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New listings surge as the spring buying season approaches

Housing Wire

Prospective homebuyers have more options to choose from in the housing market, which could help spur sales this spring. New listings ticked up by 21% in February compared to last year, according to Zillow ’s February report. New listings ticked up by 21% in February compared to last year, according to Zillow ’s February report.

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Housing Market Nears $50T Valuation Milestone

Appraisal Buzz

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 trillion, according to a new report by Redfin. In a decade, the value of U.S. homes has more than doubled, rising nearly 120% from $22.7 In a decade, the value of U.S.

Valuation 417
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Homebuyers No Longer Spooked by Market Conditions

Appraisal Buzz

“Sellers, especially those who are locked into a low rate, have been waiting for market conditions to change,” said Danielle Hale, Chief Economist, Realtor.com. September 2024: National Housing Metrics Median listing price : (Change over September 2023: -1.0% Metros with Highest Increase in New Listings in September 2024 1.

Marketing 418
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U.S. Rental Markets Experiencing ‘Regional Divide’

Appraisal Buzz

The “last call” for homes before the holiday shopping season ends is being boosted by reduced mortgage rates, which is attracting increased interest from both buyers and sellers. According to Zillow ‘s most recent market report, there was a surge in activity throughout September due to another break in mortgage rates. in September.

Marketing 221
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Sellers Listing Their Homes … But Buyers Aren’t Biting 

Appraisal Buzz

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. Home values are down from year-ago levels in three major metro areas.

Sellers 397
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Buyer Competition Expected to Ramp Up This Fall 

Appraisal Buzz

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. New listings increased by 0.8%

Buyers 396
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Tiburon Home Values (Housing Market Trends and Charts)

Realvals

The charts provided accurately depict the real estate market in Tiburon, California, using data from the local Multiple Listing Service (BAREIS MLS). These charts are updated monthly and include a full year of information, giving a complete view of current market trends in the area. Tiburon Months of Inventory.