Housing Wire

MARCH 13, 2024

The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. insurers have grappled with exponential growth in natural disaster claims. homes, valued at $19.7 homes, worth $13.6 of homes in the U.S., valued at nearly $7.7 And about 9% of homes, valued at nearly $6.6

Tools 420

Tools Insurance Home Value Technology 420

Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters.

HOA 370

HOA Insurance Legal Fees Valuation 370

Housing Wire

JUNE 7, 2024

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%. Conversely, 153,000 homes would fall underwater if values declined by 5% or more.

HOA 510

HOA Home Value Insurance Mortgage 510

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 443

Finance Real Estate Agent Real Estate Insurance 443

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Over the past 14 years, FHA has insured 9.1

Insurance 482

Insurance Home Value Mortgage Marketing 482

Appraisal Buzz

JULY 1, 2024

Over the past few years, the most popular housing markets in the U.S. have experienced significant changes, showing a pattern of ongoing development and evolution, according to CoreLogic’s May Home Price Insights report. Examining appreciation at the metro level reflects regional patterns.

Housing Market 418

Housing Market Inventory Real Estate Marketing 418

Housing Wire

APRIL 24, 2023

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Less demand for homes will cause home values to drop in many neighborhoods.

Legal 336

Legal Housing Market Government Buyers 336

Housing Wire

JULY 26, 2021

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price.

Mortgage 507

Mortgage Lending Real Estate Agent Government 507

Appraisal Buzz

JULY 30, 2024

Elizabeth Warren and Raphael Warnock, members of the Senate Committee on Banking, Housing, and Urban Affairs, and Rep. Limit the role of private equity in the housing market. Promote mobility by strengthening anti-discrimination laws and improving the housing voucher program. home value is $363,438 , up 3.8%

Construction 221

Construction Investing Inventory Law 221

Housing Wire

MARCH 25, 2024

According to a Freddie Ma c housing and mortgage market report released Monday, while mortgage payments remain the primary pressure point for homeowners, insurance costs are emerging as a growing burden. Homeowners insurance costs, though still much smaller than mortgage principal and interest payments, are on the rise.

Insurance 383

Insurance Home Value Mortgage Marketing 383

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. So, while the rate of home-price gains is trending downward, home values are still appreciating overall.

Marketing 413

Marketing Government Mortgage Sellers 413

Housing Wire

JUNE 29, 2021

The average home value for high hazard risk properties is $697,000, as compared to the neighborhood average of $773,000 dollars. With a nearly $75,000 gap, it becomes evident that homes in Otay Ranch at higher risk also have lower property values. The post Are higher-risk homes cheaper?

Home Value 223

Home Value Development Valuation Insurance 223

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

Real Estate 432

Real Estate Law Property Taxes Marketing 432

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. All Houston home value information was sourced by the HAR MLS database.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Eppraisal

APRIL 21, 2023

Depositors are compensated -- in part or in full -- by the Federal Deposit Insurance Corporation (FDIC) or, in the case of a failed credit union, the National Credit Union Administration (NCUA). This can lure buyers into the market because the cost of financing is less prohibitive. Banks are more than depositories.

Lending 28

Lending Housing Market Marketing Real Estate 28

Cleveland Appraisal Blog

OCTOBER 29, 2021

All Mortgages to be insured under Section 223(e) must be submitted to the Jurisdictional HOC for prior approval.” It refers to HUD “permitting the use of FHA mortgage insurance in older, declining urban areas where there is a need for affordable housing. Is the housing market going to crash?

Appraisal 365

Appraisal Development Finance Lending 365

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

Appraisal 107

Appraisal Inspection Property Taxes Easement 107

Zillow

JULY 15, 2019

Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Appraisal Buzz

AUGUST 16, 2024

housing market saw a significant uptick in the second quarter of 2024, with purchases rising 3.4% Investors bought approximately one out of every six homes sold in the quarter, representing $43 billion in transactions, marking a 13.7% High insurance rates and property taxes in the area were cited as factors deterring investment.

Investors 370

Investors Property Taxes Housing Market Real Estate 370

Housing Wire

JANUARY 9, 2023

“With many homebuilders feeling the impact of rising mortgage rates on new-home sales, delivering units for rent is expected to continue to become a larger segment of the overall single-family housing market.”. on an annualized basis, according to Fannie Mae , to as much as 20%, according to some market forecasts.

Housing Market 545

Housing Market Marketing Construction Development 545

Appraisal Today

MARCH 22, 2024

It can impact home values, insurance costs, and the overall stability of a housing market.” “The The issues are whether you can get access to affordable insurance and how much the costs will increase,” says Xu. The risk from wildfire smoke, coming from nearby and distant areas, is significant for my home.

