Housing Wire

MARCH 31, 2021

As work-from-home becomes more of a national norm, prospective homebuyers are seeking better home values in small towns that still offer a lot of amenities. Per Realtor.com , homes are being sold at an average of $111,000 in Bay City, and the average listing price per square foot is only $75. compared to 2020.

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Housing Wire

FEBRUARY 10, 2021

Zillow also announced it has agreed to pay $500 million to acquire ShowingTime , which makes software for prospective buyers to arrange showings with agents. The Seattle-based company , which has mostly pivoted from selling advertising to real estate agents into iBuying, acquired 1,789 homes in the fourth quarter. million – up 25.8%

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Home Value Advertising Real Estate Agent Real Estate 393

Housing Wire

OCTOBER 3, 2022

Skyrocketing mortgage rates – now in the 7% range for some buyers – and limited inventory have driven mortgage affordability to its lowest levels since the early 1980s, a reversal from the frenetic boom in buying during 2020 and 2021. That monthly payment is up $930 from August 2021, a 73% increase. With mortgage rates at 6.7%

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Inventory Home Value Housing Market Mortgage 523

Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance. Therefore, it begs the question: what will happen to home values?

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Sellers Marketing Market Value Home Value 435

Housing Wire

JULY 21, 2021

Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My in the first quarter of 2021, according to the Census Bureau.

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Real Estate Investors Market Value Home Value 457

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.

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Housing Wire

NOVEMBER 22, 2023

The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values. Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. 2019 level.

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Inventory Home Value Housing Market Buyers 410

Appraisal Buzz

APRIL 2, 2024

hit in the first quarter of 2021. With home values mostly up annually throughout the U.S., It’s also more expensive to own a home: In almost a third of the markets analyzed, major expenses currently consume at least 43% of average local wages – an amount considered seriously unaffordable. That is down from 33.2%

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Property Taxes Insurance Home Value Buyers 195

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

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Buyers Housing Market Real Estate Agent Real Estate 538

Housing Wire

MARCH 9, 2021

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. 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.

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Home Value Market Value Brokerage Inventory 470

Housing Wire

JANUARY 3, 2024

That’s a problem when a typical Colorado home – as defined by Zillow ‘s Home Value Index – costs more than $528,000. When teachers can’t afford to buy homes, school districts can’t hire teachers. Other districts have adopted the same approach.

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Landlords Home Value Construction Renovations 435

Housing Wire

MAY 24, 2023

For many buyers, closing day represents the beginning of the next chapter in their lives – having a new place to celebrate important milestones and create new memories. Unfortunately, as buyers are preparing for this momentous day, wire fraud – a scam in which cybercriminals attempt to steal buyers’ hard-earned money – poses a serious threat.

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Real Estate Buyers Real Estate Agent Sellers 362

Lamacchia Realty

DECEMBER 31, 2021

They won’t be living there much longer so spending money on upgrades that don’t increase home values by astronomical amounts and ones that they won’t be able to enjoy for a long period of time tends to deter many individuals. The first photo buyers look at when shopping for homes should be of an inviting, well taken care of home.

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Buyers Renovations Realty Technology 73

Lamacchia Realty

APRIL 24, 2023

ATTRACT MORE BUYERS WITH ENERGY EFFICIENT UPGRADES With monthly utility bills being a nagging cost all year long for homeowners, home buyers are more aware than ever about energy-efficient features within prospective homes. 81% of buyers desire Energy Star-rated appliances.

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Buyers Real Estate Agent Realty Home Value 64

Housing Wire

MARCH 23, 2022

At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 from a month prior and a 40% increase from the February 2021 level. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. months supply. after a 10.4%

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Supply Chain Housing Market Buyers Construction 360

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?

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Housing Wire

NOVEMBER 18, 2022

months in October 2021. Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said. “In In October, 24% of homes received over the asking price. Conversely, homes sitting on the market for more than 120 days saw prices reduced by an average of 15.8%.”. ” .”

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Housing Market Marketing Inventory New Listings 393

Housing Wire

SEPTEMBER 11, 2023

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. How has the foreclosure-related regulatory landscape changed since 2020 and 2021? By September 2021, however, there was still much foreclosure reluctance.

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Inventory Technology Design Tools 376

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?

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Home Value Real Estate Agent Real Estate Realtors 36

Housing Wire

JANUARY 7, 2022

The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year.

