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.

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Home Value Inventory Valuation Housing Market 384

Appraisal Buzz

JULY 16, 2024

elementor-widget-heading.elementor-heading-title.elementor-size-xxl{font-size:59px} A rise in inventory The total number of homes on the market has risen throughout the year, ticking up 4% from May 2024 to June 2024 to stand nearly 23% above last year’s low level. Home values held steady in New Orleans and Denver.

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Home Value Inventory Buyers Sellers 397

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. Inventory levels are 33.8%

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Sellers Buyers New Listings Home Value 397

Housing Wire

OCTOBER 3, 2022

Skyrocketing mortgage rates – now in the 7% range for some buyers – and limited inventory have driven mortgage affordability to its lowest levels since the early 1980s, a reversal from the frenetic boom in buying during 2020 and 2021. Much of that depends on how much inventory returns to the market. months of for-sale inventory to 3.1

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Inventory Home Value Housing Market Mortgage 529

Appraisal Buzz

JULY 10, 2024

VeroFORECAST evaluates home prices in over three hundred of the nation’s largest housing markets, and the company is committed to the data science of predicting home value based on rigorous analysis of the fundamentals and interrelationships of numerous economic, housing, and geographic variables pertaining to home values.

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Home Value Inventory Housing Market Buyers 390

Appraisal Buzz

SEPTEMBER 16, 2024

According to Zillow’s most recent market report , reduced mortgage rates and more inventory are providing house buyers with a window of opportunity at an uncommon time of year. For one, it’s easier to qualify for more of the homes on the market now that mortgage rates are a bit lower. Inventory levels are -30.8% from last month.

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Buyers New Listings Inventory Home Value 396

Appraisal Buzz

AUGUST 5, 2024

Record-breaking equity and eased leverage The growth in home equity has outpaced the rise in mortgage debt, reducing overall market leverage. of underlying home values, down from 44.6% of mortgage holders have less than 10% equity in their homes. Total mortgage debt is now equivalent to 44.1% year-over-year.

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Home Value Inventory Mortgage Lending 397

Appraisal Buzz

DECEMBER 6, 2024

The largest group, which represents roughly 80% of respondents, expects home price growth to decelerate, citing continued high mortgage rates, rising for-sale housing inventory, and slower wage growth as the main drivers. The Q4 2024 HPES had 115 respondents, and was conducted by Pulsenomics between November 12-22, 2024.

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Inventory Home Value Design Mortgage 396

Housing Wire

JULY 6, 2022

Home price growth slowed in May, showing signs of a cooling housing market. But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in May from a revised 20.4% Prices, however, are still up 1.5%

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Inventory Home Value Housing Market Mortgage 373

Housing Wire

SEPTEMBER 22, 2021

. “Although there was a decline in home purchases, potential buyers are out and about searching, but much more measured about their financial limits, and simply waiting for more inventory,” Yun said. Yun said that the inflated home prices have made “for an unbalanced market, but prices would normalize with more supply.”.

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Inventory Buyers Realtors Home Value 393

Housing Wire

JUNE 10, 2024

The increase reflects rising home prices, which went up 40% since the beginning of the COVID-19 pandemic , mainly due to a lack of inventory, according to the study. Bankrate estimates these costs at 2% of the typical home value, which stood at $436,291 in March, according to Redfin.

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Property Taxes Insurance Home Value Inventory 462

Real Estate News

JUNE 13, 2023

Home values are up, and so are bidding wars, according to the latest Zillow market data.

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Inventory Home Value Marketing 236

Appraisal Buzz

FEBRUARY 17, 2022

Homebuyers are facing another challenging shopping season, as Zillow revealed its latest monthly report showing record-breaking low inventory, and unprecedented price growth. The Zillow Home Value Index (ZHVI) rose 1.5% The post Housing Inventory Plunges to Record Lows appeared first on Appraisal Buzz. from a year ago.

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Inventory Home Value Appraisal 150

Housing Wire

FEBRUARY 18, 2021

In 2020, home prices soared by nearly 10% to levels not seen since 2014, all while inventory dropped significantly. However, even individuals that purchased homes in 2020 have seen an increase in home value after just one year of homeownership. More for Real Estate Enthusiasts.

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Real Estate Investing Marketing Home Value 529

Appraisal Buzz

SEPTEMBER 10, 2024

Realtor.com’s Sixth Annual “ Best Time to Buy Report ” examined listing prices, inventory levels, new “fresh” listings, time on market, homebuyer demand, and price reductions, revealing that the “Best Time to Buy” in 2024 will be the week of September 29-October 5. home value is presently $362,481, up 3.3% over the past year.

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Inventory Buyers New Listings Marketing 397

Housing Wire

APRIL 15, 2024

Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers.

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Housing Market Inventory Buyers New Listings 408

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

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Home Value Real Estate Buyers Construction 370

Housing Wire

NOVEMBER 22, 2023

The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values. Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. 2019 level.

