Remove 2011 Remove Development Remove Housing Market Remove Sellers
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Elevated borrowing costs remain the top worry for homebuilders

Housing Wire

Additionally, the competition from existing home sellers was somewhat absent. Department of Housing and Urban Development. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. An estimated 668,000 new homes were sold in 2023, 4.2% Census Bureau and the U.S.

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Biden taps Julia Gordon to be FHA commissioner

Housing Wire

The Biden administration has nominated Julia Gordon to serve as federal housing commissioner at the Department of Housing and Urban Development. Gordon is an expert in federal policy related to homeownership, community development and the nation’s housing finance system.

Finance 394
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Are new home sales flagging a recession?

Housing Wire

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. Census Bureau and the Department of Housing and Urban Development.

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FHA Commissioner Julia Gordon gets to work

Housing Wire

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. I am confident that she will bring a depth of expertise and perspective to FHA at a critical time for our country’s housing market.”.

Insurance 311
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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

from a year ago and at a level not seen since 2011. Who said this is a sellersmarket? Perhaps it’s truly a builders’ market. Building developers are optimistic they can overcome many of the challenges. DECEMBER HOUSING UPDATE. What may 2022 offer for our housing market?

Sellers 36
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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

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Expectations for 2022 in Seattle/King County Real Estate

Will Springer Realtor

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021.