Housing Wire

DECEMBER 26, 2023

Despite lower sales activity, home prices continued their upward trend in October, according to the S&P CoreLogic Case-Shiller Home Price Index. The data released on Tuesday shows that home prices in all nine U.S. home prices “accelerated at their fastest annual rate of the year in October,” Brian D.

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Inventory Real Estate Mortgage Marketing 495

Housing Wire

FEBRUARY 7, 2024

home prices posted their highest yearly rate of appreciation since January 2023, reaching 5.5% year over year in December, according to CoreLogic ’s Home Price Index. Home prices declined by 0.1% Price appreciation slowed greatly over the past year to 3.9%, down from 14.5% Where are prices likely to fall?

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Inventory Housing Market Mortgage Marketing 468

Housing Wire

DECEMBER 12, 2023

Consumer prices were up 3.1% Core” price growth, excluding food and energy, remained unchanged in November from the prior month, hovering at 4.0%. However, the index for shelter continued to climb month over month in November, offsetting a decline in gas prices. Traders priced in a nearly 98.4% month over month and 6.5%

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Housing Wire

JANUARY 30, 2024

Home prices maintained considerable momentum in late 2023. National Home Price Index posted a 5.1% Detroit held its position as the best-performing market for the third month in a row Markets in the Northeast and the Midwest posted some of the fastest-growing home prices while some Western markets are picking up.

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Mortgage Buyers Housing Market Marketing 425

Housing Wire

JANUARY 6, 2024

Will the number of homes that take a price cut this year drop below 2023 levels? If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. I believe we should get more sellers in 2024 than in 2023, but that doesn’t necessarily mean home prices will fall.

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Inventory New Listings Housing Market Mortgage 542

Housing Wire

APRIL 1, 2024

Today’s unique market requires flexibility and a pricing engine that empowers lenders and their loan officers to put the right loan products in front of borrowers. Lenders that prioritize agility have the unique opportunity to create value in an instant, and that is only bolstered by the flexibility and stability of the right pricing engine.

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Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Now lets take a look at the weekly inventory data.

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Housing Wire

OCTOBER 31, 2023

Following July’s mini rally , home prices posted a 2.6% annual gain in August, according to the S&P CoreLogic Case-Shiller Home Price Index. home prices continued to rise in August 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement. The median existing-home sale price rose 2.8%

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Inventory Housing Market Contracts Realtors 473

Housing Wire

NOVEMBER 28, 2023

Home prices rallied in September, as homebuyers still outnumbered sellers. Home prices posted a 3.9% gain in the previous month, according to the S&P CoreLogic Case-Shiller Home Price Index. home prices continued their rally in September 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement.“Our

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Housing Wire

MAY 21, 2023

Lender Price , a leading provider of mortgage loan product and pricing technology, has launched Base Price Solution (BPS), a new pricing tool designed to help banks, lenders, and credit unions optimize their pricing strategies. ” .

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Housing Wire

SEPTEMBER 26, 2023

After three consecutive months of annual price declines, home prices in July were up 0.98%, according to the S&P CoreLogic Case-Shiller Home Price Index. home prices continued to rally in July 2023,” Craig Lazzara, managing director at S&P DJI , said. Month-over-month, the U.S. increase and 20-City Composite a 0.9%

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Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. Traditionally at this time of year purchase apps rise and the number of price cuts fall. That increase matched the slope of the inventory increase, and people needed to cut prices to sell their homes.

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Housing Wire

JANUARY 13, 2024

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. Price cut percentage Every year, one third of all homes take a price cut before they sell — there is nothing abnormal about that. This is the price-cut percentage for the same week over the last few years: 2024 32.2%

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Housing Wire

SEPTEMBER 21, 2023

Existing home prices are up 3.9% The median existing-home price for all housing types in August was $407,100, an increase of 3.9% regions posted price increases. history, and we all paid the price with massive home price gains in a short amount of time. Also, pricing was weaker in the second half of 2022 as well.

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Inventory Housing Market Mortgage Marketing 515

Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said.

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Mortgage Loan Officers Real Estate Agent Design 409

Sacramento Appraisal Blog

NOVEMBER 1, 2023

Pricing low on purpose can be a triggering issue. But pricing low is pretty much the norm in the Bay Area. People have always told me that, and I finally […] The post Pricing low on purpose: Bay Area vs Sacramento first appeared on Sacramento Appraisal Blog. And let’s not even talk about auction platforms.

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Agents Buyers Appraisal Housing Market 361

Housing Wire

NOVEMBER 28, 2023

house prices rallied again in the third quarter of 2023. In fact, home prices rose 2.1% year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Home prices appreciated in almost all 50 states year over year. in home-price gains, respectively. quarter over quarter and 5.5%

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Inventory New Listings Finance Buyers 469

Housing Wire

JUNE 8, 2022

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? 2012: What they said: Shadow inventory will cause prices to fall. The reality: Home prices grew because inventory fell once again. The reality: Inventory fell again and home prices rose.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

FEBRUARY 10, 2024

So far in 2024, fewer homes are taking price cuts than in 2023, and this trend is on the verge of breaking below the 2023 lows in price cuts percentages. Price-cut percentage Every year, one-third of all homes take a price cut before selling — this is a traditional housing activity.

