Not All Automated Valuation Models (AVMs) Are the Same At the heart of every home sale or mortgage deal is the need for an accurate estimate of the property’s value. And the real estate and mortgage industries have increasingly relied on automated valuation models or AVMs to estimate property values. The best AVMs will estimate a home’s value with a high degree of accuracy, performing the calculations instantly and removing personal bias and human error. But not all AVMs are the same. An automated valuation model is only as good as the data and methods it uses. What makes AVM modeling tricky is capturing subtle differences between properties located in the same general area. Take, for example, a subdivision with similar homes built around the same time. The square footage, the number of bedrooms and bathrooms and lot size may be the biggest factors in determining the differences in value …

Indicators of homebuying demand and activity Value (if applicable) Recent change Year-over-year change Source Daily average 30-year fixed mortgage rate 7.07% (Jan. 2) Down from 7.14% 2 weeks earlier Up from 6.7% Mortgage News Daily  Weekly average 30-year fixed mortgage rate 6.91% (week ending Jan. 2) Highest level since July  Up from 6.61% Freddie Mac Mortgage-purchase applications (seasonally adjusted) Down 13%  from 2 weeks earlier (as of 2 weeks ending Dec. 27) Down 17% Mortgage Bankers Association  Redfin Homebuyer Demand Index (seasonally adjusted) Essentially unchanged  from a month earlier (as of week ending Dec. 29) Down 1% Redfin Homebuyer Demand Index a measure of tours and other homebuying services from Redfin agents Touring activity Down 52% from the start of the year (as of Dec. 28) At this time last year, it was down 55% from the start of 2023 ShowingTime, a home touring technology company Google searches for “home …

Key Insights on Foreclosures, Affordability, Home Prices, and Sales Trends Florida, the Sunshine State, presents a dynamic real estate market influenced by various factors, including economic cycles, migration patterns, and natural disasters. Using data from ATTOM, we explore key aspects such as foreclosures, affordability, home prices, and recent sales trends. In Q4 2024, the home affordability index varied significantly across different counties in Florida. For instance, Miami-Dade County had a median sales price of $525,000 and an affordability index of 62, indicating higher home prices relative to local incomes. Broward County, with a median sales price of $440,000, had an affordability index of 59, also reflecting affordability challenges. On the other hand, counties like Alachua and Bay offered relatively more affordable options. Alachua County had a median sales price of $303,000 and an index of 72, while Bay County’s median price was $365,000 with an index of 67. Foreclosure activity …

33.6% of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. Baby boomers stay put the longest, with more than a third having been in their rental at least a decade. Gen Z renters move the most, with more than half having lived in their current home for less than a year.  Renters move most often in Denver, Austin and Salt Lake City. They stay put longest in New York, Los Angeles and Riverside. A third (33.6%) of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. That’s according to a Redfin analysis of 2023 renter tenure data from the U.S. Census Bureau—the most recent data available. There are more methodology details at the end of this report.  While the majority of renters move within five years—including 25.6% moving within …

Annual U.S. rent growth registered a 1.7% increase in October, marking the lowest rate recorded since June 2020. On a monthly basis, October marks the third consecutive month of below-trend seasonal growth. This month-over-month decrease is a clear sign that rent growth is decelerating, especially in markets in the South and the West where rent growth is approaching historical averages following multiple years of red-hot rent growth.  Click here to read CoreLogic’s full SFRI report with September 2024 data, which features commentary from Principal Economist Molly Boesel. All archived SFRI reports are available at this home page, while regular housing market reports and blog posts from  CoreLogic’s Office of the Chief Economist can be found here.

Major Home-Ownership Expenses Consume 34 Percent of National Average Wage   IRVINE, Calif. – Dec. 19, 2024 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its fourth-quarter 2024 U.S. Home Affordability Report showing that median-priced single-family homes and condos remain less affordable in the fourth quarter of 2024 compared to historical averages in 98 percent of counties around the nation with enough data to analyze. The latest trend continues a three-year pattern of home ownership requiring historically large portions of wages as U.S. home prices keep reaching new heights. The report also shows that major expenses on median-priced homes currently consume 34 percent of the average national wage. That level marks an increase of more than one percentage point both quarterly and annually, pushing the figure even farther above the common 28 percent lending guideline preferred by lenders. The downturns in current and historic affordability …

Platform Integration to Make Rental Application and Tenant Screening Tool Available in OneHome Boston, MA (December 9, 2024)—Rental Beast, an industry-leading real estate technology firm, and CoreLogic®, a leading provider of property insights and innovative solutions, announced today a new integration of Rental Beast’s powerful platform into OneHome™ from CoreLogic. This integration streamlines and enhances OneHome users’ rental application and tenant screening process while expanding the visibility of an MLS’  rental listings. Users of CoreLogic’s OneHome client search portal for participating MLSs will now have seamless access to Rental Beast’s Apply Now, a tenant application and screening tool, directly within the platform. This integration offers a more efficient application process, enabling consumers to manage and initiate rental inquiries with ease and speed. The integration will also increase listing exposure and lead quality by syndicating listings through the Rental Beast platform and getting exposure to millions of unique visitors by integrating …

Agents, These Are the Best Resources for Real Estate Targeted Mailing Lists in 2025 Marketing via direct mail and email may seem antiquated compared to other methods like SMS and social media. But direct mail is still one of the most effective real estate marketing tools, particularly for targeting older generations who are less tech savvy. Direct mailing and emailing should be part of every real estate agent’s marketing plan, and the best part is you don’t have to do all the work yourself. Today, there are plenty of services that will do the hard work of data segmentation for you. With that in mind, below is a roundup of the four best resources for real estate mailing list providers in 2025. ***This article was originally written in 2022, but has been updated to reflect new solution providers*** 1. ATTOM Property Navigator – Best Overall Powered by property data from …