Housing Wire
DECEMBER 7, 2024
Last week, we witnessed a Santa Claus rally in mortgage rates alongside improved housing demand. The economy continues to create jobs, with wages growing at an annual rate of 4%. We also see growth in our pending contract data compared to 2022 and 2023. Additionally, the purchase application data delivered another pleasant surprise with positive results.
Appraisal Buzz
DECEMBER 6, 2024
A recent analysis of Federal Housing Finance Agency (FHFA) data by the Urban Institute dispels the myth that manufactured homes do not appreciate as much as site-built homes. The report , which includes government-sponsored enterprise (GSE) mortgage data for manufactured homes, reveals that between 2000 and 2024, manufactured homes appreciated at nearly identical rates to site-built homes, growing approximately 5% annually.
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Housing Wire
DECEMBER 5, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Are you looking to add a dose of inspiration, humor and expertise to your Instagram feed? From luxury property tours to laugh-out-loud real estate memes, these 21 agents and influencers bring the best of the industry right to your phone.
Appraisal Buzz
DECEMBER 5, 2024
The recent surge in immigration to the United States has ignited discussions about its potential effects on the housing market, particularly concerning housing costs. This conversation is especially pertinent amid an ongoing affordability crisis, where approximately half of renters are cost-burdened, and many individuals are being priced out of homeownership.
Real Estate News
DECEMBER 4, 2024
Federal policy changes could impact real estate in surprising ways, but economists are predicting fairly modest shifts in the new year.
Sacramento Appraisal Blog
DECEMBER 10, 2024
Real estate prices are going to tank. We’ve been hearing that since 2020, and here we are without much change in most markets. Let’s talk about prices today, and I want to share some new visuals to talk about distressed sales. Scroll quickly by topic or digest slowly. UPCOMING SPEAKING GIGS: 12/18/24 Coldwell Banker Sierra […] The post The home price crash that hasnt come first appeared on Sacramento Appraisal Blog.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
DECEMBER 4, 2024
Damian Eales sees Zillow as both a top competitor and an important partner, and explains why he has continued to “call out” Homes.com.
Inman
DECEMBER 5, 2024
Tune into Inman Access to elevate your skills and refine your video marketing strategy to grow income, leads and credibility.
Eyes on Housing
DECEMBER 5, 2024
House prices posted modest annual growth for the third quarter of 2024, as elevated mortgage rates kept many potential home buyers away from the housing market. Nonetheless, housing inventory has improved in recent months. Nationally, house price appreciation has decelerated for two straight quarters. According to the quarterly all-transactions House Price Index (HPI) released by.
Housing Wire
DECEMBER 9, 2024
Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Two and a half years. As we look into 2025, the question everyone is asking is: Do we have a new era starting? Does the housing market start to get back to normal? What can the data today tell us about signals for growth or weakness after the new year?
Appraisal Buzz
DECEMBER 5, 2024
ATTOM has released its latest Special Housing Market Impact Risk Report , a study examining county-level housing markets around the U.S. that are more or less vulnerable to declines, based on home affordability, equity, and other measures in the third quarter of 2024. The report shows that California, New Jersey, and Illinois once again had high concentrations of the most-at-risk markets in the country, with parts of Florida also joining that mix.
Real Estate News
DECEMBER 5, 2024
Purchase applications and home tours are on the rise as rates drop to the lowest level in six weeks.
Inman
DECEMBER 10, 2024
Ahead of a debate on the CCP at Inman Connect New York, the CEO of NextHome says whether sellers agree to hold their listing off of the MLS depends on the agent's influence.
Eyes on Housing
DECEMBER 9, 2024
Mortgage rates climbed in November, driven by market volatility and a surge in Treasury yields following the recent elections. On the day after the election results, the 10-year Treasury yield spiked by 14 basis points (bps), setting the stage for further rate increases throughout the month. According to Freddie Mac, the average rate for a.
Housing Wire
DECEMBER 7, 2024
Rapid changes in mortgage rates have left many would-be homebuyers asking: Is now a good time to buy? Will prices go up or down? Will mortgage rates and affordability improve or get worse? There is no perfect time to buy, of course. But there are specific factors homebuyers should weigh as they determine their timing. Patricia Maguire-Feltch, managing director of consumer origination sales at Chase Home Lending, says that realistic evaluation is key when making the big step to buy.
Appraisal Buzz
DECEMBER 5, 2024
Down payment shares peaked early this year, in Q2 2024 versus the normal Q3 trend, according to Realtor.coms bi-annual down payment report. Nationwide, down payments in Q3 of 2024 averaged 14.5% with a median down payment of $30,300, down from Q2 2024s historical peak of 14.9% and $32,700. Overall, 2024 was down year-over-year as easing mortgage rates improved affordability conditions.
