Appraisal Buzz

AUGUST 2, 2024

Home Equity & Underwater Report. of mortgaged residential properties were considered equity-rich, a term indicating that the combined estimated loan balances secured by those properties were no more than half of their estimated market values. The report reveals that 49.2% The rate dropped to 2.4%

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Housing Wire

SEPTEMBER 26, 2024

Real estate data company StreetWire has partnered with Northern California MLS MetroList to produce an insurance product called Home Value Lock. It’s designed to protect homeowners from declining home values. Someone buys a house for $500,000 but then decides to sell due to a job relocation or an expanding family.

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Appraisal Buzz

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has announced that the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the GSEs) in 2025. the 2025 CLL value for one-unit properties will be $806,500, an increase of $39,950 (or 5.2%) from 2024. home price. In most of the U.S.,

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Appraisal Buzz

AUGUST 8, 2024

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 In a decade, the value of U.S. homes has more than doubled, rising nearly 120% from $22.7 New Brunswick’s total home value surged 13.3% This represents a $3.1

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Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had. Things will get better.

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Housing Wire

JANUARY 22, 2025

While stubbornly high mortgage rates are keeping a lid on buyer demand and home value growth, and a response from builders has kept multifamily rent growth stable for many months, rents for detached single-family homes continue to accelerate. Meanwhile, apartment rents averaged $1,812 per month in December, up 2.4%

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Inventory Home Value Housing Market Buyers 448

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6%

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Housing Market Marketing Real Estate Technology 545

Inman

FEBRUARY 27, 2025

home values have risen by 45.3 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. Since 2020, U.S.

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Housing Wire

JANUARY 16, 2025

Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. These are just two of the challenges appraisers face in the current mortgage market, Ashley Jelinek, CEO of CSS, said in a statement. home prices rose by 3.6%

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Appraisal Valuation Home Value Housing Market 397

Appraisal Buzz

DECEMBER 20, 2024

million homes with mortgages in the United States are owned by individuals aged 65 and older, according to a recent LendingTree study. Census Bureau data, the analysis reveals regional trends, lower housing costs for older homeowners, and the significant implications of carrying mortgage debt into retirement.

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Appraisal Buzz

JULY 26, 2024

This historical comparison might incite panic, as the Great Recession led to significant home value declines and numerous foreclosures. However, today’s housing market, while expensive, appears to be in far better shape than it was before the Great Recession. Several factors contribute to this trend. The post U.S.

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Housing Market Marketing Home Value Mortgage 448

Appraisal Buzz

OCTOBER 18, 2024

“Permits are a leading indicator of future starts, and they increased for the third consecutive month in September, a positive sign for a supply-starved housing market,” added Kushi. The housing market remains structurally underbuilt, and homeowners with locked-in low mortgage rates are keeping existing-home inventory limited.

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Construction Housing Market Inventory Home Value 418

Housing Wire

SEPTEMBER 7, 2022

Price corrections are coming to housing markets across the United States, Black Knight said following July’s home price decline from June. Relatedly, tappable home equity is expected to pull back in the third quarter as equity-rich markets already saw declines in July. . While July’s home price grew 14.5%

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Housing Market Marketing Home Value Lending 459

Appraisal Buzz

DECEMBER 6, 2024

A recent analysis of Federal Housing Finance Agency (FHFA) data by the Urban Institute dispels the myth that manufactured homes do not appreciate as much as site-built homes. Land costs now comprise a larger share of home values, increasing from 35.7% in 2012 to 57.4%

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Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Long-term mortgage rates responded by rising from 3.25% in early 2022 to over 7.25% in October 2022, more than doubling. The overall U.S. overnight.

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Housing Market Marketing Inventory Sellers 459

Housing Wire

NOVEMBER 8, 2022

Revenue and net income were both down for Fannie Mae and Freddie Mac in the third quarter, and the two government sponsored entities (GSEs) expect the housing market to deteriorate further in the fourth quarter. “Credit-related expense for the third quarter was primarily driven by lower actual and projected home prices.”

