Eyes on Housing

AUGUST 11, 2022

During the second quarter of 2022, credit became both tighter and more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing.

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Construction Contracts Finance Development 168

Housing Wire

DECEMBER 4, 2020

once we get out to 2022, but we are expecting mortgage rates over the next three years to be far less than they’ve been in the last decade.”. There are a little over 20 million home mortgages outstanding, with a contract interest rate of 4% or higher still in the United States,” he said.

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Mortgage Contracts Construction Inventory 506

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% An index of 100 is equal to the level of contract activity in 2001. In the new construction sector , NAR predicts sales to increase 4.5% The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, year over year.

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Inventory Realtors Contracts Construction 398

Housing Wire

FEBRUARY 3, 2023

The loan program can’t be extended, relocked or renegotiated until after the lender receives a fully executed sales contract and is only eligible for up to 30 days of extension. billion in volume in 2022, down 56% from the previous year’s production of $78.13 Guaranteed Rate originated $34.38 About 71.2%

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Loan Officers Buyers Contracts Mortgage 339

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” On the flip side, newly constructed home sales are forecast to increase 12.3% from 2022 to 2023, to 1.47

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Construction Inventory Realtors Housing Market 349

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. million units in 2022, up from 5.67 trillion in 2022 and $1.70 Consequently, mortgage rates started a downward trend. million in the prior forecast.

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Mortgage Housing Market Retail Contracts 404

Housing Wire

JUNE 17, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. Fannie Mae’s economic group said its outlook on mortgage rates will remain the same: 30-year fixed contract rate at 3% in 2021 and 3.3%

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Mortgage Housing Market Contracts Construction 442

Housing Wire

FEBRUARY 1, 2023

“The spread between mortgage rates and the 10-year Treasury has been abnormally wide since early 2022 — further narrowing of that spread is expected to put downward pressure on mortgage rates in the coming months.” The average contract interest rate for 5/1 ARMs decreased to 5.38% last week, down from 5.44% the previous week.

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Mortgage Marketing Loan Officers Contracts 321

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% compared to a year ago. in 2023 and 5.4%

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Housing Market Realtors Contracts Buyers 403

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. It's not a rosy outlook; expect home buyer frustration to increase in 2022. The bump kinda sorta returned in 2021 but what happens in 2022? Is new construction the answer?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Raleigh Realty

JULY 31, 2022

This is one of the steps that happen after you go under contract and sometimes can happen prior to. At the end of this inspection period repairs, financial concessions, or other negotiations may occur before entering the final phase of the contract. Most inspectors will also check for Polybutylene pipes.

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Inspection Sellers Real Estate Agent Buyers 148

Housing Wire

JUNE 7, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group had forecast a slowdown in home sales for the second and third quarters of 2022, followed by a softening in construction activity and a noticeable deceleration in home price growth. .

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Mortgage Housing Market Contracts Construction 371

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Hire construction professionals you trust, and maintain oversight of the project throughout its duration. This will help you ensure that the construction staff is safe. To ensure that all parties are in agreement, you should compose contracts for all contractors and clients you do business with. The Role of Lighting in Safety.

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Real Estate Development Appraisal Contracts 303

Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. September 28, 2022. September 27, 2022. The residence is comprised of two steel-framed towers, connected via a wooden bridge.

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Appraisal Contracts Architecture Housing Market 52

The Robert Weiler Company

SEPTEMBER 9, 2022

Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. Floor Space Index or FSI (Amount of Construction Allowed on the Land). Property Lines. Title Deed.

Real Estate 78

Real Estate Buyers Contracts Development 78

Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history. When supply is 4.3

Contracts 540

Contracts Construction Supply Chain Marketing 540

Housing Wire

MAY 19, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% The post Fannie Mae reduces projected 2022 GDP to 1.3% percentage points lower than its previous forecast. from March and 8.6%

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Contracts Mortgage Construction Development 404

GoForrmz

OCTOBER 26, 2022

Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. Whether you’re searching for forms for construction , property management, home services, buying, or selling, we’re here to help. We at GoFormz are dedicated to making your life easier. We know the feeling.

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Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

Construction 447

Construction Housing Market Inventory Buyers 447

Appraisal Today

APRIL 5, 2024

A Black couple in Baltimore – Dr. Connolly and Dr. Mott, both university professors – filed suit in August 2022 alleging racial discrimination against loanDepot.com and the appraiser it engaged to appraise their home for a refinance. Appraisers should consider the potential impact, especially in markets with significant new construction.

