Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

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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 Wire

DECEMBER 6, 2024

Real estate agents often make the mistake of believing their clients will remember them forever but they dont. One of the easiest and most cost-effective ways to stay top-of-mind with clients and prospects is by consistently delivering value in an informative, helpful real estate newsletter.

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Housing Wire

JANUARY 7, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. San Diego, California. Peoria, Illinois. “If

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Housing Wire

OCTOBER 18, 2024

Jaro is committed to saving time and money lenders in a constantly-evolving real estate market. Confronting urban housing price volatility concerns It’s no secret that companies have been pushing employees out of the office and back into remote work status to save money and boost productivity. Career Institute.

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Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market.

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Housing Wire

NOVEMBER 18, 2024

in October—fueled by rising housing and insurance costs—and mortgage rates having edged back above 7%, homeownership remains a distant goal for many living in the U.S. For real estate agents, this economic reality can present both challenges and opportunities, and determine strategies in markets across the country.

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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.”. Single-family homebuilders, too, are looking to capitalize on the build-for-rent market, with Lennar Corp.,

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Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

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Appraisal Buzz

JANUARY 28, 2022

The 2022 housing markets across the U.S. According to the National Association of Realtors, home values increased by 16.9% This surge in demand is pressuring the diminishing … The post Real Estate Heats Up Across U.S., Housing Demands Rise appeared first on theMReport.com.

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Real Estate Home Value Realtors Housing Market 305

Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. How long does it take to get a real estate license in Ohio?

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Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

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Housing Wire

NOVEMBER 18, 2022

“The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”. Both a pullback in demand and limited supply remain vexing problems for the housing market. Total housing inventory at the end of October was 1.22 million units, which was down 0.8%

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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 Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

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Real Estate News

MARCH 15, 2023

With the value of its residential real estate surpassing $3.6 trillion, Florida edged out New York but trails California among markets with the top home values.

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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% as the decade-long housing market boom cooled in 2023, especially in the second half of the year as median sales prices declined.

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Housing Wire

OCTOBER 14, 2021

Over the same time period, home values grew 31.2%. In the past two years, prices have grown an additional 22%, which should come as no surprise, as more than half of homes sold this past July went for above list price and there appears to be no end in sight, as Goldman Sachs predicts that home prices will rise another 16% in 2022.

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Housing Wire

JULY 1, 2024

GRAPH 1: The distribution of real estate across the different income segments as a percent of the total real estate market in Q3 1989 and Q4 2023. The poorest 20% own only 5% of real estate, despite a significant 46% increase from public interventions.

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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. According to the most recent data from the S&P CoreLogic Case-Shiller Home Price Index, U.S. home prices rose by 3.6% year over year in October 2024.

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Appraisal Valuation Home Value Housing Market 370

Appraisal Buzz

JULY 10, 2024

Veros Real Estate, an enterprise risk management and collateral valuation company, has released it second quarter VeroFORECAST, which projects an average nationwide home price forecast for the forthcoming year. The ten weakest housing markets are expected to see modest price declines (-1.0%

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Housing Wire

JULY 25, 2023

According to a survey of roughly 2,000 U.S. Among the top migration destinations most impacted by climate risk, coastal Florida has seen nearly 60,000 more people move in than move out over the past two years.

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Housing Wire

SEPTEMBER 27, 2023

That favors markets in the Northeast and Midwest, where prices are lower, and comes at the expense of markets in the West, where prices are higher, recently published data from Zillow suggest. Take the Zillow Home Value Index. It is smoothed and seasonally adjusted, and data for August were published Sept.

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Housing Wire

JULY 25, 2023

Impact on home values and sales In the meantime, real estate agents in Florida and California are concerned that the rising homeowners’ insurance costs in their states will have a negative impact on homeownership.

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Housing Wire

NOVEMBER 7, 2023

In the first half of 2022, home prices in the county were on fire, jumping up by 40% year over year in some neighborhoods as people were pushed out of pricier Austin. The market has since cooled off, but taxes are going up. single-family home was $3,901, up 3% compared to 2021, ATTOM reported. In 2022, the average tax on a U.S.

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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% housing market,” Redfin said.

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Home Value Valuation Real Estate Housing Market 448

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. The Fed report shows HELOC balances nationwide stood at a total of $336 billion at yearend 2022.

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Housing Wire

FEBRUARY 10, 2021

The Seattle-based company , which has mostly pivoted from selling advertising to real estate agents into iBuying, acquired 1,789 homes in the fourth quarter. That was just two more homes than they had acquired a year prior, just before COVID-19-related shutdowns froze the business in place. through December 2021.

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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. Meanwhile, a house stayed on the market for 53 days on average, according to Zillow. The typical home in the U.S. was worth $349,216 in February, according to the Zillow Home Value Index.

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Housing Wire

MARCH 25, 2021

More for Real Estate Enthusiasts. How much house can you afford to buy? Buying a house that needs work? A homebuyer’s guide to a competitive housing market. Here’s how to get an instant offer on your home. However, there are two popular options lenders use with buyers. Projects to avoid.

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Buyers Finance Real Estate Home Value 542

Appraisal Buzz

AUGUST 16, 2024

housing market saw a significant uptick in the second quarter of 2024, with purchases rising 3.4% year-over-year—the largest increase since mid-2022, according to a new report by Redfin, a real estate brokerage. There’s also a trend of parents buying second homes to rent out before passing them on to their children.”

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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.

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Investors Tenants Real Estate Property Taxes 468

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. They own the home with their name on the title, as with any mortgage, traditional or reverse. In fact, a veritable upheaval is headed for the housing market already. Yet staggeringly few are aware of its existence.

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Housing Wire

OCTOBER 16, 2020

million homes are located in areas at high risk of wildfire across the states of Washington, Oregon and California, with a total estimated home value of $3.3 More than 4.5 trillion, a new Redfin report said. Forest Service. Data was gathered from 2,700 zip codes in California, Oregon and Washington. “The

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Housing Wire

JUNE 5, 2024

home values is growing faster that the more commonly viewed metric of listing price. By comparison, the national median list price for a home jumped 37.5% The change in that metric is a more solid measure of how much more a home is worth over time than looking at changes in median list price.”

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Appraisal Buzz

AUGUST 9, 2024

Home prices in Opportunity Zones across the United States continued to climb in the second quarter of 2024, with median values rising in more than half of the areas targeted for economic redevelopment, according to a new report from ATTOM Data, a real estate data firm.

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Appraisal Buzz

MAY 19, 2022

According to the latest Zillow Real Estate Market Report, the housing market is as competitive as ever, moving at record pace. Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates.

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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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