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Where home seller profit margins are shrinking

Housing Wire

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% Metro results for home sellers.

Sellers 377
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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. Naples-Immokalee-Marco Island, FL 53.0% -16.7% Bellingham, WA 51.7% -8.3% increase to 6.7%

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Spring brings homebuying season and increased risk of wire fraud

Housing Wire

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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Zestimate to double as Zillow’s iBuying offer

Housing Wire

The “Zestimate,” Zillow’s catchy ( and soapy ) name for estimated home values, will sometimes be used as the initial offer Zillow plans to pay to purchase a home, the company said on Thursday. Zillow’s own estimated home value is to guide the company on a “limited subset of homes” in 20 markets.

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How the housing market will evolve in 2023

Housing Wire

Until mortgage rates drop below 5.5%, we can expect low housing supply, which favors sellers. We can also expect low housing demand, which favors buyers. Until then, home values will slowly decline, most assuredly in high-cost areas and in areas of the country that benefited the most from rampant appreciation during the pandemic.

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Home Value Of My House: Tips for Pricing Your Houston Home

Houston Properties

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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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

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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