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Housing Wire

SEPTEMBER 12, 2023

home price gains rose 2.5% The annual acceleration reflects six consecutive monthly gains, which drove prices about 5% higher compared to the February bottom, according to CoreLogic ‘s Home Price Index. In other words, home prices are still growing but are in line with historic seasonal expectations.” by July 2024.

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Inventory Buyers Mortgage Marketing 427

Housing Wire

JUNE 9, 2023

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years. That is the next step of this process.

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Inventory Housing Market New Listings Mortgage 545

Appraisal Buzz

APRIL 26, 2024

Photo: Alexander Grey The post Homebuyer Affordability Declined in March as Rates, Home Prices Increased appeared first on MortgageOrb. The post Homebuyer Affordability Declined in March as Rates, Home Prices Increased appeared first on Appraisal Buzz.

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Sellers Housing Market Mortgage Buyers 195

Housing Wire

FEBRUARY 14, 2024

Aceable Agent Pricing Package offerings and pricing will vary by state, but most states offer Basic, Premium and Deluxe prelicensing packages. See below for a sample range of course pricing in the most populous states. Additionally, the guarantee is not applicable in Florida due to state law.

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Agents Real Estate Real Estate Agent Design 391

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% According to the brokerage, 6.5% the month prior.

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Sellers Buyers Inventory Real Estate Agent 505

Housing Wire

AUGUST 18, 2023

A great Listing pre-qualification script pulls out critical facts so you can be best prepared to not just take the listing, but to price it right in the first place! Price it to sell, not to sit. The best price reduction conversation is the one you never have to have. Proper previous planning prevents pitifully poor pricing!

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Housing Wire

FEBRUARY 28, 2023

year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% for the year as a whole, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. Nationwide, home prices posted an annual gain of 5.8% in December, down from 7.6%

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Inventory Housing Market Contracts Realtors 402

Housing Wire

OCTOBER 3, 2022

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. Home prices are beginning to fall from post-pandemic peaks but remain up 12.1%

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Housing Wire

JANUARY 31, 2023

Yearly home price growth continued to cool in November as mortgage rates reached some of their highest levels in decades, which resulted in annual home price gains shrinking for the eight consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. in October.

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Housing Wire

APRIL 25, 2023

Home price growth cooled further in February, falling to an annual growth rate of 2.0%, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. Home price trends moderated in February 2023,” Craig Lazzara, the managing director at S&P DJI, said in a statement. in February.

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Inventory Contracts Buyers Sellers 372

Housing Wire

JANUARY 2, 2023

Annual home price growth continued to slow in October, with the year-over-year price gain shrinking for the seventh consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released last Tuesday. Nationwide home prices posted a yearly gain of 9.2% annual increase, down from 10.4%

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Home Value Housing Market Contracts Sellers 394

Appraisal Buzz

APRIL 3, 2024

home prices are forecast to increase 2.9% Even with the high prices and mortgage rates, overall home prices are still trending up, driven by competition among homebuyers in the face of scarce listings. Photo: Dillon Kydd The post Veros: Low Inventory Will Continue to Boost Home Prices Through 2024 appeared first on MortgageOrb.

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Inventory Real Estate Mortgage Appraisal 284

Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. Both the 10-city and 20-city composite price indexes posted annual declines but monthly gains. before seasonal adjustment.

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Mortgage Inventory Construction New Listings 406

Housing Wire

FEBRUARY 22, 2022

The S&P CoreLogic Case-Shiller 20-city price index posted a 18.6% The national home price index showed similar helium, with an 18.8% growth rate between December 2021 and December 2020, basically in line with price growth in November. house prices rose 17.5% year-over-year gain in December, up marginally from 18.3%

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Inventory Finance Buyers Mortgage 417

Housing Wire

OCTOBER 4, 2022

Even as home prices continued to post strong year-over-year growth in August, rising 13.5% for the 127th consecutive month of annual gains, CoreLogic is predicting much smaller yearly home price growth moving forward. Month-over-month , home prices declined 0.7% year-over-year from August 2022 to August 2023.

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Agents Marketing Buyers Mortgage 437

Housing Wire

JANUARY 11, 2023

Michigan-based United Wholesale Mortgage (UWM) is taking another step to aggressively reduce its prices in order to gain market share in a shrinking mortgage market. . According to a spokesperson for the company, LOs can apply their own pricing enhancement to their borrowers with these basis points. ” .

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Sacramento Appraisal Blog

NOVEMBER 8, 2022

Today I want to talk about price trends, and I hope this is helpful – whether you’re local or not. The post Saying goodbye to pandemic home price gains first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. In Sacramento, we’ve actually lost 40% of the pandemic gains since May.

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Housing Wire

DECEMBER 11, 2023

Loan discounts — known as pricing exceptions — is when a lender makes exceptions to its established credit standards. Whether certain borrowers – based on race, gender and age – received fewer pricing exceptions, violating U.S. Whether certain borrowers – based on race, gender and age – received fewer pricing exceptions, violating U.S.

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