Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

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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%

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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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Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

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Housing Wire

OCTOBER 3, 2022

home prices seeing essentially a decade’s worth of appreciation in just two-and-a-half years,” added Ben Graboske, Black Knight’s president of Black Knight data & analytics. Home prices are beginning to fall from post-pandemic peaks but remain up 12.1% Raleigh and Nashville have all shed 3% of home value in recent months.

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Inventory Home Value Housing Market Mortgage 523

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. 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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Quicken Loans

DECEMBER 16, 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. Some sought out properties that could support home offices, while others simply didn’t want to miss out on the low mortgage rates. Home Inventory Will Slowly Rise.

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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%. Therefore, it begs the question: what will happen to home values? I waived no contingencies.

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Housing Wire

JANUARY 18, 2023

The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. You need a buyer and seller,” Brown said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise).

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Eppraisal

MARCH 18, 2022

According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021." " In a recent fortune.com article written on February 17, 2022, Tristan Bove wrote, "The inventory of homes for sale is down 26% compared to last year, and forecasters see a rough year ahead."

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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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Raleigh Realty

AUGUST 1, 2022

Instead of showcasing your personality, consider how you can help buyers envision themselves living in your home. NAR) Among buyers’ agents, having photos (83), videos (74), and virtual tours (73) of a staged home available for their listings was more important since the beginning of the COVID-19 pandemic. (NAR)

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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

AUGUST 26, 2022

This means that the sizzling hot seller's market will be softening up a bit. In fact, home values are still rising. In order to maximize sales prices, sellers should follow a few strategies. Price Your Home More Strategically Buyers have been pricing their homes higher and higher over the past two years.

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Housing Wire

APRIL 13, 2021

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. Van Dyke is regularly checking with builders for several clients – most are sold out of lots until 2022.

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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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Empire Appraisal Group

NOVEMBER 23, 2022

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. © 2022 Florida Realtors®. One year earlier in 3Q 2021, Opendoor reported a loss of $57 million.

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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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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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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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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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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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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 74

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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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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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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Robinson Appraisal Group

NOVEMBER 25, 2022

The low rates coupled with the available housing supply being low caused even further price increases in home values. With buyers fighting over the homes that were on the market, bidding wars were not that uncommon in portions of 2021 and 2022. You can expect monthly payments to increase by an average of 10-15%.

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Real Estate Buyers Investors Home Value 88

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

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. The inventory of homes available for sale is starting to balance.

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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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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. appeared first on HousingWire.

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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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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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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

Eppraisal

JULY 27, 2022

Home sellers have been reaping the rewards as home values have risen over the past couple years. You can negotiate more than just price when selling your home. Title Fees Sellers have to pay the title company for their services and for a seller's title insurance policy.

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Real Estate Agent Real Estate Brokerage Sellers 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. September 21, 2022. October 31, 2022. Contact us today to get started ! Additional Resources.

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