Appraisal Buzz

DECEMBER 9, 2024

To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. These methods provide a solid foundation for demonstrating how changing market conditions affect property values over time. Below is a detailed explanation of each technique to ensure the adjustments are well-supported and align with market trends.

Appraisal 358

Appraisal Marketing Valuation Tools 358

Housing Wire

DECEMBER 7, 2024

Last week, we witnessed a Santa Claus rally in mortgage rates alongside improved housing demand. The economy continues to create jobs, with wages growing at an annual rate of 4%. We also see growth in our pending contract data compared to 2022 and 2023. Additionally, the purchase application data delivered another pleasant surprise with positive results.

New Listings 505

New Listings Inventory Contracts Housing Market 505

Real Estate News

DECEMBER 12, 2024

The National Association of Realtors and Department of Justice reached a deal in 2020, and since then have fiercely debated whether the case can be reopened.

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Realtors 275

Sacramento Appraisal Blog

DECEMBER 10, 2024

Real estate prices are going to tank. We’ve been hearing that since 2020, and here we are without much change in most markets. Let’s talk about prices today, and I want to share some new visuals to talk about distressed sales. Scroll quickly by topic or digest slowly. UPCOMING SPEAKING GIGS: 12/18/24 Coldwell Banker Sierra […] The post The home price crash that hasnt come first appeared on Sacramento Appraisal Blog.

Real Estate 290

Real Estate Appraisal Marketing Housing Market 290

Appraisal Buzz

DECEMBER 11, 2024

According to Redfin , the median U.S. asking rent fell 0.7% year-over-year in November to $1,595, the lowest level since March 2022. Rents were down 1.1% on a month-over-month basis. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in August 2022. Highlighting improved rental affordability, November marked the 19th consecutive month where the median asking rent price per square foot (PPSF) fell year-over-year, down 2.2% to $1.79.

Construction 372

Construction Appraisal Marketing 372

Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Two and a half years. As we look into 2025, the question everyone is asking is: Do we have a new era starting? Does the housing market start to get back to normal? What can the data today tell us about signals for growth or weakness after the new year?

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Inman

DECEMBER 10, 2024

Ahead of a debate on the CCP at Inman Connect New York, the CEO of NextHome says whether sellers agree to hold their listing off of the MLS depends on the agent's influence.

Sellers 178

Sellers Agents Realtors Brokerage 178

Appraisal Buzz

DECEMBER 10, 2024

Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. This years list highlights markets characterized by moderately affordable homes, strong inventorymainly boosted by new constructionand a sizable base of younger families, many with military and international connections. According to Realtor.com, the top 10 markets for 2025 are concentrated in the South and West: 1) Colorado Springs, Colorado 2) Miami-Fort Lauderdale-Pompano Bea

Housing Market 415

Housing Market Marketing Inventory Government 415

Housing Wire

DECEMBER 12, 2024

Leading real estate brokerage William Raveis is making another game-changing acquisition before the new year. This week, the firm announced the acquisition of Nantucket, Massachussetts -based brokerage Jordan Real Estate (JRE). The financial terms of the deal were not disclosed. William Raveis a top-ranked brokerage serving the Northeast, Florida and South Carolina has made several expansion moves in 2024.

Real Estate 367

Real Estate Brokerage Agents Realty 367

Real Estate News

DECEMBER 13, 2024

Panelists at NARs economic summit expect a better year overall, but pointed to various wildcards that could tug the market in different directions.

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Marketing 198

Inman

DECEMBER 11, 2024

In its response to an NAR appeal, the DOJ acknowledged that, although it had closed an investigation into two NAR policies in 2020, it didn't agree not to reopen it.

Realtors 176

Realtors Brokerage Agents 176

Appraisal Buzz

DECEMBER 10, 2024

This article originally appeared in the December 2024 edition of MortgagePoint magazine, online now. Few, if any, industries in the world have experienced such dynamic shifts in recent years as the mortgage industry. Within that rapid evolution, the landscape of credit and verifications has also experienced a fundamental shift. Mortgage lenders are no longer restricted to traditional and often time-consuming processes that have historically bogged down the loan journey.

