Housing Wire

NOVEMBER 18, 2022

“The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”. Both a pullback in demand and limited supply remain vexing problems for the housing market. Total housing inventory at the end of October was 1.22 million units, which was down 0.8%

Housing Market 417

Housing Market Marketing Inventory New Listings 417

Housing Wire

JANUARY 7, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. I sold a home to a hedge fund guy in New York.

Housing Market 395

Housing Market Marketing Real Estate Agent Agents 395

Housing Wire

APRIL 15, 2024

Competition in the housing market is heating up heading into May and June. Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report.

Housing Market 437

Housing Market Inventory Buyers New Listings 437

Appraisal Buzz

MAY 19, 2022

According to the latest Zillow Real Estate Market Report, the housing market is as competitive as ever, moving at record pace. Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates.

Housing Market 150

Housing Market Marketing Home Value Real Estate 150

D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. How is Home Value Measured?

Renovations 117

Renovations Home Value Market Value Valuation 117

Housing Wire

JULY 25, 2023

One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago. The rising costs and lack of availability of homeowners insurance has forced many homeowners and buyers to turn to Citizens Property Insurance Corporation , the state’s insurer of last resort.

Insurance 370

Insurance Housing Market Marketing Agents 370

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

Buyers 539

Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values.

Inventory 462

Inventory Home Value Housing Market Buyers 462

Eppraisal

FEBRUARY 9, 2024

Here are the top ten hottest housing markets that millennials are flocking to, backed by compelling statistics that underscore their appeal. The city's median home value surged by 18.4% The city's median home value surged by 18.4% The city's job market expanded by 2.4% Census Bureau.

Housing Market 74

Housing Market Home Value Marketing Realtors 74

Eppraisal

OCTOBER 10, 2023

Updating the baseboards, crown molding and trim can add an extra touch of elegance to your home. Buyers often notice these intricate details that give a home its character. They see it as a sign of craftsmanship and are willing to pay more for homes with these charming touches.

Home Value 69

Home Value Renovations Buyers Realtors 69

Housing Wire

MARCH 25, 2021

However, there are two popular options lenders use with buyers. How much house can you afford to buy? Buying a house that needs work? A homebuyer’s guide to a competitive housing market. Here’s how to get an instant offer on your home. More for Real Estate Enthusiasts. Projects to avoid.

Buyers 542

Buyers Finance Home Value Real Estate 542

Housing Wire

NOVEMBER 28, 2023

That’s because the FHFA’s conforming loan limit increase is based on a formula related to home-price data in the third quarter of each year. The regulator compares home prices year over year and adjusts the limit by the corresponding amount. These loans would normally end at the jumbo market , which is dominated by banks.

Finance 532

Finance Government Law Mortgage 532

Housing Wire

JANUARY 17, 2024

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. stares down the barrel of a considerable economic downturn.

Finance 454

Finance Real Estate Agent Real Estate Insurance 454

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

Housing Market 383

Housing Market Finance Marketing Mortgage 383

Appraisal Buzz

MAY 6, 2024

And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket. As the industry grapples with these changes, innovative solutions like 3D-printed housing offer a glimpse into a more resilient and affordable future. The post Going to Extremes appeared first on Appraisal Buzz.

HOA 370

HOA Insurance Legal Fees Valuation 370

Housing Wire

JUNE 10, 2022

We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are Are we in a housing bubble?” As rates rise, it becomes more expensive to borrow money for a home purchase.

Sellers 383

Sellers Housing Market Inventory Buyers 383

Housing Wire

OCTOBER 3, 2022

The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter homebuying season. The housing market has not seen such a significant two-month drop in prices since shortly after the collapse of Lehman Brothers in winter of 2008, Black Knight said on Monday.

Inventory 525

Inventory Home Value Housing Market Mortgage 525

Quicken Loans

DECEMBER 16, 2021

Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In addition, home values and sales skyrocketed. So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. real estate market is hot. Home Inventory Will Slowly Rise.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Housing Wire

OCTOBER 16, 2020

million homes are located in areas at high risk of wildfire across the states of Washington, Oregon and California, with a total estimated home value of $3.3 Redfin said that for Bay Area homebuyers who are priced out of San Francisco , where the median home sold for $1.45 More than 4.5 trillion, a new Redfin report said.

