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Dave Stevens on understanding this housing market

Housing Wire

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.

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Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

“More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”.

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A closer look at housing markets across the country

Housing Wire

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. The “Queen city of the Ozarks” needs more homes.

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Fla. Top State for 2022 Home Value Increases

Empire Appraisal Group

Top State for 2022 Home Value Increases | Florida Realtors Fla. Top State for 2022 Home Value Increases By Dylan Abad Analysis finds Fla. home prices rose 17.27% last year, the most in the U.S., But in last-place Idaho, values sank 0.18%. The average value of a home there was estimated to be $386,000.

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Millennials on the Move: Top 10 Hottest Housing Markets Backed by Data and Desirability

Eppraisal

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.

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Real Estate Heats Up Across U.S., Housing Demands Rise

Appraisal Buzz

The 2022 housing markets across the U.S. According to the National Association of Realtors, home values increased by 16.9% Housing Demands Rise appeared first on theMReport.com. are still experiencing the groundbreaking demand that arose during the early stages of the pandemic nearly two years ago.

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Home prices grew in 93% of markets in Q1 2024: NAR

Housing Wire

Out of 221 metro markets analyzed, 205 (93%) posted yearly home price gains in Q1 2024, while 30% experienced double-digit price gains during the same period — up from 15% in the fourth quarter of 2023 — according to the National Association of Realtors ’ (NAR) newest quarterly report. Households typically allocated 24.2%

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