Technology 399

Technology Loan Officers Mortgage Training 399

Housing Wire

DECEMBER 7, 2024

Rapid changes in mortgage rates have left many would-be homebuyers asking: Is now a good time to buy? Will prices go up or down? Will mortgage rates and affordability improve or get worse? There is no perfect time to buy, of course. But there are specific factors homebuyers should weigh as they determine their timing. Patricia Maguire-Feltch, managing director of consumer origination sales at Chase Home Lending, says that realistic evaluation is key when making the big step to buy.

Buyers 447

Buyers Mortgage Housing Market Marketing 447

Real Estate News

DECEMBER 13, 2024

Longtime Texas Realtors Executive VP Mike Barnett will take over as CEO on April 1; Andrew Shock named VP of operations at Fathom; RESO announces 2025 board.

Realtors 172

Realtors 172

Inman

DECEMBER 9, 2024

While only 23 percent of Americans surveyed by mortgage giant Fannie Mae in November thought it was a good time to buy a home, that's up from 14 percent a year ago, when mortgage rates were near post-pandemic peaks.

Mortgage 172

Mortgage Agents Marketing 172

Appraisal Buzz

DECEMBER 9, 2024

The latest Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.4 points in November to 75.0, continuing its sharp upward trend over the past year, as consumers appear to be acclimating to higher mortgage rates in todays home price environment. In November, a new record-high share of consumers indicated that they expect mortgage rates to decline over the next 12 months, while fewer respondents said they expect home prices to rise.

Housing Market 355

Housing Market Mortgage Construction Marketing 355

Housing Wire

DECEMBER 10, 2024

Foreclosure activity slowed slightly in November 2024, reversing a trend of rising foreclosures in October. But this decline may merely be a seasonal phenomenon, according to real estate data provider Attom. On Tuesday, Attom released its November 2024 U.S. Foreclosure Market Report. The report includes the total number of properties nationwide that have at least one foreclosure filing.

Marketing 368

Marketing Real Estate Mortgage 368

Real Estate News

DECEMBER 13, 2024

Data and marketing pro David Childers shares content tips, 2025 predictions and the best way to answer real estate questions at holiday gatherings.

Agents 161

Agents Real Estate Marketing 161

Inman

DECEMBER 13, 2024

According to Cara Ameer, the National Association of Realtors owes its members an apology along with the option to opt out of membership.

Realtors 161

Realtors Finance Agents 161

Appraisal Buzz

DECEMBER 9, 2024

Consumer confidence in the housing market improved significantly in November, rising to a score of 75.0 on the Fannie Mae Home Purchase Sentiment Index. In the monthly survey, the share of consumers say it is a good time to buy a home increased, relative to the previous months survey while the share say it is a bad time to buy a home decreased. In addition, a higher percentage of consumers say they expect home prices will decrease in the next 12 months.

Housing Market 369

Housing Market Marketing Mortgage Appraisal 369

Housing Wire

DECEMBER 11, 2024

Tracking live weekly housing data would have been nearly impossible just a few years ago, but now we can gather and analyze real-time housing demand data. This valuable information can significantly enhance our understanding of housing economics and what is coming next. The question is: How can we harness the data to give you more confidence when talking about the housing market?

Contracts 431

Contracts Housing Market Inventory Mortgage 431

Real Estate News

DECEMBER 13, 2024

After her New York Times story sparked controversy, Debra Kamin told Real Estate News that agents and the public deserve to know how NAR spends its money.

Realtors 161

Realtors Real Estate Agents 161

Eyes on Housing

DECEMBER 11, 2024

Inflation picked up to 2.7% in November, while matching expectations, the last mile to the Feds 2% target proves to be the most challenging. Shelter costs continued to be the main driver of inflation, contributing nearly 40% of the monthly increase. However, the year-over-year change in the shelter index remained below 5% for a third.

