Appraisal Buzz

NOVEMBER 8, 2024

In over half of the Opportunity Zones examined, median prices rose by more than 10 percent a year as the country’s protracted housing market bubble persisted. Regardless matter whether the housing market has experienced a sharp upturn, a slight improvement, or a slight decline, that pattern has persisted.

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Appraisal Buzz

SEPTEMBER 20, 2024

housing market is experiencing significant variability, with some cities seeing homes fly off the market while others are witnessing prolonged delays. As of July 2024, the average home spends 35 days on the market, but this figure varies widely depending on the location. The city’s 104.1% above asking price. Wichita’s 4.9%

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Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. This diversity allows for a comprehensive understanding of the market dynamics.

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Sacramento Appraisal Blog

OCTOBER 2, 2024

And even the housing market feels a bit like the ’90s. Big pants, Nirvana t-shirts, and Doc Martens. Let’s talk about it.

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Appraisal Buzz

AUGUST 14, 2024

homebuyers as a strong economy bolsters the housing market, according to the Realtor.com 2024 Forecast Update. Housing inventory on the rise Inventory shortages, a significant hurdle for the housing market in recent years, appear to be easing. Mortgage relief is on the horizon for U.S.

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Housing Wire

OCTOBER 7, 2024

Ironically, a strong employment situation in the country drives the bond market to higher rates. The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. The median price of all the homes on the market is now $440,000, that’s unchanged from last year.

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Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. Watch the video above to get the latest housing market update from Altos Research. Inventory is 1.2%

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Sacramento Appraisal Blog

JANUARY 23, 2024

The housing market has 80s vibes. The 90s are back for clothing, but it’s the early 1980s when it comes to housing narratives. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on […] The post The housing market has 80s vibes first appeared on Sacramento Appraisal Blog.

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Sacramento Appraisal Blog

MARCH 14, 2024

I heard the best description of the market this week. I mean, how can you go wrong when relating the housing market to nachos? UPCOMING SPEAKING GIGS: 3/19/24 WCR Gold Country (details here) 3/21/24 2024 […] The post The housing market is like nachos first appeared on Sacramento Appraisal Blog.

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Appraisal Buzz

JULY 26, 2024

According to the opinions of LendingTree staff writer Jacob Channel, with steep housing costs, some Americans may recall the dramatic price surges of the early to mid-2000s, which preceded the Great Recession of 2007-2009. 13,868,075 housing units are vacant. Across the U.S., Of that amount, only 0.33% are empty because of foreclosure.

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Housing Wire

NOVEMBER 12, 2024

retailer by market capitalization reported $40.2 housing market isn’t in rapid expansion, there’s still underlying stability as homeowners continue to spend on maintenance, necessary upgrades and other smaller projects. The world’s largest home improvement retailer and fourth-largest U.S. Revenue was up 6.6%

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Appraisal Buzz

NOVEMBER 20, 2024

According to the latest data from Zillow , homebuyers are gaining leverage in negotiations across the nation, as competition in the housing market eased in October. Zillow’s market heat index indicates competition nationwide is creeping closer to becoming a buyers’ market, as activity begins to wind down for the winter.

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Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. What could make home prices decline?

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Appraisal Buzz

AUGUST 14, 2024

markets that have the “it” factor, as Columbus, Ohio; Knoxville, Tennessee; and Louisville, Kentucky claimed the top three spots in terms of popularity with online searchers over the past year. Coming in second on the list was Knoxville, Tennessee, recognized as a top emerging housing market in both Summer and the Fall of 2023.

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Housing Wire

DECEMBER 23, 2023

housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. This is a big Merry Christmas gift for the housing market. We might see some decent movement in the bond market next week.

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Housing Wire

SEPTEMBER 12, 2024

housing market. This means that baby boomers have the most economic power when it comes to housing markets, as sellers are more likely to accept offers where financing is least likely to fall through.” Retirement often signals a major shift in a person’s life.

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Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb.

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Housing Wire

JULY 29, 2024

Warmer summer weather has brought cooler housing market conditions to Montana. The market right now just feels like it’s a bit lukewarm,” said Brian Huskey , a Billings, Montana-based ERA American Real Estate agent. Altos considers anything above a Market Action Index score of 30 to be a seller’s market.

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Housing Wire

OCTOBER 24, 2024

The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform. While 45% said current market conditions were not impacting their desire to purchase distressed property, 34% said conditions were detrimental to their decisions.

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Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

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Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. million in May.

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Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. As a result, home prices were stagnant for much of the decade following the Great Recession, but the pandemic unleashed unprecedented volatility to the Chicago market. I know that some of the U.S.

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Housing Wire

DECEMBER 26, 2022

Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. housing market and economy. This weekly tracker will give you updates on the data lines that don’t need to wait for monthly housing data reports. . Housing market inventory.

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Housing Wire

SEPTEMBER 6, 2024

To that end, Veterans United Home Loans conducted a study to find which housing markets are best for current and former military members in these two generations. It concluded that the most favorable markets are on the East Coast and in the Midwest. The city that topped the list is Tampa. and the quality of life score ranks No.

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Housing Wire

OCTOBER 8, 2024

The strength of the storm has prompted officials to call for an evacuation, one that has already had a stark impact on the city’s housing market. People trying to get out of the way of a major hurricane aren’t overly concerned with putting their house on the market. New listings in Tampa were at 775 on Sept.

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Sacramento Appraisal Blog

MAY 2, 2024

Look, some people really hype this topic and use it to magnify […] The post Some red flags for the housing market first appeared on Sacramento Appraisal Blog. I have both national and local stats. Sounds like a happy post, right?

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Sacramento Appraisal Blog

APRIL 16, 2024

Everyone is entitled to an opinion, but I find some people sounding off about housing seem disconnected from the actual market. I want to talk about that below and share some trends. Skim by topic or digest slowly.

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Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.

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Appraisal Buzz

NOVEMBER 7, 2024

With rent growth expected to remain modest in 2025, more consumers may be seeking – and finding – attractive deals in the rental market as they continue saving toward a future home purchase.” The post Consumers Feeling Better About Housing Market Despite High Home Prices first appeared on The MortgagePoint.

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Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. This implies that there are more than enough buyers at these prices and these mortgage rates to keep activity happening in housing. As of right now the housing market is growing.

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Housing Wire

JULY 26, 2024

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months.

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Appraisal Buzz

JULY 9, 2024

year-over-year, according to Realtor.com June housing data. The median home also spent 45 days on the market, an increase of two days over the previous year. The market is trending slightly in the direction of becoming more buyer-friendly thanks to these factors. Median listing price: (+0.0% percentage points to 18.3%) (+1.3

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Housing Wire

NOVEMBER 14, 2023

Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research. Here are some key housing market data takeaways: Inventory peaks for the year There are 567,000 single-family homes on the market, which is unchanged from last week.

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Housing Market Marketing Inventory Contracts 467

Appraisal Buzz

JUNE 28, 2024

Unfortunately for home shoppers, affordability is still a big challenge in the current housing market, but for the Sandwich Generation, family support is providing a helping hand when it comes to finances,” said Laura Eddy, VP Research and Insight for Realtor.com. Click here to read the report in its entirety.

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Housing Wire

JULY 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024. Right now, there are 40% more homes unsold on the market than last year at the end of July.

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Appraisal Buzz

MAY 31, 2024

elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} A new analysis by Zillow has found that Phoenix is the best market for this year’s college grads, featuring a combination of rental affordability and concessions, job prospects, and neighbors in their 20s for the class of 2024 to start life’s next chapter on a high note.

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Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020.

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