Valuations

CoreLogic: Home prices grew more than 7% in November

Marks first time since May 2014
The final housing market reports of 2016 are still rolling in. CoreLogic’s assessment of the November housing market shows that home prices rose by 7.1%, which marks the first time prices exceeded 7% since May 2014. Moving into 2017, economists don’t expect the trend to change.
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Echo app gives buyers a new way to search for houses

"Alexa, open real estate"

Michael DeMasi, a reporter for the Albany Business Review, profiled Miguel Berger, president of Better Homes & Gardens Real Estate Tech Valley in Colonie, New York. Berger and his son developed software for Amazon's virtual assistants — Echo, Echo Dot and Tap — that gives buyers a hands-free way to search for homes, DeMasi explains.


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Here are HousingWire's top 10 articles of 2016

Thanks to our loyal readers for making this another great year
The past year was record-breaking for HousingWire in just about every metric we have, and that’s all thanks to you, our loyal readers. You push us to do more, to do better, to reach higher, to dig deeper, to keep fighting, and we have no plans of stopping. So here, as we begin a new year, are HousingWire’s top 10 articles of 2016, as determined by our readers.
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Zillow: Total value of U.S. housing reaches all-time high

Housing market regains all value lost in crisis
The total value of all the housing stock in the United States has never been worth more than it is right now, according to a new report from Zillow. That also means that the U.S. housing market has now regained all of the value that was lost during and after the housing crisis.
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Appraisal volume hits a standstill in December

Holidays dent volume
As the month of December and the holiday season wraps up, appraisal volume recorded another decline for the week of Dec. 18. Since 2006, the week before Christmas has had a normal drop of around 7%, according to a la mode. In 2011, however, when Christmas fell on a Sunday as it did this year, the drop was 12.9%. Read on for more context on typical holiday declines.
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Appraisal volume halts as the holidays set in

Four-week average sinks lower
This week's appraisal volume report quickly put an end to the recent increases in volume witnessed the past couple of weeks. The drop doesn't come as much of a surprise though, since the holidays have slowed the ordering of appraisals.
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Homeowners nearly hit the mark on estimating home prices

Now just 1% off from appraised values
Homeowners got a step closer when it comes to estimating their home’s value. In fact, they are now only 1% off from appraised values. Quicken Loans’ chief economist expressed his hope that with this information the only surprises this holiday season are the ones wrapped under the tree.
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Appraisal volume rises two weeks straight

Pushes four-week average higher
Appraisal volume spent most of the fall seesawing up and down. When it did post a consistent trend, it trended down. The latest report from a la mode on appraisal volume, however, finally breaks that downward spiral.
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Is your company one of housing’s top tech innovators? Hurry up and prove it!

Deadline quickly approaching for 2017 HW TECH100
As the calendar ticks ever so much closer to 2017, the housing industry pushes ever so much further into the technological revolution, one that promises to reshape how the entire industry operates. We here at HousingWire, your loyal companions on this journey into the future, know that there are hundreds (if not thousands) of companies in the industry that are on the cutting edge of these exciting technological developments. We think everyone else should know that, too.
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