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. I mean very little inventory.

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Loan Officers Marketing Inventory Real Estate Agent 333

Housing Wire

FEBRUARY 22, 2022

homebuilder, housing starts, lumber, builders, builder confidence, construction. Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. of homes for sale were new construction. Nate Noel’s problem isn’t a lack of work.

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Supply Chain Construction Inventory Housing Market 534

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. For now, though, the low inventory means housing starts have legs to move higher.

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Inventory Construction Government Housing Market 543

Housing Wire

MARCH 26, 2021

During a four-week period ending March 21 and covering 400 metros, 58% of homes that went under contract had an accepted offer within the first two weeks on the market. Builders will then be spending less on new builds, which will help the backlogging of inventory. Increasing Lending and Servicing Capacity – Regardless of Rates.

Inventory 545

Inventory Contracts Construction Lending 545

Housing Wire

OCTOBER 18, 2021

While this October reading is positive, it is still 10 points lower than the index’s all-time high set in November 2020. This will spur more construction and help ease upward pressure on home prices.”. NAHB attributes this increase to strong consumer demand for homes. Treasuries and mortgage-backed debt.

Supply Chain 519

Supply Chain Inventory Buyers Housing Market 519

Housing Wire

FEBRUARY 25, 2021

And inventory shortages are the culprit. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. All four areas saw contract transactions increase from a year-over-year standpoint.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

DECEMBER 4, 2020

CoreLogic chief economist Frank Nothaft said in a podcast on Friday that the term “unprecedented” best describes 2020. However, Nothaft expects that mortgages originated today, with a contract rate of 3% or lower, are more likely to have a relatively long life and lenders will not see them coming into refinance anytime soon.

Mortgage 506

Mortgage Contracts Construction Inventory 506

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.

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Inventory Finance Contracts Construction 426

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year. It’s like a horse race.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

OCTOBER 21, 2021

“The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. Year-over-year, inventory of unsold homes decreased 13% in September to 1.27 The share of first-time homebuyers dropped to 28% in September, down from 29% in August.

Inventory 399

Inventory Buyers Realtors Contracts 399

Housing Wire

MAY 24, 2022

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%. Except now, we have had massive price gains in 2020, 2021 and 2022. million total home sales each year from 2020 to 2024. months and above, the builders will pull back on construction.

Housing Market 390

Housing Market Inventory Construction Marketing 390

Housing Wire

AUGUST 3, 2021

Home prices continue to increase as national inventory levels remain low heading into August. growth is the largest annual growth reported since 1979, as supply and demand pressures endure and construction costs continue to rise, said Frank Nothaft, CoreLogic’s chief economist. . from June 2020. from June 2020.

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Buyers Inventory Realtors Contracts 498

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. ” Contract signings on new homes increased 13.1% ” Contract signings on new homes increased 13.1% climb from 2020.

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Supply Chain Inventory Buyers Realtors 414

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. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.

Construction 385

Construction Supply Chain Investors Business 385

Housing Wire

JULY 26, 2021

And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. That market, which is fiercely competitive, allows consumers the best chance to see all inventory and make informed decisions. fell to new a new low of 4.94% in 2020.

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Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co. metro areas.

Housing Market 544

Housing Market Marketing Construction Development 544

Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here. percent from 5.49

Construction 52

Construction Appraisal Modernization Contracts 52

DataMaster

JANUARY 15, 2021

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. Housing prices in 2020 skyrocketed.

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Appraisal Construction Business Real Estate 147

Housing Wire

DECEMBER 31, 2021

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. Meanwhile, in 2020, LO turnover was the lowest in the survey’s history, at 21%, the MBA found. The second-lowest LO turnover rate was in 2003, at 31%.

