Housing Wire

APRIL 18, 2023

Home equity and retirement savings accounts represent over 60% of a household’s net worth, according to the U.S. Census Bureau , and the last decade has resulted in a significant uptick in low-income homeowners’ home values. The highest median home value was among Asian Americans at $521,620.

Home Value 435

Home Value Bracketing Realtors Finance 435

Housing Wire

JANUARY 25, 2021

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by 3.7%

Home Value 545

Home Value Mortgage Buyers Marketing 545

Real Estate News

NOVEMBER 20, 2024

The reversal follows 14 years of larger gains for homes in high-risk areas, suggesting that buyers may be less willing to move to disaster-prone regions.

Home Value 290

Home Value Buyers 290

Housing Wire

NOVEMBER 24, 2020

For high-cost areas, where 115% of the local median home value exceeds the baseline CLL, the maximum loan limit will be higher than the baseline loan limit. Median home values generally increased in high-cost areas in 2020, driving up the maximum loan limits in many areas.

Home Value 546

Home Value Finance Mortgage 546

Appraisal Buzz

NOVEMBER 26, 2024

Mandated by HERA The Housing and Economic Recovery Act (HERA) requires that the FHFA adjust the GSEs’ baseline CLL value annually to reflect the change in the average U.S. home price. home value over the last four quarters. Due to rising home values, the CLL values will be higher in all but six U.S.

Home Value 418

Home Value Finance Housing Market Mortgage 418

Housing Wire

SEPTEMBER 27, 2023

Take the Zillow Home Value Index. It measures the typical home value for single-family residences, condominiums and co-ops in the 35th to 65th percentile within their region. For the nation as a whole, home values have hardly changed since August 2022 by Zillow’s estimation in its Home Value Index.

Home Value 448

Home Value Inventory Valuation Housing Market 448

Housing Wire

DECEMBER 17, 2020

Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full three weeks faster than a year ago. million homes sold – 21.8% 2020 has been a remarkably strong year for the housing market.

Housing Market 546

Housing Market Marketing Home Value 546

Appraisal Buzz

JULY 16, 2024

And while the FRM has dipped slightly heading into June, Zillow reports the average United States home value currently at $363,438, up 3.8% A median-income household can afford mortgage payments when buying a typical home in just 11 of 50 major U.S. Home values held steady in New Orleans and Denver.

Home Value 397

Home Value Inventory Buyers Sellers 397

Housing Wire

FEBRUARY 23, 2024

While home values are relatively lower in these communities and more Black families can afford the typical mortgage payment, access to homeownership remains a challenge. And the typical home owned by a white family is still worth far more than the typical home owned by a Black family, the report pointed out. About 13.3%

Mortgage 475

Mortgage Home Value Lending Real Estate 475

Housing Wire

NOVEMBER 7, 2023

single-family home was $3,901, up 3% compared to 2021, ATTOM reported. ATTOM’s figures are estimates based on an analysis of local tax data, home values and the use of an automated valuation model. High tax burdens can play a major factor in whether buyers get priced out of a potential home purchase,” Barber said.

Property Taxes 541

Property Taxes Home Value Government Valuation 541

Appraisal Buzz

AUGUST 8, 2024

While San Francisco’s aggregate home value is approximately $700 billion, when combined with neighboring Oakland and San Jose, the Bay Area’s total market value nears $2.5 New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year.

Valuation 417

Valuation Housing Market Marketing Home Value 417

Housing Wire

NOVEMBER 30, 2021

Median home values exploded across dozens of housing markets across the country in 2021. It mandated that the baseline could only rise after home prices returned to pre-recession levels. In 2021, the FHFA set the baseline conforming loan limit at $548,250 , a 7.5% increase from the prior year.

Government 536

Government Mortgage Home Value Finance 536

Housing Wire

APRIL 4, 2024

amid a combination of declining home values and rising tax bills,” according to an Attom news release. Nationally, the average home value dipped 1.7% The yearly growth rate for property taxes in 2023 was 6.9% but was nearly half that in 2022, standing at 3.6%.

Property Taxes 482

Property Taxes Home Value Valuation Real Estate 482

Housing Wire

MARCH 13, 2024

homes, valued at $19.7 “It’s important for people to fully understand the climate risks that a home faces not only in the present, but in the future, so they can make the most informed decision for one of the biggest purchases and investments they will make in their life.” homes, worth $13.6 ” U.S.

