Housing Wire

OCTOBER 3, 2022

Skyrocketing mortgage rates – now in the 7% range for some buyers – and limited inventory have driven mortgage affordability to its lowest levels since the early 1980s, a reversal from the frenetic boom in buying during 2020 and 2021. Home prices are beginning to fall from post-pandemic peaks but remain up 12.1% as of Sept.

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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. Home prices decelerated for seven consecutive months in October, according to the latest S&P CoreLogic Case-Shiller National Home Price Index , posting a yearly gain of 9.2%.

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Housing Market Marketing Insurance Mortgage 419

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. Prior to the pandemic, buyers paid closer to 0.5 December did see home values post their sixth consecutive monthly decline, and prices at the national level are now 5.3%

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Inventory Mortgage New Listings Home Value 382

Housing Wire

FEBRUARY 1, 2023

“It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. in 2022, the weakest showing since 2014. in November, down from a 9.2%

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Quicken Loans

DECEMBER 16, 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. Here are a few housing market predictions for 2022 to help you prepare for the market’s future. And this trend will likely continue, and grow, into the year 2022.

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Eppraisal

MARCH 18, 2022

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

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Real Estate Agent Real Estate Agents Sellers 68

Raleigh Realty

AUGUST 1, 2022

By designing an engaging, move-in-ready atmosphere, buyers may be more committed to and willing to increase their offer — often above the asking price. Before beginning the hunt for a house, buyers scouring home design trends on Instagram and Pinterest will have expectations of how their future home should look.

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Appraisal Buzz

JULY 18, 2022

Unless you’re living under a rock, you have heard that interest rates have been rapidly increasing since Q1 of 2022. It consistently climbed to 3.76% as of March 3, 2022, and as of the date I’m writing this, it is 5.81%. Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market.

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Sellers Marketing Market Value Home Value 435

Eppraisal

AUGUST 26, 2022

This means that the sizzling hot seller's market will be softening up a bit. It won't turn into a buyer's market right away. In fact, home values are still rising. In order to maximize sales prices, sellers should follow a few strategies. Homes were selling without a lot of preparation.

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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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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 343

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. To register for the HW+ event, go here.

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Eppraisal

JANUARY 10, 2023

Buying a home is one of the most important financial and emotional transactions you will ever make. It is imperative to find a buyer's agent who will work hard for you, understanding both your desires and financial realities in securing the ideal home. Be sure your buyer's agent knows how to work in a balancing market.

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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. 23 saw a less severe drop in contracts and closings, sellers also recognizing that bull run was over. Closings -44.6

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Real Estate Sellers Buyers Inventory 52

Lamacchia Realty

MARCH 17, 2023

Over the last several years we have seen market value drastically fluctuate, due to the unique changes in market conditions. For example, due to the current real estate market conditions in New England, the market value of properties has been on a steady rise. Get a FREE Home Value Estimate!

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Market Value Marketing Real Estate Agent Real Estate 73

Eppraisal

SEPTEMBER 7, 2022

For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. In many markets home sellers no longer have the leverage they did a few months ago.

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Real Estate Agents Real Estate Agent Marketing 69

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%

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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. We have been in a special situation in the past few years with respect to the pandemic.

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Real Estate Buyers Investors Home Value 88

Housing Wire

MAY 25, 2023

million, of those homes. If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. This down payment range assumes closing costs will be financed into the loan.

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Loan Officers Real Estate Agent Real Estate Finance 379

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? How to vet real estate agents as a seller.

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Housing Market Real Estate Marketing Buyers 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

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. Home values dropped as much as 15%, erasing some of the gains made in 2021. [00:06:20]-[00:07:06]

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Real Estate Marketing Sellers Home Value 28

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. 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.

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Sellers Loan Officers Inventory Home Value 66

Eppraisal

MAY 10, 2022

This is especially true if you have a high-priced home. Home values have been rising and many real estate agents are benefiting from this. When homes sell at higher prices, real estate brokerages make more money. Real estate commissions are typically paid by the seller in a transaction.

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Agents Real Estate Agent Brokerage Real Estate 36

Lamacchia Realty

NOVEMBER 9, 2022

However, this rise in interest rates is in turn slowing down the growth of property values which can potentially benefit buyers. Keeping this in mind, here are our recommendations for buying a home in the current market. It’s a better time for negotiations on the buyer’s side. Buyer Resources.

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Marketing Realty Buyers Realtors 53

Eppraisal

JULY 12, 2022

One important aspect of the home-buying process is earnest money. Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts.

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Contracts Real Estate Agent Sellers Real Estate 36

Eppraisal

OCTOBER 25, 2022

Prices and home values typically increase in the spring and summer as well. The super seller's market the past few years has begun to settle and level out a bit. Potential buyers found they could not be approved for mortgages at the higher home prices and interest rates. Appeal to buyers' senses.

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Real Estate Buyers Decorating Sellers 36

Eppraisal

MARCH 25, 2022

The reality that good news never makes the news does not take the edge off of the dreadful reports coming from media outlets in 2022. This drop actually makes purchases affordable to more buyers, who are already competing in a higher-priced sellers' market. So, the imbalance of buyers to sellers continues to worsen.

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Supply Chain Real Estate Marketing Sellers 36

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. Again, good news for sellers; a headache for seekers. This fact will give hope to buyers for the long term but what about the more immediate future?

Real Estate 67

Real Estate Marketing Supply Chain Inventory 67

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.

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Housing Market Inventory Home Value Marketing 356

Housing Wire

OCTOBER 20, 2022

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.

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Sellers Investing Housing Market Real Estate 373

Eppraisal

JUNE 28, 2022

The summer of 2022 real estate market is starting to slowly shift. Many home sellers that have been holding out are now listing their homes for sale in order to catch the still hot seller's real estate market. Conversely, the changes are forcing some buyers out of the market.

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Marketing Real Estate Sellers Inventory 36

Lamacchia Realty

MAY 8, 2023

The possibilities are endless, but no matter what it ends up being used for, having a shed can increase the value of your home. Some potential buyers are even more attracted to a home because it has a shed! Continue reading to learn 4 ways adding a shed to your home can increase your property value: 1.

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Tools Realty Architecture Buyers 67

Eppraisal

MARCH 11, 2022

Springtime is when the real estate market comes to life as buyers look to begin their new lives in new homes. Sellers on the other hand,  start delayed projects to prepare their homes for sale. Home prices have been on the upward trend and are expected to continue increasing this year.

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Decorating Home Value Buyers Real Estate 69

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. Also, keep in mind the exact location of the home you purchase.

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Real Estate Agent Real Estate Agents Home Value 68

Lamacchia Realty

DECEMBER 20, 2022

These rising insurance rates have buyers concerned about affordability and home value. December 6, 2022. August 29, 2022. Obtaining Home Insurance in Florida. May 18, 2022. At the same time, it shortens the deadline for property claims to be filed. No Comments. Read More ». No Comments. Read More ».

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Insurance Marketing Realty Home Value 41

Eppraisal

FEBRUARY 10, 2023

The National Association of Realtors (NAR) reports that "the median home value in 2022 was $386,300, up 10.2% If you are thinking of selling your home, you will want your real estate agent to do an exceptional job when it comes to marketing your home. The real estate market is expected to change in 2023.

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Technology Real Estate Agent Real Estate Agents 41