Hank Miller Team

JANUARY 23, 2023

That message however, is often taken at face value and some home buyers expect a bargain basement spring. Best advice as to what home buyers should expect in the spring of 2023.understand understand that it's not the spring of 2011. Home buyers had a rough couple of years. Preparation is the key to success.

Buyers 98

Buyers Inventory Agents Contracts 98

Housing Wire

OCTOBER 18, 2022

The NAHB/ HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes.

Housing Market 391

Housing Market Buyers Contracts Construction 391

Housing Wire

OCTOBER 17, 2022

This contributes to fewer homes being listed , as well as fewer potential buyers, and may lead to a growing share of listings having to cut prices to meet the reduced demand.” This is the slowest quarter of growth since Q4 2011. We expect these trends to continue in the coming months,” Duncan said. in Q3 2022.

Inventory 334

Inventory Buyers Mortgage Housing Market 334

Inman

FEBRUARY 21, 2023

Finkelstein Reader initially joined Keller Williams in 2011 as the leader of the Laurie Finkelstein Reader Real Estate Team. Her team served buyers and sellers in Broward County, Florida.

Brokerage 148

Brokerage Real Estate Sellers Buyers 148

Housing Wire

FEBRUARY 1, 2021

Since 2011, the number of existing single-family homes for sale has declined more than 30%. As Candace Taylor writes in The Wall Street Journal , “These days, buyers eschew the large, ornate houses built in [previous] years in favor of smaller, more-modern looking alternatives.”

Finance 368

Finance Buyers Modernization Construction 368

Housing Wire

OCTOBER 7, 2020

points, but has recovered more than half of its early pandemic-period decline when April’s HPSI hit its lowest reading since November 2011. August’s HPSI survey revealed both a confident seller’s and buyer’s market, however, Fannie Mae reported September buyers showing more hesitancy.

Sellers 535

Sellers Real Estate Agent Buyers Design 535

Housing Wire

AUGUST 24, 2023

However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers. said Sturtevant.

Mortgage 364

Mortgage Property Taxes Investors Buyers 364

Housing Wire

SEPTEMBER 21, 2023

“Fall could bring more declines in home prices as more buyers bow out.” The year 2023 is shaping up to be the first year since 2011 when annual existing-home sales will come in below 4.5 However, month-over-month, the median home price nationally was flat in August, Bright MLS Chief Economist Lisa Sturtevant noted.

Inventory 387

Inventory Realtors Housing Market Mortgage 387

Housing Wire

OCTOBER 1, 2022

In comparison, in 2011, homes took 96 days to sell. . Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies.

Realtors 377

Realtors Housing Market Marketing Buyers 377

Housing Wire

JANUARY 19, 2024

From NAR: First-time buyers were responsible for 29% of sales in December; Individual investors purchased 16% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 29 days. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

OCTOBER 20, 2022

Though price growth has cooled and prices have begun to come down, high and still climbing mortgage rates mean many of today’s buyers face larger home payments than they would have when home prices were at their peak Hannah Jones, economic data analyst at Realtor.com. Buyers, builders and sellers take a step back as inflation persists .

Mortgage 393

Mortgage Sellers Buyers New Listings 393

Housing Wire

DECEMBER 7, 2020

The monthly housing supply for the existing home sales has only gone above six months during the bust years after the housing bubble (2006-2011). This period was also during a lull in our prime-age labor force growth, so demand was soft during the years 2006-2011. million jobs lost. Hard pass. It could also function as a jobs program.

Inventory 543

Inventory Construction Government Housing Market 543

Appraiserblogs

NOVEMBER 7, 2023

Could it be because of the racial bias complaint filed against me by an unhappy Seller… Fannie Mae accomplished what they set out to do in July 2011, when they initiated their Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal. So what’s caused the sudden loss of income?

Sellers 126

Sellers Valuation Law Contracts 126

Housing Wire

AUGUST 16, 2022

Currently, we are in a much different housing recession than what we had from 2005-2011. Now that demand is falling, the builders will take their time finishing these homes to ensure they have buyers ready to move in once the homes are completed. The credit cycle looks much different now than the build-up from 2002-2005.

Mortgage 529

Mortgage Construction Inventory Buyers 529

Housing Wire

DECEMBER 20, 2023

From NAR : First-time buyers were responsible for 31% of sales in November; Individual investors purchased 18% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 25 days. So, let’s not make that mistake in 2024. Unsold inventory sits at a 3.5-month

Housing Market 428

Housing Market Marketing Inventory Realtors 428

Housing Wire

SEPTEMBER 14, 2023

After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. From February 2011 to April 2022, mortgage rates never rose above 5%, making the cost to borrow money and buy a home very cheap. million homes.

Tenants 355

Tenants Government Law Buyers 355

Housing Wire

AUGUST 13, 2020

In this testimony given before congress in March of 2011 Calabria stated this: “ Reducing the competitive advantage of Fannie Mae and Freddie Mac via a mandated increase in their guarantee fees would both help to raise revenues while also helping to “level the playing field” in the mortgage market. It’s time to take the gloves off.

Mortgage 532

Mortgage Finance Marketing Insurance 532

Housing Wire

JUNE 18, 2021

in the fourth quarter of 2020 to its lowest point since the second quarter of 2011. homes flipped in the first quarter of 2021, 10 percent were sold to buyers using loans backed by the Federal Housing Administration (FHA), down from 11.6% The gross flipping return on investment was down from 41.8% Of the 32,526 U.S.

