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Annual home price gains may have reached cycle peak: CoreLogic

Housing Wire

Geographic patterns in price gains continued to favor housing markets in the Northeast and the South, especially those that remain more affordable and have lagged in home price increases over the past couple of years. These include Atlanta; Spokane, Washington; and the Florida metros of West Palm Beach, Tampa and Deltona.

Mortgages 469
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Reverse mortgage originators report good starts to 2024 business

Housing Wire

including the states of California, Washington, Florida, Wisconsin and South Carolina. Roughly 2,000 miles from Tampa in the Denver area, Bruce Simmons of American Liberty Mortgage reports that things are off to a “steady” start in 2024. “As My financial planner business still continues to be very active,” he said.

Mortgages 426
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Pending-home sales rise to highest level in a year in October: Redfin

Housing Wire

Dallas (10.9%) and Tampa, Florida (8.8%) rounded out the top markets that saw higher pending sales. However, several markets in the South posted double-digit declines in pending sales, including Greensboro, North Carolina (-30.6%), Birmingham, Alabama (-24.3%) and Knoxville, Tennessee (-24.2%). year over year.

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Home price growth continued to slow in December

Housing Wire

Miami (15.9%), Tampa (13.9%), and Atlanta (10.4%) again reported the highest yearly price gains among the 20 cities analyzed. Unsurprisingly, the Southeast (+12.5%) and South (+11.6%) were the strongest regions, and the West (+1.2%) continuing as the weakest.” Month over month, the 20-city index dropped 0.5%

MLS 406
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Nashville breaks into list of top migration destinations for first time since 2021: Redfin

Housing Wire

Myrtle Beach, South Carolina, came in at No. Four Florida metros ranked in the top 10 in October: Orlando, North Port-Sarasota, Cape Coral and Tampa. Many people moving to Sacramento were from San Francisco, where the typical home costs $1.5 million versus the $578,000 in Sacramento.

Sales 417
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Homebuyers drawn to cheaper areas in Midwest and South

Housing Wire

And homebuyers with flexibility are keen on more moderately priced regions within the Midwest and South, the report found. The more moderately priced regions of the South and Midwest are experiencing stronger signing of contracts to buy, which is not surprising,” Yun said in a statement. 27, were Orlando-Kissimmee-Sanford , Tampa-St.

Sales 416
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Opinion: CoreLogic’s Selma Hepp on the effects of ‘pandemic migration’

Housing Wire

million, while median price in Tampa is about a third of that at $450,000. While these stark differences in home-price changes reflect some equalization of housing markets , the differences in their median home prices are still wide. More expensive cities, such as San Francisco, still hold median home value at about $1.4