Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. Year-over-year, inventory of unsold homes decreased 13% in September to 1.27 decrease from August 2021. Existing-home sales rose 7.0% Despite this increase, sales of existing homes are still down 2.3%

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Inventory Buyers Realtors Contracts 399

Housing Wire

DECEMBER 18, 2020

And it’s a trend that is only going to get worse, as real estate company Redfin reports that hot housing markets in major southern cities , including Austin, will become less affordable in 2021. There is currently only one month’s worth of housing inventory in Austin. Additionally, residential sales increased by 28.8%

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Realtors Inventory Housing Market Real Estate 441

Housing Wire

SEPTEMBER 23, 2021

Khater said that homebuyers are soaking up all available inventory, which has improved slightly, while home-price growth is also moderating. Mortgage rates have been in a deadlock for the past two months, struggling to crest 3%, despite expectations that 2021 would bring higher levels. But that may soon change.

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Mortgage Inventory Construction Technology 441

DataMaster

JANUARY 15, 2021

Appraising in 2021. 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? With all of this selling going on, appraising in 2021 will stay strong! Is this rate of selling sustainable for 2021?

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Appraisal Construction Business Real Estate 147

Housing Wire

SEPTEMBER 22, 2022

million units this year from 2021, a further downward revision from August’s projected 16.2% In August, the national inventory of unsold existing homes was at 3.3-month at the start of the year, according to the National Association of Realtors. In August, the national inventory of unsold existing homes was at 3.3-month

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Housing Market Supply Chain Marketing Inventory 400

Housing Wire

NOVEMBER 3, 2020

nationally by September 2021 as higher prices erode affordability. Data from the National Association of Realtors and U.S. COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic. by September 2021.

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Inventory Housing Market Construction Marketing 463

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% annually to $350,000, according to the Friday report from the National Association of Realtors. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3% from a year ago. “While the 6.7

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Supply Chain Inventory Buyers Contracts 404

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. Unsold inventory sits at a 2.5-month

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Inventory Buyers Realtors Housing Market 397

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Barnes said.

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Renovations Realtors Construction Mortgage 376

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. With the rate for a 30-year mortgage 300 basis points higher than 2021, the buyer of a median-priced home this week is facing a monthly payment that is 66% higher than the same week in 2021, Ratiu noted. Kurt Carlton, President of New Western. “The

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Mortgage Loan Officers Buyers Inventory 400

Housing Wire

MAY 27, 2021

As rates rise, demand wanes and builders can catch up on the few months of inventory left for hungry borrowers. If new home sales don’t grow, housing construction will slow down. The falling number of homeowners in mortgage forbearance will also bring about more inventory.”. “The

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Mortgage Inventory Housing Market Construction 457

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. The low interest rates continue to make conditions ideal for homebuyers.”.

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Housing Market Marketing Realty Realtors 428

Housing Wire

MARCH 8, 2021

by the end of 2021. According to National Association of Realtors data, there was only 1.9 Newly built housing inventory is rising, up to about four months supply at the current strong pace. Newly built housing inventory is rising, up to about four months supply at the current strong pace. Exhibit 2 — click to enlarge.

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Supply Chain Inventory Construction Marketing 531

Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. 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.

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Supply Chain Inventory Housing Market Contracts 399

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.

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Housing Market Marketing Realtors Inventory 424

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. 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.

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Construction Housing Market Sellers Marketing 369

Housing Wire

DECEMBER 29, 2020

Home prices have continued to increase this year as a result of low inventory and high demand for homes. Zillow Economist Matthew Speakman said that the pace of home-price appreciation should continue “ well into 2021.”. million, according to the National Association of Realtors. census divisions, reported an 8.4% Census Bureau.

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Buyers Construction Realtors Inventory 542

Housing Wire

JANUARY 22, 2021

Existing home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to the National Association of Realtors. Experts project low mortgage rates to continue driving home sales in 2021. Total housing inventory at the end of December totaled 1.07 A total of 5.64 Sales also rose 0.7%

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Construction Investors Realtors Real Estate 413

Housing Wire

JANUARY 7, 2022

That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. The typical home value in September 2021 is $147,000, according to Zillow, up 20% from August 2020. Springfield, Missouri.

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Housing Market Marketing Real Estate Agent Agents 324

Berkshire Hathaway

JULY 13, 2021

According to early indicators it seems that new-home construction is beginning to ramp up especially with the prices of lumber decreasing. This is a great sign for buyers because with the high demand and the low inventory of homes for sale this will give people more options. million for all of 2021 and rise further to 1.7

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Construction Inventory Buyers Realtors 65

Housing Wire

SEPTEMBER 22, 2022

I go into real estate offices and Realtors have zero listings for the week,” said the LO, who requested anonymity to protect the business of her partners. “I This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. And it’s going to get worse.

