Housing Wire

SEPTEMBER 9, 2021

Consumers, meanwhile, are still desperate to buy homes. The lack of available inventory coupled with sustained consumer demand has continued to drive historic increases in home prices. In June, home-price growth in the U.S. reached a record high, up 18.6% for the week ending Sept. from 11.2%.

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Appraisal Buzz

SEPTEMBER 17, 2024

home value currently stands at $361,282, up 2.9% This analysis shows homeownership may be more within reach than most renters think,” said Zillow Home Loans Senior Economist Orphe Divounguy. For those who can put together a down payment, buying a home in these cities may be the right move. year-over-year.

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Appraisal Buzz

AUGUST 19, 2024

The record high in home prices—the median sale price nationally increased by 4% in June—has led to a record high in the percentage of American homes valued at $1 million or more. Even though the inventory has lately increased, many homeowners are locked in by low rates, thus it is still roughly 30% below pre-pandemic levels.

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Housing Wire

JULY 26, 2021

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. The housing market is red hot.

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Housing Wire

APRIL 9, 2021

. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire.

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Housing Wire

FEBRUARY 20, 2025

Generational home-buying divide Another striking conclusion from LendingTree is the stark difference in home values sought by younger buyers compared to older buyers. On average, under-30 buyers looked at homes priced at $92,332 74.9% Meanwhile, metros like New Orleans, Boston, and San Jose report less than 2.5%

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Buyers Real Estate Inventory Mortgage 341

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Actual cash required may vary and is based on age of youngest borrower, interest rate, home value, and other factors.

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Appraisal Buzz

JULY 1, 2024

“Home prices increased again this March beyond the typical seasonal uptick, despite mortgage rates reaching this year’s high and the affordability crunch continuing to keep many prospective buyers on the sidelines,” said Dr. Selma Hepp, Chief Economist for CoreLogic.

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Housing Market Inventory Real Estate Marketing 418

Housing Wire

FEBRUARY 1, 2023

So, while the rate of home-price gains is trending downward, home values are still appreciating overall. The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in 2022, the weakest showing since 2014.

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Marketing Government Mortgage Sellers 435

Housing Wire

DECEMBER 6, 2024

” “From Primary Residence to Rental: Your Conversion Guide” Maintenance & homeownership “Your [Season] Home Maintenance Guide” “Smart Home Upgrades That Actually Save You Money” “The Ultimate Guide to Choosing Home Insurance” “DIY or Call a Pro?

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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% from June 2022.

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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. Still, even the single-family rental (SFR) market, including the BFR sector, faces an uncertain future in the year ahead, given the ongoing volatility in interest rates and inflation.

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Housing Market Marketing Construction Development 545

Appraisal Buzz

JULY 30, 2024

Inventory Rises, But Costs Grow Prohibitive According to a recent study by Redfin , nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract. This trend is contributing to a glut of unsold inventory. Keeping home out of reach for many is the average price tag.

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Cleveland Appraisal Blog

OCTOBER 1, 2021

This week, I am also working on a new Home Value Stories podcast episode. When you’re downsizing your home with a pet as your roommate, your animal may experience anxiety and uncertainty during the entire moving process. I think you’re going to enjoy her article. Especially if you have pets and are thinking of downsizing.

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Empire Appraisal Group

SEPTEMBER 26, 2024

Over the past year, active inventory has been rising at an accelerated pace in many Florida housing markets. Some of it is a result of spiked home insurance premiums, which have further stretched Florida affordability that was already strained by high home prices and insurance premiums.

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Lamacchia Realty

JANUARY 29, 2025

In 2024, the South Florida single-family housing market saw rising prices, inventory remained tight, and sales declined slightly. Rising insurance premiums added to the cost of homeownership, potentially affecting affordability. 2024 Real Estate Performance Highlights The number of homes sold decreased by 7.6%

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Inventory Insurance Real Estate Buyers 60

Lamacchia Realty

DECEMBER 21, 2023

An increase in active inventory as well as new listings is great news for buyers! Inventory has struggled to keep up with relentless buyer demand, especially in South Florida , so more options could lead to less competition and a stabilization or even reduction of prices. What does this mean for Buyers ? What’s next?

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Eppraisal

DECEMBER 9, 2022

As buying a home is one of the most important investment decisions you will ever make, it is crucial to understand the current real estate market before you dive in. Home values rose double digits, year-over-year, the past couple years? The housing inventory has been low; however, it is growing?

