Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The February housing data, pre-COVID, was juicy indeed.

Housing Market 542

Housing Market Marketing Construction Buyers 542

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. family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. This is 12.6 percent (±16.9

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

Inventory 489

Inventory Housing Market Construction Marketing 489

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.

Mortgage 529

Mortgage Construction Inventory Buyers 529

Housing Wire

FEBRUARY 15, 2024

years in 2005, according to a Redfin analysis of median U.S. housing market for multiple reasons, Redfin said. Long homeowner tenure, particularly among baby boomers, is an obstacle for young first-time buyers trying to break into the market,” the report read. “A years last year, up from 6.5

Property Taxes 444

Property Taxes Insurance Construction Inventory 444

Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. I understand the lure of the housing 2008 story. In their haste, they miss the bigger picture of the housing market. It’s very sexy to talk gloom and doom about the housing market, but sometimes that doesn’t end well.

Inventory 458

Inventory Housing Market Construction Marketing 458

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. They can cut prices, pay down mortgage rates for their buyers, and do what they need to to make it work for them to move their products. When supply is 4.3

Inventory 529

Inventory Housing Market Construction Marketing 529

Housing Wire

JANUARY 19, 2022

Department of Housing and Urban Development and the U.S. This is the highest level housing starts have reached in the past nine months. Construction of single-family homes dropped 2.3% from November to 1.172 million units, the construction of multifamily units again posted a sizable increase of 13.7% Census Bureau.

Construction 390

Construction Housing Market Inventory Development 390

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023.

Inventory 419

Inventory Construction Housing Market Mortgage 419

Housing Wire

JUNE 27, 2023

NAR total active listings data going back to 1982 : This explains why the builders and new homes are doing better than the existing home sales market, which deals with higher mortgage rates and low active listings. Also, in the chart below, we can all agree it isn’t housing 2005 or housing 2008 with new home sales.

Construction 477

Construction Inventory Marketing Buyers 477

Housing Wire

FEBRUARY 16, 2023

Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. They have less competition as they are working from low sales levels in today’s housing market. months of supply.

Construction 467

Construction Housing Market Inventory Mortgage 467

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. This sector on an apples-to-apples basis is more expensive than the existing home sales market. percent (±11.9

Mortgage 437

Mortgage Inventory Housing Market Construction 437

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. Housing starts came in at 1.724 million , and housing permits came in at 1.819 million — both are still very healthy numbers.

Mortgage 446

Mortgage Construction Contracts Housing Market 446

Housing Wire

APRIL 27, 2022

Housing data should cool off, and we are getting into the period where some forward-looking data reflects that. The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. As we can see below, the uptrend in sales is still intact, so housing starts have held up OK.

Construction 322

Construction Buyers Housing Market Inventory 322

Housing Wire

JUNE 16, 2022

Housing permits aren’t collapsing by any means, but the permits data is backward-looking. As rates rise, this will impact the builders more as they try to find buyers for current homes in cancellation. From Census: Housing Starts Privately?owned owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000.

Housing Market 541

Housing Market Buyers Mortgage Construction 541

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 That would reverse the problem the housing market has had selling homes with mortgage rates above 7%.

Construction 334

Construction Housing Market Mortgage Sellers 334

Housing Wire

DECEMBER 23, 2020

Construction continued to play catch-up also as Novembers new-home inventory rose nearly 14% to a 4.1-month month supply – inching ever closer to the six-month supply sweet spot that suggests a balanced market. . The West came in second at a 17.3% decline, while the South and Northeast both fell less than 3%.

Construction 294

Construction Inventory Buyers Marketing 294

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. Also, the market we have today doesn’t look like the credit boom we saw from 2002-2005. The forecast.

Housing Market 539

Housing Market Inventory Mortgage Marketing 539

Empire Appraisal Group

OCTOBER 28, 2021

USA TODAY spoke to eight experts to find out if a housing crash is on the horizon. For one, they say the housing market in 2021 is not like the boom-bust cycle leading up to the Great Recession. Given the strong housing market and price appreciation, banks are more likely to work with borrowers to restructure their loans.

Inventory 78

Inventory Housing Market Construction Real Estate 78

Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. I was lucky to have never had to use new construction as a comp on an existing home. baths, 14,450 sq.ft.,

Appraisal 77

Appraisal Construction Contracts Architecture 77

Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Lamacchia Realty

DECEMBER 28, 2021

2021 is going down in history as a historical year for the housing market across America. It was the year of the frustrated buyer, particularly in the first half of the year. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. 2021 Recap.

Sellers 74

Sellers Inventory Buyers Realtors 74

Appraisal Today

JUNE 17, 2022

It is extremely important for appraisers now to closely track changes in your local markets at least once every day and tell your lender clients about it. When will it affect your market? The number of potential buyers will decrease as rates go up in many markets. We have never seen a pandemic real estate market before.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52