Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Home shoppers who are waiting to score a deal are going to be disappointed in 2023.

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Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. This weakness in homebuyer demand and the ongoing purchasing power impact of higher interest rates has also begun to show up in home prices, which are down on a year-to-year basis for the first time in over a decade. To register, go here.

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Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. But more recently, market conditions have done an about-face. However, instead of being dejected, now is the opportunity for everyone to become re-educated about what a “typical” housing market looks like. Bright MLS’ forecast suggests that there will only be 4.87

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Housing Wire

MAY 9, 2022

Home prices in the U.S. have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada. When it comes to home prices — and especially home prices compared to income — our neighbors up north are like Godzilla to our gecko.

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Housing Wire

DECEMBER 28, 2021

This article is part of our HousingWire 2022 forecast series. By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. But home sales or real estate prices dropping may not be in the cards. “We Moreover, 2021 was a historic year for home prices.

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Housing Wire

NOVEMBER 13, 2023

I recently read editorials and articles by such esteemed publications as The Economist , Entrepreneur Magazine , and The Wall Street Journal concerning the antitrust real estate commission lawsuits. Home prices would likely fall.” Sales prices don’t go up or down based on closing costs.

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Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. million new and existing home sales combined.

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Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Home Prices will fall, but don’t expect 2010. Median home prices have declined for four straight months. Heading into 2023, it seems well within reason, given current trends, that a peak-to-trough decline in home prices of 10% is possible.

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Housing Wire

MAY 23, 2023

These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes about six months. The national median home price decreased 1.7% That mild correction has played out, with an emphasis on mild.

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Housing Wire

JUNE 10, 2022

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? His articles are always my favorite. His recent article, “Purchase apps are at 2009 level: where’s the inventory?” Based in New Jersey, Esser and her team have been recognized as the No.

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Housing Wire

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. The online reaction was immediate — housing must be about to crash. crew, this would mean home prices would have to get back to 2012 in a short amount of time. Home prices have grown 108.3%

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Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. The housing market is heading toward an inflection point — a rebalancing that will mean the end of the record-high price appreciation we’ve seen over the past year. The important thing to remember is that this rebalancing in no way should cause worry about a crash.

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Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1.

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Housing Wire

JUNE 14, 2021

I coined the term forbearance crash bros last year to show that people who screamed that housing would crash in 2020 simply weren’t equipped to talk about housing economics in 2020 and 2021. On Friday, Black Knight reported that the number of loans in forbearance are on the verge of falling below 2 million.

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Housing Wire

DECEMBER 29, 2021

economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. During this timeframe we have a historic one-time bump in ages 28-34 — the peak age for home buying.

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Housing Wire

MARCH 14, 2023

Of course, if the Fed keeps talking about 1970s-style entrenched inflation, I will keep telling them to leave their disco pants at home because this isn’t the 1970s. From the CoreLogic rental survey : Read more about why today doesn’t compare to 1970s inflation here. percent in January, the U.S.

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Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. We needed to end this madness before we had prices escalate over 20% for another year.

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Housing Wire

MAY 2, 2023

In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy.

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Housing Wire

MAY 3, 2022

HousingWire: The best way to start is to talk about purchase application data, can you break that down for us? We have been mindful that the data we got with housing starts yesterday, and today’s existing home sales data is backward-looking. To get access to the next Q&A on May 4th, you can join HW+ here.

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Housing Wire

FEBRUARY 26, 2021

HousingWire Lead Analyst Logan Mohtashami joins the HousingWire Daily podcast to talk about why low mortgage rates need to end. During the interview, HW+ Managing Editor Brena Nath interviews Mohtashami on his most recent article , “We need higher mortgage rates to cool the housing market.”. Below is the transcription of the interview.

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Housing Wire

FEBRUARY 8, 2021

million homes remain in forbearance and can therefore be considered at risk. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? This means home price growth is getting too hot!

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Housing Wire

MARCH 13, 2023

Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” Tsai said. Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” Tsai said. But, home prices were still up over 15% year over year, ac-cording to Redfin.

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Housing Wire

FEBRUARY 1, 2024

A good real estate website includes more than just drool-worthy images of homes priced to sell. Your real estate website should serve multiple functions, almost like a digital business card with an MLS listing storefront, a booking platform, a home valuation page, and even your background story and biography.

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Housing Wire

MARCH 15, 2022

Inventory is about to increase as it always does during this year. We don’t want to see the fall and winter fade to fresh new all-time lows in 2023. If economic data gets weaker in the 2nd half of 2022, that is good premise for an inverted yield curve and long-term bonds falling. The goal for inventory is to get back to 1.52-1.93

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Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? This week I welcome back guest blogger, Shirley Martin, who answers these questions in this article. What to Expect When Undertaking These 4 Common Home Renovation Projects. The kitchen is a focal point for just about every homeowner and prospective buyer. Home Office Addition.

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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. They eased below 6.5% in September 2022.

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Cleveland Appraisal Blog

OCTOBER 27, 2022

Are you anticipating having your home appraised? An impartial appraiser can give a homeowner a reliable assessment of their home’s value for mortgage or refinancing purposes. To get the most money out of the sale of your home, you should prepare for a home appraisal. All of our time is spent at home.

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Cleveland Appraisal Blog

DECEMBER 10, 2022

I’m so sorry for the weeks I missed posting articles last month. Having a garden shed, high-quality bathroom tiles, and an open-concept kitchen and dining area are all well-known ways to increase the value of your home. What people rarely talk about are things that can decrease property value. Hello dear reader!

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Housing Wire

APRIL 3, 2023

In this article I talked about how to look at housing credit getting tighter during the next recession. Today, per the previous existing home sales report, we are at 980,000 total active listings. Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%.

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Housing Wire

MAY 5, 2022

This article is part of our housing market update series. It’s not time to sound the alarms, and there’s no indication that another housing market crash, circa 2008, is about to happen, but there are signs and signals everywhere suggesting that the decade-long boom in home sales may be running out of steam.

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Cleveland Appraisal Blog

AUGUST 25, 2022

When you’re about to buy your first real property outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. This should include repairing any structural damage or major systems before you think about design.

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Cleveland Appraisal Blog

FEBRUARY 24, 2022

Home businesses are becoming more common these days. This week, I welcome back guest blogger June Duncan, who wrote this article for the Cleveland Appraisal Blog. I hope you enjoy her great tips on moving and starting a home business! Finding the right home. Hello everyone! How to keep your move smooth and low stress.

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Housing Wire

MARCH 28, 2022

Logan Mohtashami: One of the things about my work is that I never revise my forecast every month like some economists do because I tend to forecast ranges in data rather than adjust the estimates based on an event. For example, my home price growth forecast for 2022 was between 5.2% – 6.7%; at first, that looked like it was too small.

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Housing Wire

NOVEMBER 2, 2023

Whether you’re looking for exclusive leads or simply aiming to boost your website traffic, this article will help any real estate agent or broker learn how and where to buy real estate leads in 2023. Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions.

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Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. I’ve written about this topic in the past. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value.

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Housing Wire

OCTOBER 31, 2022

From the WSJ article: “ U.S. From the WSJ article: “ U.S. When the Fed says they may need to keep rates higher for longer, I believe that’s them talking tough, as they can fall back on the fact that the labor market is still solid and household balance sheets are good. households still have around $1.7

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Cleveland Appraisal Blog

OCTOBER 29, 2021

If you’re reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, “ Remaining Economic Life “ What does this number indicate? Let’s talk about it.

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