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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Sellers Buyers Home Value Marketing 78

Housing Wire

MARCH 9, 2021

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. That $59,000 gain represents a median home equity increase of 197%. By 2021, that number shrank to $24,000.

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Home Value Market Value Brokerage Inventory 475

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Marketing Government Mortgage Sellers 407

Housing Wire

FEBRUARY 1, 2021

Auctions efficiently ensure the highest and best offer — good for the distressed homeowner, surrounding neighborhood and the mortgage servicer. Pre-foreclosure sales as a foreclosure alternative also benefit neighborhoods by limiting the volume of vacant properties, which drag down surrounding home values. Falling Short.

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Buyers Mortgage Marketing Home Value 402

Housing Wire

JUNE 24, 2021

Buyside’s new feature enables the millions of homeowners who are currently receiving a Home Valuation Report from Buyside, to now see a personalized Home Equity Dashboard. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

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Valuation Real Estate Agent Real Estate Clients 354

Housing Wire

MAY 25, 2021

Home prices accelerated yet again in March, for the 10th straight time. from March 2020, according to the most recent S&P CoreLogic Case-Shiller Home Price Index report. Phoenix saw a 20% year-over-year home price increase, followed by San Diego with a 19.1% In fact, they rose 13.2% increase and Seattle with a 18.3%.

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Supply Chain Inventory Buyers Construction 407

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

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

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Brokerage Real Estate Clients Insurance 407

Housing Wire

MARCH 8, 2024

With continued demand for home equity investment from homeowners, Burnett is confident that the market is poised for growth in the decade ahead. While Hometap doesn’t directly work with mortgage lenders or real estate brokerages right now, Burnett sees an opportunity for partnership to help buyers’ homeownership in the long term.

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Investing Real Estate Agent Marketing Real Estate 389

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 369

Housing Wire

FEBRUARY 10, 2021

Zillow Group reported fourth quarter 2020 earnings of $789 million on Wednesday, easily beating Wall Street’s estimates. For the year 2020, Zillow posted $343 million in EBIDTA. For 2020, Zillow reported 9.6 According to Zillow’s own Home Value Index , the company expects seasonally adjusted home values to increase by 3.7%

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Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. It only takes a few bad appraisers doing this kind of thing to cause home prices to artificially inflate. Granted, mortgage rates were not terrible. 30-Year Fixed Mortgage Rates from 2000 to today.

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Inventory Market Value Appraisal Contracts 243

Eppraisal

MARCH 13, 2021

The real estate market is hot right now with pent-up buyer demand from 2020. According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Help get you pre-approved for a mortgage. * Help you arrange inspections.

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Buyers Brokerage Contracts Home Value 36

Lamacchia Realty

FEBRUARY 22, 2022

The Pandemic has caused mortgage rates to linger around the 3% range for a while now after having initially dipped into the high twos in what was a historically low number. As it stands, this week kicked off at 3.92%, a level not seen since January of 2020 according to the chart below. Image Source. An eighth of a point increase (.125%)

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Mortgage Realty Home Value Inventory 66

Eppraisal

JANUARY 28, 2022

and data from Freddie Mac, low interest rates and limited availability of homes in desired areas led to an overall increase of home prices of 11.3% in 2020 and 16.9% The United States housing market will continue to struggle with a low inventory of homes available for sale in 2022. by the end of 2022."

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Marketing Home Value Real Estate Housing Market 68

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Prior to COVID, i.e. March of 2020, inventory was already falling. Where Have We Been?

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Supply Chain Home Value Inventory Construction 69

Eppraisal

APRIL 5, 2021

Although the real estate market was not immune from the effects of business shutdowns and curtailments in 2020, neither was it hobbled: unprecedented low mortgage rates; strong millennial demand; and the flight from city to suburbs hastened buying and selling in America. Buyers should exploit the low financing rates.

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Marketing Mortgage Finance Home Value 36

Quicken Loans

DECEMBER 16, 2021

Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued.

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Housing Market Marketing Inventory Real Estate 78

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. With limited inventory, home values are on the rise.

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Sellers Loan Officers Inventory Home Value 66

Eppraisal

JUNE 8, 2021

Record sales, high prices, and lots of competition are only a few of the many challenges' buyers are facing in today's market. The report also indicates that homes are selling at historical speed, with the time on the market for a typical listing dropping down to a low of 43%. Prices Too High Home values are rising.