Appraisal 68

Appraisal Contracts Business Insurance 68

PennyMac

JUNE 28, 2022

An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. FHA Mortgage Insurance Premium. If you’re using an FHA loan for your mortgage, you’ll need to pay the mortgage insurance premium (MIP) upfront as part of your closing costs. Escrow Deposit.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

Appraisal Buzz

JULY 5, 2024

Therefore, compared to the first quarter of this year and the second quarter of last year, the proportion of average wages required nationwide for normal mortgage payments, property taxes, and insurance increased by around three percentage points. Throughout the months of April through June, the national median home price increased by 4.7%

Property Taxes 370

Property Taxes Insurance Lending Buyers 370

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% home purchases fell 1.9% during the same period, which Redfin attributed to elevated mortgage rates and home prices. Although the U.S.

Investors 423

Investors Tenants Real Estate Property Taxes 423

McKissock

JANUARY 18, 2021

“Showcase the houses you recently sold and what you have on the market, the rise and fall of local home values, and the ways the housing market is recovering and how an experienced real estate agent makes a difference.”

Real Estate 79

Real Estate Real Estate Agent Clients Agents 79

Assurance Financial

SEPTEMBER 20, 2021

It’s important to note that any down payment under 20% normally requires mortgage insurance. However, if you put down more than 20%, you don’t need insurance. How Much Is a Normal Down Payment on a House? Another is the housing market in your area. What Is a Loan-To-Value Ratio?

Insurance 36

Insurance Mortgage Buyers Government 36

PennyMac

AUGUST 14, 2024

Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. Plan for Additional Expenses: Budget for closing costs, moving expenses and any immediate home improvements.

Real Estate Agent 36

Real Estate Agent HOA Finance Real Estate 36

Housing Wire

JULY 14, 2023

The report also accounts for “wealth lost because of lower home value appreciations for homes owned by people of color compared with white people,” according to the reporting. When specifically looking at King County’s Black households, the estimated intergenerational wealth loss since 1950 is estimated to be between $5.4

Design 361

Design Government Home Value Real Estate 361

Housing Wire

FEBRUARY 26, 2024

This is also an adage that is holding true in some of the nation’s more expensive housing markets including California , Florida and Washington State , according to reverse mortgage professionals in these areas that spoke with RMD. Probably about 20-25% of my business has been that product.”

Marketing 368

Marketing Business Clients Training 368

Appraisal Today

JUNE 23, 2023

A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure. A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers. Inaccurate or biased algorithms can lead to serious harm. Worth reading.

Appraisal 89

Appraisal Real Estate Valuation Contracts 89

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. a market with high-income homebuyers that has experienced soaring home prices since 2020. In June , existing, single-family home sales declined 4% from May and 19.7%

Insurance 329

Insurance Mortgage Lending Clients 329

Assurance Financial

OCTOBER 27, 2023

There are a few ways to build equity in your home, including refinancing, renovating, paying down your mortgage and making a sizeable down payment. Your home’s value may also increase with an upward trend in the housing market. Loss of equity: With a HELOC, you borrow against your home equity.

Renovations 36

Renovations Mortgage Appraisal Housing Market 36

Lamacchia Realty

DECEMBER 21, 2023

The prevalence of cash buyers in the region (especially in Miami-Dade County) makes it slightly less susceptible to ever-changing mortgage rates, but for those who are looking to buy with financing, affordability remains a top concern given mortgage rates and current home prices. What’s next?

New Listings 69

New Listings Real Estate Inventory Sellers 69

PennyMac

JANUARY 3, 2024

With a VA loan, there are: No down payment on home purchase loans* Lower closing cost limits Lower interest rates Relaxed credit requirements No monthly mortgage insurance premiums Already have a VA loan for your first home? Here are some best practices and tips for home-selling success. Research the housing market.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Will Springer Realtor

APRIL 10, 2024

INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. Insurance companies may argue, however, that the costs are simply increasing along with home values. in homeowners insurance premiums for every $1000 of their home’s value in 2022. per $1000 of value.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Appraisal Today

AUGUST 23, 2024

Investors use them to evaluate the value and risk of potential investments. Insurance companies use them for verifying property values in underwriting and claims. Investors purchased $43 billion worth of homes in the second quarter, up 13.7% from a year earlier—also the biggest gain in two years.

Appraisal 70

Appraisal Contracts Investors Mortgage 70