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Opinion: The end of seller speculation in US housing market

Housing Wire

Even though sellers’ median valuations in each of these housing markets grew by an astounding 40% or more over the previous year, only one market, Panama City, Florida, saw a year-over-year increase in the number of homes newly listed for sale. But some analysts may be missing these signals. increase to 6.7%

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4 reasons you’re better off selling your house this spring [INFOGRAPHIC]

Cornerstone

Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. This is especially true among millennial homeowners (now ages 25 to 40) who have a golden opportunity to trade up in 2021, “with many having owned their first homes long enough to see substantial equity gains.”.

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Home price growth slows but affordability pressures remain: Black Knight

Housing Wire

But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. The annual home price growth index, measured by Black Knight, grew 19.3% in April marking the largest single-month deceleration since 2006.

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RISMedia’s April Digital Magazine

McKissock

Home Values Reach Record Highs, Driven By High Demand. “Two elements have created the perfect storm for increasingly high home prices: strong demand in the housing market and low mortgage interest rates. Free Guide : Learn how to increase your earning potential in real estate with this free Real Estate Income Guide.

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New home sales fell again in February

Housing Wire

“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.”. As mortgage rates rise, all else held equal, house-buying power falls,” First American deputy chief economist Odeta Kushi said in a statement. after a 10.4% drop in January.

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Too many appraisers?

Appraisal Today

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. “Americans have seen home values rise at record rates over the past few years.

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Appraisals – Check the Water Source!

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. Kiefer expects home sales to henceforth “slow quite a bit over the summer.”.