DW Slater Company

FEBRUARY 23, 2023

Some may have a bit of PTSD from the 2008 Housing crash but just know that this is a different market with different factors impacting it. The biggest answer is inventory. The inventory is still at very low levels. Until we have more inventory, prices will hold. Our markets are still strong.

Inventory 128

Inventory Marketing Supply Chain Appraisal 128

Housing Wire

APRIL 14, 2023

The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find. At that time, housing inventory dropped to historic lows making the environment ripe for investors.

Realtors 413

Realtors Buyers Inventory Sellers 413

Housing Wire

DECEMBER 29, 2022

There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023. Let’s look at the recessionary factors we see now versus 2008. Housing inventory. Home sales.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said. .

Inventory 544

Inventory Housing Market Buyers Sellers 544

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? In 2008, many people lost their homes when the housing bubble burst. Why Is U.S.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. The majority of the supply of homes for sale come from existing homes, not new construction.

Supply Chain 493

Supply Chain Housing Market Construction Inventory 493

Housing Wire

FEBRUARY 8, 2022

Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. Low housing inventory. since 2008. We can also invest in and deploy new construction technologies, like 3D printing, which could save time and reduce costs. been falling sharply ?since

Construction 370

Construction Investing Development Landlords 370

Housing Wire

NOVEMBER 5, 2021

Navigating the business climate during the early pandemic and the 2008 financial meltdown were incredibly stressful times filled with uncertainty. Rich DeNicola: Inventory is going to persist as a major issue for the foreseeable future. HousingWire: W hat has been one of your biggest learning opportunities?

Real Estate 358

Real Estate Brokerage Construction Business 358

Housing Wire

JULY 26, 2023

Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California. over the past 15 years from 5.5%, but building in Moderate FHSZ has nearly doubled since 2008. over the past 15 years from 5.5%, but building in Moderate FHSZ has nearly doubled since 2008.

Insurance 353

Insurance Housing Market Marketing Supply Chain 353

Housing Wire

MAY 6, 2022

We haven’t seen that yet; the -12% YoY decline is a noticeable weakness, but nothing too dramatic yet like what we saw from 2005-to 2008. HousingWire: Will inventory finally break the streak and be positive year over year? New home sales fall, which will create a slowdown in housing construction.

Inventory 337

Inventory Housing Market Marketing Construction 337

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 The builders will pull back on construction when the supply is 6.5

Inventory 537

Inventory Housing Market Construction Marketing 537

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. I don’t believe housing inventory below 1.52 What is going on here? housing market.

Inventory 501

Inventory Housing Market Construction Marketing 501

Housing Wire

NOVEMBER 2, 2020

The peak in this metric for this century was in 2005, and the real bottom was 2008. months, builders pull back, and new construction stalls. We saw this in 2018 and then spent the entire year of 2019 selling off the excess inventory. This level of inventory means new home sales are doing ok, not great.

Housing Market 545

Housing Market Marketing Inventory Design 545

Housing Wire

DECEMBER 16, 2021

While the market has struggled with a lack of inventory in 2021 and builders have reported ongoing supply chain challenges, there are more than 700,000 homes under construction right now, and a growing inventory of new homes for sale. The inventory of existing homes remains quite tight at less than 2.5

Marketing 449

Marketing Mortgage Supply Chain Inventory 449

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 496

Inventory Housing Market Marketing Modernization 496

Empire Appraisal Group

OCTOBER 28, 2021

Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. In the years before 2008, mortgage lenders made subprime loans to borrowers without verified income or adequate down payments while pushing risky loan products. MCLEAN, Va.

Inventory 78

Inventory Housing Market Construction Real Estate 78

D Fritz Appraisals

JUNE 28, 2022

Significantly reduced housing inventory. At the same time, inventory of available homes dropped significantly and BCREA Chief Economist Brendon Ogmundson is quoted as saying ‘While sales are not keeping pace with the unprecedented levels seen [in 2021], demand remains strong’. Higher disposable household income .

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 404

Inventory Housing Market Marketing Modernization 404

Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? According to this theory, we have more homes under construction than any time in history. The truth is, it’s not 2008 all over again. I understand the lure of the housing 2008 story. This represents a supply of 7.6

Inventory 467

Inventory Housing Market Construction Marketing 467

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

Construction 447

Construction Housing Market Inventory Buyers 447

Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. We talked about this in March , and even last year, when I wrote about the problem with the housing construction boom premise. “I don’t expect a boom in housing construction.

