Housing Wire

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. “All-cash buyers used to be able to go in a little below list price, but now I’m seeing a lot of cash offers that are at list price or higher. .

Inspection 543

Inspection Inventory Buyers Sellers 543

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

Housing Market 505

Housing Market Marketing Inventory Buyers 505

Housing Wire

APRIL 26, 2021

That’s also 16 days fewer than the same period in 2020. At the highest points in 2019 and 2020, average home sale prices never went above $300,000 and $325,000, respectively. And on top of that, builders are struggling to construct new homes given an ongoing lumber shortage.

Sellers 450

Sellers Housing Market Marketing Buyers 450

Housing Wire

FEBRUARY 3, 2023

The construction sector added 25,000 jobs in January thanks to a big uptick in the number of specialty trade contractors (up 21,900 jobs). In addition, non-residential building construction added 4,100 jobs, compared to just 100 jobs in residential construction “Residential building construction employment is up 3.5%

Housing Market 324

Housing Market Marketing Construction Real Estate 324

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month.

Construction 341

Construction Real Estate Housing Market Transportation 341

Housing Wire

AUGUST 23, 2022

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. Also, we had a supply spike in 2018, which caused builders to pause construction — and that was with rates only getting toward 5%. From Census: The seasonally?adjusted

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

MARCH 25, 2021

. “During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. That’s a full 5% drop. Even a slight quarter turn in rates will cause many borrowers to wait out the market. month-over-month.

Mortgage 539

Mortgage Construction Realtors Inventory 539

Housing Wire

JULY 26, 2021

That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. months and above, the builders will pull back on construction.

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. A buyer’s market in 2021?

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? Even 2020 started as it should until the bottom fell out.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. population growth means we will become Japan, but I’ve been focused on demographics and how that will affect housing from 2020-2024. months and above, the builders will pull back on construction. For years, people said slowing U.S.

Inventory 460

Inventory Housing Market Construction Marketing 460

Housing Wire

OCTOBER 21, 2021

“Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.”. MBA expects new home construction to help support growing inventory levels as we enter 2022, which will lead to a deceleration in home-price growth,” Frantantoni said in a statement.

Inventory 399

Inventory Buyers Realtors Contracts 399

Housing Wire

MAY 19, 2021

The numbers are a bit exaggerated, per Redfin Chief Economist Daryl Fairweather, due to the COVID-19 pandemic slowing homebuying and selling in April 2020 and skewing the numbers. “Until new construction takes off — over the course of years, not months — home prices will continue to increase. .

Inventory 443

Inventory Construction Sellers Agents 443

Housing Wire

MAY 26, 2022

Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%. If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. years since the start of 2020.

Inventory 492

Inventory Housing Market Construction Marketing 492

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. 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.”.

Marketing 531

Marketing Realty Realtors Housing Market 531

Housing Wire

FEBRUARY 23, 2021

Eighteen of the 19 cities reported higher price increases in the year ending December 2020 versus the year ending November 2020. increase, noting home prices rose in all nine of the report’s regions in December 2020. December 2020’s 10.4% Digging deeper into the numbers, Phoenix saw a 14.4% Presented by: Fannie Mae.

Inventory 426

Inventory Finance Contracts Construction 426

Housing Wire

JANUARY 6, 2021

This is the first of the company’s strategic homebuilder partners to offer the services to new-construction customers, and they’re starting with the Florida market. We’re always focused on streamlining processes for both home sellers and our homebuilder partners. How to prevent wire fraud while increasing production.

Construction 221

Construction Sellers Real Estate Buyers 221

Housing Wire

APRIL 27, 2022

The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. So, while cash buyers as a percent of sales have been growing, this sector is driven by mortgage buyers primarily. Builders have to find buyers for canceled homes, then think about their demand.

Construction 325

Construction Buyers Housing Market Inventory 325

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. In May 2020, it was $425,000.

Loan Officers 333

Loan Officers Marketing Inventory Real Estate Agent 333

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. That is how fast things changed — a by-product of a sector where the prices of homes were getting out of control after 2020. Key thing to remember: A traditional seller is also usually a buyer.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

JULY 26, 2021

below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price. from June 2020. “Additionally, still-low levels of for-sale inventory are also pushing prices higher as competition for available units remains high among prospective buyers.”

Inventory 414

Inventory Housing Market Construction Sellers 414

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 Here is a breakdown of the supply data: 1.2

Inventory 423

Inventory Construction Housing Market Mortgage 423

Appraisal Buzz

MAY 2, 2022

Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction. Sellers will also have an easier time finding buyers because people can spend more freely.

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

Housing Wire

JANUARY 20, 2021

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. The gauge charting traffic of prospective buyers decreased five points to 68. Inventory has been an issue for real estate agents and brokers since early 2020, as well.

Supply Chain 416

Supply Chain Inventory Housing Market Real Estate 416

Housing Wire

DECEMBER 23, 2022

It didn’t help the builders that they had a global pandemic and we still have many new homes either in construction or that haven’t been started yet. months 290,000 new homes are still under construction, about 5.5 We must remember that the builders don’t operate like existing home sellers; they treat their products as commodities.

Construction 338

Construction Housing Market Mortgage Sellers 338

Housing Wire

MARCH 28, 2022

It got worse in 2020 and 2021, dropping down to levels that are so bad for the national housing market that it warrants me to start discussing possible credit controls in 2023 if we begin another year at fresh new all-time lows. HousingWire: How will rising rates affect new home construction? Inventory has been falling for years.

Housing Market 309

Housing Market Marketing Supply Chain Inventory 309

Housing Wire

JULY 27, 2023

million units last month , supply is mostly coming from multifamily rental construction. from June 2020, nearly doubling the cost in three years, Hale noted. It’s not just the buyers that are getting sidelined. With affordability challenges to persist, demand for new housing construction will follow.

Construction 351

Construction Tenants Mortgage Finance 351

Housing Wire

SEPTEMBER 7, 2022

We have been leasing apartment building units to individual customers in Dallas, Texas, since 2020 and Mr. Eiji Nagahara [the company’s founder and president] has built personal relationships with landowners and local builders in Texas over the years. The design and construction of the luxury properties is outsourced to third parties.

Development 316

Development Real Estate Luxury Properties Construction 316

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

Housing Wire

AUGUST 3, 2022

However, as we all know, after 2020, things are just more intense. . This is why I focused my readers on the years 2020-2024, because if home prices only grew by 23% over five years, we would be ok. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner.

Mortgage 498

Mortgage Inventory Sellers Housing Market 498

DataMaster

JANUARY 15, 2021

It’s a seller’s market! Everyone agrees that 2020 was a highly unusual year in many ways. While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020? National Housing Prices in 2020.

Appraisal 147

Appraisal Construction Business Real Estate 147

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago.

Insurance 338

Insurance Housing Market Marketing Agents 338

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. percentage points of the loan amount,” Nunziata said. in November, down from a 9.2%

Marketing 404

Marketing Government Mortgage Sellers 404