Appraisal Buzz

DECEMBER 10, 2024

Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. Sun Belt Boom Realtor.coms top 10 are all located in the South and West, with multiple markets from three statesTexas, Florida, and Virginia. of their income on housinghigher than the national average of 29.2%.

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Housing Market Marketing Inventory Government 415

Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of dj vu on tap for 2025. million in 2025.

Housing Market 363

Housing Market Marketing New Listings Home Value 363

Appraisal Buzz

OCTOBER 11, 2024

Do rising mortgage rates necessarily trigger an economic recession or vice versa? With six of 10 distinct housing recessions since the 1970s preceding an economic recession (as determined by the National Bureau of Economic Research Business), it is tempting to answer, “yes.” A housing recession does not necessarily kick things off.”

Housing Market 418

Housing Market Marketing Construction Real Estate 418

Housing Wire

DECEMBER 10, 2024

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. Despite two interest rate cuts by the Federal Reserve, mortgage rates rose again and remain stubbornly high. Its a symptom of a market thats transitioning away from sellers.

Housing Market 370

Housing Market Marketing New Listings Sellers 370

Housing Wire

DECEMBER 17, 2024

Homebuyers have become older and wealthier Young people are having a particularly hard time in the housing market. First-time homebuyers face higher barriers than ever before Affordability is near-record lows as mortgage payments for the median-priced home have reached historic highs.

Housing Market 353

Housing Market Marketing Buyers Real Estate 353

Housing Wire

DECEMBER 11, 2024

The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. Elevated mortgage rates have stymied the broader housing market in 2024, but the luxury segment is somewhat insulated from that because wealthy buyers are less likely to need a mortgage.

Housing Market 370

Housing Market Marketing Buyers Real Estate 370

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Mortgage rates continue to move higher and that’s impacting buyers. Frankly, it feels like the housing market is contracting a bit now in November.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

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.

Housing Market 477

Housing Market Marketing Sellers Buyers 477

Housing Wire

SEPTEMBER 12, 2024

Baby boomers are a key constituency for the reverse mortgage industry since they are currently the generation with the largest share of the population at or above the age of 62. A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within the U.S. housing market.

Housing Market 468

Housing Market Marketing Insurance Sellers 468

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.

Housing Market 482

Housing Market Marketing Retail Development 482

Appraisal Buzz

NOVEMBER 25, 2024

Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. Zillow is forecasting that housing market activity will pick up in 2025 – but the big wildcard is mortgage rates, which will remain unpredictable.

Housing Market 365

Housing Market Marketing Buyers Construction 365

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.

Housing Market 459

Housing Market Marketing Property Taxes Inventory 459

Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. However, we need lower mortgage rates to grow sales in a bigger fashion in 2025. However, this year, mortgage rates rose during this timeframe.

Housing Market 284

Housing Market Marketing Inventory New Listings 284

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.

Housing Market 459

Housing Market Marketing Insurance Buyers 459

Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. The after-repair value is the estimated full market value of a property in fully repaired condition.

Housing Market 366

Housing Market Retail Marketing Sellers 366

Appraisal Buzz

DECEMBER 9, 2024

Consumer confidence in the housing market improved significantly in November, rising to a score of 75.0 And a higher percentage say they expect mortgage rates will decrease in the next 12 months. on the Fannie Mae Home Purchase Sentiment Index. Only 23% believe its a good time to buy a home.

Housing Market 369

Housing Market Marketing Mortgage Appraisal 369

Housing Wire

AUGUST 6, 2024

Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down. And there’s justifiable concern as the market has yet to respond to the recent decline in rates. “It’s

Housing Market 487

Housing Market Marketing Brokerage Agents 487

Housing Wire

SEPTEMBER 12, 2024

Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. median monthly mortgage payment in August had declined by more than $100 since peaking in May. Zillow noted that the U.S. Zillow noted that the U.S.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Housing Wire

SEPTEMBER 16, 2024

Real estate and mortgage professionals: Your voice matters! Each quarter, HousingWire will tally the results and compile a report to gauge the market and provide you with valuable market trends, opportunities, and challenges. There is much to learn about the challenges real estate and mortgage professionals are facing.

Housing Market 457

Housing Market Marketing Real Estate Mortgage 457

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market.