Construction 498

Construction Housing Market Inventory Marketing 498

Will Springer Realtor

SEPTEMBER 12, 2023

We’re just trapped in this equilibrium of low inventory, house prices not coming down, high mortgage rates and current owners who have a strong incentive to just sort of stay where they are and wait this out.” Inventory was little changed from July to August. months’ inventory, down from 1.5 Condo inventory stayed at 1.8

Finance 68

Finance Inventory Construction Buyers 68

Housing Wire

FEBRUARY 24, 2023

Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000. months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 However, this isn’t how inventory grows in America. When supply is 4.3

Inventory 435

Inventory Construction Housing Market Mortgage 435

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 365

Supply Chain Construction Inventory Finance 365

Housing Wire

JUNE 24, 2022

Census: For Sale Inventory and Months’ Supply The seasonally?adjusted Five months of the supply are homes in construction. That is a high level, and two months of the supply hasn’t started construction yet, and a whopping 0.68 The builders will pull back on construction when the supply is 6.5 months are completed homes.

Inventory 444

Inventory Construction Marketing Mortgage 444

Housing Wire

JUNE 27, 2023

The builders have managed their backlog nicely to ensure this data line doesn’t explode higher on them like we saw in 2008. Some people prefer something other than the current active existing inventory. Also, in the chart below, we can all agree it isn’t housing 2005 or housing 2008 with new home sales. Now on to the report.

Construction 488

Construction Inventory Marketing Buyers 488

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. For now, though, the low inventory means housing starts have legs to move higher. months, the builders are ok with construction as long as new home sales grow. If supply goes over 6.5 Hard pass.

Inventory 544

Inventory Construction Government Housing Market 544

Will Springer Realtor

MARCH 14, 2023

“The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” Condo inventory stands at 1.7 months’ inventory for all home types, down sharply from 2.3 Eastside inventory is 1.4 Eastside inventory is 1.4 in Seattle.

Marketing 36

Marketing Buyers Inventory Sellers 36

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s. million in 2023. We are at 8.6

Housing Market 535

Housing Market Marketing Inventory New Listings 535

Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. 291,000 homes are still under construction: 5.7 In the last report, the builders had 9.0

Construction 483

Construction Housing Market Inventory Mortgage 483

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much.

Mortgage 452

Mortgage Inventory Housing Market Construction 452

Listing Spark

FEBRUARY 7, 2024

3) Days on market and months supply of inventory climbed, shifting to a more balanced market For the first time in over 13 years, the market shifted from a scalding hot seller’s market to a balanced market or even a buyer’s market in some areas. We didn’t see a wave of panic selling like we did in 2008. in 2022 to 3.3 in 2022 to 3.4

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

JANUARY 10, 2023

The number of Pendings (1206) has fallen for five consecutive months and is the lowest of any month since December 2008 (1167). A total of 28,393 homes were sold in King County in 2022 (excluding new construction sales). months of inventory, down from 2.2 Inventory in both Seattle and on the Eastside was at 1.8

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Cleveland Appraisal Blog

APRIL 29, 2021

Generally speaking, real estate is one of the most secure investments you can make, and bar any situations like the crash in 2008, you are pretty much guaranteed a constant increase in value and desirability. Again, there is not much you can do about construction materials. Materials used.

Appraisal 249

Appraisal Investing Buyers Renovations 249

Housing Wire

DECEMBER 23, 2020

We don’t need to be concerned about the moderation in the new home sales data because inventory is still low. ” I’m sure you’ve heard the thesis that low inventory suppresses sales. Home sales have gotten to pre-cycle highs with the inventory at pre-cycle lows. Builder confidence is primarily based on inventory.

Inventory 525

Inventory Construction Housing Market Design 525

Housing Wire

SEPTEMBER 28, 2022

However, it does show that the builders are in a much better spot to deal with their massive supply, compared to the 2005-2008 period. They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. The builders will pull back on construction when the supply is 6.5

Construction 462

Construction Sellers Inventory Housing Market 462

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. Back then, we had higher sales, higher inventory, and less price growth, but we had a massive credit bubble.

Inventory 539

Inventory Housing Market Mortgage Construction 539