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

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

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

MAY 31, 2022

Chicago’s housing market started out hot in 2022. increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. trillion in 2022, down significantly from last year’s $4 trillion. during the same time.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Raleigh Realty

JULY 31, 2022

Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. This is one of the steps that happen after you go under contract and sometimes can happen prior to.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

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. 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

JUNE 7, 2022

“These results suggest to us that increased mortgage rates, high home prices and inflation will likely continue to squeeze would-be homebuyers — as well as those potential sellers with lower, locked-in mortgage rates — out of the market, supporting our forecast that home sales will slow meaningfully through the rest of this year and into next.”.

Mortgage 364

Mortgage Housing Market Contracts Construction 364

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. So what's in store for home buyers and sellers that have to make a move this spring? Probably not.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

JULY 25, 2022

Fannie Mae ’s Economic and Strategic Research Group also released a recent report that projects year-over-year growth in home-price appreciation for 2022 will reach 16%. Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

MAY 24, 2022

Except now, we have had massive price gains in 2020, 2021 and 2022. I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. The only way this happens is by higher rates. This is 16.6

Housing Market 390

Housing Market Inventory Construction Marketing 390

Appraisal Buzz

AUGUST 29, 2022

This supply and demand issue made property prices skyrocket, with few able to afford what sellers were asking. Home prices continued to rise by over 20% between the spring of 2021 and the spring of 2022. Construction has failed to keep up with the demand of households, especially with the increase during the COVID-19 pandemic.

Transportation 370

Transportation Law Investing Investors 370

Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. So, what does this mean for 2022? . 2022 Overall Market Predictions. It is a real problem.

Sellers 74

Sellers Inventory Buyers Realtors 74

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

Sellers 60

Sellers Buyers New Listings Inventory 60

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. With a land contract, the seller provides the land buyer with the loan, instead of an institution.

Real Estate 78

Real Estate Buyers Contracts Development 78

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%

Marketing 78

Marketing Real Estate Investing Retail 78

Lamacchia Realty

APRIL 6, 2022

has released their “Top Producing REALTORS®,” for March 2022! March 2022 Winners of the Top 10 for the Company are: Shauna Fanning has a passion and a drive for customer service and customer relations and has over 17 years in the field. Most recently, Shauna was named in the Boston Agent Magazine’s Who’s Who 2022 edition !

Realtors 69

Realtors Realty Real Estate Agents 69

Appraisal Today

JULY 22, 2022

Fannie’s New ANSI FAQS July 2022. I received the Fannie email notice on July 19, 2022, at 10:30 Pacific time. When Fannie first announced in December 2021 that ANSI would be required on April 1, 2022, there was lots of confusion among appraisers who had never used ANSI or were not using it properly. Or, hit the reply button.

Appraisal 52

Appraisal Contracts Buyers Design 52

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 291

Real Estate Brokerage Buyers Property Management 291

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. Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. in 2022 in King County. days (November 2021). =.

Real Estate 69

Real Estate Buyers Construction Sellers 69

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. From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. This means more competition at faster rates than ever before. That’s where we come in.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Appraisal Today

APRIL 12, 2024

Desktop appraisals okay for some Fannie Loans March 2022 Fannie Wants Desktop Appraisals Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! I was lucky to have never had to use new construction as a comp on an existing home.

Appraisal 77

Appraisal Construction Contracts Architecture 77

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

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

DataMaster

JANUARY 15, 2021

It’s a seller’s market! Not only did the historically low interest rates contribute to the rise in home prices, but new home construction didn’t keep up. The increase in home prices is a boon to real estate professionals and home sellers, but a bane to buyers. New Home Construction. Appraising in 2021.

Appraisal 147

Appraisal Construction Business Real Estate 147

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. But by mid-2022, they shot up to over 6%. The big twist? peak last month).

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A Here’s why this is why is such a big risk coming into 2022: Some buyers of flooded homes know of the risks. Get PDF Now.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

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

Appraisal Today

SEPTEMBER 15, 2023

The survey results had a comparison of 2022 and 2023, which was very interesting. One-quarter (26 percent) cite technology fees (not an option in 2022). NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. trillion in 2022 and an eye popping $4.51 Days on market climbed, sellers’ became restless and our month’s supply of inventory finally started to grow.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

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. The sellers are seeking $3.86M, $1222/sq. That’s the most since 2007.

Construction 36

Construction Inventory Buyers Real Estate 36

GoForrmz

DECEMBER 5, 2022

Aside from protecting your digital invoices and contracts, the E-SIGN Act was a huge turning point for the global economy. “ Under this landmark legislation, online contracts will now have the same legal force as equivalent paper contracts. ” ” — FinancesOnline / Aberdeen Strategy & Research, 2022. . “

Business 78

Business Legal Law Contracts 78

Appraisal Today

JANUARY 26, 2024

However, new construction back then really struggled, but today in light of so many sellers sitting in the existing market, builders have been thriving. Slow market with 100% seller financing. Current listings and especially homes in contract show current market conditions. Here’s the formula. The Best Time!! =

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Appraisal Today

FEBRUARY 9, 2024

= 32% of Homes for Sale in the Fourth Quarter Were Newly Built — Just Shy of the Record High Redfin reports new construction has taken up a growing share of the for-sale housing pie because homebuilding has increased and the number of individual homeowners selling has decreased. in the first quarter of 2022. Nationwide, 31.8%

Appraisal 80

Appraisal Contracts Insurance Construction 80

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? When you are the seller of a FSBO (For Sale By Owner). Consulting services are what you need if you are looking to remodel, subdivide or construct an new addition.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

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

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

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

Marketing 36

Marketing Buyers Inventory Sellers 36