Appraisal Buzz

APRIL 11, 2024

But unlike housing markets of the past, this market isn’t being driven by low mortgage rates or low home prices – the current trickle of sales is coming mainly from people who are facing life events that require them to sell their homes and move.

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Housing Wire

MAY 4, 2023

A paradoxical picture is emerging as the spring market is underway. On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. All major housing market metrics point to a restrained housing market. Mortgage rate fatigue.

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Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event.

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Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he

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Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The event is exclusively for HW+ members , and you can go here to register. But more recently, market conditions have done an about-face. at the end of 2022.

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Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. 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. The result is fewer sales.

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Housing Wire

JANUARY 16, 2023

Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct. The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market.

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Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At You aren’t getting that, but there is still a lot of competitive bidding.”

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Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Have higher rates worked?

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Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. The event is exclusively for HW+ members , and you can go here to register. As inflation eases, so will long term mortgage rates. overnight.

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Housing Wire

JULY 2, 2023

Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data. We have often discussed that the housing market dynamics changed starting Nov.

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Housing Wire

JANUARY 10, 2022

After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Housing Wire

FEBRUARY 3, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. The event is exclusively for HW+ members , and you can go here to register. Mortgage Rates In January, rates were hovering in the 6% range.

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Housing Wire

OCTOBER 5, 2021

home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. Typical sellers received two offers, which is the same as the past three years. This is slightly higher than the number of buyers who reported purchasing a home without a mortgage (68%).

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Sacramento Appraisal Blog

FEBRUARY 21, 2023

The housing market is definitely heating up for the spring, but it still feels frozen with so many buyers and sellers sitting right now. I recently talked about sellers sitting out of the market, but today let’s look at buyers.

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Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. million new households entering the housing market in 2021.

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Housing Wire

JUNE 25, 2023

The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Mortgage rates were again in a small range, hanging near 7%. Also, we must remember that even in 2021, when we had 3% mortgage rates, new listing data was trending at all-time lows.

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Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. How does the sharp increase in rates directly impact those homebuyers?

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Housing Wire

MARCH 1, 2024

While Fischer attributes some of the uptick in activity to typical seasonality, he noted that the recent relative stability and even slight decreases in mortgage rates have also contributed. Both buyers and sellers are coming back to the market,” Fischer said. We have a pretty strong market heading into spring,” Fischer said. “I

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Housing Wire

DECEMBER 29, 2021

A bullish housing market. 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. What a year 2021 has been.

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Housing Wire

FEBRUARY 3, 2022

After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. for much of the year before reaching 6.2% by the year’s end.

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Housing Wire

MAY 3, 2022

Logan Mohtashami: Yes, purchase application data has always been a useful forward looking indicator for housing, especially when we are dealing with higher mortgage rates. The last time we had 5% mortgage rates was in 2018. HousingWire: How are existing home sales trends and inventory affecting the housing market right now?

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Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. The economic data was OK last week.

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Housing Wire

MARCH 28, 2022

Tune in for our next event with Mohtashami happening April 6th at 12 CT in the #articlediscussion channel. 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.

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Housing Wire

APRIL 23, 2024

Three of the biggest topics in housing right now are mortgage rate movements tied to Federal Reserve policymaking, the day-to-day moves in key housing data and forward-looking trends for the housing market. In 2022, I brought up the premise that the Fed will not pivot until the labor market breaks,” he said. “So,

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Housing Wire

NOVEMBER 1, 2021

With mortgage rates falling during the COVID-19 crisis, many households were able to refinance to lower payments. Because a mortgage payment is almost always the most prominent payment households make each month, lower payments have allowed homeowners who bought homes to have better cash flow over the last few years. Already a member?

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Housing Market Sellers Inventory Mortgage 545

Housing Wire

DECEMBER 21, 2022

. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. Plus, available housing inventory remains near historic lows.” This is the biggest story in housing. . economic history. . As we can see below, the U.S.

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Housing Wire

MAY 14, 2024

“In April, purchase open orders per day were up 4% over last year, but higher mortgage rates may temper purchase volumes going forward. Looking ahead, while Nolan believes that the housing market will rebound, he noted that the timing is “uncertain and largely dependent on lower mortgage rates.”

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Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. The event is exclusively for HW+ members , and you can go here to register. Then, the mortgage interest rates were in the low-4% range. Today, the average is 2.7

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Housing Wire

JANUARY 12, 2024

homeowners with mortgages had an interest rate below 6%. To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023. Many homeowners choose to sell because of major life events, such as a marriage, a new child, a new job, or a divorce.

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Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The event is exclusively for HW+ members , and you can go here to register. Home sales bottoming out as sellers eventually capitulate on price.

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Housing Wire

MAY 17, 2023

Incentivized by a 200 basis point decline in mortgage rates, 14 million homeowners in America refinanced their mortgages between the second quarter of 2020 and the fourth quarter of 2021, according to a recent research report by the New York Fed. They don’t want to give up that mortgage rate. So where do housing pros turn?

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DW Slater Company

JANUARY 30, 2023

As I type, we are receiving winter weather watch notifications as we are getting ready for a more dangerous icing event here in North Texas this week. As we prepare for the coming cold, I am reminded that, although dramatic, most of the weather events here never last long. What’s happening in the housing markets?

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Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Housing Wire

JANUARY 24, 2024

Limited housing supply and a continuation of high home prices in many markets nationwide in 2023 restricted many first-time homebuyers from entering the housing market and finding their dream homes. The Mortgage Bankers Association predicts that the average rate on 30-year mortgages could be 6.1%

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Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022.

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