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New homes are selling like it’s 2006 again

Housing Wire

million seasonally adjusted annual rate, according to the Department of Housing and Urban Development and the U.S. This is the fastest sales pace since September 2006. The post New homes are selling like it’s 2006 again appeared first on HousingWire. from February to a 1.02 Census Bureau. lower than March 2020.

Buyers 483
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William Raveis acquires South Carolina-based Carson Realty

Housing Wire

Founded in 2006, Carson Realty serves clients in the South Carolina markets of Hilton Head, Bluffton and Lake Keowee. As operating partners, we help agents succeed with our world-class coaching, marketing, and innovations like Raveis365, a one-of-a-kind communication and technology platform developed exclusively for us by Microsoft.“

Realty 295
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Zillow’s new AI tool aims to promote equality in housing

Housing Wire

Since 2006, Zillow has used AI to bring transparency to home shoppers, powering tools like the Zestimate,“ Josh Weisberg, Zillow’s senior vice president of artificial intelligence, said in a statement. System developers have the ability to intervene in these cases. “In

Tools 316
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Here’s why we won’t see a housing crisis after COVID-19

Housing Wire

Vaccine development is progressing with some promising early results. We didn’t have a boom in cash-out loans either, so the equity has not been whittled down like what we saw from 2003-2006. August is upon us, and the growth in the rate of new infections appears to be slowing. What can we expect post COVID-19? Already a member?

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HECM program study assesses policy impacts of recent years

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. The bulk of losses came from loans that originated between 2006 and 2010,” the report stated.

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Regulatory costs add nearly $94K to new home prices

Housing Wire

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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Rising home prices take a toll on pending home sales

Housing Wire

In September, CoreLogic’s Case-Schiller home price index saw the greatest year-over-year gain since 2014, and climbed nearly 23% higher than its last peak in 2006 as multiple economists forecasted prices to continue their upwards growth. At this rate, Yun said even low interest rates have a limit to how much they will help affordability.

Realtors 531