Tools 468

Tools Insurance Home Value Technology 468

Housing Wire

OCTOBER 24, 2023

Features of the new RealScout Pro+ include Auto Nurture, Home Value Alerts and market activity alerts. The two seller or future seller nurture features in the RealScout Pro+ launch include Home Value Alerts and market activity.

Sellers 431

Sellers Home Value Client Relationships Agents 431

Appraisal Buzz

OCTOBER 8, 2024

New Orleans Total housing units: 466,902 Vacant housing units: 67,704 Vacancy rate: 14.50% Most common reason for vacancy: Housing unit is for rent Share of vacant housing units empty for most common vacancy reason: 23.49% Median home value: $263,500 Median gross rent: $1,159 2.

Home Value 418

Home Value Housing Market Marketing Investors 418

Appraisal Buzz

JUNE 10, 2024

In 2020, the same expenses totaled $14,428 per year for a typical single-family home—which equates to $1,202 monthly. Home values have risen by 40% since the beginning of the pandemic. The National Association of Realtors reported that the median price of an existing home in March 2020 was $280,700. According to the U.S.

Property Taxes 409

Property Taxes Insurance Home Value Construction 409

Housing Wire

NOVEMBER 7, 2024

In California, where more than 7,000 wildfires occurred last year, the typical homeowner in many ZIP codes paid premiums as low as 0.05% of home value, according to the Times. By contrast, in parts of Alabama, Oklahoma, Louisiana and Texas, the average homeowner paid premiums of more than 2% of local home values.

Insurance 482

Insurance Supply Chain Real Estate Design 482

Appraisal Buzz

JUNE 20, 2024

rise in population growth between July 2022 to July 2023, and the typical home value was $399,038 Atlanta, Georgia, which experienced a 2.4% rise in population growth between July 2022 to July 2023, and the typical home value was $400,820 Fort Worth, Texas, which experienced a 2.2% Lucie, Florida, which experienced a 5.7%

Home Value 397

Home Value Buyers Housing Market Inventory 397

Housing Wire

SEPTEMBER 8, 2023

Among the various markers of success, home value has long been a significant benchmark. Fueled by the desire to keep up with others’ perceived achievements, home envy is reshaping the concept of the American Dream for these generations. The survey of 1,386 people ranging in age of 46 years old or younger across the U.S.

Home Value 448

Home Value Design Clients Investing 448

Appraisal Buzz

JUNE 12, 2024

May 2024 Market Report Highlights Home values climbed month over month in all 50 of the nation’s largest metro areas in May. Home values are up from year-ago levels in 46 of the 50 largest metro areas. Home values are down from year-ago levels in three major metro areas. year-over-year in April to 3.9%

Sellers 397

Sellers Buyers New Listings Home Value 397

Appraisal Buzz

SEPTEMBER 27, 2024

Researchers for LendingTree found home values in the country’s priciest micro politan areas (“towns” for the purposes of their report) rival those in the nation’s largest metros. In Vineyard Haven, for example, the median value of a home is 10.71 The median home value in these areas is an average of only 2.95

Home Value 370

Home Value Real Estate Buyers Construction 370

Appraisal Buzz

JULY 30, 2024

Zillow defines a “starter home” as one that is in the lowest third of home values in a given region. Nationwide, the typical starter home is worth $196,611, which is comfortably affordable for a median-income household, Zillows says in its report. Starter home values have grown 54.1%

Home Value 369

Home Value Buyers Appraisal Marketing 369

Housing Wire

MARCH 15, 2024

The typical home in the U.S. was worth $349,216 in February, according to the Zillow Home Value Index. Meanwhile, a house stayed on the market for 53 days on average, according to Zillow. Additionally, 1 in 5 listings on Zillow posted a price cut in February. That’s up 4.2% compared to February of 2023.

New Listings 493

New Listings Inventory Home Value Contracts 493

Housing Wire

AUGUST 8, 2023

.” Plunk Pro, a web- and mobile-based application, will offer functionalities such as immediate home value determination, refined value adjustment, neighborhood comparisons, real-time market insights, remodel value estimation, and project recommendations for improving home value.

