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Home values have dropped from 2022 peak, opening doors for buyers

Real Estate News

A new Redfin report found the total value of U.S. homes has dropped $2.3 trillion since June 2022, with the biggest declines in the San Francisco Bay Area.

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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.

Clients 427
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First-time buyers need to earn $64,500 to afford a typical starter home

Housing Wire

As a result of the limited supply, still-rising prices and elevated mortgage rates, sales activity for starter homes has stifled. home , assuming a 20% downpayment, rose 12.4% from June 2022, according to Realtor.com economic researcher Hannah Jones. asking rent is just $24 shy of the $2,053 peak hit in 2022.

Buyers 370
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Do Wood Floors Increase Home Value?

Lamacchia Realty

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer.

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Working with buyers in the nation’s hottest housing market

Housing Wire

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. “If Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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FHFA conforming loan limits increase to $766,550 in 2024

Housing Wire

That’s because the FHFA’s conforming loan limit increase is based on a formula related to home-price data in the third quarter of each year. The regulator compares home prices year over year and adjusts the limit by the corresponding amount. Ultimately, the FHFA announced a 12.21% increase in loan limits for 2023.

Finance 532
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Does Paint Color Impact Your Home's Value?

Eppraisal

Nowadays home buyers want to purchase homes that are updated. Updated homes will garner higher home values. Among the key updates important to today's buyers are exterior and interior paint colors. The dominent impression is the home's colors.