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Cuffing Season or House Hacking? Pacaso Reports More Than 21% Growth in Co-Ownership Across the U.S. this Valentine's Day

Retrieved on:

Wednesday, February 14, 2024

Appraiser, Friends, Growth, Family, HPI, Cryptocurrency

SAN FRANCISCO, Feb. 14, 2024 /PRNewswire/ -- Pacaso, a technology-enabled real estate marketplace that helps people buy, co-own, and sell a vacation home, reports more than 21% growth in co-ownership across the U.S. year-over-year in its inaugural Co-Ownership Growth Report. The report identifies the top ten counties with the most significant annual increases in co-ownership home transactions, along with their corresponding year-over-year Home Price Index (HPI) growth. Co-ownership in these counties experienced a substantial growth rate of 21.1% and an average HPI increase of 6.18%. Timed to coincide with Valentine's Day, this cuffing-season trend highlights a growing preference for shared real estate ownership, extending beyond romantic partnerships.

Key Points:

Co-ownership in these counties experienced a substantial growth rate of 21.1% and an average HPI increase of 6.18%.
Timed to coincide with Valentine's Day, this cuffing-season trend highlights a growing preference for shared real estate ownership, extending beyond romantic partnerships.
In our recent report, we affirm that in regions experiencing the highest co-ownership growth, there has also been noteworthy year-over-year growth in home prices," said Pacaso CEO and Co-Founder Austin Allison.
With a thriving community of more than 1,500 happy owners, Pacaso operates in 40 destination communities spanning four countries.

Appraisal Institute Update for the Fourth Quarter of 2023

Retrieved on:

Thursday, January 18, 2024

Doctor of Philosophy, Multimedia, SRA, Appraisal Institute, Appraiser, Nursing

"The last quarter presented several challenges, some unexpected, and difficult, but necessary decisions.

Key Points:

"The last quarter presented several challenges, some unexpected, and difficult, but necessary decisions.
The major developments of the last quarter demonstrate the Appraisal Institute's commitment to change, guided by the interests of its members and chapters.
I'm pleased with the progress of the first phases of our re-organization, and grateful for the sincere support I've felt from our members, chapters and Board members," said Appraisal Institute CEO Cindy Chance, PhD.
Cindy's relentless efforts to advance our mission, centered on Appraisal Institute members and chapters, will remain the focus of both internal reporting and stakeholder updates and communications alike in 2024 and onwards."

Home Price Growth Falls Further in Fourth Quarter

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Tuesday, January 16, 2024

Acceleration, OTCQB, Housing, Economy, Research, Appraiser, Millennials, Index, Fannie Mae, ESR, Growth, Real estate

WASHINGTON, Jan. 16, 2024 /PRNewswire/ -- Single-family home prices increased 7.1 percent from Q4 2022 to Q4 2023, up from the previous quarter's revised annual growth rate of 5.1 percent, according to Fannie Mae's (OTCQB: FNMA) latest Home Price Index (FNM-HPI) reading, a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose a seasonally adjusted 1.7 percent in Q4 2023, a deceleration from 2.1 percent growth in the third quarter. On a non-seasonally adjusted basis, home prices increased by 0.4 percent in Q4 2023.

Key Points:

On a quarterly basis, home prices rose a seasonally adjusted 1.7 percent in Q4 2023, a deceleration from 2.1 percent growth in the third quarter.
"In the current supply-constrained housing market, any changes to the fundamentals of affordability are going to affect demand, and we saw this in the fourth quarter with interest rates peaking near 8 percent and helping further slow home price growth," said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist.
"Of course, the fourth quarter is also typically the slowest of the year in terms of housing activity and purchase demand, so seasonality should be taken into account, as well.
Fannie Mae publishes the FNM-HPI approximately mid-month during the first month of each new quarter.

StreetSide Developments Launches Juno, its First Concrete Tower and Flagship Project in Surrey

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Thursday, January 11, 2024

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VANCOUVER, British Columbia, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Today, StreetSide Developments , A Qualico company, Western Canada's most established developer, announced the introduction of Juno , its new flagship project.

