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Homebuyers increasingly seek ARMs as mortgage rates soar 

Housing Wire

Buyers, builders and sellers take a step back as inflation persists . On the heels of heightened mortgage rates and persistent inflation, buyers, builders and sellers have taken a step back to consider their best course of action. Sellers are responding to the shift in the market and pulling back on listing activity, resulting in a 9.8%

Mortgage 399
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Homes in Boise, Idaho are “flying off the market”

Housing Wire

Notably, in 2011, existing home prices in Ada County were at $160,113. They bid $750,000 and again at $775,000, which the seller said would work. New construction continues to take more and more of our market,” Dopp said. New construction used to be maybe 15-20% of the market, trending toward 40% of the market now.

Marketing 531
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The 2021 housing market recap by Logan Mohtashami

Housing Wire

Housing permits are growing and this is a good thing for the economy and construction jobs. While I have never been a housing construction boom guy because mature economies typically don’t have a construction boom, the fact that permits are keeping their uptrend is a big positive for the United States of America.

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% from a year ago and at a level not seen since 2011. Who said this is a sellers’ market? “In construction jobs in the U.S., year-on-year (YoY), according to U.S.

Sellers 36
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Agents harness the power of social media to generate leads

Housing Wire

When Gogo Bethke began her career in real estate back in 2011, the Romanian immigrant felt like social media was her only option to generate leads and close deals. “I Instead, the Michigan-based eXp agent created her Facebook business page shortly after passing her licensing exam in 2011 and named it “Gogo’s Real Estate.”. “I

Agents 393
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Solving the Housing Shortage

DataMaster

The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. And the number continued to slide to a low of 446,600 in 2011. Clearly, construction is not keeping up. the rate of construction has decreased over the last couple of decades! Manufactured Homes.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

Builders began construction on just under a million single-family homes in 2020. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. Most notably, it’s the first time mortgages declined from Q1 to Q2 since 2011, according to ATTOM Data Solutions.