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New listings surge as the spring buying season approaches

Housing Wire

New listings ticked up by 21% in February compared to last year, according to Zillow ’s February report. New listings rose 20% from January, and each of the 50 largest U.S. metros experienced an increase in new listings. Texas and Florida saw the biggest jump in new listings, year over year.

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Zillow: Luxury housing market slowed in April

Housing Wire

The luxury housing market lost momentum in April as financial uncertainty prompted many high-end buyers and sellers to hold off on transactions, according to a new report from Zillow. Defined as the top 5% of home values in each region, the typical luxury home in the U.S. is now valued at about $1.8

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Zillow, Fannie Mae diverge on 2025 housing market predictions

Housing Wire

Home values are forecast to tick up 2.2% Notably, while the flow of new listings to the market is still nearly 14% lower than it was before the COVID-19 pandemic, its much improved to compared to the deficit of 25% in March 2024. Zillow says that 2024 will finish with 4.06 million in 2025. in 2025, in line with the 2.3%

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Zillow Reveals 2024’s ‘Most Desirable’ Cities 

Appraisal Buzz

cities, such as page-view traffic, home value increase, and the speed at which properties sell, in order to identify the most popular markets in 2024. Adding to the price pressure, new listings can remain sparse in the hottest spots as existing owners continue to hold on and hold back. to $415,000 in the last year.

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Luxury Home Prices Increased in April Despite Slowing Sales

Appraisal Buzz

Sales of luxury homes slowed in April — but that didn’t stop luxury home prices from rising: According to recent report from Zillow , luxury home market values were higher than April last year in all major metros except Austin, Tampa and Miami. Despite the slowdown, luxury home values increased 2.7%

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Sellers Listing Their Homes … But Buyers Aren’t Biting 

Appraisal Buzz

May 2024 Market Report Highlights Home values climbed month over month in all 50 of the nation’s largest metro areas in May. The smallest monthly appreciation was in Austin (0.2%), Tampa (0.3%), San Antonio (0.3%), Orlando (0.3%), and New Orleans (0.4%). Home values are down from year-ago levels in three major metro areas.

Sellers 397
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Spring Housing Inventory Jumps, But Buyers Remain Hesitant Amid Economic Turmoil 

Appraisal Buzz

March saw the greatest number of new home listings in three years, up 10.2% The price per square foot increased 1.3%, indicating modest improvement in home values, but the national median list price for homes remained at $424,900, unchanged from the previous year. Active listings +28.5% -20.0%

Inventory 335