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.
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.
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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.
George Dell
FEBRUARY 24, 2025
We have reviewed the four time adjustment strategies, as noted in the FHFA Working Paper 24-07. Editor’s Note: Read the entire series (so far) here. We now shift over to the response of Fannie Mae, and requirements per their Selling Guide effective February and March of 2025. Briefly, the words are simple. Acceptable methods include: […] The post Unacceptable Time?
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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.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
FEBRUARY 24, 2025
Tax season is officially underway. Amy Chorew and Maeda Palius share strategies to help you prepare and organize documents so that you can make the process as stress-free as possible.
George Dell
FEBRUARY 25, 2025
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.
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.
Appraisal Buzz
FEBRUARY 24, 2025
To afford the $1,599 median-priced apartment, the ordinary minimum-wage earner in the U.S. would need to put in 106 hours each week, according to a recent Redfin report. Thats astoundingly higher than the average 40-hour work week. And according to Daryl Fairweather, Chief Economist at Redfin. Its virtually impossible for a minimum-wage worker to afford the typical apartment on their own.
Speaker: Dylan Secrest
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Appraiserblogs
FEBRUARY 25, 2025
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
Eyes on Housing
FEBRUARY 24, 2025
NAHBs analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates gains for custom home builders after a period slight softening of market share. The custom building market is less sensitive to the interest rate cycle than other forms of home building. There were 47,000 total custom building starts during the.
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?
Appraisal Buzz
FEBRUARY 24, 2025
After hitting a two-year high in September 2024, mortgage refinance activity is once again slowing as interest rates remain elevated. While refinancing demand surged briefly when rates dipped, it quickly contracted again following another rate spike in October 2024. Refinance activity is historically tied to interest rate movements. When mortgage rates hit record lows in 2021, refinancing volume soared, exceeding $2.2 trillion in the first 10 months of the year.
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Inman
FEBRUARY 27, 2025
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year.
Eyes on Housing
FEBRUARY 25, 2025
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.
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.
Appraisal Buzz
FEBRUARY 24, 2025
For Americans, owning a home has long been a significant accomplishment and, for some, the pinnacle of success. Actually, a lot of Gen Zers today have or are delaying marriage and having kids in order to purchase a home, according to a new LendingTree study. However, its not always that easy. Homeownership remains a long, winding, and financially stressful path for some buyers seeking the American Dream.
Inman
FEBRUARY 27, 2025
Since 2020, U.S. home values have risen by 45.3 percent. In other words, more than 10 years of typical home value growth has been packed into a five-year period, a new report from Zillow shows.
Real Estate News
FEBRUARY 24, 2025
This outdated "professional courtesy," once expected of buyer agents, has passed its expiration date especially as liability risks have increased.
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.
Appraisal Buzz
FEBRUARY 26, 2025
According to study data published by RentRedi , most American real estate investors intend to increase their portfolios and make large investments in renovating their existing properties in 2025, exhibiting a strong growth mindset. The poll, which was performed from November 722, 2024, found that 59% of U.S. RentRedi landlords intend to purchase real estate in 2025.
Inman
FEBRUARY 28, 2025
In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29 percent, to $101.2 billion, and higher profit margins on those loans helped boost net revenue by 34 percent, to $5.1 billion.
Real Estate News
FEBRUARY 26, 2025
Prices are still going up, but 2024 ended with just 4.5% annual growth. Regionally, the Northeast is still going strong, while the Sunbelt has cooled.
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.
Appraisal Buzz
FEBRUARY 24, 2025
In this monograph, we discuss the absolute necessity of developing more than one skill set as part of becoming a competent and professional real estate appraiser. Real estate appraising is a complex practice that requires a diverse range of skills and knowledge, from understanding current market conditions to understanding and interpreting complex legal and financial documents.
Inman
FEBRUARY 24, 2025
Gitcha is an online marketplace that helps buyers and renters make public notices for desired properties that has launched in California to assist Los Angeles wildfire victims.
Real Estate News
FEBRUARY 27, 2025
Rates fell to the lowest level in two months good news for affordability but pending sales also dipped, and declining confidence may keep buyers sidelined.
Housing Wire
FEBRUARY 28, 2025
Home sale cancellations in the U.S. surged to their highest level for this time of year, with 14.3% of pending deals falling through in January, according to a new analysis by Redfin. The figure, which represents over 41,000 failed home-purchase agreements, marks an increase from 13.4% a year earlier and is the highest rate recorded for January since at least 2017.
Appraisal Buzz
FEBRUARY 25, 2025
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.
Inman
FEBRUARY 28, 2025
The waterfront mansion, located at 1007 Links Drive in Miami, is the first of six luxury spec mansions that he and his brother, Alain Madar, are bringing to the market.
Real Estate News
FEBRUARY 26, 2025
A new rentals partnership is a win-win that seems to have moved the real estate rivals closer together and could potentially influence a bigger deal.
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