Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. If it wasn’t for solid rental demand boosting multifamily construction this year — 18% year to date —this data line would have looked much worse. Why do I call it a housing recession?

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Mortgage Construction Inventory Buyers 529

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.

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Housing Wire

SEPTEMBER 22, 2020

I have said for many years that we wouldn’t see total housing construction start a year at 1.5 2020 is looking great on that front for the new home sales market and housing starts, which need more new home sales to warrant more single-family construction. It is not out of the question that we can get to 6.2 Context is key!

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Housing Market Marketing Construction Buyers 542

Housing Wire

DECEMBER 23, 2022

It didn’t help the builders that they had a global pandemic and we still have many new homes either in construction or that haven’t been started yet. months 290,000 new homes are still under construction, about 5.5 The builders will pull back on construction when the supply is 6.5 Here is the breakdown of the 8.6

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Construction Housing Market Mortgage Sellers 348

Housing Wire

DECEMBER 20, 2022

This is the reason construction workers still have jobs, and that backlog needs to be finished; this is a positive outcome. The bigger story here is that if we want to see mortgage rates fall, we need more rental units, and right now we have a massive backlog of 2-unit homes under construction — over 900,000. percent (±12.3

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Housing Wire

JULY 19, 2022

From the National Association of Home Builders : Looking at the housing starts report, the numbers came in slightly better than anticipated, driven by multifamily construction. Still, it’s backward-looking and the growth in multifamily construction, which we desperately need to cool down rental inflation, has recently been positive.

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Housing Wire

APRIL 27, 2022

The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. So, while cash buyers as a percent of sales have been growing, this sector is driven by mortgage buyers primarily. Builders have to find buyers for canceled homes, then think about their demand.

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Housing Wire

AUGUST 23, 2022

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. can’t have a credit sales boom like we saw from 2002-2005. This time, we have less production of homes and more multifamily construction. This is 12.6

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Construction Housing Market Sellers Marketing 370

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Buyer-Borrower Remorse. Essentially, the cases are situations of “buyer-borrower remorse.” Have a very responsive credo.

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Reconsideration of Value Appraisal Inspection Advertising 52

Housing Wire

JUNE 16, 2022

As rates rise, this will impact the builders more as they try to find buyers for current homes in cancellation. Multifamily construction is different than single-family homes. As you can see below, housing completion data hasn’t done much for many years, unlike 2002-2005. Then, they need to manage what they can or can’t sell.

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Housing Market Buyers Mortgage Construction 544

Housing Wire

DECEMBER 20, 2021

Also, the market we have today doesn’t look like the credit boom we saw from 2002-2005. I have never believed in the housing construction boom premise as mature economies don’t have construction booms with slowing population growth. However, one thing is for sure: demand has been solid and stable in 2020 and 2021. The X factor.

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Housing Market Inventory Mortgage Marketing 542

Raleigh Realty

MAY 21, 2022

In this neighborhood, you will find all types of Real Estate, from restored Grand Victorians built in the 1800s, to newly constructed homes. The great location to downtown Raleigh, the history of the neighborhood, the homes with mature trees and larger lots have a lot to offer any home buyer or potential neighborhood resident.

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Appraisal Today

OCTOBER 21, 2022

The vault is constructed with 4-foot-thick, reinforced concrete walls and is plumbed for a fire suppression system. But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? Excerpts: 4 bedroom, 3 bath, 2,400 sq.ft.,

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Appraisal Marketing Contracts Insurance 52

Will Springer Realtor

DECEMBER 8, 2021

Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% Lot availability is at multi-decade lows and the construction industry currently has more than 330,000 open positions.”. construction jobs in the U.S., year-on-year (YoY), according to U.S. “In

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Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

OCTOBER 11, 2022

We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. ( At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? Dining out. Theme parks.

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Housing Market Marketing Buyers Real Estate 36

Appraisal Today

DECEMBER 9, 2022

The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. Due to rising interest rates, many potential home buyers are currently unable to qualify to buy the properties they want. Qualified buyers and listing prices. Excerpts: Built 1990 | 6,106 Sq. 5 Beds | 5.5+

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