Housing Wire

SEPTEMBER 22, 2021

Lawrence Yun, chief economist at NAR, noted in a statement that existing home sales slipped because of rising prices nationwide. “Although there was a decline in home purchases, potential buyers are out and about searching, but much more measured about their financial limits, and simply waiting for more inventory,” Yun said.

Inventory 370

Inventory Buyers Realtors Home Value 370

Housing Wire

APRIL 7, 2021

“The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.” The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S. markets; by December 2020, prices were already up 23.6% Presented by: Propertybase.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

SEPTEMBER 11, 2023

While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories. Conventional wisdom would dictate that the third category, mortgages, will follow if two of the three are negatively impacted.

Inventory 369

Inventory Technology Design Tools 369

Housing Wire

MARCH 23, 2022

Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. “One year ago, 31% of new home sales were priced below $300,000.

Supply Chain 353

Supply Chain Housing Market Buyers Construction 353

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

Sellers 78

Sellers Buyers Home Value Marketing 78

Housing Wire

JANUARY 25, 2023

Long-term mortgage rates responded by rising from 3.25% in early 2022 to over 7.25% in October 2022, more than doubling. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. As inflation eases, so will long term mortgage rates. The overall U.S.

Housing Market 410

Housing Market Marketing Inventory Sellers 410

Housing Wire

MARCH 9, 2021

The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%. By 2021, that number shrank to $24,000.

Home Value 468

Home Value Market Value Brokerage Inventory 468

Housing Wire

FEBRUARY 4, 2022

Housing entered 2022 riding high on several superlatives: the highest-ever annual price appreciation, the lowest-ever active inventory and the fastest monthly rise in mortgage rates since 2016. Our forecast is for home values to rise 16% from December 2021 to December 2022.

Housing Market 353

Housing Market Inventory Home Value Marketing 353

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 404

Marketing Government Mortgage Sellers 404

Eppraisal

SEPTEMBER 20, 2021

Those preparing to reap that return have reason to be glad these days -- home values averaged $676,000 nationwide in June of 2021. Certain realities should be considered when setting expectations for the long-term values of residences. How Many Are Seeking Homes? What about the job market?

Home Value 36

Home Value Sellers Investing Finance 36

Housing Wire

MAY 25, 2021

Home prices accelerated yet again in March, for the 10th straight time. from March 2020, according to the most recent S&P CoreLogic Case-Shiller Home Price Index report. Phoenix saw a 20% year-over-year home price increase, followed by San Diego with a 19.1% In fact, they rose 13.2% increase and Seattle with a 18.3%.

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Supply Chain Inventory Buyers Construction 403

Housing Wire

FEBRUARY 1, 2021

Auctions efficiently ensure the highest and best offer — good for the distressed homeowner, surrounding neighborhood and the mortgage servicer. Pre-foreclosure sales as a foreclosure alternative also benefit neighborhoods by limiting the volume of vacant properties, which drag down surrounding home values. Falling Short.

Buyers 345

Buyers Mortgage Marketing Home Value 345

Houston Properties

JULY 22, 2022

Home Value Of My House: Tips for Pricing Your Houston Home. Asking yourself, "What is the home value of my house in Houston"? Use this Houston home valuation tool from HoustonProperties.com. Value Your Home. Planning to sell your home but overwhelmed with all the steps to take?

Home Value 36

Home Value Real Estate Agent Real Estate Realtors 36

Housing Wire

JUNE 24, 2021

Buyside’s new feature enables the millions of homeowners who are currently receiving a Home Valuation Report from Buyside, to now see a personalized Home Equity Dashboard. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

Valuation 281

Valuation Real Estate Agent Real Estate Clients 281

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

Brokerage 400

Brokerage Real Estate Clients Insurance 400

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Eppraisal

AUGUST 30, 2022

There is a lot of news in the media about the real estate market starting to cool down for sellers and balance out for buyers. If you are a buyer, you may be getting giddy about it. Here are a couple of strategies for buyers to follow in order to secure the houses they have been waiting for. Home values are still going up.

Real Estate 36

Real Estate Buyers Real Estate Agent Marketing 36

Housing Wire

JULY 25, 2023

One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago. The rising costs and lack of availability of homeowners insurance has forced many homeowners and buyers to turn to Citizens Property Insurance Corporation , the state’s insurer of last resort.

Insurance 338

Insurance Housing Market Marketing Agents 338

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . Mortgage production in 2022 nationally was down about 50% from $4.44

Marketing 399

Marketing Investing Investors Landlords 399

Housing Wire

MARCH 8, 2024

With continued demand for home equity investment from homeowners, Burnett is confident that the market is poised for growth in the decade ahead. While Hometap doesn’t directly work with mortgage lenders or real estate brokerages right now, Burnett sees an opportunity for partnership to help buyers’ homeownership in the long term.

