Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. ” Real estate agents and LOs: the great collaboration. . ” Real estate agents and LOs: the great collaboration. and Austin.

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Appraisal Buzz

DECEMBER 30, 2024

The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! The real estate professionals make their best predictions based on data, but no one can know whats going to happen with 100% accuracy.

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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. While rising inventory provides more options for buyers compared to that in 2023, prices remain stubbornly high.

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Housing Wire

MARCH 15, 2024

Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday. The typical home in the U.S. was worth $349,216 in February, according to the Zillow Home Value Index. That’s up 4.2% compared to February of 2023.

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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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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

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. The small-town residential real estate shortage is felt in lesser-known places too. times higher than the median household income for the area.

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Home Value Real Estate Buyers Construction 370

Housing Wire

JULY 25, 2022

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. So, home sales have really gotten completely hammered,” Zandi said.

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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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Housing Wire

JULY 1, 2024

In the game of housing crisis Rochambeau, we play with income, inventory, and policy. Inventory cannot beat inadequate incomes, but better compensation policies can. 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.

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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%

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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

JULY 29, 2022

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. For example, if a natural disaster destroyed thousands of homes in a housing market, prices would rise due to the loss of inventory. increase to 6.7%

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Housing Market Sellers Marketing New Listings 411

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

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

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 382

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 361

Appraisal Buzz

OCTOBER 3, 2024

“Now that we’re seeing mortgage rates down to their lowest levels in two years, there are signs of movement, with more sellers putting homes on the market even in what’s typically a real estate shoulder season.” September 2024: National Housing Metrics Median listing price : (Change over September 2023: -1.0%

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Marketing New Listings Sellers Advertising 418

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. “And then we have our agent commission.”

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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 233

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 415

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 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 490

Appraisal Buzz

JULY 1, 2024

The latter two sites seem quite chilly presently, but three years ago they were heralded as the country’s new real estate hot spots, leading the nation in gains during the pandemic. Pandemic boomtown real estate markets, however, continue to seem robust going forward, even in spite of the abrupt reverse.

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Housing Market Inventory Real Estate Marketing 418

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

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Sellers Housing Market Inventory Buyers 391

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 431

Housing Wire

DECEMBER 1, 2022

Boston – The First District’s residential real estate market continued to weaken in September and October … Closed sales were down over-the-year in all reporting markets (which exclude Connecticut), representing a moderate deceleration in sales for single-family homes and a substantial deceleration for condos.

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Housing Market Marketing Construction Inventory 297

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. We can effectively open up a new line of customers for real estate professionals with this financing,” Cooper said.

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Loan Officers Real Estate Agent Real Estate Finance 387

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

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. SmartZip was the first to use predictive analytics to identify patterns in real estate marketing, determining the most likely sellers.

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Advertising Real Estate Tools Sellers 373

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The “Queen city of the Ozarks” needs more homes. One issue that comes from this, Curbow said, is that buyers are afraid to pursue their dream home. San Diego, California. Peoria, Illinois. “If

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Housing Market Marketing Real Estate Agent Agents 333

Housing Wire

MAY 9, 2022

billion in 2020, an increase that ALTA attributed to historic mortgage origination activity and the substantial increase in home values. Incredibly low mortgage rates (led) to an unprecedented increase in real estate transactions and substantially higher home values,” Diane Tomb, the CEO of ALTA said in a statement.

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Insurance Home Value Inventory Real Estate 282

Inman

DECEMBER 5, 2023

Windermere Real Estate Chief Economist Matthew Gardner offers his 2024 forecast for interest rates, home values and the potential for a housing market recovery.

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Inventory Home Value Real Estate Housing Market 127

Housing Wire

OCTOBER 25, 2024

Still, we are already observing weakness in metro areas like Austin, Texas, where fundamentals do not support high real estate prices. Collateral composition is about to become exceedingly important!

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Supply Chain Investors Insurance Lending 430

Housing Wire

JULY 26, 2022

National Home Price Index is a leading measure of housing prices. It tracks the value of single-family housing nationwide, while the 10-city and 20-city composite indices track single-family home values in select metro areas. Since peaking in February, price appreciation has moderated slightly.

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Housing Market Inventory Retail Marketing 358

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. one of the nation’s largest homebuilders, recently offering to sell some 5,000 homes to investors in the SFR market, according to a Bloomberg report. metro areas.

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Housing Market Marketing Construction Development 545

Empire Appraisal Group

DECEMBER 19, 2024

Despite Inventory Rise, Home Buyers Remain Cautious Source: [link] More listings are coming to the real estate market, but home sales continue to be sluggish. There are more inventory choices for consumers, lower mortgage rates than a year ago and continued job additions to the economy. Home Sales Report.

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Inventory Buyers Real Estate Realtors 78