Housing Wire

MARCH 20, 2025

decline from 2023 and a 32.4% in 2023 to 7.6% in 2023 to 72% in 2024. Flips are moving more quickly The average time to complete a home flip in 2024 was 162 days, down slightly from 169 days in 2023. Home Flipping Report, investors flipped 297,885 single-family homes and condominiums last year. That marked a 7.7%

Investors 343

Investors Finance Renovations Buyers 343

Housing Wire

MARCH 19, 2025

Despite recent softening in 2022 and 2023, it still remains 50% above pre-pandemic levels. Roofing, windows, and heating, ventilation and air conditioning (HVAC) accounted for 49% of improvement expenditures in 2023, the most recent available data. remodeling industry reached $600 billion in value following the COVID-19 pandemic.

Home Improvement 334

Home Improvement Modernization Investing Insurance 334

Housing Wire

JANUARY 16, 2025

The listings portal combined weekly data on for-sale listings in 2023 and 2024 for comparison. The share of listings with HOA fees rose from 2023, when 39.2% Also, the median monthly fee rose over the past year, increasing from $110 in 2023 to $125 in 2024. The report only considered listings if they had an HOA fee.

HOA 392

HOA Property Taxes Construction Buyers 392

Housing Wire

DECEMBER 8, 2024

But CoreLogic noted that negative equity actually declined by 3% from Q3 2023. billion higher than in Q3 2023. Conversely, positive homeowner equity increased by $425 billion since Q3 2023. CoreLogic attributes the Aloha State’s equity decline to a catastrophic wildfire in 2023. That’s up $4.3 On average, U.S.

Insurance 393

Insurance Mortgage Buyers 393

Housing Wire

FEBRUARY 17, 2025

Nationally, the highest effective property tax rates in 2023 were in Northeast and Midwest states, led by Illinois (1.88%), New Jersey (1.64%), Connecticut (1.54%), New York (1.46%) and Nebraska (1.46%), ATTOM reported. Northeast states had seven of the 10 highest average property taxes in 2023, Attom reported.

Property Taxes 528

Property Taxes Insurance 528

Housing Wire

OCTOBER 21, 2024

Nationally, 290,000 new properties were built in high-risk flood areas from 2019 through 2023, almost one in five of the 1.6 A report in August from Redfin showed that 2023 migration patterns weren’t interrupted by climate change. million built in total in that period, the First Street analysis found.”

Insurance 496

Insurance Real Estate Agent Construction Development 496

Appraisal Buzz

JANUARY 23, 2025

While the gross profit on median-priced single-family home and condo sales did inch up approximately $2,000 from 2023, the typical profit margin stood eight percentage points below a peak hit in 2022. After a weak 2023, the U.S. in 2023, the U.S. in 2023 to 51.3% in 2023 to 51.3% in 2023 to 51.3%

Sellers 395

Sellers Investing Housing Market Home Value 395

Housing Wire

NOVEMBER 29, 2024

But StorageCafe found that in 2023, most states overlooked one key solution to the affordability crisis: more inventory of “middle housing.” Census Bureau data to analyze housing inventory changes across 489 cities between 2005 and 2023. from 2005 to 2023 — the lowest inventory increase among all property types.

Inventory 391

Inventory Construction Law Development 391

Housing Wire

NOVEMBER 13, 2024

“The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the report’s findings. By 2023, applications submitted by Black women decreased by 24% from 2022.”

Real Estate 414

Real Estate Mortgage Finance Housing Market 414

Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. In 2023, spreads reached as high as 3.10%. If we had experienced the worst mortgage spreads of 2023, mortgage rates would be 0.72% higher today.

Mortgage 474

Mortgage Inventory New Listings Contracts 474

Housing Wire

DECEMBER 21, 2024

While it’s common to see a seasonal dip in volume at this time of year, theres a silver lining: we’ve been observing solid year-over-year growth when comparing our data to 2022 and 2023. Mortgage rates would be near 8% if we had experienced the peak negative spreads of 2023. As a result, my forecast for 2024 may be too low.

Housing Market 499

Housing Market Marketing Inventory New Listings 499

Housing Wire

OCTOBER 23, 2024

months in September 2023. from September 2023. NAR also reported the results of its monthly Realtors Confidence Index , which found that homes typically remained on the market for 28 days in September, up from 26 days in August and 21 days in September 2023. For-sale inventory at the end of September was 1.39 million, up 1.5%

Inventory 445

Inventory Realtors Buyers Real Estate 445

Appraisal Buzz

OCTOBER 24, 2024

An examination of CoreLogic data indicates that, in comparison to prior years, jumbo mortgage originations saw a discernible drop in both dollar quantities and market share in 2023 and 2024. Jumbo loan volumes plummeted 61% and conforming loan volumes fell 67% from their peak in 2021 to 2023. Since 2014, this is the lowest level.

