article thumbnail

Home prices in opportunity zones show mixed trends in Q1 2024

Housing Wire

Median prices for homes and condominiums in federally designated opportunity zones rose in 49% of areas from fourth-quarter 2023 to first-quarter 2024, according to a report released Thursday by Attom. Attom analyzed 3,512 zones with sufficient data, defined as having at least five home sales in Q1 2024. territories.

article thumbnail

What Fed rate cuts in 2024 will mean for homebuyers

Housing Wire

While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. by the end of 2024, suggesting three 25 basis points (bps) cuts from current levels. Treasuries, which move based on anticipation about the Fed’s actions, what the Fed ends up doing and investors’ reactions.

Inventory 457
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: Is the time ripe for a third way to tap home equity?

Housing Wire

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. The convergence of homeowner requirements and investor incentives has resulted in a genuine inflection moment for home equity investments (HEIs).

Investors 360
article thumbnail

2024 Texas Real Estate Housing Report

Listing Spark

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. trillion compared to $2.75

article thumbnail

Think US home prices are high? At least we aren’t Canada

Housing Wire

This was my best attempt to convince the housing bubble boys that what they believed in is more fabrication than reality before the years 2020-2024. It’s now evident that housing did not collapse and in fact home prices are savagely unhealthy. foreign buyers have always been less than 300,000 of total home sales for many years.

Buyers 526
article thumbnail

Progress now or perfect later: Improving the appraisal process

Housing Wire

For instance, in the conversation at the ASC hearing on using automated valuation models (AVMs) as a viable, non-subjective tool for understanding value accuracy during underwriting , concerns were brought up about bias being present in the data itself.

article thumbnail

Purchasing & Developing Land - Part 1 - Finding Land to Purchase

Eppraisal

Per the National Association of Realtors (NAR), land value for these zoning classifications will climb between three and five percent between 2023 and 2024. Even holding it for a short while can be profitable down the road when the real estate market improves and home values rise. Still, not all land is created equal.