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Investors Investing Inventory Lending 477

Housing Wire

JANUARY 20, 2023

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. Also, this is what the Federal Reserve wants.

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

MAY 7, 2021

Going further back, regulatory costs for a new home were approximately $65,000 in 2011. That hasn’t happened yet, as low inventory continues to cripple homebuilders and potential buyers, who don’t want to engage in ultra-competitive bidding wars. thus, increasing inventory and driving overall prices down.

Construction 457

Construction Inventory Government Development 457

Appraiserblogs

APRIL 10, 2023

.’… Under-Valuations Unrelated to Racial Bias Under-valuations that more accurately reflect the homes' “true” value as opposed to the contract price will also alert the buyer,… UAD Composite Property Data Info Released to the Public Appraisers, since 2011, the GSEs (called the ‘Enterprises’) have been collecting and analyzing appraisal data using their (..)

Appraisal 116

Appraisal Contracts Valuation Finance 116

Housing Wire

OCTOBER 28, 2020

After months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer. “In CNBC also cited a source that said CoreLogic “has already signed a non-disclosure agreement with at least one potential buyer.”

Investors 314

Investors Buyers Investing Technology 314

Housing Wire

MARCH 9, 2024

Moving the needle doesn’t take much since we all know we have buyers ready to go and home sales are at record lows. Weekly new listing data for the last week over several previous years: 2024: 59,243 2023: 50,687 2022: 59,661 For some historical context, new listing data this week in 2011 was 362,248.

Mortgage 439

Mortgage Inventory New Listings Housing Market 439

Housing Wire

APRIL 23, 2023

Below is the monthly supply of existing homes from 1999-2014, where you can clearly see the growth in monthly supply from 2006-2011. As you can in the chart below, the monthly supply data shows we have no forced selling action in the housing market today, unlike the 2006-2011 period. I believe that number is four months.

Inventory 543

Inventory Housing Market Marketing New Listings 543

Housing Wire

OCTOBER 20, 2023

No buyer must use a real estate agent — ever. A meaningful percentage of buyers did not hire a real estate agent when they bought their last home. RealTrends + Harris Insights ‘ studies from 2002, 2005, 2006, 2011, 2014, and 2019 all show that consumers know that commissions are negotiable.

Real Estate Agent 413

Real Estate Agent Real Estate Brokerage Agents 413

Housing Wire

SEPTEMBER 7, 2022

It launched an interactive media platform as well in the fall of 2021, called Glocaly, which serves as a listing and marketing exchange for matching sellers and buyers of condos. Between 2011 and the end of 2021, Japanese companies operating in Texas accounted for a total of some $6.8

Development 316

Development Real Estate Luxury Properties Construction 316

Housing Wire

SEPTEMBER 23, 2022

“The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yield’s jump to its highest level since 2011,” Sam Khater, Freddie Mac’s chief economist, said in a statement. However, the number of homes for sale remains well below normal levels.”

Housing Market 367

Housing Market Marketing Mortgage Buyers 367

Housing Wire

APRIL 20, 2023

For some historical context, back in 2011, this data line was 101 days. NAR: First-time buyers were responsible for 28% of sales in March; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 29 days.

Inventory 518

Inventory Housing Market Marketing New Listings 518

Housing Wire

MAY 26, 2022

However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005. These two factors were happening from 2006 to 2011 and added supply to the market. You don’t want to overcomplicate this topic. Credit stress was evident from 2005 to 2008.

Inventory 492

Inventory Housing Market Construction Marketing 492

Housing Wire

OCTOBER 20, 2022

On the other hand, investment-return decline during this year’s summertime home-selling season marked the largest quarterly downturn since 2011, with the third-quarter reversal also marking the first since 2010 that seller returns went down from the second to third quarter.

Sellers 365

Sellers Investing Housing Market Real Estate 365

Housing Wire

SEPTEMBER 22, 2022

A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. However, it’s not the market of 2002-2011. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

Inventory 505

Inventory New Listings Housing Market Sellers 505

Housing Wire

DECEMBER 7, 2022

million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5

Housing Market 540

Housing Market Mortgage Marketing Inventory 540

Housing Wire

FEBRUARY 8, 2024

Kingsbury said homes at lower price points have the largest buyer pools and are frequently subject to the stiffest competition. 11 of last year found that 27,700 violent crimes had been reported in the city, marking the highest level of violent crime in Chicago since 2011. A CBS Chicago analysis of police data from Jan. 1 through Dec.

Inventory 371

Inventory Agents Housing Market Luxury Properties 371

Housing Wire

JANUARY 26, 2022

Experienced real estate investors often say that there are opportunities in every market — whether prices are rising or falling, whether the trends lean towards a buyers’ market or a seller’s market. in 2021, the lowest level of gross margin since the first quarter of 2011, during the Great Recession. in 2020 to 33.2%

Real Estate 424

Real Estate Investors Inventory Business 424

Housing Wire

DECEMBER 3, 2020

In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”. Notably, in 2011, existing home prices in Ada County were at $160,113. Now, in 2020, median existing home prices are at $410, 414.

Marketing 531

Marketing Realty Realtors Housing Market 531

Housing Wire

APRIL 7, 2023

It’s up to you to serve as their guide — some of these potential buyers are navigating these waters for the very first time. Don’t leave it up to them to translate the noise they’ll likely encounter on their voyage.

Retail 334

Retail Real Estate Clients Modernization 334