Housing Market 501

Housing Market Home Value Contracts Marketing 501

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Pending home sales decreased in all four regions compared to one year ago. Pending home sales rose 0.4% Don’t call it a comeback?

Contracts 304

Contracts Realtors Home Value Housing Market 304

Housing Wire

MAY 9, 2022

As you can see above, other countries have experienced steep home-price growth and Canada is leading the way. housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs.

Buyers 529

Buyers Housing Market Mortgage Marketing 529

Housing Wire

APRIL 24, 2023

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Lower homeownership rates mean there will be fewer buyers. For decades, the U.S.

Legal 383

Legal Housing Market Government Buyers 383

McKissock

MARCH 11, 2022

housing market. Congresswoman Maxine Waters has announced plans to propose federal legislation designed to reduce the racial gap in home appraisals. housing market. ” This Redfin News article provides an overview of “how drastically the housing market has changed since then.”

Housing Market 79

Housing Market Appraisal Marketing Home Value 79

Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. Here’s a closer look at which four factors are creating this never-before-seen market. The 4 reasons that today’s housing market is unlike any other. Bidding wars and high buyer competition.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Housing Wire

MARCH 9, 2021

“Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated. In the predominantly Black areas of Chicago, people who bought homes experienced an enormous percentage equity gain of 750% from 2019 to January 2021. Newark and Washington, D.C.

Home Value 475

Home Value Market Value Brokerage Inventory 475

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. You can see that’s a really big impact for that first-time buyer, giving them the ability to kind of ease into that payment.”

Marketing 407

Marketing Government Mortgage Sellers 407

Housing Wire

MAY 25, 2021

Phoenix saw a 20% year-over-year home price increase, followed by San Diego with a 19.1% Home price data is consistent with the hypothesis that COVID-19 has encouraged potential buyers to move from urban apartments to suburban homes,” Lazzara said. ” Technology for navigating secondary market challenges.

Supply Chain 407

Supply Chain Inventory Buyers Construction 407

Housing Wire

JANUARY 16, 2024

This has put a strain on the inventory of three-bedroom-plus homes, making it harder for a millennial to buy one.

Inventory 469

Inventory Home Value Mortgage Buyers 469

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should buyers and sellers be doing right now? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. Or are some doing better than others?

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Eppraisal

JANUARY 28, 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% " It is already happening, especially in the hot markets. Housing Market Crash in 2022?

Marketing 68

Marketing Home Value Real Estate Housing Market 68

Eppraisal

FEBRUARY 22, 2022

Just as inflation drives up the value of lumber, light bulbs, potatoes, chicken and women's shoes, it boosts home values in the same way. For instance, and for simplicity, if there are 30 identical houses and $600 in circulation, each property would be priced at $20. Proceeds from the sale are that much higher.

Housing Market 36

Housing Market Marketing Property Taxes Home Value 36

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Another issue that led to the housing crash of 2008, was unqualified buyers who were able to secure mortgages on homes they couldn’t really afford. Or buyers are walking away from the deal. And the saga continues.

Inventory 243

Inventory Market Value Appraisal Contracts 243

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 many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

Housing Market 515

Housing Market Marketing Supply Chain Mortgage 515

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

Housing Market 395

Housing Market Marketing Supply Chain Real Estate 395

Robinson Appraisal Group

NOVEMBER 25, 2022

Interest rates play a crucial role in the housing market. 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.

Real Estate 88

Real Estate Buyers Investors Home Value 88

Housing Wire

NOVEMBER 7, 2023

“If somebody is concerned about that (taxes), I always put it back on the buyer and ask them, ‘Do you have any control in the increase of your rent payment?’” single-family home was $3,901, up 3% compared to 2021, ATTOM reported. For sure, it can dampen demand and, by extension, harm prices in some markets.”

Property Taxes 541

Property Taxes Home Value Government Buyers 541