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Appraisal Contracts Business Construction 77

Empire Appraisal Group

JANUARY 11, 2023

While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, economists predicted Tuesday during the National Association of REALTORS®’ annual Real Estate Forecast Summit. Annual new-home sales likely will be down 17% for 2022, returning to pre-pandemic levels.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

MAY 22, 2023

in March and have generally trended upward since the fall of 2022. Pending home sales, which lead contract signings on average by 30-45 days, declined during that time by 5.2%, pointing to a further sales slowdown in April and May. New home sales jumped 9.6% Fannie Mae projected total originations for 2023 to be $1.65

Construction 385

Construction Inventory Government Contracts 385

Housing Wire

NOVEMBER 3, 2023

Merle Whitehead, who in 2016 sold his brokerage RealtyUSA to Howard Hanna Real Estate Services , “years ago, worked diligently to increase the share of buyers who were under contract to work with his agents,” says Murray. “Fast forward to 2022, and we manage 1,200 properties through Southern California.

Real Estate 299

Real Estate Brokerage Buyers Property Management 299

Empire Appraisal Group

SEPTEMBER 8, 2022

The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). Nowhere in Sight. Source: U.S. The post U.S.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Appraisal Today

MARCH 22, 2024

It’s been on and off the market since 2022, with a top asking price of $33.8 This definitely increased the development costs in the new construction, resulting in higher home prices. With housing supply low and prices high, the average loan size for purchase applications increased to the highest level since May 2022.”

Appraisal 66

Appraisal Contracts Business Insurance 66

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. ==. The way that we did that was through cantilevers and using structural engineers and steel to help us to construct the home that we absolutely wanted.”.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JULY 1, 2022

Excerpt: What’s the difference between a newly constructed home and a hundred-year-old home? > New in the July 2022 Issue of Appraisal Today. E&O Insurance Update 2022 – Claims, State Boards, Discrimination, etc. 2022 E&O Insurance – Where to Get Insurance, What to look for in a policy, etc.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? Consulting services are what you need if you are looking to remodel, subdivide or construct an new addition. Most people know that appraisals need to be completed for lending purposes.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Housing Wire

DECEMBER 20, 2022

It’s fair to say that 2022 has been a depressing year for homebuilders. After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders.

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Supply Chain Construction Inventory Finance 365

Appraisal Today

AUGUST 18, 2023

homes are worth $1 million or more, near June 2022’s all-time high of 8.6%. Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period. Just over 8% of U.S.

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Housing Wire

MAY 23, 2023

percent)* above the April 2022 estimate of 611,000. Last year, while the Census Bureau was reporting the new home sales numbers and the builders were having high cancellation rates, the monthly sales report didn’t account for the cancellations of contracts. months and above, the builders will pull back on construction.

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Inventory Housing Market Construction Marketing 516

Appraisal Today

FEBRUARY 17, 2023

To read more, click here ————————- Remodeling Cost vs. Value 2022 – Zonda Home research This report compares average costs for 22 remodeling projects with the value those projects retain at resale in 150 U.S. The reports are from 2022, but much of the information is still relevant.

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

NOVEMBER 24, 2023

“Some of it is shipping container, and some of it is their own construction—the bar is a shipping container, the pool is a shipping container, and the ADU is a shipping container,” Rowland says, referring to an accessory dwelling unit, meaning the separate guesthouse. The average contract interest rate for 5/1 ARMs increased to 6.76

Appraisal 75

Appraisal Mortgage Business Contracts 75

Housing Wire

MARCH 6, 2024

Still, contacts emphasized that the number of units for sale stayed far short of what they considered a balanced market, and that a dearth of inventories had contributed to faster house price growth from 2022 to 2023. Most expect their pipeline of contracts to keep construction busy through the year.

Mortgage 359

Mortgage Real Estate Inventory Construction 359

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. Atlanta Home Prices Q2 2023 The MSM was ebullient, just delighted when the housing market hit the brakes in the last half of 2022. Fewer buyers, fewer contract and sales. Not Greater Atlanta.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

JANUARY 4, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. The economy looks to be ending 2022 on a positive note, unfortunately, it doesn’t alter our view that we’ll likely enter a mild recession in the new year. Some of the late incoming 2022 data show significant slowing. million and 4.57

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Housing Market Marketing Mortgage Contracts 507

Housing Wire

FEBRUARY 16, 2023

In an odd twist of fate, the delays due to COVID-19 are currently an infrastructure and jobs program for Americans in the construction industry. percent below the January 2022 rate of 1,841,000. percent) below the January 2022 rate of 1,666,000. percent)* above the January 2022 rate of 1,247,000. percent (±15.9

Construction 483

Construction Housing Market Inventory Mortgage 483