Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Housing Market Marketing Insurance Mortgage 429

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. in September 2022. They eased below 6.5%

Housing Market 420

Housing Market Marketing Inventory Sellers 420

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

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Lending Home Value Mortgage Renovations 422

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%

Inventory 523

Inventory Home Value Housing Market Mortgage 523

Housing Wire

MARCH 29, 2023

from February 2022. Homebuyers have been closely watching mortgage rates, which have been volatile during the first few months of the year,” said Lisa Sturtevant, chief economist for Bright MLS. To boot, mortgage rates declined in January but rose again in February, closing out the month in the 7% range. from February 2022.

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Contracts Realtors Home Value Housing Market 295

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06 Prior to the pandemic, buyers paid closer to 0.5

Inventory 382

Inventory Mortgage New Listings Home Value 382

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].

Marketing 404

Marketing Government Mortgage Sellers 404

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

Empire Appraisal Group

DECEMBER 1, 2022

Buyers Waited for Falling Prices? Source: Buyers Waited for Falling Prices? Some buyers waited for bargain homes that appeared after the Great Recession – but to counter higher mortgage rates, year-to-year prices have to drop 45%. © Copyright 2022 INFORMATION INC., The post Buyers Waited for Falling Prices?

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Buyers Realtors Mortgage Appraisal 78

Housing Wire

JANUARY 16, 2024

Empty-nester baby boomers own roughly twice as many of the nation’s three-bedroom-plus homes as millennials with children, according to a report from Redfin published on Tuesday. Census data from 2022, that breaks down the share of three-bedroom-plus homes owned and occupied by each generation, by household type and size.

Inventory 443

Inventory Home Value Mortgage Buyers 443

Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. Michael Chew: First, consider the first half of 2022; some areas were still dealing with or just coming out of pandemic -related foreclosure moratoriums and restrictions.

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Inventory Technology Design Tools 389

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. Presented by: Doma.

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Buyers Housing Market Real Estate Agent Real Estate 538

Housing Wire

FEBRUARY 21, 2023

Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. With the Feb.

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Clients Mortgage Business Home Value 295

Housing Wire

JUNE 10, 2022

Buyer morale is at an all-time low for good reason. Homebuyer concerns are clearly displayed in Fannie Mae’s Home Purchase Sentiment Index, which in April 2022 was down 8.5 According to the Radian Home Price Index, provided by Radian subsidiary Red Bell Real Estate, home price appreciation set a record in 2021, rising 14.2%

Real Estate 361

Real Estate Buyers Mortgage Insurance 361

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. foreign buyers have always been less than 300,000 of total home sales for many years. When mortgage rates rise, two things always happen here in America.

Buyers 527

Buyers Housing Market Mortgage Marketing 527

Quicken Loans

DECEMBER 16, 2021

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. For anyone interested in buying a home , real estate is still in high demand.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Housing Wire

MAY 4, 2022

Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. Mortgage credit availability remains tighter than it was pre-pandemic.

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Housing Market Finance Marketing Mortgage 358

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022. Table 2: 10 Hottest Housing Markets out of the Top 250 Metro Areas, June 2022.

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Housing Market Sellers Marketing New Listings 400

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. million homes bought and sold in the U.S. According to data from Statista , there were roughly 5.95 last year.

Loan Officers 387

Loan Officers Real Estate Agent Real Estate Finance 387

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.

Insurance 357

Insurance Housing Market Marketing Agents 357

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

Eppraisal

JANUARY 28, 2022

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% and home prices to rise another 2.9% Home sales are expected to increase another 6.6%

Marketing 68

Marketing Home Value Real Estate Housing Market 68

Robinson Appraisal Group

NOVEMBER 25, 2022

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. As mortgage rates increase, houses become less affordable.

Real Estate 88

Real Estate Buyers Investors Home Value 88

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 In 2022, the average tax on a U.S. But home values and taxes have shot up in several neighborhoods.

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Property Taxes Home Value Government Buyers 540

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. 125%) is equivalent to $40 additional per month on their mortgage payment or a $10,000 loss in buying power. An eighth of a point increase (.125%)

Mortgage 65

Mortgage Realty Home Value Inventory 65

Lamacchia Realty

NOVEMBER 9, 2022

With interest rates nearly doubled since January, you may be hesitant to sell your current home and give up your low-rate mortgage for a higher, new mortgage. However, this rise in interest rates is in turn slowing down the growth of property values which can potentially benefit buyers. Buyer Resources.

Marketing 56

Marketing Realty Buyers Realtors 56

Eppraisal

JUNE 7, 2022

It follows that interest rates play a significant role as to whether financing the home value is affordable. What Does This Mean for the Remainder of 2022? Mortgage rates for investment properties are also increasing. Thus, major indicators point to climbing rates for home loans. Where Do Rates Come From?

Mortgage 36

Mortgage Finance Law Home Value 36

Listing Spark

OCTOBER 13, 2022

What should buyers and sellers be doing right now? How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? 00:02:50] Peaking into the Fall 2022 Austin housing market.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Housing Wire

FEBRUARY 4, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. 2022 Forecast series. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market.

Housing Market 365

Housing Market Inventory Home Value Marketing 365

Eppraisal

MARCH 31, 2023

With today's home values being high and mortgage rates on the rise, many home buyers are finding it more difficult to purchase a home. It is important for home buyers to prioritize their "wants" in a home. percent in January 2022 to 7.12 percent in January 2022 to 7.12

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Real Estate Agent Buyers Home Value Real Estate 36

Hank Miller Team

MARCH 6, 2024

There was pain of course, many buyers were eliminated and the withdrawals from those low rates is still being felt. We now have fewer buyers, less chaos and more time for buyers to consider their purchase. The reduced buyer pressure and less competition (in some cases) allows for a more deliberate approach.

Real Estate 52

Real Estate Sellers Buyers Inventory 52

Eppraisal

DECEMBER 14, 2021

This fact will give hope to buyers for the long term but what about the more immediate future? Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. Moreover, the age of repeat buyers is also ascending to 56 years of age.

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Eppraisal

FEBRUARY 18, 2022

It follows that interest rates play a significant role as to whether financing the home value is affordable. While local banks can tweak the rates they offer for home loans, this relationship is the primary mover. What Does This Mean for 2022? Thus, major indicators point to climbing rates for home loans.

Mortgage 36

Mortgage Finance Law Home Value 36

Lamacchia Realty

FEBRUARY 21, 2023

Essentially, this means that half the time, Zillow’s home value estimates are within 7.49% of the actual value. So, for example, if the Zestimate of a home is $500,000, using the national median error rate of 7.49%, that means your home could actually be worth $37,450 more or less than Zillow’s estimated value.

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Real Estate Agent Real Estate Sellers Realtors 73

Eppraisal

DECEMBER 9, 2022

Home values rose double digits, year-over-year, the past couple years? The solid seller's market is starting to balance out and become more friendly to buyers again? Here are a few considerations to keep in mind before you purchase a home. Here are a few considerations to keep in mind before you purchase a home.

Real Estate Agent 68

Real Estate Agent Real Estate Agents Home Value 68

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31]

Real Estate 28

Real Estate Marketing Sellers Home Value 28

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