Mortgage 370

Mortgage Marketing Appraisal 370

Appraisal Buzz

JANUARY 15, 2025

Affordability challenges for renters reached unprecedented levels in 2023, as the number of cost-burdened households hit a record high of 22.6 Cost Burdens Climb Across the Board In 2023, half of all renter households were cost-burdened, a rate that has remained steady since 2021 but marks a 3.2 Among these households, 12.1

Construction 397

Construction Development Appraisal Marketing 397

Housing Wire

MARCH 6, 2025

Thats an astonishing 77% year-over-year increase, although it is a slower pace of growth than what it experienced in 2023. million in 2023 to $4 million in 2024. million last year, roughly in line with 2023. billion, almost double its figure in 2023. million in 2023. million in 2023. Its revenue was $1.3

Brokerage 367

Brokerage Agents Loan Officers Business 367

Appraisal Buzz

JANUARY 6, 2025

in 2023, but is considerably less affordable than the typical share of 30% or lower recorded throughout the 2010s. from 2023 and 86% from 2019. The slight improvement in affordability this year is mainly due to the slightly lower average mortgage rate (6.72%), compared to 2023 (6.81%). Thats a slight improvement from 42.2%

Inventory 431

Inventory Construction Appraisal Mortgage 431

Housing Wire

OCTOBER 13, 2024

Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. One of the reasons total inventory data hasn’t gotten back to 2019 levels is the lack of sellers in 2023 and 2024. The price-cut percentage data is below 2022 levels and risks an earlier seasonal curve lower than 2022 and 2023.

Inventory 509

Inventory New Listings Retail Mortgage 509

Appraisal Buzz

DECEMBER 5, 2024

During the pandemic, when rents and home prices surged, foreign-born householders contributed to 25% of household growth from 2019 to 2023, indicating that native-born households were the primary drivers of increased housing demand during this period. million in 2023. million in 2023. million in 2022 and 3.3

Construction 418

Construction Housing Market Marketing Buyers 418

Housing Wire

DECEMBER 20, 2024

In February 2023, the FHA announced a 30 basis-point reduction in the annual premium charged to borrowers. The cut resulted in an annual premium of 55 bps for most borrowers, down from 85 bps.This represented yearly savings of $800 for roughly 850,000 homebuyers and homeowners in 2023. As of Sept.

Insurance 418

Insurance Mortgage Property Taxes Design 418

Housing Wire

JANUARY 16, 2025

That share was up from 53% in the second half of 2023 and 51% in the first half of 2024. Only 8% were considered under-appraised, down from 12% in the second half of 2023. The share of properties that were under-appraised shrank from 8% while the share that were over-appraised was unchanged compared to the second half of 2023.

Appraisal 396

Appraisal Valuation Home Value Housing Market 396

Housing Wire

MARCH 17, 2025

The Black homeownership rate saw the largest year-over-year increase of all racial groups in 2023, according to data released Monday by the National Association of Realtors (NAR). in 2023, an increase of 60 basis points from the year before that was driven by more Black first-time homebuyers. in 2023 (up 0.1%). housing market.

Housing Market 269

Housing Market Buyers Realtors Insurance 269

Appraisal Buzz

OCTOBER 30, 2024

from September 2023 to 65.6, from September 2023 to 64.0, compared to September 2023. After two years of sluggish home sales in 2023 and 2024, existing-home sales are forecasted to rise to 4.47 Pending Home Sales Regional Breakdown The Northeast PHSI increased 3.3% from the previous month. the same as the year before.

Contracts 418

Contracts Buyers Inventory Mortgage 418

Appraisal Buzz

JANUARY 28, 2025

remained dynamic in 2023, with approximately 7.5 In 2023, 87.9% Generational Migration Patterns In 2023, Gen Z and millennials were the most mobile generations, with roughly 2.2 The shift in net migration leadership from Florida to Texas in 2023 reflects broader trends. The migration landscape across the U.S.

Property Taxes 370

Property Taxes Home Value Insurance Appraisal 370

Appraisal Buzz

OCTOBER 21, 2024

Texas experienced the most damage during the broader 2023-2024 winter season, accounting for 36% of total damage, or $87.2 Texas: The Most Impacted Over the 2023-24 Winter Season Looking more broadly at the 2023-2024 winter season, Texas experienced $87.2 Key Findings Winter weather has already caused an estimated $61.8

Insurance 393

Insurance Appraisal 393

Appraisal Buzz

MARCH 4, 2025

In 2023, the total number of cost-burdened homeowners increased by 650,000 households, bringing the total to 20.3 In 2023, the cost-burden rate for this group reached 74.2%, marking an increase of 5.4 Between 2019 and 2023, 1.7 millionor 23.7% of all homeowner households. percentage points over the last four years.

