate information randomly.
Housing Wire
FEBRUARY 5, 2025
Mortgage applications increased 2.2% on a seasonally adjusted basis from last week, according to data from the Mortgage Bankers Association s (MBA) weekly mortgage applications survey for the week ending January 31, 2025. On an unadjusted basis, the index measuring applications increased 19% compared with the previous week. The refinance index increased 12% from the previous week and was 17% higher compared to the same week one year ago.
Housing Wire
FEBRUARY 12, 2025
Redfin has announced yet another round of layoffs. According to a document filed with the Securities and Exchange Commission Tuesday evening, Redfin will be cutting 450 employees from its rental division. This announcement came just hours after Zillow announced a syndication deal with Redfin for its rental listings on its Q4 2024 earnings call with investors.
Housing Wire
FEBRUARY 23, 2025
Could the loss of jobs in the government sector and the withdrawal of funding from the economy significantly increase the unemployment rate and a surge in jobless claims? If this happens, will we see lower mortgage rates this spring? Its an intriguing thought, especially considering how this aligns with White House officials’ strategy to boost labor supply, reduce aggregate demand, and potentially drive down the 10-year yield.
Housing Wire
FEBRUARY 4, 2025
Homeowners in California with an insurance policy from State Farm could see a 22% rate hike. The insurer sent a letter to the California Department of Insurance on Monday that described its dire financial situation due to the wildfires in Los Angeles County and a request for an emergency insurance rate hike. In addition to the 22% rate hike for owners of single-family homes, State Farm is also requesting an emergency rate hike of 15% for condominium owners and a 38% rate hike for rental homes.
Housing Wire
FEBRUARY 6, 2025
New data released Thursday by the Mortgage Bankers Association (MBA) revealed that the delinquency rate for mortgages on one- to four-unit residential properties increased to a seasonally adjusted rate of 3.98% of all loans outstanding at the end of 2024. The national delinquency rate was up 6 basis points (bps) from Q3 2024 and up 10 bps from one year ago.
Housing Wire
FEBRUARY 6, 2025
Nearly 90% of U.S. metropolitan areas analyzed experienced annualized home-price gains in the fourth quarter of 2024, according to data published Thursday by the National Association of Realtors (NAR). NAR found that 201 of 226 metro areas (89%) saw sale prices for single-family homes rise on a yearly basis in Q4 2024, up from 87% in the prior quarter.
Housing Wire
FEBRUARY 11, 2025
Our economy faces many challenges persistent high mortgage interest rates , a declining rate of existing home sales, elevated costs for basic goods and services, labor market imbalances, and rising health care costs to name just a few. As a new Administration takes over, dozens of policy prescriptions are being discussed that aim to unshackle the greatest economy in the world.
Housing Wire
FEBRUARY 17, 2025
A majority of agents believe 2025 is going to be a great year for the housing market. Around 85% have an optimistic outlook , and 70% believe the market will be more stable, according to a new survey from Clever Real Estate. Although agents are split on whether its going to be a buyers or a sellers market, 87% predict that demand will remain very strong over the next year.
Housing Wire
FEBRUARY 17, 2025
A month after launching its new Private Exclusive Listings (PX) feature, agent-driven offer, negotiation and collaboration platform Final Offer has acquired Private Collection , a source of listing information for off-market properties. Financial terms of the deal were not disclosed. Final Offer said the addition of Private Collection adds more than $1 billion in off-market inventory to its platform. “The acquisition of Private Collection accelerates Final Offers market share of enterprise
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