Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022.

Housing Market 400

Housing Market Sellers Marketing New Listings 400

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. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2% in year three.

Marketing 404

Marketing Government Mortgage Sellers 404

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. markets; by December 2020, prices were already up 23.6% Pueblo, Colo. ,

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

JULY 26, 2021

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price. Justice Department charges of fair-lending violations.

Mortgage 498

Mortgage Lending Real Estate Agent Government 498

Housing Wire

APRIL 17, 2023

Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. Of those who plan to remain in their homes, about one-third (36%) specifically cite high interest rates as the reason for staying put.

Mortgage 319

Mortgage Finance Investing Home Value 319

Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories.

Inventory 389

Inventory Technology Design Tools 389

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. In turn, borrowers who are entering the market are leaning heavily toward buying down their first lien interest rates by paying points up front. Prior to the pandemic, buyers paid closer to 0.5

Inventory 382

Inventory Mortgage New Listings Home Value 382

Housing Wire

JANUARY 16, 2024

Redfin attributes these divides to a variety of factors , the most salient of which is that over half (54%) of baby boomers who own homes have no mortgage and those who do have a mortgage have a much lower interest rate than the rate they would end up with if they sold and bought today.

Inventory 443

Inventory Home Value Mortgage Buyers 443

Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. Despite the advancements in title technology, there are still broad misconceptions across the mortgage industry.

Insurance 325

Insurance Home Value Inventory Real Estate 325

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% Overall, contract signings were down 21.1%

Contracts 295

Contracts Realtors Home Value Housing Market 295

Inman

AUGUST 14, 2023

homes valued at $1 million or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis shows. The share of U.S.

Home Value 132

Home Value Inventory Mortgage Marketing 132

Housing Wire

JULY 28, 2023

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% In June, the typical starter home sold for a record $243,000, up 2.1%

Buyers 370

Buyers Housing Market Investors Real Estate 370

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 382

Sellers Inventory Housing Market Buyers 382

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. million homes bought and sold in the U.S. Why is this market underserved? last year.

Loan Officers 387

Loan Officers Real Estate Agent Real Estate Finance 387

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Just as different types of leaven can be used to make bread rise, and even change the flavor of the bread, increasing home prices can result from different situations.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth. Pay attention to rental inventory, too.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. Ours is to buy at the market price and sell it at higher-than-market price and give 100% of the upside to the consumer.”

Brokerage 403

Brokerage Real Estate Clients Insurance 403

Housing Wire

MAY 25, 2021

” Technology for navigating secondary market challenges. In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. Presented by: MCT.

Supply Chain 404

Supply Chain Inventory Buyers Construction 404

Housing Wire

MARCH 9, 2021

In 2019, the typical homeowner in a primarily white neighborhood had $33,000 more home equity than the typical homeowner in a primarily Black neighborhood. “Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated.

Home Value 471

Home Value Market Value Brokerage Inventory 471

Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. Over the past three years, the real estate market has seen unprecedented milestones. From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different.

Housing Market 80

Housing Market Marketing Inventory Sellers 80

Eppraisal

JANUARY 28, 2022

Historically, the real estate market slows down over the winter months and prices level off or sometimes go down. The 2021 real estate market was a record-breaking year. It is predicted to go from a record-breaking market to a hot market in 2022. Home sales are expected to increase another 6.6% in 2020 and 16.9%

Marketing 68

Marketing Home Value Real Estate Housing Market 68

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. Will the U.S.

Buyers 527

Buyers Housing Market Mortgage Marketing 527

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. real estate market is hot.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Eppraisal

OCTOBER 5, 2022

Now that the real estate market is transitioning with softening sales and rising interest rates, it is important to be in the know as a home buyer. As a buyer in a transitioning market, you have more to prepare for. Premium Prices The housing market continues to display high, premium home prices.

Buyers 68

Buyers Real Estate Agent Marketing Sellers 68

Eppraisal

DECEMBER 6, 2022

An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. In this post, we talk about how issues near and far play a role in home sales. Similarly, higher rates might price some purchasers out of receiving mortgage loans.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Eppraisal

JUNE 28, 2022

The summer of 2022 real estate market is starting to slowly shift. Gas, food and utility bill prices are skyrocketing and mortgage interest rates have almost doubled since their historical lows the last couple years. Conversely, the changes are forcing some buyers out of the market. This is because home prices keep rising.

Marketing 36

Marketing Real Estate Sellers Inventory 36

Eppraisal

APRIL 5, 2021

Although the real estate market was not immune from the effects of business shutdowns and curtailments in 2020, neither was it hobbled: unprecedented low mortgage rates; strong millennial demand; and the flight from city to suburbs hastened buying and selling in America.

Marketing 36

Marketing Mortgage Finance Home Value 36

Eppraisal

JUNE 8, 2021

Record sales, high prices, and lots of competition are only a few of the many challenges' buyers are facing in today's market. Here's what to be prepared for: Competition Inventory is at its lowest point in many years. Prices Too High Home values are rising. Home values have risen. The competition is fierce.

Marketing 69

Marketing Sellers Buyers Home Value 69

Listing Spark

JANUARY 12, 2023

In this episode of Real Estate Real Fast, Aaron Jistel discussed the market trends of 2022 and 2023. Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Price drops are becoming more normal, and we can expect home values to decrease by 10-15% on average across major markets.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Yet if history demonstrates anything, it reveals the cyclical nature of the real estate market. Yet Fannie Mae sees no housing market damper on the horizon despite these higher rates. percent or so.

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Lamacchia Realty

JUNE 10, 2022

The cooler summer market is the adjustment that has been needed for over a year and a half. A slight adjustment now is better than a major market adjustment years down the line. A slight adjustment now is better than a major market adjustment years down the line. Congratulations, frustrated home buyers !

Marketing 62

Marketing Sellers Buyers Inventory 62

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. The markets currently believed that the chance of a 0.75

Sellers 78

Sellers Buyers Home Value Marketing 78

Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The real estate market is nothing like it was back then. Current State of the Real Estate Market The real estate market is still sizzling hot. The inventory of active listings is still down 52.8%

Real Estate 45

Real Estate Marketing Inventory Home Value 45

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $948,706 (2023) | $1,058,316 (2024) Condos & Townhomes: $504,195 (2023) | $533,283 (2024) Homes Listed For Sale: T he number of homes listed is up by 24% when compared to January 2023. 2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1%

Inventory 52

Inventory Sellers Real Estate Buyers 52

Eppraisal

MAY 13, 2022

Last year the real estate market was unlike any other. It was a sizzling hot seller's market, as sellers took advantage of the low housing inventory available for sale. This spring, the real estate market has experienced some changes that will affect the summer real estate market. The 52-week low is 3.00%."

Marketing 36

Marketing Real Estate Sellers Home Value 36

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 south florida housing report July Highlights Mortgage rates and limited inventory continue to be the driving factors behind today’s real estate market data – specifically sticking out when looking at home sales and new listings which are both down across all counties and categories in South Florida.

New Listings 54

New Listings Inventory Real Estate Sellers 54

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. A housing inventory shortage. Climbing home prices.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49