Key Points:

VANCOUVER, British Columbia, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Today, StreetSide Developments , A Qualico company, Western Canada's most established developer, announced the introduction of Juno , its new flagship project.
“Presale condos are the easiest entry point into real estate ownership, but even presale buyers must overcome a big obstacle in the initial deposit.
“Juno is a very special project for us – it’s our flagship tower, embodying everything we stand for - quality and trust,” shares Jonathan Meads, Vice President at StreetSide Developments.
To learn more about StreetSide’s flagship project, Juno, visit junosurrey.com .

Home Prices Remain Resilient, Rise Further in Third Quarter

Retrieved on:

Friday, October 13, 2023

ESR, Index, Fannie Mae, Housing, OTCQB, Growth, Acceleration, Appraiser, Economy, Research, Real estate

WASHINGTON, Oct. 13, 2023 /PRNewswire/ -- Single-family home prices increased 5.3 percent from Q3 2022 to Q3 2023, up from the previous quarter's revised annual growth rate of 2.9 percent, according to Fannie Mae's (OTCQB: FNMA) latest Home Price Index (FNM-HPI) reading, a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose a seasonally adjusted 2.0 percent in Q3 2023, a deceleration from 2.1 percent growth in the second quarter. On a non-seasonally adjusted basis, home prices increased by 1.7 percent in Q3 2023.

Key Points:

On a quarterly basis, home prices rose a seasonally adjusted 2.0 percent in Q3 2023, a deceleration from 2.1 percent growth in the second quarter.
On a non-seasonally adjusted basis, home prices increased by 1.7 percent in Q3 2023.
The FNM-HPI is publicly available at the national level as a quarterly series with a start date of Q1 1975 and extending to the most recent quarter, Q3 2023.
Fannie Mae publishes the FNM-HPI approximately mid-month during the first month of each new quarter.

Bright MLS July Housing Report: Mid-Atlantic Housing Market Resilient

Retrieved on:

Friday, August 11, 2023

NORTH BETHESDA, Md., Aug. 11, 2023 /PRNewswire/ -- The Mid-Atlantic housing market stayed firmly on the summer pace set in June, as buyers still compete for historically-low levels of inventory even in the midst of an elevated mortgage rate environment, according to the Bright MLS Mid-Atlantic July Housing Report released today. The median home price in the region was up 3.9% in July, the strongest price growth since January.

Key Points:

"It's been surprising to me that higher rates and prices have not pushed more people out of the market, particularly first-time buyers," said Dr. Lisa Sturtevant, Bright MLS Chief Economist.
"It's been surprising to me that higher rates and prices have not pushed more people out of the market, particularly first-time buyers," said Dr. Lisa Sturtevant, Bright MLS Chief Economist.
No relief was found in the market for buyers, however, as new listings were down over 29% in the region.
Looking ahead, Bright expects the fall market in the Mid-Atlantic will be characterized by low inventory, stable or rising home prices, and growing affordability challenges.

Home Price Growth Again Surprises to the Upside

Retrieved on:

Monday, July 17, 2023

Acceleration, Housing, Fannie Mae, Economy, ESR, OTCQB, Sale, Index, Appraiser, FNMA, Growth, Research, Real estate

WASHINGTON, July 17, 2023 /PRNewswire/ -- Single-family home prices increased 3.0 percent from Q2 2022 to Q2 2023, down from the previous quarter's revised annual growth rate of 4.9 percent, according to Fannie Mae's (OTCQB: FNMA) latest Home Price Index (FNM-HPI) reading, a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose a seasonally adjusted 1.9 percent in Q2 2023, an acceleration from 1.3 percent growth in the first quarter. On a non-seasonally adjusted basis, home prices increased by 3.6 percent in Q2 2023.

Key Points:

On a quarterly basis, home prices rose a seasonally adjusted 1.9 percent in Q2 2023, an acceleration from 1.3 percent growth in the first quarter.
"Once again, home price growth surprised to the upside," said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist.
"Housing demand remains resilient, which continues to butt up against the near-historically limited supply of existing homes for sale.
At nearly 8 percent on a seasonally adjusted annualized basis, this past quarter's home price growth was well above the historical average."

