Real Estate News and Auction

Home prices nationwide, including distressed sales, increased year over year by 5.3% in March 2024 compared with March 2023. On a month-over-month basis, home prices grew by 1.2% in March 2024 compared with February 2024 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results). Forecast Prices Nationally The CoreLogic HPI Forecast indicates that home prices will rise by 0.8% from March 2024 to April 2024 and increase by 3.7% on a year-over-year basis from March 2024 to March 2025.

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#KenMcElroy #RealEstate #RealEstateInvesting

https://mountainlakerealty.bidhom.com/asset-details/?property_id=1274

Scottsdale City Council passed all three law changes to crack down on unruly short-term rentals.

On today’s episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about the jobs data and what it means for mortgage rates.

Related to this episode:

- U.S. hiring slowed in April, missing estimates: https://www.housingwire.com/articles/u-s-hiring-slowed-in-april-missing-estimates/

- Logan Mohtashami | LinkedIn: https://www.linkedin.com/in/logan-mohtashami-5167631

- Sarah Wheeler | LinkedIn: https://linkedin.com/in/sarah-tester-wheeler

- HousingWire: https://www.housingwire.com/

Enjoy the episode!

The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.

A temporary buydown allows homebuyers to lower their interest rate for the first several years of their mortgage loan, helping them ease into ownership and save money. .

https://azflatfeebuyerbroker.com/

Auctions typically have a set date and time, creating a sense of urgency for buyers to make a decision. This urgency can motivate potential buyers to act quickly and decisively.

Features, amenities, floor plans, elevations, and designs vary and are subject to changes or substitution without notice. Items shown are artist’s renderings and may contain options that are not standard on all models or not included in the purchase price.

Australian home values continued to trend higher in April with CoreLogic’s national Home Value Index (HVI) rising 0.6%.

On today’s Hot Sheet, Byron Lazine discusses housing inventory and NAR’s report on existing home sales in March.


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ousingmarket #housinginventory #homesales

Assumable mortgages — or low-rate mortgages that home buyers can take over from home sellers — are making a comeback. The process can be challenging.

12246 W PASO TRL, Peoria, AZ 85383  OPENING BID 445K

https://mountainlakerealty.bidhom.com/asset-details/?property_id=1274

The NAR settlement does not address home search portals, but Zillow wants to make it easier for buyers to try out an agent in a way that aligns with new rules.

It was an action-packed week for the housing and mortgage market. Wednesday's Fed announcement was the highlight, but we also got several economic reports that caused rate volatility. Thankfully, it was mostly the good kind.

The week got off to a slightly stronger start with Monday's only major rate news being updated borrowing estimates from the Treasury Department.  Why would such a thing matter? 

Treasuries largely dictate day to day interest rate momentum in the U.S. because they are abundant, simple, and as close to risk-free as it gets.  As such, Treasuries are the universal yardstick for all other debt in the U.S., including MBS, the mortgage-backed securities that have the most direct impact on mortgage rates.  This is why Treasury yields and mortgage rates correlate so well over time.

Ahead of our upcoming REALTORS® Legislative Meetings in Washington, D.C., we wanted to share key details of the required practice changes under our Settlement Agreement. These practice changes result in revisions to the MLS policy handbook which are summarized below. The revised policies will go into effect on August 17, 2024. A more detailed explanation of each practice change is available on facts.realtor.

https://arizonarealestateauctions.com/

Now more than ever, it's time to be your own real estate agent.