Housing Wire

AUGUST 8, 2022

Mortgage rates trended down in July from their peak above 6% in June, but that wasn’t enough to spur mortgage lending activity. from June , marking four straight months of decline, according to Black Knight ‘s originations market monitor report. from the previous month and dropped 22% from July 2021.

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Empire Appraisal Group

FEBRUARY 23, 2023

Top State for 2022 Home Value Increases | Florida Realtors Fla. Top State for 2022 Home Value Increases By Dylan Abad Analysis finds Fla. home prices rose 17.27% last year, the most in the U.S., But in last-place Idaho, values sank 0.18%. The 17.27% change in value outpaced every other state in the nation.

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Housing Wire

OCTOBER 3, 2022

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. With mortgage rates at 6.7% With mortgage rates at 6.7%

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Inventory Home Value Housing Market Mortgage 527

Housing Wire

JULY 25, 2023

Impact on home values and sales In the meantime, real estate agents in Florida and California are concerned that the rising homeowners’ insurance costs in their states will have a negative impact on homeownership. “The

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Insurance Housing Market Marketing Agents 365

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022.

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Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values. 2019 level.

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Housing Wire

NOVEMBER 14, 2022

Rate lock volume has dropped by more than 60% over the past 12 months as it struggles under the weight of high mortgage rates , which closed out October at 7.06%. Amid the surging rates, the refinance market is nearing the bottom. drop in rate/term refi, according to Black Knight ’s origination market report. year over year.

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Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Rick Sharga, executive vp of marketing at realtytrac.

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Insurance Home Value Mortgage Marketing 479

Housing Wire

MARCH 9, 2021

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. 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.

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Home Value Market Value Brokerage Inventory 479

Housing Wire

JANUARY 2, 2023

These declines, of course, came after very strong price increases in late 2021 and the first half of 2022,” Craig Lazzara, the managing director of S&P DJI , said in a statement. As the Federal Reserve moves interest rates higher, mortgage financing becomes more expensive and housing becomes less affordable,” Lazzara said.

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Home Value Housing Market Contracts Sellers 394

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 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.

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Housing Wire

OCTOBER 14, 2021

Over the same time period, home values grew 31.2%. In the past two years, prices have grown an additional 22%, which should come as no surprise, as more than half of homes sold this past July went for above list price and there appears to be no end in sight, as Goldman Sachs predicts that home prices will rise another 16% in 2022.

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year three.

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. In addition, mortgage rates are at an all-time low. The Tale of Two Cities.

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Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. Here’s a closer look at which four factors are creating this never-before-seen market. The 4 reasons that today’s housing market is unlike any other. Climbing home prices.

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Eppraisal

JANUARY 28, 2022

The 2021 real estate market was a record-breaking year. It is predicted to go from a record-breaking market to a hot market in 2022. Danielle Hale, Realtor.com chief economist states, "We expect a whirlwind 2022 for the housing market. Home sales are expected to increase another 6.6%

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Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had. Things will get better.

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Housing Wire

MARCH 26, 2024

Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs.

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Housing Wire

FEBRUARY 27, 2023

Per the report, Black homeowners saw their home values increase by 42.5% for overall home values and 37.8% for white-owned home values. On the other hand, the values of Hispanic and Asian-owned homes increased by 38.3% home is now the smallest it’s been in more than two decades.

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Robinson Appraisal Group

NOVEMBER 25, 2022

Interest rates play a crucial role in the housing market. Lower rates typically promote an increase in demand for properties, this in turn drives up pricing, while on the flip side of that, higher interest rates reduce the demand since the costs of a mortgage increase deterring prospective home buyers.

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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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. See charts below) That market was also not driven by historically low-interest rates. TODAY’S RISING HOME PRICES.

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Inventory Market Value Appraisal Contracts 243

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. And housing prices are still up! “In

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Housing Wire

NOVEMBER 7, 2023

And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I single-family home was $3,901, up 3% compared to 2021, ATTOM reported.

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Housing Wire

NOVEMBER 8, 2022

Revenue and net income were both down for Fannie Mae and Freddie Mac in the third quarter, and the two government sponsored entities (GSEs) expect the housing market to deteriorate further in the fourth quarter. “Credit-related expense for the third quarter was primarily driven by lower actual and projected home prices.”

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Home Value Housing Market Government Finance 359

Cleveland Appraisal Blog

OCTOBER 29, 2021

In appraisals completed for mortgage lending purposes, some lenders require that the total remaining life of a home not be less than the term of the mortgage. For instance, FHA requires that homes being funded FHA have a remaining economic life of at least the term of the loan. So, what’s an appraiser to do?

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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. According to Realtor.com's April 2021 Monthly Housing Market Trends Report, the national inventory of active listings declined by 53% over last year. Prices Too High Home values are rising.

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Marketing Sellers Buyers Home Value 69

Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. When teachers can’t afford to buy homes, school districts can’t hire teachers.

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Eppraisal

DECEMBER 14, 2021

Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. The Price of Money Another financial prophecy for the winter months is that mortgage interest rates will go up -- a 30-year fixed rate product is expected to increase by 3.5

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Cornerstone

APRIL 30, 2021

The fact that housing inventory is at record lows has driven up prices – and potential profits — by 14.1 Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. The Mortgage Credit Availability Index (MCAI) now sits at 125.4 Not only that, but 17.8

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Sellers Buyers Inventory Loan Officers 66

Empire Appraisal Group

FEBRUARY 17, 2022

“For the past several months, home prices have been rising at a very high – but decelerating – rate,” says Craig J. That trend continued in November 2021.”. In the short term, meanwhile, we should soon begin to see the impact of increasing mortgage rates on home prices,” Lazzara says. © 2022 Florida Realtors®.

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Housing Wire

FEBRUARY 10, 2021

In a letter to shareholders, Zillow CEO and co-founder Rich Barton and CFO Allen Parker said the company also expects a strong first quarter of 2021. Looking ahead, our Zillow economists have made bold predictions for an even stronger housing market in 2021 than what we experienced in 2020,” the letter states.

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Home Value Advertising Real Estate Agent Real Estate 397

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. The Northmarq report points out that the BFR sector currently accounts for only a small slice of overall home starts, at about 6%. Riding a cresting wave.

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Housing Wire

FEBRUARY 26, 2024

Reverse mortgage loan originators all seem to agree that 2024 is off to a better overall start in business than a tepid 2023 might suggest. EquityAvail was launched in early 2021 , and is a single, fixed-rate mortgage that is fully disbursed at closing with a maximum amount of up to $4 million.

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Marketing Business Clients Training 393

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. In a market this competitive, a seller has an advantage. Housing prices have increased.

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Housing Wire

MARCH 23, 2022

At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 from a month prior and a 40% increase from the February 2021 level. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. months supply. after a 10.4%

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Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. Over the past three years, the real estate market has seen unprecedented milestones. From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. Active Listings.

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