Tools 370

Tools Valuation Real Estate Home Value 370

Housing Wire

DECEMBER 2, 2021

According to the FHFA, single-family home prices in the third quarter jumped by 18.5% This marks the largest increase to the agency’s house price index, which tracks the average increase in home values, since the metric was introduced in 2008. year-over-year across the nation. Meanwhile, for Alaska, Hawaii, Guam and the U.S.

Home Value 448

Home Value Finance Mortgage 448

Housing Wire

SEPTEMBER 8, 2021

The driver is, of course, spiking home prices in most places. Home values have risen so dramatically that the average homeowner could refinance their mortgage and withdraw $173,000, while retaining 20% equity in their home. There is still $9 trillion in tappable equity, a 37% increase year-over-year. million or 3.3%

Home Value 468

Home Value Mortgage Government Lending 468

Housing Wire

APRIL 4, 2024

of a prospect’s home value. For example, a prospect with a $500,000 home could see their principal limit drop by an average of $3,000 (0.6%) from a 1/8% increase in expected rate. of the appraised value of the home. Depending on those two factors, the impact could be 0.4% Example With a 2.5%

Mortgage 442

Mortgage Home Value Appraisal Development 442

Housing Wire

JUNE 26, 2024

per hour and a median home value of $349,000. years, based on a minimum wage of $14 per year and a median home value of $250,979. The company found that at the national level, the average minimum-wage worker would need about 23 years to save for an 8% down payment. That’s based on the federal minimum wage of $7.25

Home Value 397

Home Value Housing Market Realtors Finance 397

Housing Wire

FEBRUARY 18, 2021

However, even individuals that purchased homes in 2020 have seen an increase in home value after just one year of homeownership. According to CoreLogic, homeowners saw an 8% increase in home prices in 2020.

Real Estate 529

Real Estate Investing Marketing Home Value 529

Housing Wire

DECEMBER 26, 2023

The FHFA House Price Index measures changes in single-family home values from all 50 states and over 400 American cities, offering insights about home price changes. The seasonally adjusted monthly price changes ranged from a decline of 0.3% in the New England division to an increase of 1.1% in the Middle Atlantic division.

Home Value 501

Home Value Finance Housing Market Real Estate 501

Housing Wire

MARCH 18, 2024

Validate ROV allows homeowners who have questions about lender-assigned home values to submit “reconsideration of value” requests with their phones. Consumers will supplement their requests with pictures of the property.

Valuation 448

Valuation Reconsideration of Value Tools Technology 448

Housing Wire

OCTOBER 4, 2024

This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) in partnership with data analytics firm RiskSpan. billion) increase in senior home values, which was offset by a 0.89% (or $20.9

Home Value 468

Home Value Mortgage Marketing Finance 468

Housing Wire

JUNE 7, 2024

The analysis also noted that the level of underwater mortgages at a given time can change quickly due to changes in home prices. For example, when looking at the level of mortgage debt in Q1 2024, there are 111,000 homes that would move back into a positive equity position if home values rose by at least 5%.

HOA 518

HOA Home Value Insurance Mortgage 518

Housing Wire

JUNE 10, 2024

Bankrate calculated the average annual cost of owning a single-family home based on items such as property taxes, homeowners insurance and maintenance costs, as well as energy, internet and cable bills. Bankrate estimates these costs at 2% of the typical home value, which stood at $436,291 in March, according to Redfin.

Property Taxes 518

Property Taxes Insurance Home Value Inventory 518

Appraisal Buzz

OCTOBER 29, 2024

Many young Americans purchased their first homes during the pandemic or in the years preceding it, and they later profited from a historic increase in home values brought on by the homebuying boom of 2021–2022. Many young people were able to amass significant home equity as a result, and today’s home values continue to climb.

Tenants 397

Tenants Home Value Mortgage Appraisal 397

Housing Wire

DECEMBER 22, 2021

However, she added that the “silver lining is that housing values didn’t just climb in large affluent cities” as homeowners in rural America also saw “substantial” home-value increases. Redfin’s report found that rural home values climbed by 46.2% Meanwhile, the value of suburban homes rose by 25.9%

Home Value 448

Home Value Valuation Real Estate Housing Market 448