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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 up from year-ago levels in 46 of the 50 largest metro areas.

Sellers 397
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Opinion: The end of seller speculation in US housing market

Housing Wire

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. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

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Buyer Competition Expected to Ramp Up This Fall 

Appraisal Buzz

Measuring Inventory & New Listings MoM New listings decreased by 1.1% New listings increased by 0.8% New listings are 21.3% For-sale inventory (the number of listings active at any time during the month) in August increased by 0.2% home this month was listed at $362,143.

Buyers 396
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Homebuyers No Longer Spooked by Market Conditions

Appraisal Buzz

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6%

Marketing 418
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Housing Market Nears $50T Valuation Milestone

Appraisal Buzz

Chen Zhao, Redfin’s Economics Research Lead, predicts that the market will likely surpass $50 trillion within the next 12 months due to a lack of new listings keeping prices elevated. have joined New York City, Los Angeles, Atlanta, and Boston in the trillion-dollar club. New Brunswick’s total home value surged 13.3%

Valuation 417
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Coastal California metros were the priciest  in March: Zillow

Housing Wire

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. New Orleans, San Antonio, Tampa, Orlando and Jacksonville are among the locales that posted the slowest month-over-month price growth in March.

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When Is the Best Time to Purchase a Home?

Appraisal Buzz

During this week, Realtor.com found that buyers could save in excess of $14,000 compared to summer’s peak price on the median priced home and could see as much as 37% more inventory than at the start of the year. home value is presently $362,481, up 3.3% According to Zillow , the average U.S. over the past year.

Inventory 397