Housing Wire

NOVEMBER 4, 2021

Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed. Top markets for affordable renovated housing inventory. Around one-third of construction workers are immigrants, and a growing number — now about 11% — are women.

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Housing Wire

JUNE 15, 2022

About two-thirds of the properties involved in the Progress transaction are in the Sun Belt markets of Atlanta, Jacksonville, Las Vegas, Phoenix, Tampa and Nashville, the KBRA report states. The Progress Residential SFR platform was launched in 2012 “to capitalize on dislocation in the U.S.

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Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. Taken by Felix Mizioznikov.

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Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. The capital ratio of the Federal Housing Administration ’s MMI fund reached 8.03% at the end of September, an increase of 1.93

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Housing Wire

FEBRUARY 24, 2022

This stands in contrast to the existing home sales market, where higher mortgage rates can create more inventory and cool down price growth. family houses in January 2022 were at a seasonally adjusted annual rate of 801,000, according to estimates released jointly today by the U.S. percent (±16.2 percent (±15.2

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Housing Wire

DECEMBER 23, 2021

months and total inventory are collapsing again and we might see new fresh all-time lows before the spring of 2022. Now the new home sales market had a monthly supply spike this year, but it stabilized. months, this is an OK market for the builders. From Census: For Sale Inventory and Months’ Supply: The seasonally?adjusted

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Miller Samuel

MARCH 19, 2019

The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.

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Will Springer Realtor

AUGUST 15, 2023

“The housing market’s going nowhere fast,” Mark Zandi, chief economist of Moody’s Analytics, told the media in July. Mortgage rates are high, home prices are high, there’s no inventory.” The dynamics of this year’s housing market are complex. The result: generally rising prices amid limited inventory.

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Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. With so few available places to live, the competition for those homes is making housing much less affordable for many. homes shy of what’s needed today.

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Will Springer Realtor

AUGUST 9, 2021

Additional housing, particularly more affordable units, will only help strengthen the health of the public and economy. Housing affordability decreased in 45 of the 50 states from 2012 to 2019. About 57% of all new housing was classified multifamily (four or more units in one location). AUGUST HOUSING UPDATE.

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Will Springer Realtor

DECEMBER 8, 2021

Who said this is a sellers’ market? Perhaps it’s truly a builders’ market. Building developers are optimistic they can overcome many of the challenges. GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. The cupboards are bare.

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Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The aim is to generate more multi-family housing, from duplexes to fourplexes. Among other bills in the works, as of this writing: House Bill 1908 relates to the conversion of surplus public property to affordable housing.

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Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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