Housing Wire

SEPTEMBER 26, 2023

As we can see in the chart below, sales levels aren’t exactly booming like they were from 2002-2005. months and below, this is an excellent market for builders. months , this is just an OK market for builders. months, the builders will pause construction. The existing home market is only sitting at 3.3 We are at 7.8

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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. As you can see below, the housing demand data from 2002 to 2005 was never apparent in any housing data lines from 2018 to 2022.

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Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. 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.

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Construction Housing Market Sellers Marketing 369

Housing Wire

MAY 24, 2022

Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. The market is savagely unhealthy and needs balance; this is what we call balance! As you can see, sales levels were never elevated like what we saw from 2002-2005. Guess what happened in March?

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Housing Wire

FEBRUARY 24, 2022

To be honest here, the new home sales market is stuck for now. It gives an idea of what to expect for housing construction. months and below, this is an excellent market for the builders. months, this is an OK market for the builders. months and above, the builders will pull back on construction. When supply is 6.5

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Housing Wire

MARCH 23, 2023

However, with active listings now near all-time lows, the builders’ new homes still have more value in the housing market than what we saw in previous decades. However, imagine if the housing market could get mortgage rates below 5.75%, then head toward 5% and stay there for some time. months, this is an OK builder market.

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Inventory Housing Market Construction Marketing 528

Housing Wire

JULY 6, 2023

In a bid to strengthen its position in the Gulf Coast market, has acquired Truland Homes , the largest private homebuilder along the Gulf Coast, according to an announcement issued Thursday. Horton’s already strong local market operations.” Horton has been the largest homebuilder by volume in the United States since 2002.

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Housing Wire

JUNE 2, 2022

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? The big difference now than, let’s say, what we saw from 2002-2008.

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Training Inventory Housing Market Real Estate Agent 385

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. million homes, using the NAR data.

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Inventory Housing Market Mortgage Marketing 539

Housing Wire

JUNE 24, 2022

The market has changed with rates so much higher, but for the most part, the builders are managing the recent weakness in sales as best they can. The monthly supply data for new homes often get mixed up with the existing home sales market. We don’t say the new home sales market supply is the existing home sales market.

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Housing Wire

JANUARY 19, 2022

You always want to be skeptical of any housing starts data that comes in too strong or too negative from the trend, and we had some specific factors in this report that boosted multifamily construction. Some of the demand that we saw from 2002-2005 was facilitated by credit that no longer exists in the marketplace today. This is 17.2

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Construction Housing Market Inventory Marketing 374

Housing Wire

APRIL 27, 2022

Tuesday, the new home sales report for March came in as a miss of estimates at 763,000, but the revisions were all positive, which shows that the housing data is still lagging behind the current market reality. The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report.

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Housing Wire

JANUARY 26, 2022

However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market. months and below, this is an excellent market for the builders. months, this is an OK market for the builders. months and above, the builders will pull back on construction. When supply is 4.4

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Housing Wire

JUNE 3, 2022

A tighter labor market is a good thing, I always say; this means people with less educational backgrounds can get employed as we do have many jobs that don’t require a college education. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but retail trade took a big hit.

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Housing Wire

JUNE 16, 2022

The data from the NAHB/Wells Fargo builder’s survey is always crucial because it is forward-looking, and it takes the reality of today’s market into the equation. Multifamily construction is different than single-family homes. Housing completions have been one of the worst stories for the housing market. percent (±13.6

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Appraisal Today

OCTOBER 21, 2022

Appraisers and Local Market Analysis. Excerpts: Social media and the mainstream media make a mess of these markets even in the best of times. They do not have the bandwidth to cover local markets. National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC.

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Appraisal Marketing Contracts Insurance 52

Raleigh Realty

MAY 21, 2022

If you need a great Raleigh area Real Estate Agent please let us know. Raleigh real estate is some of the best value in the country, so if you're moving to Raleigh check out all the city has to offer Let’s start by examining the neighborhoods in Raleigh and you can determine what may be the best fit for you.

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Will Springer Realtor

DECEMBER 8, 2021

One consumer segment will have longer to wait for its “supply chain” to be repaired – residential real estate. “Of Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% Who said this is a sellers’ market? Perhaps it’s truly a builders’ market.

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Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. 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. ( TREATING YOURSELF EVERY DAY. Dining out.

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Housing Market Marketing Buyers Real Estate 36

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? High-end construction with luxe touches throughout, vaulted ceilings elevate the space. Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. Storage space abounds in the 1, 055 sq.

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Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

DECEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc. The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. 5 Beds | 5.5+

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Appraisal Today

NOVEMBER 4, 2022

Practical real estate appraisal writing tips for AMC questions. Living on the edge means constructing places in the most challenging locations, and, in many cases, in the middle of unspoiled nature.” The Market Composite Index, a measure of mortgage loan application volume, decreased 0.5 We all like free Liability advice!

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Reconsideration of Value Appraisal Inspection Advertising 52