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Real Estate Agent Real Estate Home Value Agents 68

Lamacchia Realty

NOVEMBER 27, 2023

In October 2023, we again saw increases in new listings and active inventory. but so is availability as inventory has struggled to keep up with buyer demand, especially in a high-demand area like South Florida. Therefore, an increase in listings and active inventory is great news! What does this mean for Buyers ?

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Eppraisal

APRIL 27, 2021

If you've been able to save for a larger down payment, you may qualify for a lower interest rate and you won't have to pay private mortgage insurance (PMI) if you're able to put 20% down on a conventional loan. Interest rates are still historically low, so it's a great time to borrow money to purchase your first home.

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Empire Appraisal Group

OCTOBER 17, 2024

Before you start your next project, consider these tips to help you avoid costly home renovation mistakes. Not reviewing homeowners’ insurance coverage It’s important to determine how much homeowners insurance you need for your unique circumstance. Take inventory of the tools you already own.

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Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Risk to Home Values.

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Lamacchia Realty

MARCH 28, 2023

The significant decrease in pendings is an indicator of diminished buyer demand for these property types, and clearly, it is much lower than what we are seeing for single-family homes. Instant Home Evaluation See immediately how this market is impacting your home value.

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Eppraisal

MAY 25, 2021

Advantages of a VA Home Loan According to mortgagereports.com, "the VA loan asks for no down payment, requires no mortgage insurance, and has lenient rules about qualifying, among other advantages." The VA home loan is a true "no money down" home loan opportunity. PMI protects lenders if homeowners default on their loans.

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Sellers Home Value Inspection Government 36

Eppraisal

DECEMBER 9, 2021

This past year we have experienced an unprecedented lack of real estate inventory available for sale leaving pent-up buyer demand. Houses are selling in record time and prices have risen at unbelievable rates; homeowners are experiencing nice increases in home values. Some sellers may think this is one downfall of VA home loans.

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The Robert Weiler Company

SEPTEMBER 7, 2022

The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. We’ve seen incredible sales numbers, houses selling faster than ever, and a low inventory of new homes.

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Marketing Real Estate Investing Retail 78

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.

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Inspection Real Estate Agent Real Estate Agents 69

Lamacchia Realty

JANUARY 24, 2024

South Florida has faced relentless buyer demand throughout 2023, but an increase in active inventory is great news for buyers as more options could lead to less competition and a stabilization or even reduction of prices. Instant Home Evaluation See immediately how this market is impacting your home value. What’s next?

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New Listings Sellers Real Estate Buyers 36

Eppraisal

AUGUST 16, 2022

Before, during and after the COVID-19 pandemic, home prices steadily climbed. These increases, combined with a growing but still modest inventory of houses for sale, make for hard times for banks and other mortgage lenders. As of July of 2022, applications for home financing -- especially refinances -- sit at a 22-year low.

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Home Value Advertising Finance Government 36

Will Springer Realtor

APRIL 10, 2024

Affordable housing initiatives focus not on the climate but on increasing inventory to meet demand, while climate-focused efforts lack integration with housing resilience goals. INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. per $1000 of home value) but soaring elsewhere.

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Real Estate Buyers Sellers Insurance 36

Listing Spark

OCTOBER 13, 2022

There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. And housing prices are still up! “In It was crazy.

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Housing Market Real Estate Marketing Buyers 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.

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Real Estate Agent HOA Finance Inspection 47

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. Home sales have slowed despite rising inventory levels. Home sales have slowed despite rising inventory levels. percent the previous week.

Appraisal 68

Appraisal Contracts Investors Property Appraisal 68

Will Springer Realtor

AUGUST 9, 2022

Insurers are increasingly exposed to the climate crisis and are currently under-charging premiums by about 58% to at-risk property owners, the report states. or 4% of the population – live in high-flood-risk areas, but FEMA maps used by the insurance industry are often out of date, including 11% of them last updated in the 1970s and ‘80s.

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Inventory Buyers New Listings Construction 36

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? If it’s a seller’s market now, you might encounter tight inventory. Your financial situation.

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Real Estate Agent Buyers Real Estate Mortgage 36

Will Springer Realtor

DECEMBER 8, 2021

Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values. This month’s headline: Inventory is at drought levels while median prices were little changed month to month. Monthly inventory stands at 0.4 The cupboards are bare.

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Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

NOVEMBER 12, 2021

As home values rise, low-income households already on the margins of affordability are being priced out of homeownership in urban areas such as Seattle, where median prices have jumped 37% (and 52% countywide) over the past five years. In addition, data compiled by realtor.com show starter homes in the U.S. >> U.S.

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