Housing Wire

JANUARY 25, 2023

Long-term mortgage rates responded by rising from 3.25% in early 2022 to over 7.25% in October 2022, more than doubling. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. As inflation eases, so will long term mortgage rates. The overall U.S.

Housing Market 432

Housing Market Marketing Inventory Sellers 432

Housing Wire

NOVEMBER 18, 2022

Existing home sales last month declined 5.9% That’s the largest year over year existing home sales decrease since 2007. 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.

Housing Market 421

Housing Market Marketing Inventory New Listings 421

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. For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06 Purchase borrowers, who now make up 82% of new rate locks, paid an average of 1.16

Inventory 384

Inventory Mortgage New Listings Home Value 384

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 148

Home Value Inventory Mortgage Marketing 148

Housing Wire

MAY 9, 2022

billion in 2020, an increase that ALTA attributed to historic mortgage origination activity and the substantial increase in home values. Incredibly low mortgage rates (led) to an unprecedented increase in real estate transactions and substantially higher home values,” Diane Tomb, the CEO of ALTA said in a statement.

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Insurance Home Value Inventory Real Estate 370

Housing Wire

MARCH 29, 2023

“Homebuyers have been closely watching mortgage rates, which have been volatile during the first few months of the year,” said Lisa Sturtevant, chief economist for Bright MLS. Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.”

Contracts 306

Contracts Realtors Home Value Housing Market 306

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Housing Market Marketing Insurance Mortgage 450

Housing Wire

JULY 29, 2022

The finding was equally confounding on the other side of the distribution where house price growth was weakest; though home values dropped by at least 10% in each of the 10 coldest markets, the number of homes added to the for-sale inventory increased in eight of them. increase to 6.7%

Housing Market 410

Housing Market Sellers Marketing New Listings 410

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Marketing Government Mortgage Sellers 410

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

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. According to data from Statista , there were roughly 5.95 last year.

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Loan Officers Real Estate Agent Real Estate Finance 397

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.

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Home Value Market Value Brokerage Inventory 479

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. It only takes a few bad appraisers doing this kind of thing to cause home prices to artificially inflate. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008.

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Inventory Market Value Appraisal Contracts 243

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 384

Sellers Inventory Housing Market Buyers 384

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. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

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Brokerage Real Estate Clients Insurance 410

Housing Wire

MAY 25, 2021

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. Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. .” Presented by: MCT.

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Supply Chain Inventory Buyers Construction 410

Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S. and Austin. ” Real estate agents and LOs: the great collaboration.

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Housing Market Marketing Real Estate Technology 545

Lamacchia Realty

FEBRUARY 22, 2022

The Pandemic has caused mortgage rates to linger around the 3% range for a while now after having initially dipped into the high twos in what was a historically low number. The lower rates helped keep homes affordable despite the rising prices. Image Source. An eighth of a point increase (.125%) That’s the cost of waiting.

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Mortgage Realty Home Value Inventory 65

Housing Wire

MAY 9, 2022

has its high-priced metro areas, our size and diversity mean that our national home price index won’t ever be driven by just two cities. housing market is more tied to mortgage buyers. We are a monster compared to them in population and the majority of homebuyers in America use mortgages. While the U.S.

Buyers 530

Buyers Housing Market Mortgage Marketing 530

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.

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Marketing Real Estate Agent Real Estate Valuation 69

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.

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Sellers Buyers Home Value Marketing 78

Eppraisal

JANUARY 28, 2022

The United States housing market will continue to struggle with a low inventory of homes available for sale in 2022. Long-term mortgage financing is economical. So, if the market begins to drop, there are plenty of first-time homebuyers and buyers looking to upgrade to more expensive and larger homes that will step in.

Marketing 68

Marketing Home Value Real Estate Housing Market 68

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Prior to COVID, i.e. March of 2020, inventory was already falling. Where Have We Been? Where Do We Stand Now?

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Supply Chain Home Value Inventory Construction 69

Quicken Loans

DECEMBER 16, 2021

Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. In combination with low housing inventory and labor shortages, that drove up selling prices. For anyone interested in buying a home , real estate is still in high demand.

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Housing Market Marketing Inventory Real Estate 78

Housing Wire

SEPTEMBER 27, 2023

Years of rising prices and a prolonged period of increasing mortgage rates have made one issue top of mind for most homebuyers: affordability. Take the Zillow Home Value Index. It measures the typical home value for single-family residences, condominiums and co-ops in the 35th to 65th percentile within their region.

Home Value 421

Home Value Inventory Housing Market Valuation 421

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

Housing Wire

MARCH 15, 2024

Mortgage demand has been on the rise for two weeks in a row. Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday. The typical home in the U.S. That’s up 4.2% compared to February of 2023.

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New Listings Inventory Home Value Contracts 473

Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

Mortgage 473

Mortgage Home Value Valuation Inventory 473

Eppraisal

AUGUST 9, 2022

Back then the economy dove down into a deep recession and home values plummeted. Here are a couple key differences from the last Recession: Home Prices Still Increasing The past few years homeowners have been enjoying property value increases. Inventory levels continue to rise which is slowly balancing out the market.

Real Estate 36

Real Estate Inventory Home Value Buyers 36

Empire Appraisal Group

APRIL 21, 2022

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 ®’s latest Monthly Housing Trends Report. ®’s report.

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Inventory Buyers Construction Realtors 78

Eppraisal

DECEMBER 9, 2022

As buying a home is one of the most important investment decisions you will ever make, it is crucial to understand the current real estate market before you dive in. Home values rose double digits, year-over-year, the past couple years? The housing inventory has been low; however, it is growing?

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Real Estate Agent Real Estate Agents Home Value 68

Eppraisal

SEPTEMBER 22, 2021

According to an article on Bankrate.com, written by Jeff Ostrowski, "Mortgage rates plumbed to new depths in January 2021, setting all-time lows south of 3 percent." The inventory of homes available are historically low as well. The inventory of active listings is still down 52.8% There wasn't a lack of inventory either.

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Real Estate Marketing Inventory Home Value 45

Housing Wire

DECEMBER 13, 2023

What does this mean for mortgage rates? Mortgage rates should get better. ” Mortgage rates track the yield on 10-year U.S. When Treasury yields go down, so do mortgage rates. These cuts will allow mortgage rates to fall faster throughout 2024.

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Inventory Housing Market Mortgage Law 466

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.

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Real Estate Marketing Home Value Realtors 69

Hank Miller Team

MARCH 6, 2024

Greater Atlanta remains one of the strongest national markets, home values are not likely to drop over the next several months. Inventory Favors Sellers, but is Balancing The rate bumps literally shocked and froze the market like Wiley E. A balanced market tends to have 3-5 months of inventory, this was down to 1.1

Real Estate 52

Real Estate Sellers Buyers Inventory 52

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. It's their job to protect the mortgage companies' investments. They work for the mortgage lenders.

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Appraisal Contracts Sellers Home Value 66

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. With limited inventory, home values are on the rise.

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Sellers Loan Officers Inventory Home Value 66