Marketing 414

Marketing Law Government Mortgage 414

Hank Miller Team

DECEMBER 17, 2021

Well that was until about Mid-March of 2020 when all hell broke loose. The Jan/Feb inventory bounce always happens; and it did in 2020 until the world stopped. See the inventory bumps as we head into the first quarter? Even 2020 started as it should until the bottom fell out. Is new construction the answer?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Will Springer Realtor

SEPTEMBER 8, 2021

Builders began construction on just under a million single-family homes in 2020. There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers.

Construction 36

Construction Inventory Buyers Real Estate 36

The Robert Weiler Company

SEPTEMBER 7, 2022

The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. We’ve seen incredible sales numbers, houses selling faster than ever, and a low inventory of new homes. What Does Low Inventory Mean for Ohio Land for Sale? Residential Real Estate Sales.

Marketing 78

Marketing Real Estate Investing Retail 78

Listing Spark

SEPTEMBER 25, 2023

Increasing Days on Market and Months Supply of Inventory Days on market and the months’ supply of inventory have witnessed a steady climb, indicating that homes on the market are taking longer to sell. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. What Fannie Says About 3d Printed Homes in Announcement SEL-2023-08September 6, 20233D printed homes are an innovative building technique that brings efficiency and potential cost savings to new home construction.

Appraisal 80

Appraisal Contracts Business Construction 80

Eppraisal

NOVEMBER 30, 2021

percent above the October 2020 rate. This is partly due to the shortage of available housing inventory this year. They will ask for a deposit to hold the lot for a few days until an appointment is made to sit down together and write the formal sales contract. Housing starts increased right along with home values in 2021.

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Contracts Home Value Design Development 36

Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. months of inventory. Inventories across the county for all home types now stand at 2.2

Inventory 36

Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

MARCH 14, 2023

“The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” Condo inventory stands at 1.7 months’ inventory for all home types, down sharply from 2.3 Eastside inventory is 1.4 Eastside inventory is 1.4 in Seattle.

Marketing 36

Marketing Buyers Inventory Sellers 36

Lamacchia Realty

DECEMBER 28, 2021

The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall. 2021 Recap. Yes, you read that correctly, worse. It is a real problem.

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Sellers Inventory Buyers Realtors 74

Appraisal Today

AUGUST 13, 2023

High-end construction with luxe touches throughout, vaulted ceilings elevate the space. Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.02 garage as well.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Will Springer Realtor

JANUARY 10, 2023

Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs. A total of 28,393 homes were sold in King County in 2022 (excluding new construction sales). for the year, the first YoY price decline in the county since May 2020 early in the pandemic.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

JANUARY 7, 2022

The industry is prepared for another high-demand, low-inventory year, even if conditions do not quite hit the fever pitch of 2021. The traditional spring start to residential sales should kick into gear by this time next month, though about 40% of all transactions close between April and July.

Construction 36

Construction Real Estate Inventory Buyers 36

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. shy of the need.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 14, 2021

Our annual forecast from late 2020 offered a bit more optimism than reality but it hasn’t stopped us from producing another look at what the year ahead may offer. That’s far higher than YoY figures at the end of 2020 (up 1.7%) or 2019 (2.5%). The county lost nearly 150,000 jobs in April 2020 alone. this year nationally and 3.8%

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

APRIL 11, 2022

That’s what the people behind The Emerald condo did when it opened in 2020. This year’s buying and selling campaign will be marked by increasing inventory (good!), The median price of a single-family home in King County was $720,400 in March 2020; it is now $930,000, or 29% higher. THE IMPACT OF SURGING RATES. BY THE NUMBERS. >>

Construction 36

Construction Development Inventory Buyers 36

Appraisal Today

JUNE 10, 2022

Not much work probably compared with 2020-2022. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. The rate environment of 2020/2021 is the biggest problem because it cleared out a vast majority of refi potential from the market. This is the past. percent from 5.33

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. Did anyone think in early 2020 that home values all over the country would go off the charts? USPAP and the Contract. Therefore, they say, keep the contract!

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Appraisal Contracts Real Estate Mortgage 52