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. The Case-Shiller 20-city home price index posted a 8.6% In September , the index recorded a year-over-year increase of 10.7%. Month over month, the U.S.

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Home Value Housing Market Contracts Sellers 387

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 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 Purchase borrowers, who now make up 82% of new rate locks, paid an average of 1.16

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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].

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Marketing Government Mortgage Sellers 404

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. Here are a few housing market predictions for 2022 to help you prepare for the market’s future. For anyone interested in buying a home , real estate is still in high demand.

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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. The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. It consistently climbed to 3.76% as of March 3, 2022, and as of the date I’m writing this, it is 5.81%.

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Sellers Marketing Market Value Home Value 435

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 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.

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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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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. As mortgage rates increase, houses become less affordable.

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Real Estate Buyers Investors Home Value 88

Hank Miller Team

MARCH 6, 2024

Greater Atlanta remains one of the strongest national markets, home values are not likely to drop over the next several months. Home Sales Drop in Atlanta From a pure "number of transactions" point, closings and contracts cratered in '22 as buyers rapidly fell out and sellers chased those that remained. '23

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Housing Wire

JULY 25, 2023

Todd Armstrong, A COMPASS AGENT IN SAN DIEGO Since early 2022 many insurers and reinsurers who back insurance policies have either left the state, scaled back operations or fallen into insolvency. The III said 1.265 million California homes were at risk for extreme wildfires in 2022, more than 400,000 than the next highest state.

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Eppraisal

JUNE 28, 2022

The summer of 2022 real estate market is starting to slowly shift. Gas, food and utility bill prices are skyrocketing and mortgage interest rates have almost doubled since their historical lows the last couple years. The inventory of homes available for sale is starting to balance. This is because home prices keep rising.

Marketing 36

Marketing Real Estate Sellers Inventory 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? How to vet real estate agents as a seller. Key takeaways.

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Housing Market Real Estate Marketing Buyers 36

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 393

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]

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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

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 368

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

As buying a home is one of the most important investment decisions you will ever make, it is crucial to understand the current real estate market before you dive in. Home values rose double digits, year-over-year, the past couple years? Here are a few considerations to keep in mind before you purchase a home.

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Real Estate Agent Real Estate Agents Home Value 68

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. Assumable Mortgages.

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Marketing Realty Buyers Realtors 56

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. Freddie Mac -- the federally-backed mortgage investor -- reports that mortgage rates dipped from 3.89 So, the imbalance of buyers to sellers continues to worsen. percent to 3.76

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Supply Chain Real Estate Marketing Sellers 36

Eppraisal

JULY 12, 2022

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. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

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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. So are the scents of autumn.

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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. Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae.

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Real Estate Supply Chain Marketing Inventory 67

Eppraisal

JANUARY 17, 2023

These owners were planning on selling their homes for various reasons, but when they consulted with real estate professionals and found out their homes were worth less than what they owed on their mortgages, they decided to hold on to these properties and rent them. This move was very lucrative for most of these homeowners.

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Investing Real Estate Landlords Investors 36

Eppraisal

APRIL 27, 2021

Qualify to Purchase a Home If you are thinking of purchasing a home, you must first be able to qualify for a mortgage. To qualify for a mortgage, you need steady employment and income. Interest rates are still historically low, so it's a great time to borrow money to purchase your first home. You need good credit.

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Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. What does this mean for mortgage rates? Mortgage rates should get better. ” Mortgage rates track the yield on 10-year U.S.

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Inventory Housing Market Mortgage Law 457

Eppraisal

SEPTEMBER 22, 2021

According to an article on Bankrate.com, written by Jeff Ostrowski, "Mortgage rates plumbed to new depths in January 2021, setting all-time lows south of 3 percent." Lenders were approving people for mortgage loans that should never have been approved. Builders cannot keep up with developing new communities and building new homes.

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Real Estate Marketing Inventory Home Value 45

Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. In 2022 we saw this raging market hit a large bump in the road. The higher rates resulted in larger mortgage payments which took many buyers out of the market. It’s important for sellers to recognize this or the home they are selling may be overpriced and it will take longer to sell.

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Will Springer Realtor

MARCH 7, 2023

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. For residential parcels, fair market value is generally determined by analyzing recent sales of comparable properties in the same area.

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Property Taxes Market Value Real Estate Government 36

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

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Housing Market Marketing Supply Chain Mortgage 513

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. value to property.

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Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

FEBRUARY 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. AMCs had taken over the mortgage-lending work. To read more of this long blog post with many topics, click Read More Below!! It’s caused by the income gap.

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Housing Wire

JULY 25, 2022

Fannie Mae ’s Economic and Strategic Research Group also released a recent report that projects year-over-year growth in home-price appreciation for 2022 will reach 16%. Although house-price appreciation will grow at a more moderate rate, home prices [still] remain high relative to homebuyer incomes. trillion in 2022 and $2.3

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Housing Market Marketing Supply Chain Real Estate 393

The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. Homes sales reached 14,210 in May 2022, a 1.8%

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