Buyers 493

Buyers Marketing Mortgage Real Estate Agent 493

Housing Wire

NOVEMBER 23, 2024

It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage rates started rising in September. Initially, the data showed more robust performance as mortgage rates approached 6%.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Housing Wire

OCTOBER 22, 2024

Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. According to HousingWire ‘s Mortgage Rates Center , the average 30-year conforming rate was 6.61% on Tuesday. 18 to 6.15% on Tuesday. On a yearly basis, prices grew by 6%.

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Sellers Mortgage Marketing Construction 468

Housing Wire

AUGUST 2, 2024

In addition to the slowing job growth, the cooling labor market conditions were also evident in a 0.2 Construction employment showed a small gain, as builders continue to work to add to housing supply given the ongoing shortage,” Mike Fratantoni, the Mortgage Bankers Association’s chief economist, said in a statement.

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Marketing Mortgage Construction Transportation 493

Housing Wire

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. Remember that we track housing data differently than the NAR, but these are the big four from their report. However, that didn’t happen. This is something to think about for 2025.

Mortgage 492

Mortgage Housing Market Inventory Contracts 492

Housing Wire

DECEMBER 19, 2024

Its late December so all the 2025 mortgage rate forecasts have been published. Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The most optimistic predictions assume 2025 will see mostly low 6s for the 30-year fixed rate mortgage. Unfortunately, all of them are already wrong.

Mortgage 435

Mortgage Housing Market Marketing Realtors 435

Housing Wire

DECEMBER 20, 2024

Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. I do not think this trend will go away overnight, even with mortgage rate stability and new inventory in the market.

Real Estate 230

Real Estate Housing Market Marketing Realtors 230

Housing Wire

NOVEMBER 30, 2024

Despite initial concerns that tariffs would push mortgage rates up to 8% and reduce housing demand, this week has brought some encouraging news. The 10-year yield has remained stable at a crucial technical level and even reversed direction, resulting in improved mortgage rates. This is what happened in the last two years.

Mortgage 518

Mortgage Inventory New Listings Contracts 518

Housing Wire

DECEMBER 6, 2024

Mortgage rates fell this week and they are now far from the levels widely discussed after the election. With the final jobs report for 2024, mortgage rates made a nice move lower today, and its been a positive story this week. Economic data has played a significant role in the market, unlike speculative theories.

Mortgage 468

Mortgage Housing Market Retail Marketing 468

Housing Wire

DECEMBER 20, 2024

Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash. Same with the iBuyers. Theyve dropped out a lot.

Investors 247

Investors Housing Market Marketing Real Estate 247

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while.“ Housing completions also grew by 15.5%

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Housing Wire

JULY 23, 2024

Today’s existing home sales report shows that the existing home market is now almost balanced. We are very close to getting this balance nationally and in some markets we’re already there. million as a balanced market, but this equation has a second variable tied to today’s housing economics: affordability.

Marketing 493

Marketing Inventory Housing Market Buyers 493

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. in Q1 2022, when investors were taking advantage of low mortgage rates. As the U.S. Now there’s a middle ground. of investor purchases.

Real Estate 488

Real Estate Investors HOA Housing Market 488

Housing Wire

SEPTEMBER 1, 2024

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. Weekly inventory change (Aug.

Inventory 538

Inventory Mortgage New Listings Housing Market 538

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. It will likely take mortgage rates to go under 6% and stay there for an extended period to get real sustained demand growth from record-low sales levels.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Appraisal Buzz

NOVEMBER 1, 2024

A recent WalletHub report sheds light on mortgage delinquency rates across 100 U.S. Based on data collected between Q1 and Q2 of 2024, WalletHub’s study ranks cities according to the proportion of mortgage holders behind on payments, a critical metric in assessing financial strain within communities. The post Which U.S.

Mortgage 435

Mortgage Housing Market Appraisal Marketing 435

Housing Wire

AUGUST 6, 2024

The downward movement in mortgage rates over the past few months accelerated last week as a cooler-than-expected jobs report and indications of a Federal Reserve rate cut led to a steep drop in loan pricing. Several reported that mortgage rates rose again on Tuesday due to weaker mortgage-backed securities prices.

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Mortgage Government Tools Lending 505