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Inventory Home Value Housing Market Buyers 428

Appraisal Buzz

JUNE 20, 2024

In fact, down payment assistance providers have responded to the difficult housing market by increasing the number of programs offered and expanding inventory options with support for manufactured homes and owner-occupied multi-unit homes.” Locating pockets of affordability In 10 major U.S. Lucie, Florida, which experienced a 5.7%

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Home Value Buyers Housing Market Inventory 397

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.

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Mortgage Valuation Home Value Inventory 491

Housing Wire

DECEMBER 13, 2023

While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers. “We We don’t expect rates to fall that much in this period and it may not offset rising home prices in hot housing markets.

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Inventory Housing Market Mortgage Law 488

Housing Wire

NOVEMBER 18, 2022

Total housing inventory at the end of October was 1.22 Unsold inventory sits at a 3.3-month Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said. Both a pullback in demand and limited supply remain vexing problems for the housing market. months in October 2021.

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Housing Market Marketing Inventory New Listings 418

Housing Wire

DECEMBER 22, 2021

trillion of housing value over the last year, according to a report published by Redfin this week. The report noted that home-price growth and a severe shortage of inventory worked in tandem to push housing values to record highs in 2021. As a result, the value of U.S. homes grew by 31.4% to $8 trillion.

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Home Value Valuation Real Estate Housing Market 426

Housing Wire

JANUARY 25, 2023

Inventory What does that mean for housing? Until then, home values will slowly decline, most assuredly in high-cost areas and in areas of the country that benefited the most from rampant appreciation during the pandemic. The inventory changed last year as rates finally rose higher, eating into demand.

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Housing Market Marketing Inventory Sellers 443

Housing Wire

SEPTEMBER 11, 2023

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. MC: The demand for REO assets remains strong, with inflows and overall REO inventory levels remaining significantly less than post-Q1 2020 inventories.

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Inventory Technology Design Tools 397

Appraisal Buzz

SEPTEMBER 5, 2024

The panel’s latest estimates of national home price growth are higher than last quarter’s expectations of 4.3% Terry Loebs , Founder of Pulsenomics, said: “Despite robust home value growth in the first half of 2024, our panelists anticipate a slowdown in price appreciation for the remainder of the year and beyond.

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Construction Inventory Housing Market Contracts 459

Housing Wire

JULY 29, 2022

The finding was equally confounding on the other side of the distribution where house price growth was weakest; though home values dropped by at least 10% in each of the 10 coldest markets, the number of homes added to the for-sale inventory increased in eight of them. increase to 6.7%

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Housing Market Sellers Marketing New Listings 419

Housing Wire

MARCH 9, 2021

In 2019, the typical homeowner in a primarily white neighborhood had $33,000 more home equity than the typical homeowner in a primarily Black neighborhood. “Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated.

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Home Value Market Value Brokerage Inventory 494

Housing Wire

MAY 14, 2024

“Inventory and affordability challenges have extended the home buying readiness journey, especially for first-time homebuyers,” FinLocker president and chief operating officer Brian Vieaux said in a statement. million in pre-seed funding in 2016.

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Tools Technology Development Valuation 392

Inman

APRIL 15, 2024

Seasonal price growth is highest in San Jose as buyers compete for extremely limited inventory, according to an analysis by Zillow.

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Home Value Inventory Marketing Buyers 137

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. At the other end of the risk spectrum, 22 of the 50 markets considered least likely to decline in home values were in in Virginia, Wisconsin and Tennessee.

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Housing Market Marketing Home Value Inventory 366

Appraisal Buzz

OCTOBER 18, 2024

The housing market remains structurally underbuilt, and homeowners with locked-in low mortgage rates are keeping existing-home inventory limited. home value is $359,892, up 2.7% over the past year, which may further cause affordability issues for potential home buyers. And as Zillow reports , the average U.S.

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Construction Housing Market Inventory Home Value 418

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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Home Value Luxury Properties Buyers Inspection 390

Housing Wire

JANUARY 16, 2024

Redfin attributes these divides to a variety of factors , the most salient of which is that over half (54%) of baby boomers who own homes have no mortgage and those who do have a mortgage have a much lower interest rate than the rate they would end up with if they sold and bought today. This gives baby boomers very little incentive to sell.

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Inventory Home Value Mortgage Buyers 444

Housing Wire

DECEMBER 16, 2024

.” Septembers dip in mortgage rates provided a tailwind to home sales in the second half of the year. Home values are forecast to tick up 2.2% For-sale inventory is now about 26% below the norms of 2018 and 2019, the smallest shortfall since September 2020. Zillow says that 2024 will finish with 4.06

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Housing Market Marketing New Listings Home Value 344

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. With inventory up 22% compared to a year ago, buyers are gaining bargaining power. According to Zillow , the average U.S.

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Buyers Home Value Insurance Mortgage 418

Housing Wire

MARCH 9, 2022

This means that a homeowner who purchased a typical single-family existing home 10 years ago at the median sales price of $162,600 is likely to have accumulated $229,400 in housing wealth, with 86% of the wealth gain attributed to price appreciation. in 2010.

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Home Value Realtors Marketing Inventory 468