Inman
DECEMBER 5, 2024
New commission rules offer brand new opportunities for working with buyers. California broker Cindi Hagley offers ways to embrace change and prosper.
Empire Appraisal Group
DECEMBER 5, 2024
Benefit of Elevated Homes Stands Out Source: [link] By Charles Rabin Homes built to newer elevated construction standards fared better than older structures after the past two hurricanes. PORT CHARLOTTE, Fla. – Marilyn Gladish spent Friday picking trash from the wet goo that had accumulated on her front lawn while workers power washed mud that had infiltrated her ground-floor garage.
Housing Wire
DECEMBER 5, 2024
Why most teams struggle to scale Scaling a real estate team to $100 million in production is a daunting challenge, but the biggest roadblock isn’t market conditions or competition — it’s outdated strategies. Many team leaders fall into the trap of simply working harder, hoping that hustle alone will create results. Without systems and processes that support consistent growth, teams often hit a plateau, leaving leaders frustrated and burnt out.
Appraisal Buzz
DECEMBER 4, 2024
American homeowners poured $827 billion into home improvement projects during the two-year period ending in 2023, according to the latest U.S. Census Bureau American Housing Survey. This marks an increase of more than $200 billion compared to the previous survey period, with total projects rising by 4%. Average project costs also climbed, reflecting not only inflation in raw materials and labor, but also a shift toward professionally completed renovations.
Inman
DECEMBER 4, 2024
EXp Realty has secured another headline-making recruit, with "Real Housewives of Orange County" star Gina Kirschenheiter and her partner, Travis Mullen, joining the company as team leaders of The Gated Group.
GoForrmz
DECEMBER 5, 2024
How tech solutions are transforming the 2025 real estate landscape The real estate industry is evolving rapidly, and with 2025 on the horizon, the technological advancements, and general market, show no signs of slowing down. Thankfully, technology will continue to play a pivotal role in not only advancing access and tools but also streamlining real estate processes and improving customer experiences.
Housing Wire
DECEMBER 5, 2024
As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. Per a release from the companies, Blue Owl’s alternative credit strategy funds will purchase up to $350 million of home equity investments.
Appraisal Buzz
DECEMBER 6, 2024
According to the Q4 2024 Fannie Mae Home Price Expectations Survey (HPES) , following an average expectation for national home price growth of 5.2% in 2024, a panel of more than 100 housing experts forecasts home price growth to decelerate to 3.8% in 2025 and 3.6% in 2026. The panels estimates of national home price growth represent an upward revision from last quarters expectations of 4.7% for 2024, 3.1% for 2025, and 3.3% for 2026, as measured by the Fannie Mae Home Price Index (FNM-HPI).
Real Estate News
DECEMBER 9, 2024
Inman
DECEMBER 4, 2024
The estate -- built around 1990 -- has undergone extensive renovations after being purchased for $18 million in 2021, but local real estate agents say that some might consider the home a teardown and opt to raze it to make way for something more modern and imposing, "The WSJ" reported.
Eyes on Housing
DECEMBER 10, 2024
In the third quarter of 2024, borrowers and lenders agreed, as they have over most of the past three years, that credit for residential Land Acquisition, Development & Construction (AD&C) tightened.On the borrowers side, the net easing index from NAHBs survey on AD&C Financing posted a reading of -12.0 (the negative number indicates credit was.
Housing Wire
DECEMBER 8, 2024
U.S. mortgage holders experienced a home equity increase in the third quarter of 2024 up 2.5% year over year to a total of $17.5 trillion nationwide. But that was down from 8% growth in the second quarter, and negative equity also ramped up for the first time in two years, according to a CoreLogic report. CoreLogic’s Q3 2024 Homeowner Equity Insights report showed that the total number of mortgaged homes with negative equity rose by 3.5% from the second quarter.
Appraisal Buzz
DECEMBER 9, 2024
The latest Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.4 points in November to 75.0, continuing its sharp upward trend over the past year, as consumers appear to be acclimating to higher mortgage rates in todays home price environment. In November, a new record-high share of consumers indicated that they expect mortgage rates to decline over the next 12 months, while fewer respondents said they expect home prices to rise.
Inman
DECEMBER 9, 2024
While only 23 percent of Americans surveyed by mortgage giant Fannie Mae in November thought it was a good time to buy a home, that's up from 14 percent a year ago, when mortgage rates were near post-pandemic peaks.
Yolo Solano Appraisal Blog
DECEMBER 11, 2024
Christmas at Ano Nuevo State Park I’m teaching Excel for Appraisers for the REAA North Bay chapter in Petaluma on Thursday, January 16.
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