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Housing Market Marketing Real Estate Agent Agents 333

Listing Spark

FEBRUARY 24, 2021

Well folks, if you’re wondering if the market has cooled off at all now that we have rolled in to 2021, it hasn’t. This measures how long it would take for every current home on the market to sell, if no more new homes came on to the market at all. to 3,626 Median Home Value: up 15.8% Dallas/Fort Worth.

Real Estate 69

Real Estate Marketing Inventory Sellers 69

Housing Wire

JANUARY 25, 2023

After blowing past the 2% core inflation target in April 2021, it continuously rose for 18 months until peaking in September 2022. We can also expect low housing demand, which favors buyers. Since the COVID-19 pandemic lockdowns of 2020, inventory has dropped to record-low levels both in 2021 and 2022. It did not hit 6.7%

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Housing Market Marketing Inventory Sellers 414

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

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Lending Home Value Mortgage Renovations 419

Housing Wire

FEBRUARY 4, 2022

Our forecast is for home values to rise 16% from December 2021 to December 2022. One of the main headwinds for buyers — higher mortgage rates — will also dissuade some sellers who want to avoid paying more interest on their next home purchase. Zillow’s answer: price growth won’t slow much, at least not nationally.

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Housing Market Inventory Home Value Marketing 358

Housing Wire

MAY 4, 2022

Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. To register for the HW+ event, go here.

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Housing Market Finance Marketing Mortgage 343

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

Housing Wire

MAY 9, 2022

Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates , reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. . Compared with April 2021, rate-and-term refinances were down 89.2%. in April from the previous month. from a year earlier.

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Mortgage Home Value Buyers Lending 369

Housing Wire

JULY 14, 2021

For the first time in a year, the number of buyers who locked in mortgage rates to purchase a second home fell in June. Per a recent Redfin study , second home mortgages saw a year-over-year decrease of 11.1%. Home prices in seasonal towns, meanwhile, rose 28% year over year to $468,000 in June.

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Home Value Contracts Lending Mortgage 433

Housing Wire

OCTOBER 20, 2022

This is the first decline in home prices in almost three years, down from 57.6% in the second quarter, with median national home values dropping 3% quarterly to approximately $340,000, the report said. Despite this drop, investment returns for home sellers is still up from 48.8% of sales in Q3 of 2021.

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Sellers Investing Housing Market Real Estate 373

Housing Wire

DECEMBER 5, 2022

In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. It boxed out many first-time homebuyers who found themselves unable to compete against buyers willing to place a non-contingent offer above full price.

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Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in November, down from a 9.2%

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Marketing Government Mortgage Sellers 404

Housing Wire

JUNE 10, 2022

Affordability concerns were also reflected in USMI’s 2021 National Homeownership Market Survey, which reported that 69% of Americans say lack of affordable housing is the biggest homebuying challenge. Buyer morale is at an all-time low for good reason. points year-over-year with only 24% of consumers saying now is a good time to buy.

Real Estate 344

Real Estate Buyers Mortgage Insurance 344

Housing Wire

MARCH 10, 2021

In a study of counties that have seen the largest uptick of homebuyers – and, subsequently, home value – the top 10 are all in either vacation destinations or relatively affordable suburbs of big cities. Home prices increased 36% year over year. Redfin reported that homes in San Francisco cost on average $1.34

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Real Estate Real Estate Agent Agents Home Value 545

Housing Wire

DECEMBER 16, 2022

For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage. nationally since 2004 and roughly 5% the past two years, based on the most recent industry data from 2021. Recently, an attorney shared with me how one of her clients purchased a home in Connecticut.

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Insurance Government Legal Fees Real Estate 464

Lamacchia Realty

SEPTEMBER 22, 2023

Single families: $559,314 (2022) | $621,869 (2023) Condominiums: $293,165 (2022) | $335,346 (2023) Homes Listed For Sale: T he number of homes listed is down by 14.5% 2023: 3,452 2022: 4,202 2021: 4,828 Data provided by SmartMLS then compared to the prior year. when compared to July 2022.

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Real Estate Sellers Realty Home Value 60

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.

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Insurance Housing Market Marketing Agents 346

Lamacchia Realty

DECEMBER 8, 2021

The Federal Housing Finance Agency (FHFA) has announced that the baseline conforming loan limit will increase a record 18% to $647,200, which is an increase of $98,950 from $548,250 in 2021. home price. Why are Home Prices so high? What to Know as a Buyer. Buyer Resources. April 8, 2021. Read More ».

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