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Housing demand still showing double-digit growth

Housing Wire

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.

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Manufactured Homes Appreciating at Rates Comparable to Site-Built Homes

Appraisal Buzz

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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Real estate Instagram accounts: 21 agents & influencers to follow right now

Housing Wire

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.

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How Have Recent Immigration Increases Impacted U.S. Housing Costs?

Appraisal Buzz

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.

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Uncertainty in 2025 clouds housing market forecasts

Real Estate News

Federal policy changes could impact real estate in surprising ways, but economists are predicting fairly modest shifts in the new year.

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The home price crash that hasn’t come

Sacramento Appraisal Blog

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.

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Realtor.com CEO on fighting ‘the right way,’ growth, and the CCP

Real Estate News

Damian Eales sees Zillow as both a top competitor and an important partner, and explains why he has continued to “call out” Homes.com.

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Take your video strategy from idea to influence

Inman

Tune into Inman Access to elevate your skills and refine your video marketing strategy to grow income, leads and credibility.

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House Price Appreciation by State and Metro Area: Third Quarter 2024

Eyes on Housing

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.

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Will 2025 finally be a “normal” housing market?

Housing Wire

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?

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Which Housing Markets Have Been the Most Vulnerable?

Appraisal Buzz

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.

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Homebuying activity picks up as mortgage rates fall

Real Estate News

Purchase applications and home tours are on the rise as rates drop to the lowest level in six weeks.

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James Dwiggins: Clear Cooperation opponents are prioritizing profits

Inman

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.

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Mortgage Rates Rise in November Amid Post-Election Market Volatility

Eyes on Housing

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.

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Is now a good time to buy a house?

Housing Wire

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.

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After Record Highs, Down Payments Dropped in Q3

Appraisal Buzz

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.

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Homebuying optimism at highest level in nearly 3 years

Real Estate News

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Have agents become their own worst enemies?

Inman

New commission rules offer brand new opportunities for working with buyers. California broker Cindi Hagley offers ways to embrace change and prosper.

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Benefit of Elevated Homes Stands Out

Empire Appraisal Group

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.

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Scaling your real estate team to 9 figures & beyond

Housing Wire

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.

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Home Improvement Spending Surges

Appraisal Buzz

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.

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Realty ONE gives agents the option to leave NAR

Real Estate News

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Real Housewives star Gina Kirschenheiter joins eXp Realty

Inman

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.

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Real Estate Tech Trends for 2025

GoForrmz

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.

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Splitero secures $350M in funding from Blue Owl Capital

Housing Wire

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.

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Home Price Growth to Decelerate Over the Next 24 Months

Appraisal Buzz

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).

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New York Times targets NAR again, this time over political influence

Real Estate News

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Fox News star Sean Hannity buys $23.5M Florida oceanfront estate

Inman

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.

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Credit Still Tight, But Builders Finally Get Some Relief from Interest Rates

Eyes on Housing

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.

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Home equity gains slowed in Q3. Are prices stabilizing?

Housing Wire

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.

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Consumer Confidence Drives Housing Sentiment Up YoY

Appraisal Buzz

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.

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The Ten 2024: New rules, old battles and seeking ‘peace’

Real Estate News

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Americans optimistic home prices and mortgage rates have peaked

Inman

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.

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Early 2025 Classes and Speaking Engagements

Yolo Solano Appraisal Blog

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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