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Marketing Sellers Buyers Home Value 69

Housing Wire

JANUARY 25, 2021

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by 3.7%

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Home Value Mortgage Buyers Marketing 545

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. This fact will give hope to buyers for the long term but what about the more immediate future? Young families are in need of housing so forbidding economic conditions will not be enough to postpone a home purchase.

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Real Estate Supply Chain Marketing Inventory 67

Cornerstone

SEPTEMBER 3, 2021

This year, homes are continuing to be listed at seasonally-elevated rates later into the summer season, a welcome sign for a tight housing market. ”. For buyers desperately in need of more listings, this is exciting news. Bidding wars and high buyer competition. Bidding wars and high buyer competition.

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Housing Market Marketing Inventory Loan Officers 49

Eppraisal

AUGUST 9, 2022

Back then the economy dove down into a deep recession and home values plummeted. Here are a couple key differences from the last Recession: Home Prices Still Increasing The past few years homeowners have been enjoying property value increases. Inflation rates have been high and there is talk of a recession.

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Real Estate Inventory Home Value Buyers 36

McKissock

MARCH 11, 2022

Congresswoman Maxine Waters has announced plans to propose federal legislation designed to reduce the racial gap in home appraisals. After a week of declines, mortgage rates are back on the rise. ” Here are the highlights: Buyers have half as many homes to choose from. Homes are 34% more expensive.

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Housing Market Appraisal Marketing Home Value 79

Cornerstone

FEBRUARY 2, 2021

Here’s an overview of why selling this winter may be smarter: Even after the buyer boom seen in 2020 , it continues: Buyer demand is outpacing the supply of available homes for sale, so homebuyers frequently compete to snatch up limited listings. Many sellers are seeing homes “fly off the shelves.”

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Landlords Loan Officers Buyers Sellers 67

Eppraisal

SEPTEMBER 22, 2021

According to an article on Bankrate.com, written by Jeff Ostrowski, "Mortgage rates plumbed to new depths in January 2021, setting all-time lows south of 3 percent." over last year, while the total inventory of unsold homes, including pending listings, declined by 13.8%. There is a record number of buyers on the market to buy homes.

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Real Estate Marketing Inventory Home Value 45

Eppraisal

APRIL 8, 2021

Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. It's a "super seller's market" right now.

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Marketing Inspection Contracts Buyers 36

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

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Appraisal Real Estate Valuation Contracts 87

Eppraisal

SEPTEMBER 24, 2021

The market normally remains strong, and home values rise, through the spring and summer months. Researchers at Freddie Mac have estimated that "the current shortage of homes is close to 3.8 Buyer demand is very high and prices are rising at record-breaking levels. Real estate is cyclical year-over-year. million in 2018."

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Marketing Supply Chain Real Estate Construction 28

Housing Wire

MARCH 23, 2022

Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. 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.”. “One year ago, 31% of new home sales were priced below $300,000.

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Supply Chain Housing Market Buyers Construction 382

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

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Housing Market Marketing Supply Chain Mortgage 515

Housing Wire

SEPTEMBER 22, 2021

Lawrence Yun, chief economist at NAR, noted in a statement that existing home sales slipped because of rising prices nationwide. “Although there was a decline in home purchases, potential buyers are out and about searching, but much more measured about their financial limits, and simply waiting for more inventory,” Yun said.

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Inventory Buyers Realtors Home Value 395

Houston Properties

JANUARY 13, 2021

What’s shocking is (through the end of 2020) about 23% of Houston neighborhoods in specific areas are still selling at LOWER PRICES than before Hurricane Harvey hit in 2017. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? In addition, mortgage rates are at an all-time low.

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

FEBRUARY 4, 2022

Housing entered 2022 riding high on several superlatives: the highest-ever annual price appreciation, the lowest-ever active inventory and the fastest monthly rise in mortgage rates since 2016. Our forecast is for home values to rise 16% from December 2021 to December 2022.

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Housing Market Inventory Home Value Marketing 370

Appraisal Today

JUNE 10, 2022

Not much work probably compared with 2020-2022. 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. ==. This is the past. Appraisal Business Tips .

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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.

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Real Estate Buyers Sellers Insurance 36