Blue Dot Real Estate, LLC

The latest home price index from CoreLogic showed national home prices continued to increase 18% year over year for October 2021 compared to October 2020. However, despite continued high demand, record-low mortgage rates, and low inventory abound, CoreLogic has projected a slow down in the market as we go into 2022. Their forecast indicated a 2.5% increase in home prices from October 2021 to October 2022. This is quite a contrast from Zillow who is forecasting a 13% increase and the National Association of Realtors predicting a 6.6% increase. Redfin is forecasting a 10% increase in inventory and projecting an interest rate increase to 3.7% by the end of 2022. In either case, the 10% increase in inventory is expected to not even make a dent in buyer demand. From my perspective, I don't see more than a 5% drop if any. I may be wrong but, with record-low inventory and continued high demand, prices won't be levelling any time soon.
Here are the top10 hottest Metro Markets and the top 10 hottest States from the latest Corelogic Report:

$138 Million
Commercial Real Estate and C&I Loan Sale
Begin Investor Qualification Process Now!
On behalf of a major banking institution (Seller), First Financial Network, Inc. (FFN) is pleased to announce the upcoming sale of a commercial real estate and C&I loan portfolio comprised of 190 loans with a total balance of approximately $138 Million.
CRE and C&I Portfolio Highlights
Performing - 98.04%
Non-Performing - 1.96%
WAC - 4.32%
WAM - 35.80
WLTV - 46.00%
CRE - 88.75%
C&I - 11.25%%

Collateral Concentrations - Office (20.02%), Strip Center (11.47%), Industrial (11.07%), Retail (9.74%), Recreational (8.24%), Church (8.10%), Warehouse (7.11%), Hotel (6.75%), Multi-Family (4.68%), and Medical Building (3.30%).

Collateral Locations - Nationwide with concentrations in CA (32.10%), and TX (18.37%).

Comprehensive due diligence materials will be made available to qualified parties.

MARKETS AT RISK OF HOME PRICE DECLINE

CAUTION:

TOP 10 METROS CHANGE

These cities experienced the highest year on year appreciation according to CoreLogic HPI

Phoenix 29.7%
San Diego 23.7%
Las Vegas 21.1%
Denver 19.3%
Los Angeles 14.6%
Washington DC 13.8%
Houston 12.1%
Boston 11.5%
Miami 11.5%

Nationwide we are still seeing ridiculous appreciation with Idaho topping the charts with 33.6% year-to-year change.

According to Core Logic's July 2021 U.S. Home Price Insights, nationwide home prices continue to soar. Year-end nationwide averages hit 18% in July with monthly projections of 2.7% from July 2021 to July 2022. While most Americans are still believing it is a poor time to buy, the data is telling us something different. Record low interest rates and record appreciation are strong indicators that we are not seeing a slowdown. No states posted an annual decline in home values.

Home Prices Dip for First Time off Crazy Spike, Price Reductions Surge, Sellers Emerge, House Sales Drop Year-over-Year, Inventories & Supply Keep Rising.

Home price saw the first dip since 2019, amid surging price reductions. Nationally, single-family home sales dropped 4.1% in July from a year ago.

Home prices have dipped as well for the first time this year. Despite historic gains of over 23%, we saw a dip of a still staggering 18.18%.

Price reductions surged by 37% in July from June marling the 5th month in a row of increases.

What does this mean for the average homebuyer? According to a recent Fannie Mae National Home Survey, 66% of Americans surveyed concurred it is still a terrible time to buy, the perfect time to sell.

For those searching for a new home, our recommendation is to sit tight. A shift is coming. We will update you when the time is right.

Blue Dot Real Estate, LLC updated their phone number.

What is going on with the Housing Market and what can we expect for the remainder of 2021 and into 2022? Despite slowdowns in 2020, the homebuying market is trending strong this spring. Nationally, home prices in March jumped 11.3% year over year compared with March 2020 while Mo/Mo saw an increase of 2% Motivated by historically low-interest rates, CoreLogic HPI anticipates a sustained demand through summer and into fall.
But what about next year? HPI & and Case-Shiller is forecasting we will reach our peak by the end of 2021 with a year over year increase of only 3.5%. As we roll into 2022, that number will continue to decrease. I will continue to keep you posted.

When will it end?
The Most Splendid Housing Bubbles in America: “House-Price Inflation” out the W***o, Ignored by CPI. April Update

-Year over Year Increase-
National 12% - Seattle 15.4%, San Fran 11%, NY 11.6%, Miami 11%, Portland 11.4%, D.C. 11.1%, Boston 13.7%, Tampa 11.2%, Denver 17.4%, Phoenix 17.4%, Las Vegas 9.1%, and Dallas 10.9%

https://wolfstreet.com/2021/04/27/the-most-splendid-housing-bubbles-in-america-house-price-inflation-ignored-by-cpi-april-update/?fbclid=IwAR1ZuQxK-Dnm0g5FzSBPwKv5-h7k5_SAKyTRdNZFxh_aWi4T8BDVNo78mVw

The Most Splendid Housing Bubbles in America: “House-Price Inflation” out the W***o, Ignored by CPI. April Update Only exception: San Francisco Bay Area condo prices, down from year ago.

Here are the latest updates from DS News reported last week on the housing-related risks connected to the impact of Covid -19.

Metros Most Vulnerable to COVID-19’s Fallout States along the East Coast, Connecticut through Florida, as well as Illinois, are more vulnerable t...

Top ZIPs Where Foreclosures Are on the Rise | ATTOM In this post, we dig deep into the data behind ATTOM's 2020 year-end foreclosure report to uncover the top ZIPs seeing increases in filings.

Top 10 U.S. Counties with Highest Effective Property Tax Rates | ATTOM A deep dive into ATTOM's 2020 property tax analysis reveals the top 10 U.S. counties with the highest effective property tax rates in 2020.

According to Black Knight Financial's January 2021 Mortgage Monitor, serious mortgage delinquencies of 90+ days are on the rise across the nation. Missouriouri leads the nation with 10% of all mortgages being 90+ days delinquent. Idaho reported the least amount at 3.1%. For my friends in WA, WA has the 2nd lowest reporting at 3.6% but, the year/year change is up 122.8%.

Housing Supply to Rise in Second Half of 2021 Zillow’s latest Home Price Expectations (ZHPE) survey for Q1 2021 has found that the need for homes ...

I was not sure this went through but apparently, it did.

Caliber Sold to New Residential for $1.7 Billion New Residential Investment Corporation has entered into an agreement with an affiliate of Lone Star ...

https://realinvestmentadvice.com/the-housing-debt-bubble-is-going-to-burst/