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Home Value Housing Market Government Finance 370

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Appraisal Buzz

JANUARY 31, 2025

Home Equity & Underwater Report , which shows that 47.7% of mortgaged residential properties in the U.S. were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. percent to 47.9

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Housing Wire

NOVEMBER 18, 2022

Existing home sales last month declined 5.9% That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement.

Housing Market 448

Housing Market Marketing Inventory New Listings 448

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

NOVEMBER 30, 2021

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200.

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Housing Wire

OCTOBER 18, 2024

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. This trend had a profound impact on the housing market. Career Institute.

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Appraisal Process Appraisal Real Estate Inspection 447

Appraisal Buzz

MARCH 3, 2025

Property insurance costs for mortgaged single-family homes rose by a record $276 (+14%) to $2,290 in 2024 with average premiums now up 61% over the past five years. Were seeing increases in both the share of borrowers switching policies and borrowers taking on higher deductibles as a way to combat rising premiums.

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Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. The Northmarq report points out that the BFR sector currently accounts for only a small slice of overall home starts, at about 6%. Riding a cresting wave.

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Housing Market Marketing Construction Development 545

Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

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Housing Market Sellers Marketing New Listings 435

Housing Wire

FEBRUARY 20, 2025

Chase Home Lending recently announced a limited-time, nationwide interest rate discount that is designed to help homeowners save on their monthly mortgage payments.The offer is in effect through March 7. This offer extends to anyone with an existing mortgage at any lending institution looking to benefit from refinancing, she said.

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Appraisal Buzz

AUGUST 22, 2024

The third-quarter 2024 Vacant Property and Zombie Foreclosure Report reveals a significant decline in abandoned homes in foreclosure, reflecting the continued resilience of the U.S. housing market. or one in 76 homes. housing market,” said Rob Barber, CEO of ATTOM. housing market.

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Housing Market Marketing Home Value Investors 361

Appraisal Buzz

JANUARY 8, 2025

According to new Zillow research, Buffalo, New York, is projected to be the hottest major housing market in 2025. This is the first time a market has held the title for consecutive years. Construction that keeps pace with an areas growth remains a crucial piece of keeping homes available and accessible.

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Buyers Sellers Home Value Construction 370

Appraisal Buzz

JANUARY 2, 2025

home values had an annual growth of 3.6%a Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home prices rose again in October. annual return for October.

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Inventory Buyers Home Value Housing Market 359

Housing Wire

NOVEMBER 7, 2022

High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate from the housing market in the third quarter of 2022, according to Black Knight ’s mortgage monitor report. Equity among mortgaged homes dropped by about $1.5 mortgage holders saw a total of $1.3

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Housing Market Marketing Home Value Mortgage 370

Appraisal Buzz

JANUARY 23, 2025

The downward investment-return trend continued despite the median national home price rising 5% to another annual record of $350,000. Margins fell back as the increase in home values failed to keep up with larger price spikes recent sellers had been paying when they originally bought their homes. in 2023, the U.S.

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Appraisal Buzz

JUNE 13, 2024

Recent housing reports suggest that inventory is increasing and, as a result, home prices are starting to drop in certain areas, resulting in improved affordability. But which areas are most at risk of seeing their housing markets go into a downturn as a result of shifting market conditions?

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Housing Market Marketing Home Value Inventory 366

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. In the New York and San Francisco districts, potential homebuyers opted to rent instead of purchasing due to elevated prices and higher mortgage rates.

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Housing Market Marketing Construction Inventory 370

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.

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Appraisal Buzz

JUNE 25, 2024

Affordability struggles continue for many nationwide, with mortgage rates reported still in the 7% range and the average U.S. home value at $360,681 , up 4.3% Affordability struggles continue for many nationwide, with mortgage rates reported still in the 7% range and the average U.S. home value at $360,681 , up 4.3%

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Housing Wire

MARCH 15, 2024

Prospective homebuyers have more options to choose from in the housing market, which could help spur sales this spring. Mortgage demand has been on the rise for two weeks in a row. Meanwhile, a house stayed on the market for 53 days on average, according to Zillow. The typical home in the U.S. That’s up 4.2%

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New Listings Inventory Home Value Contracts 493

Housing Wire

NOVEMBER 7, 2023

And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I single-family home was $3,901, up 3% compared to 2021, ATTOM reported.

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