Remove 2022 Remove Home Value Remove Inventory Remove Realtors
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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

regions, but declined in the West, according to the National Association of Realtors. Pending home sales decreased in all four regions compared to one year ago. from February 2022. Although inventory has increased from February of last year, the number of homes available for sale is just half of what it was three years ago.

Contracts 296
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Home Search Strategies for 2022

Eppraisal

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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Opendoor Lost Close to $1B in 3Q

Empire Appraisal Group

Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. SAN FRANCISCO – iBuyer Opendoor announced major losses of $928 million in the third quarter of 2022, and some observers see similarities to Zillow Offers, the Zillow iBuyer program that closed its doors last year.

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Rate buydowns are the cat’s meow in today’s market

Housing Wire

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” So, while the rate of home-price gains is trending downward, home values are still appreciating overall. in 2022, the weakest showing since 2014.

Marketing 404
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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

million homes bought and sold in the U.S. The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 million, of those homes. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems.

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How Is the Winter Market Faring to Date?

Eppraisal

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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What to Expect from the Real Estate Market This Winter

Eppraisal

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. Again, good news for sellers; a headache for seekers.