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Investing Real Estate Agent Marketing Real Estate 315

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. It only takes a few bad appraisers doing this kind of thing to cause home prices to artificially inflate. Granted, mortgage rates were not terrible. 30-Year Fixed Mortgage Rates from 2000 to today.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Eppraisal

MARCH 13, 2021

The real estate market is hot right now with pent-up buyer demand from 2020. According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Help get you pre-approved for a mortgage. * Help you arrange inspections.

Buyers 36

Buyers Brokerage Contracts Home Value 36

Lamacchia Realty

FEBRUARY 22, 2022

The Pandemic has caused mortgage rates to linger around the 3% range for a while now after having initially dipped into the high twos in what was a historically low number. As it stands, this week kicked off at 3.92%, a level not seen since January of 2020 according to the chart below. Image Source. An eighth of a point increase (.125%)

Mortgage 65

Mortgage Realty Home Value Inventory 65

Birmingham Appraisal

JANUARY 11, 2023

The higher rates resulted in larger mortgage payments which took many buyers out of the market. The dynamics of supply and demand dictate that as demand decreases (because buyers are leaving the market due to higher mortgage payments) prices will drop. Whenever this happens the supply and demand formula is affected.

Housing Market 83

Housing Market Marketing Inventory Sellers 83

Eppraisal

JANUARY 28, 2022

and data from Freddie Mac, low interest rates and limited availability of homes in desired areas led to an overall increase of home prices of 11.3% in 2020 and 16.9% The United States housing market will continue to struggle with a low inventory of homes available for sale in 2022. by the end of 2022."

Marketing 68

Marketing Home Value Real Estate Housing Market 68

Empire Appraisal Group

NOVEMBER 16, 2023

ADUs An accessory dwelling unit (ADU) gives homebuyers a chance to charge rent that offsets their mortgage costs – or helps kids or parents who need housing. A 2020 Freddie Mac study found 1.4 homes with ADUs, though the actual number could be higher because some homeowners build them without permits. million single-family U.S.

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Law Construction Government Buyers 78

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Prior to COVID, i.e. March of 2020, inventory was already falling. Where Have We Been?

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Supply Chain Home Value Inventory Construction 69

PennyMac

SEPTEMBER 2, 2020

VA home loans have many well-known benefits, including low rates and the exciting combination of no down payment and no mortgage insurance. Lenders are able to offer veterans these excellent terms because VA home loans are backed by the U.S. No Private Mortgage Insurance. Department of Veterans Affairs.

Insurance 36

Insurance Finance Government Mortgage 36

Eppraisal

APRIL 5, 2021

Although the real estate market was not immune from the effects of business shutdowns and curtailments in 2020, neither was it hobbled: unprecedented low mortgage rates; strong millennial demand; and the flight from city to suburbs hastened buying and selling in America. Buyers should exploit the low financing rates.

Marketing 36

Marketing Mortgage Finance Home Value 36

Quicken Loans

DECEMBER 16, 2021

Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. With limited inventory, home values are on the rise.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Lamacchia Realty

JUNE 10, 2022

When COVID hit , policy makers flooded the market with all different kinds of stimulus and the Federal Reserve started buying a historic number of mortgage-backed securities to drive mortgage interest rates down. Congratulations, frustrated home buyers ! Home sellers, the market has changed.

Marketing 62

Marketing Sellers Buyers Inventory 62

Eppraisal

JUNE 8, 2021

Record sales, high prices, and lots of competition are only a few of the many challenges' buyers are facing in today's market. The report also indicates that homes are selling at historical speed, with the time on the market for a typical listing dropping down to a low of 43%. Prices Too High Home values are rising.

Marketing 69

Marketing Sellers Buyers Home Value 69

Will Springer Realtor

JANUARY 9, 2024

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. Treasurys and mortgage-backed securities. At the same time, many homeowners are sitting comfortably with low mortgage rates. 14 nationally with 5.5%

Mortgage 36

Mortgage Real Estate Law Lending 36

Lamacchia Realty

FEBRUARY 14, 2023

december 2022 New England housing reports Massachusetts – New Hampshire – Connecticut December Highlights Potential sellers who are locked into low mortgage rates are hesitant to list because they don’t want to lose their low mortgage rate when they apply for a new mortgage for their future purchase.

Real Estate 41

Real Estate Sellers Contracts Buyers 41

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. This fact will give hope to buyers for the long term but what about the more immediate future? Young families are in need of housing so forbidding economic conditions will not be enough to postpone a home purchase.

Real Estate 67

Real Estate Marketing Supply Chain Inventory 67

Cornerstone

SEPTEMBER 3, 2021

This year, homes are continuing to be listed at seasonally-elevated rates later into the summer season, a welcome sign for a tight housing market. ”. For buyers desperately in need of more listings, this is exciting news. Bidding wars and high buyer competition. Bidding wars and high buyer competition.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49