Appraisal Buzz

JULY 19, 2021

Housing inventory saw significant recovery for the second straight month in June, indicating that the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor, according to the latest Zillow Real Estate Market Report. Intense demand for houses over the course.

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Appraisal Buzz

JANUARY 22, 2025

According to Zillow s most recent market report, rented single-family homes are currently the most notable item on the real estate market, with prices 20% higher than those of a typical multifamily apartment. For-sale inventory continues to recover, but is still 25% below pre-pandemic norms. annually, down from 5.2%

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Housing Wire

NOVEMBER 18, 2024

For real estate agents, this economic reality can present both challenges and opportunities, and determine strategies in markets across the country. Yet each of these states faces unique real estate hurdles that shape the prospects for both home sales and rentals. inflation climbing to 2.6%

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Housing Wire

FEBRUARY 8, 2024

Real estate farming, otherwise known as geo-farming, is a dependable lead generation method that can help to create a steady pipeline of real estate leads and clients in your area. If you want to add effective real estate farming tips, tools and tactics to your marketing arsenal, our guide will show you how it’s done.

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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

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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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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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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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

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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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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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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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

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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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 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 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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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

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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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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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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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

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 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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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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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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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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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 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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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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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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Housing Wire

FEBRUARY 20, 2025

New data from LendingTree and CoreLogic highlights the struggles and successes of young buyers in todays real estate landscape. Generational home-buying divide Another striking conclusion from LendingTree is the stark difference in home values sought by younger buyers compared to older buyers.

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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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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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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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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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