Housing Wire

JUNE 24, 2024

Inventory grew by almost 14,000 homes this week. Available inventory of unsold homes continues to grow but that growth in seems a bit less intense than it could be. housing market is seeing that now. He expects the second half of the year to see even more inventory growth. Inventory increases by 2.2%

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Inventory Sellers New Listings Property Taxes 455

Appraisal Buzz

MARCH 12, 2025

homeowner stays in their house for 11.8 years, but homeowners in Californiawhere Proposition 13 can lock owners into low property-tax ratesare staying put much longer. In Los Angeles, where homeowners hold onto their houses longer than any other U.S. A new study by Redfin has found that the typical U.S.

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Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. year-over-year. year-over-year. Presented by: Radian.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

NOVEMBER 22, 2024

“Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housing market. What’s more, operating costs for apartment and SFR (single-family rental) operators are up significantly since 2019 due to higher property taxes, insurance, and payroll costs.

Marketing 370

Marketing Housing Market Property Taxes Construction 370

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 435

Inventory Renovations Supply Chain Buyers 435

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. on an annualized basis, according to Fannie Mae , to as much as 20%, according to some market forecasts.

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Housing Market Marketing Construction Development 545

Housing Wire

JULY 23, 2024

Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% In spite of rapidly rising inventory, high prices and mortgage rates are still keeping buyers at bay. of homes that went under contract.

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Buyers HOA Property Taxes Inspection 459

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 397

Housing Market Renovations Marketing Retail 397

Housing Wire

SEPTEMBER 5, 2024

Housing markets across the country have stalled due to elevated mortgage rates and limited for-sale inventory , but some counties are at risk of a more dramatic downturn. The housing market boom continues to gain momentum, thanks to another [seasonal] boost,” Attom CEO Rob Barber said in a statement.

Property Taxes 448

Property Taxes Housing Market Insurance Inventory 448

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. For now, though, the low inventory means housing starts have legs to move higher. New Home Supply.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

JUNE 17, 2024

The analysis of historic home prices, income levels and mortgage rates found that baby boomers — Americans between the ages of 60 and 78 this year — “arguably faced the toughest housing market ever for first-time buyers.“ It assumed a 10% down payment and did not factor in property taxes or homeowners insurance.

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Housing Market Property Taxes Inventory Buyers 497

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. The bearish take is that there are many more sellers than buyers and inventory is rising. housing market at the end of April 2024. Housing inventory There are now 556,000 single-family homes on the market.

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Sellers Marketing Inventory Contracts 508

Housing Wire

DECEMBER 3, 2020

The bill is expected to add $2 billion to California’s coffers annually, and homeowners with disabilities, seniors looking to move for health reasons, and empty nesters looking to downsize could receive property tax breaks when buying a new home, CAR officials said. The state’s going to make a lot of money.”.

Property Taxes 428

Property Taxes Realtors Law Inventory 428

Appraisal Buzz

JULY 12, 2024

MortgagePoint recently had the opportunity to chat with Cullen to discuss the nation’s housing shortage issue and actions that can be taken to remedy this situation. housing inventory so tight right now, how can vacant properties play a role? Q: What is the downside of vacant properties? Q: With U.S.

Inventory 221

Inventory Supply Chain Construction Property Taxes 221

Housing Wire

MARCH 10, 2022

However, if you’re a young renter and looking to buy a house a few years away, this makes savings for a downpayment much more of a problem. On top of all that, since inventory is at all-time lows, it’s been harder and harder for first-time homebuyers to win some bids because they don’t have more money to bring into the bidding process.

Inventory 543

Inventory Property Taxes Mortgage Insurance 543

Housing Wire

FEBRUARY 15, 2024

housing market for multiple reasons, Redfin said. Homeowner tenure is projected to remain flat, but a larger share of homeowners remaining in place is also contributing to an inventory shortage, according to the report. Less than 7% of millennials have been in their homes for at least 10 years.

Property Taxes 488

Property Taxes Insurance Construction Inventory 488

Appraisal Buzz

JULY 1, 2024

High interest rates and housing prices have priced millions of potential buyers out of the housing market, while the number of renters with cost burdens is at an all-time high, according to a new study released by Harvard University’s Joint Center for Housing Studies. of elderly homeowners. the previous year.

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Construction Inventory Property Taxes Insurance 415

Housing Wire

SEPTEMBER 11, 2024

Even though Milwaukee is among the most affordable housing markets in the country, homes there are affordable to a lot fewer people now. HousingWire used data from a recent ATTOM Data Solutions report on affordability to illustrate the most and least affordable housing counties in the country. Today that ratio is 31%.

Mortgage 468

Mortgage Insurance Inventory Buyers 468

Housing Wire

OCTOBER 21, 2024

Many hoped these cuts would lead to lower borrowing costs and re-energize the for-sale housing market, yet home borrowing costs have only marginally dipped. While many markets are chronically plagued by a housing shortage and low inventory, others are struggling with a rising oversupply and stalled sales.

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Real Estate Marketing Insurance Property Taxes 493

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said.