Property Taxes 360

Property Taxes Bracketing Insurance Mortgage 360

Housing Wire

JANUARY 17, 2025

percent)* below the December 2023 rate of 1,568,000. percent below the December 2023 rate of 1,530,000. This is 15.8 percent (14.4 percent) above the revised November estimate of 1,294,000, but is 4.4 percent (11.3 percent below the revised November rate of 1,493,000 and is 3.1

Mortgage 488

Mortgage Housing Market Construction Marketing 488

Housing Wire

OCTOBER 15, 2024

In 2023, Atherton’s median sale price was $400,000 lower than today. Meanwhile, 67% percent of the most expensive ZIP codes saw a price increase in 2024, compared to 29% in 2023. The nation’s most expensive neighborhood — Atherton, California — saw its median sale price jump to $7.9 million this year.

Real Estate 445

Real Estate Marketing Housing Market Finance 445

Housing Wire

FEBRUARY 13, 2025

The full-year net income figure marked an increase of 13% from 2023. Comprehensive income increased 11% from 2023 to $11.9 ” Freddie Mac purchased loans for cash and issued MBS totaling more than $411 billion in 2024, up 18% from 2023, Whitlinger added. billion, an increase of $308 million or 11% from Q4 2023.

Finance 375

Finance Mortgage Investors Marketing 375

Housing Wire

FEBRUARY 27, 2025

The group claimed that Elvis Presleys daughter, Lisa Marie Presley, had pledged Graceland as collateral for a loan that she failed to repay before her death in January 2023. The Federal Bureau of Investigation said Americans reported losses of more than $145 million from real estate-related fraud in 2023.

Insurance 343

Insurance Sellers Legal Real Estate 343

Housing Wire

NOVEMBER 26, 2024

increase from Q3 2023 to Q3 2024. annualized gain in August and represented the slowest year-over-year growth since August 2023. The East North Central division (Wisconsin, Michigan, Illinois, Indiana and Ohio) led the way with a 6.8% In a similar report released Tuesday, the S&P CoreLogic Case-Shiller Index notched 3.9%

Housing Market 387

Housing Market Finance Marketing Mortgage 387

Appraisal Buzz

DECEMBER 26, 2024

The foreclosure pre-sale inventory rate was about 0.34%, down about 2.09% compared with October and down nearly 16% compared with November 2023. There were about 21,000 foreclosure starts in November down nearly 30% compared with October and down nearly 30% compared with November 2023.

Mortgage 395

Mortgage Inventory Technology Appraisal 395

Housing Wire

NOVEMBER 19, 2024

percent)* below the October 2023 rate of 1,365,000. percent below the October 2023 rate of 1,534,000. percent (±11.6 percent)* below the revised September estimate of 1,353,000 and is 4.0 percent (±9.0 percent below the revised September rate of 1,425,000 and is 7.7 The charts below speak louder than any words.

Construction 539

Construction Mortgage Development Buyers 539

Appraisal Buzz

JANUARY 14, 2025

from 2023 to 2024, according to CoreLogics latest research , and have risen 27.4% rise in property taxes from 2023 to 2024 and a staggering 52.9% from 2023 to 2024 and 51.5% Over the past few years, property tax payments have climbed sharply in many regions, particularly in states once regarded as affordable. since 2019.

Property Taxes 435

Property Taxes Government Mortgage Buyers 435

Housing Wire

NOVEMBER 12, 2024

from Q3 2023 despite a drop in big-ticket remodeling projects that were attributed to higher interest rates and economic uncertainty. in Q3 2023. per share, in Q3 2023. The world’s largest home improvement retailer and fourth-largest U.S. retailer by market capitalization reported $40.2 Revenue was up 6.6% drop in the U.S. —

Housing Market 431

Housing Market Marketing Retail Home Improvement 431

Appraisal Buzz

JANUARY 16, 2025

In Onbes Winter 2023 Property Management Payouts Survey , 82% of tenants said receiving their security deposit refund digitally would be an improvement over their most recent refund experience. Given the national average tenant turnover rate of 44% in 2023, the savings from switching to digital refunds will add up fast.

Tenants 397

Tenants Property Management Landlords Modernization 397

Appraisal Buzz

JANUARY 16, 2025

properties in 2024, down 10% from 2023, down 1% from 2022, and down 35% from 2019, before the pandemic shook up the market. housing units, down slightly from 0.25% in 2023, and down from 0.36% in 2019, and down from a peak of 2.23% in 2010. Foreclosure filings in 2024 were also down 89% from a peak of nearly 2.9 million in 2010.

Lending 389

Lending Investors Housing Market Marketing 389

Appraisal Buzz

JANUARY 8, 2025

year over year in November 2024 compared with November 2023. Nevertheless, the cooling home price growth trend is expected to continue well into 2025 partly due to the base effect and comparison with strong early 2023 appreciation and partly because of the expectations of higher mortgage rates over the course of 2025, Hepp continued.

Mortgage 389

Mortgage Buyers Appraisal Marketing 389