Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Residential construction costs started to moderate this period.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

Housing Wire

JANUARY 19, 2024

from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases. Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. from December 2022 ($366,500). Sales faded 6.2% from the previous year.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

APRIL 29, 2021

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline.

Contracts 414

Contracts Inventory Construction Realtors 414

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% from February 2022. Although inventory has increased from February of last year, the number of homes available for sale is just half of what it was three years ago. In-contract deals rose 0.7% from February 2022.

Contracts 282

Contracts Realtors Home Value Housing Market 282

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. New contracts dipped as affordability is out of reach for so many. Inventory is very low and just inching up now week over week late in the summer. Before that change, it looked as though inventory had peaked for the year.

Contracts 363

Contracts Inventory Housing Market Buyers 363

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. 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% year over year.

Inventory 387

Inventory Realtors Contracts Construction 387

Housing Wire

OCTOBER 26, 2022

From Census : New Home Sales of new single-family houses in September 2022 were at a seasonally adjusted annual rate of 603,000, according to estimates released jointly today by the U.S. The builders will pull back on construction when the supply is 6.5 From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted

Construction 437

Construction Inventory Contracts Buyers 437

Housing Wire

FEBRUARY 16, 2023

Last year we had monthly existing home sales collapse back to 2007 levels, except this time around, NAR has total inventory at 970,000 and not over 4 million. 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 (±15.9 percent (±10.6

Construction 470

Construction Housing Market Inventory Mortgage 470

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.

Inventory 516

Inventory Housing Market Construction Marketing 516

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 1, 2022

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67 trillion from $2.34

Housing Market 313

Housing Market Marketing Construction Inventory 313

Housing Wire

JULY 6, 2023

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. Truland Homes had an impressive performance in calendar year 2022, closing 512 homes with a total revenue of $244 million. Horton family,” Donald R.

Contracts 365

Contracts Development Insurance Construction 365

Housing Wire

FEBRUARY 21, 2023

Affordability constraints and tight inventories will continue to limit home sales and the 10-year Treasury has moved up meaningfully since the completion of our interest rate forecast, suggesting mortgage rates will soon be back on the rise,” according to the ESR group. trillion in 2022. for the next year. trillion in 2023 and $2.03

Inventory 369

Inventory Mortgage Housing Market Contracts 369

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market. Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” from 2022 to 2023, to 1.47

Construction 339

Construction Inventory Realtors Housing Market 339

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.

Supply Chain 355

Supply Chain Construction Inventory Finance 355

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

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. per year during the prior decade.

Mortgage 506

Mortgage Contracts Construction Inventory 506

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. as of November 2022. In addition, JP Morgan Chase & Co.

Housing Market 544

Housing Market Marketing Construction Development 544

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 median existing-home sales price rose again in September to $352,800, a 13.3%

Inventory 399

Inventory Buyers Realtors Contracts 399

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. “With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

Mortgage 442

Mortgage Housing Market Contracts Construction 442

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. family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. When supply is 4.4

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

JANUARY 20, 2023

million units, declining from its final estimate of total sales in 2022 and marking the slowest annual pace since 2010, according to its Economic and Strategic Research Group. “We Inventory remains tight , and the overall housing stock is well below what long-run demographic trends suggest is needed, according to the group.

Mortgage 346

Mortgage Housing Market Buyers Contracts 346

Housing Wire

MAY 24, 2022

Except now, we have had massive price gains in 2020, 2021 and 2022. family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released today by the U.S. From Census: Sales Price The median sales price of new houses sold in April 2022 was $450,600. From Census : Sales of new single?family

Housing Market 390

Housing Market Inventory Construction Marketing 390

Housing Wire

APRIL 28, 2022

.” Lawrence Yun, chief economist for the NAR , said the dip in contract signings suggests “multiple offers will soon dissipate and be replaced by much calmer and normalized market conditions.”. by the fourth quarter, resulting in a 2022 mortgage rate average of 4.9%. Yun forecasts the 30-year fixed mortgage rate will reach 5.3%

Housing Market 326

Housing Market Marketing Contracts Mortgage 326

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 Jan/Feb inventory bounce always happens; and it did in 2020 until the world stopped. Probably not.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

DECEMBER 31, 2021

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. But many of those elements are fading as the industry heads into 2022. In 2022, refi origination volume is expected to drop by 62% to about $860 billion.

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Marketing Law Government Mortgage 414

The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. Homes sales reached 14,210 in May 2022, a 1.8%

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Marketing Real Estate Investing Retail 78

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.

Construction 52

Construction Appraisal Modernization Contracts 52

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. So, what does this mean for 2022? . 2022 Overall Market Predictions.

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Sellers Inventory Buyers Realtors 74

Empire Appraisal Group

DECEMBER 14, 2023

Orlando came closest to the national numbers in 2023 and 2022, and while Miami saw a decline in concessions, it was on par with national ones. in 2022 Orlando : 34.3% in 2022 Tampa : 43.1% in 2022 The data is based on sales by Redfin’s agents. in 2022 Orlando : 34.3% in 2022 Tampa : 43.1% Roughly 53,000 U.S.

Sellers 78

Sellers Buyers Agents Contracts 78

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). Exclusive Eastside communities topped 2022’s highest-priced home sales. from the year before.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

DECEMBER 14, 2021

What will the 2022 Seattle/King County housing market offer? Here are three consensus predictions: Interest rates will rise as much as a full percentage point by the end of 2022. annual growth for King in 2022 (through next August) after 2.7% in 2022 in King County. more people to the region’s workforce in 2022.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

DataMaster

JANUARY 15, 2021

Not only did the historically low interest rates contribute to the rise in home prices, but new home construction didn’t keep up. It’s clear that the lockdowns and fear over contracting the virus were the impetus for the lower mortgage rates. New Home Construction. million units. What About Housing Prices in 2021?

Appraisal 147

Appraisal Construction Business Real Estate 147

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.

Appraisal 77

Appraisal Contracts Business Construction 77

Will Springer Realtor

SEPTEMBER 8, 2021

and another 10% boost in 2022. 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. A drying up of listings sent inventory figures lower. That’s fair.

Construction 36

Construction Inventory Buyers Real Estate 36

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.

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Housing Market Marketing Real Estate New Listings 78