Housing Wire

APRIL 24, 2023

million, the existing home sales forecast represents the slowest annual pace since 2010, according to the ESR Group. New home construction is expected to pull back later in 2023 – consistent with Fannie Mae’s forecasted recession – which is due, at least in part, to tighter credit availability for construction lending.

Construction 364

Construction Inventory Lending Mortgage 364

Housing Wire

MARCH 31, 2022

Especially in a year when inventory has crashed to all-time lows and demand for those houses is still so high. This got smashed in two years, and inventory levels broke to all-time lows this year. The speculative debt boom we saw from 2002-to 2005 can’t be repeated with the current lending standards in place.

Housing Market 523

Housing Market Inventory Lending Marketing 523

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. Another reason why distressed sales are likely low, is that lending standards remain tight. It is difficult to obtain a mortgage today.

Realtors 385

Realtors Housing Market Marketing Buyers 385

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

Agents 393

Agents Buyers Sellers Inventory 393

Housing Wire

JUNE 15, 2022

In a tight housing market with a shortage of inventory and soaring rates, many homebuyers are opting for ARMs, which carry lower rates for an initial period of fixed interest and amortize over a 30-year term. . Not a one-size fits all”.

Mortgage 359

Mortgage Bracketing Loan Officers Investors 359

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). months’ inventory, up from 1.4 months’ inventory (2.0 Single-family inventory rose to 1.6 King had 1.8

New Listings 54

New Listings Buyers Inventory Lending 54

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 392

Housing Market Marketing Inventory Lending 392

Miller Samuel

FEBRUARY 12, 2019

Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market. Studio inventory is up 21% percent. The push for fewer mandatory appraisals isn’t the only thing that has hurt the appraisal industry since the Dodd Frank Act was passed in 2010.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. Where can you find good sources of lending. “I think what people are doing right now is they’re keeping inventory down.

Finance 36

Finance Investing Real Estate Lending 36

Housing Wire

DECEMBER 29, 2022

This now goes into a subject matter that is a striking difference between 2022 versus 2008: Inventory and Credit. Housing inventory. Total housing inventory today — using the NAR data — stands at 1.14 We now have real credit risk, as prices are falling from the peak in some areas; late-cycle lending risk is always traditional.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

MARCH 23, 2022

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. Could you imagine this housing market if we eased lending standards? We cannot have a credit boom because speculation debt has been taken off-grid post-2010 with credit.

Mortgage 455

Mortgage Inventory Housing Market Construction 455

Will Springer Realtor

DECEMBER 12, 2023

King County’s 1474 monthly home sales is the lowest for any November since 2010 (1331) – in the middle of the housing crisis. Months of inventory for single-family homes was flat at 1.7 (or Inventory was at 1.9 Most eye-popping, inventory for condos surged to “buyer market” levels in November. units, a 13-year low.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. 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

Will Springer Realtor

NOVEMBER 14, 2023

Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. months of inventory available in the county, down from 2.0 Single-family inventory narrowed to 1.7 Inventory of county condos rose to 2.5 in September.

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

OCTOBER 10, 2023

Total sales dropped 16% (1823) since August and 22% year-on-year (YoY) for the entire county – the fewest sales for a September since 2010 (1488). The latest number is considered unaffordable by common lending standards, which call for a 28% debt-to-income ratio and it marks the highest level since 2007. Single-family inventory is 1.8

Buyers 64

Buyers Inventory Sellers Housing Market 64

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

FEBRUARY 8, 2023

The good news is that people still want to live downtown, with the population at about 95K, a 67% increase since 2010 – quite remarkable growth in a dozen years. There is about 9 months’ available supply (down from 13 the month previous), meaning it would take that long for all existing inventory to sell before needing to be replenished.

Retail 36

Retail Design Development Landlords 36

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. ” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. Loan applications are way down, the lowest in 22 years. What was your business like before the pandemic?

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

SEPTEMBER 30, 2020

A report by the Latino Donor Collaborative found that Latino GDP grew 72 percent faster than non-Latino GDP over the entire period from 2010 to 2018. in August year-over-year, however Fannie Mae economists expect single-family housing starts to rise to 933,000 this year to combat inventory pressures.

Inventory 451

Inventory Real Estate Realtors Lending 451

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? HousingWire: What do lending executives need to understand when it comes to supporting top producers? MW: As far as the inventory levels go, this is something that I’ve been focusing on and specializing in for years.

Real Estate Agent 260

Real Estate Agent Mortgage Real Estate Training 260

Will Springer Realtor

MAY 9, 2022

Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55). That was within the 28% ceiling considered affordable by common lending standards. ” The increased number of listings and slight slow-down of the market have helped boost inventory numbers. MAY HOUSING UPDATE. a month ago.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. months (or 40 days) worth of inventory is on the market.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36