Bright MLS June Housing Report: Home Shoppers Are Paying More for Fewer Choices as New Listings Slow to a Trickle

Retrieved on:

Thursday, July 13, 2023

NORTH BETHESDA, Md., July 13, 2023 /PRNewswire/ -- The Mid-Atlantic housing market seems to have missed the message that higher mortgage rates should stifle demand as buyers scramble to compete for a shrinking pool of listings. The number of available homes for sale in the Mid-Atlantic region has fallen to historic lows and home prices are once again at record highs, according to the Bright MLS Mid-Atlantic June Housing Report released today. Sales continue to trail last year, however, it's not for lack of buyer interest.

Key Points:

Bright MLS June Housing Report: Home Shoppers Are Paying More for Fewer Choices as New Listings Slow to a Trickle
"The housing market in the six-state Mid-Atlantic region continues to defy expectations," said Dr. Lisa Sturtevant, Bright MLS Chief Economist.
The number of active listings in June was down 11.4% compared to June 2022 and is 44.3% of the level in 2019.
One market that offers more choices for buyers, particularly second home buyers, is the Del/Mar Coastal region, where the number of active listings was up 19% in June.
The number of new listings coming onto the market in June hit a two-decade low, falling 32.7% from last year.

Home Prices Grew 4.7 Percent Year over Year in First Quarter

Retrieved on:

Tuesday, April 18, 2023

Index, FNMA, Economy, Sale, ESR, Growth, OTCQB, Housing, Research, Appraiser, Fannie Mae, Real estate

WASHINGTON, April 18, 2023 /PRNewswire/ -- Single-family home prices increased at a non-seasonally adjusted annual rate of 4.7 percent from Q1 2022 to Q1 2023, down from the previous quarter's revised annual growth rate of 8.6 percent, according to Fannie Mae's (OTCQB: FNMA) latest Home Price Index (FNM-HPI) reading, a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose a seasonally adjusted 1.0 percent in Q1 2023, above the 0.0 percent growth seen in the prior quarter. On a non-seasonally adjusted basis, home prices also increased by 1.0 percent in Q1 2023.

Key Points:

On a quarterly basis, home prices rose a seasonally adjusted 1.0 percent in Q1 2023, above the 0.0 percent growth seen in the prior quarter.
On a non-seasonally adjusted basis, home prices also increased by 1.0 percent in Q1 2023.
"Still, the fact that prices rose slightly in the first quarter is evidence of significant pent-up mortgage demand, despite ongoing affordability constraints.
Even though mortgage rates remain elevated compared to the previous few years, the acute lack of housing supply remains supportive of home prices.

Veros and Valligent Launch the Valligent Appraiser Training Program for Increased Appraiser Diversity

Retrieved on:

Tuesday, April 18, 2023

Today, Valligent , a market-leading appraisal management company, recently acquired by Veros Real Estate Solutions ( Veros ®), an industry leader in enterprise risk management and collateral valuation services, announced the launch of the Valligent Appraiser Training Program (VATP) to increase appraiser diversity and offer necessary resources to promote inclusion in the lending industry.

Key Points:

Today, Valligent , a market-leading appraisal management company, recently acquired by Veros Real Estate Solutions ( Veros ®), an industry leader in enterprise risk management and collateral valuation services, announced the launch of the Valligent Appraiser Training Program (VATP) to increase appraiser diversity and offer necessary resources to promote inclusion in the lending industry.
View the full release here: https://www.businesswire.com/news/home/20230413005127/en/
With the VATP, Veros and Valligent offer an accessible and affordable option to encourage underrepresented groups to enter the appraisal industry.
The VATP was created with the goal of changing that – making the appraiser pool more representative of the buyers and sellers they serve.
Once certified, the appraiser can continue as a Valligent employee, be employed by the sponsoring lender or establish their own business as an independent fee appraiser.