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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

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. regions, but declined in the West, according to the National Association of Realtors. The number of pending homes in the Northeast rose 6.5%

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A closer look at housing markets across the country

Housing Wire

That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. The “Queen city of the Ozarks” needs more homes. Still, Augusta home prices are not immune to national trends.

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Rate buydowns are the cat’s meow in today’s market

Housing Wire

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” So, while the rate of home-price gains is trending downward, home values are still appreciating overall. in 2022, the weakest showing since 2014.

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Listing Prices Hit Highest Median Ever

Empire Appraisal Group

Source: Listing Prices Hit Highest Median Ever | Realtor Magazine. However, economists say that buyers may soon see relief with expectations of more inventory coming that could help relieve some of the pricing pressures. Housing inventory is expected to hit positive territory year over year this summer, according to realtor.com®’s

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What to Expect from the Real Estate Market This Winter

Eppraisal

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. Again, good news for sellers; a headache for seekers.

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How Will the Fall Market in 2021 Be Different?

Eppraisal

The market normally remains strong, and home values rise, through the spring and summer months. These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." Real estate is cyclical year-over-year.

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Inflation's Impact on the Housing Market

Eppraisal

When it costs more to build a home, it will become pricier to buy that dwelling because -- after all the extra expense -- the builder needs to get paid too. Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. Who Does Inflation Help?