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Mortgage Loan Officers Inventory Retail 375

Housing Wire

MARCH 31, 2021

Specifically, the plan calls for the construction and rehabilitation of over 500,000 homes in low- and middle-income areas. Biden is also calling on Congress to eliminate exclusionary zoning laws, which he says inflates housing and construction costs – an issue that has crippled homebuilders across the country for more than a year.

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Housing Wire

DECEMBER 28, 2021

By the end of 2019, just 4,608 people called the town home, However, by early 2021, the population was already rebounding, with roughly 6,000 people living in Paradise. We have had over 200 lots active on the market at one time since 2019, so we are a little low on inventory.”. So, it’s coming along, but it’s a slow process.”.

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Insurance Realty Agents Construction 305

Housing Wire

DECEMBER 15, 2021

Housing inventory remains persistently low, home prices are at all-time highs and affordability is becoming out of reach for more people with every passing day. Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. HousingWire: What are the current challenges when it comes to affordable housing?

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Finance Construction Law Inventory 334

Housing Wire

JULY 12, 2023

from last June, the lowest since late 2021 but still well above the Fed’s target. This is the smallest 12-month increase since the year ending March 2021 and the 12th consecutive month of inflation declines. Moreover, with so many empty apartment units under construction, rents could plateau by this time next year.”

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Insurance Construction Tools Realtors 271

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. million in September 2021. million units from 6.18

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Mortgage Sellers Contracts Buyers 388

Housing Wire

APRIL 13, 2022

The Hispanic homeownership rate grew moderately to 48.4%, partly due to organized advocacy and the work of Latino Realtors and lenders. Housing costs, particularly at the bottom of the market, have skyrocketed with a limited supply of housing and a severe shortage of construction workers. in 2001 to 44.8% Prices continue to rise.

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Insurance Construction Government Lending 366

Lamacchia Realty

JANUARY 24, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for December 2021 compared to December 2020. Miami-Dade & Palm Beach Counties.

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New Listings Inventory Buyers Realty 49

Cornerstone

JANUARY 19, 2021

These are the highlights: The expert outlook on the 2021 housing market is optimistic. What will the 2021 housing market look like? Lawrence Yun , National Association of REALTORS® (NAR) Chief Economist. Lawrence Yun , National Association of REALTORS® (NAR) Chief Economist. Reading Time: 2 minutes. 4 experts weigh in.

Construction 61

Construction Housing Market Loan Officers Mortgage 61

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. Swimming pools and hot tubs are a hot commodity this summer and according to the team at Lamacchia Landscape Construction , they are seeing a large increase in requests from clients looking to install patios , firepits , walkways , and even basketball courts to make the most of their yards this summer.

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Renovations Buyers Home Improvement Realty 55

Clear Capital

AUGUST 30, 2021

The August 2021 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 6.4 The National Association of Realtors (NAR) estimate of housing inventory is well below a balanced market, with only 2.6 Download the report , or read it below. months worth of supply.

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Marketing Real Estate Inventory Construction 69

Eppraisal

SEPTEMBER 24, 2021

The 2021 fall real estate market is going to be different. These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." Interest Rates At the beginning of 2021, the interest rates fell below three percent.

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Marketing Supply Chain Real Estate Construction 28

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Marketing Government Mortgage Sellers 404

Lamacchia Realty

DECEMBER 28, 2021

2021 Recap. 2021 is going down in history as a historical year for the housing market across America. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. But not in 2021. In fact, our REALTORS had multiple properties that had over 30 offers!

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Sellers Inventory Buyers Realtors 74

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Top Ranked Realtors: Paige Martin & The Houston Properties Team. The debt level, both current and anticipated in 2021, is worrisome.

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Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

SEPTEMBER 8, 2021

The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. Builders began construction on just under a million single-family homes in 2020. and another 10% boost in 2022.

Construction 36

Construction Inventory Buyers Real Estate 36

Housing Wire

JANUARY 6, 2023

billion in origination volume in 2021 to less than $500 million in 2022, Gallo plans on using his database of former clients — which make up to 70% of his referral business — to follow up and check in this year. Connie Kim: Then who are your main referral partners – Realtors? After dropping from $1.2 Financial advisors?

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Business Loan Officers Clients Inventory 366