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Marketing Mortgage Inventory Loan Officers 396

Housing Wire

JULY 18, 2023

High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. As a frame of reference, a 20/1,000 turnover rate is a fairly typical for the modern housing market. A more active market would have a rate closer to 40 or 50 for every 1,000 homes.

Inventory 370

Inventory Property Taxes Buyers Modernization 370

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. in first quarter to 27.5% It remained way below the 44.6% hit in the second quarter of 2021.”

Investors 447

Investors Investing Inventory Real Estate 447

Appraisal Buzz

JULY 10, 2024

These results demonstrate positive sentiment toward the housing market despite growing prices and current interest rates. According to the survey, younger generations exhibit even greater optimism: 84% of Gen Z and 68% of Millennials feel that owning a home is still achievable despite growing housing costs.

Property Taxes 367

Property Taxes Finance Lending Housing Market 367

Housing Wire

APRIL 11, 2022

However, if you’re a young renter and looking to buy a house a few years away, this makes savings for a downpayment much more of a problem. On top of all that, since inventory is at all-time lows, it’s been harder and harder for first-time homebuyers to win some bids because they don’t have more money to bring into the bidding process.

Inventory 418

Inventory Property Taxes Mortgage Insurance 418

Housing Wire

JULY 24, 2024

Four months and a slew of compromises later, the buyers got their house, but it was 50 minutes away from their place of work. Caruso said this is indicative of the markets in Indiana, where low inventory, high interest rates and inflationary pressure are still making it hard for clients to find — and afford — a home to buy.

Marketing 448

Marketing Realtors Buyers Property Taxes 448

Appraisal Buzz

JULY 29, 2024

In spite of current market conditions, Gen Z and Millennials in the U.S. Interest rates, home prices, and inventory levels have all fluctuated in the housing market during the last few years. According to the survey, current market conditions aren’t making potential buyers change their minds about making a purchase.

Real Estate Agent 383

Real Estate Agent Marketing Real Estate Property Taxes 383

Housing Wire

DECEMBER 6, 2024

Graphics and statistics NAR.com Detailed market insights, research, and statistics from the real estate industry, legal news, marketing tips, and tools. RealTrends.com Housing market data by city and state, agent news, and advice.

Real Estate 396

Real Estate Clients Tools Sellers 396

Housing Wire

AUGUST 24, 2023

What does it mean for the housing market ? At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.”

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

MAY 17, 2023

At that margin, ATTOM notes, the cost of renovations, property taxes, mortgage interest and other expenses — which in total consume 20% to 33% of the resale value — could easily cancel out any return on investment for the flipper. housing market.” People are calling it the Great Renovation.

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Finance Marketing Renovations Investors 370

Miller Samuel

MARCH 19, 2019

That article came out in 2014 right as the housing market was peaking. Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices. And it is a marginal rate tax - only the amount above each threshold is taxed.

Real Estate 370

Real Estate Law Development Investors 370

Cleveland Appraisal Blog

FEBRUARY 17, 2021

As January rolls around each year, homeowners begin receiving their property tax bills. That’s why my tax appeal work often picks this time of the year. Property values have been increasing in many areas for years, with 2020 being a record year for home appreciation in many neighborhoods.

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Appraisal Clients Inspection Market Value 217

Eppraisal

FEBRUARY 22, 2022

This is especially true when housing inventories are low -- a perfect illustration of money supply outpacing economic growth. Mainstream wholesalers are often most interested in distressed properties so it is doubtful that inflation will significantly make purchases cost prohibitive. What about investors, who both buy and sell?

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Housing Market Marketing Property Taxes Home Value 36

Housing Wire

JANUARY 19, 2025

The sight of beautiful houses in Los Angeles transports you to an idyllic version of the city found in classic Hollywood movies. But the harsh realities of its pricy housing market more resemble the citys dark underbelly reflected in a David Lynch LA noir film. But homeowners do have a few options for relief.

Property Taxes 397

Property Taxes Insurance Valuation Transportation 397

Will Springer Realtor

MARCH 14, 2022

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. So far, five pieces of Washington real estate and housing legislation have passed both houses of the state Legislature and are with the Governor. Condo inventory is not much better. There is 0.6 Thanks for reading!

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Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

FEBRUARY 13, 2025

Some believe this has more to do with policy changes aimed at helping increase inventory. They’re shrinking the amount of lot [land] that we can cover with a new house, said Randy Ginn of Bellevue, Wash. The King County Assessor’s Office does not adjust property taxes right after a sale.

Property Taxes 36

Property Taxes Design Buyers Market Value 36

Will Springer Realtor

NOVEMBER 9, 2022

The housing market in and around King County was moving along swimmingly at the start of 2022, with homes selling briskly and buyers taking advantage of interest rates in the 3s. and jump in mortgage rates of 4 percentage points has created a housing market belly flop. We are in a new phase of the housing market cycle.

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New Listings Housing Market Inventory Buyers 36

Chicagoland Appraisal Blog

APRIL 3, 2020

“Generally, the higher the price point, the longer the time on the market.”. in 2019 over the previous year, perhaps an effect of high property taxes, falling population, and an excess of homes after the mid-2010s construction boom. How to price your Chicago home and time your listing just right.

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Real Estate Agent Architecture Modernization Buyers 78