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Appraisal Buzz

DECEMBER 11, 2024

Paying a million dollars for a home might seem like a dream for most Americans. Yet every year, more people are spending seven figures on a new house, with San Jose and San Francisco the meccas of high-cost living in the US. In their new report analyzing U.S. Census Bureau data, LendingTree discovered that the share of million-dollar homes is increasing, and that some parts of the nation are becoming magnets for these high-priced houses.

Law 386

Law Home Value Construction Development 386

Housing Wire

DECEMBER 11, 2024

Mortgage applications increased 5.4% on a seasonally adjusted basis during the week ending Dec. 6, stemming from a 27% jump in refinance activity, according to a report released Wednesday by the Mortgage Bankers Association (MBA). This is the latest weekly increase in mortgage applications, following a trend of steady demand increases over the past several weeks.

Mortgage 385

Mortgage Contracts Government Inventory 385

Inman

DECEMBER 10, 2024

Beginning in 2025, local agents will have the option to join a new Realty One subsidiary and become members of MLS Choice, a new low-cost membership type provided by Phoenix Realtors, without having to be Realtor association members.

Realty 173

Realty Agents Realtors Brokerage 173

George Dell

DECEMBER 11, 2024

Time-series adjustments and market conditions are required by Fannie Mae and Freddie Mac. A recent FHFA research paper revealed that as few as 10% of appraisals had been even attempting a time adjustment, although in some markets, where the value was not high enough, the time adjustment came in handy to get closer to the […] The post Time-series or Garbage?

Appraisal 195

Appraisal Marketing 195

Appraisal Buzz

DECEMBER 11, 2024

According to a recent study published by Bright MLS , a large number of homeowners who intend to sell next year purchased their house less than five years ago. Additionally, the study indicates that since baby boomers intend to remain in their current homes, 2025 sellers will probably be younger. Approximately one in five (17.5%) of the 1,581 homeowners polled countrywide between November 19 and 20 indicate they intend to sell their house over the next 12 months.

Sellers 370

Sellers Buyers Mortgage Housing Market 370

Housing Wire

DECEMBER 8, 2024

U.S. mortgage holders experienced a home equity increase in the third quarter of 2024 up 2.5% year over year to a total of $17.5 trillion nationwide. But that was down from 8% growth in the second quarter, and negative equity also ramped up for the first time in two years, according to a CoreLogic report. CoreLogic’s Q3 2024 Homeowner Equity Insights report showed that the total number of mortgaged homes with negative equity rose by 3.5% from the second quarter.

Insurance 378

Insurance Mortgage Buyers 378

Inman

DECEMBER 9, 2024

Multifamily operators must know that trends are fickle and vogue fades, multifamily expert Michael Zaransky writes. Build a community around your amenities, not vice versa.

Development 166

Development Investing Real Estate Agents 166

Eyes on Housing

DECEMBER 9, 2024

Mortgage rates climbed in November, driven by market volatility and a surge in Treasury yields following the recent elections. On the day after the election results, the 10-year Treasury yield spiked by 14 basis points (bps), setting the stage for further rate increases throughout the month. According to Freddie Mac, the average rate for a.

Mortgage 143

Mortgage Marketing Finance 143

Appraisal Buzz

DECEMBER 9, 2024

The U.S. rental market continued to evolve in October 2024, revealing notable shifts in renter preferences and competitive trends across major cities. According to a RentCafe Rental Activity Report , Washington, D.C., secured its position as the most desirable city for renters, followed by Minneapolis and Cleveland, reflecting unique dynamics in each metro area.

Marketing 397

Marketing Property Management Appraisal 397

Housing Wire

DECEMBER 9, 2024

A survey of 1,000 Americans ages 65 and older found that nearly 90% want to age in place in their own homes. The survey also listed the best and worst cities for aging in place based on cost of living, availability of care and life expectancy. The survey , conducted by This Old House , asked respondents about their plans, priorities, and perspectives on aging in place.

Renovations 368

Renovations Marketing 368

Inman

DECEMBER 11, 2024

The price of mobile homes has surged by approximately 58 percent between 2018 and 2023, outpacing the 37.66 percent growth in traditional single-family home prices.

Lending 158

Lending Marketing 158