Housing Wire

NOVEMBER 10, 2022

The number of renters who can even afford to buy a home at the national median list price of $425,000 compared to a year ago is down 15%, according to the National Association of Realtors. . Construction lending has sort of slowed to a crawl,” Peter DiCorpo, the co-founder and COO of Black Farm Group , said.

Construction 406

Construction Supply Chain Buyers Development 406

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” Like elsewhere in the country, Indiana has struggled with housing inventory. According to Altos Research, as of Feb.

Housing Market 395

Housing Market Marketing Inventory Construction 395

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Compared to 2022, NAR expects the sale of new homes to grow by 4.5%

Inventory 355

Inventory Contracts Housing Market Realtors 355

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 406

Realtors Buyers Inventory Sellers 406

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

JUNE 22, 2023

Existing home sales marginally increased in May , but were still down significantly from a year prior, according to the latest report from the National Association of Realtors (NAR). million in May 2022. Home sales have been dropping on an annual basis since the Federal Reserve began hiking the benchmark rate in spring of 2022.

Inventory 328

Inventory Construction Realtors Marketing 328

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement.

Inventory 387

Inventory Realtors Contracts Construction 387

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year.

Inventory 457

Inventory Construction Mortgage Buyers 457

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). million in June 2022. The pent-up demand will surely be realized soon, especially if mortgage rates and inventory move favorably.” from June 2022.

Inventory 277

Inventory Buyers Construction Realtors 277

Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. 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. in March, after two consecutive months of decline.

Contracts 414

Contracts Inventory Construction Realtors 414

Housing Wire

JULY 25, 2023

Home prices showed resilience in May as buyers took advantage of the relatively lower rates during that month, keeping the pressure on available inventory. Compared to May 2022, the home price index posted a -0.5% million – the slowest since January, according to the National Association of Realtors (NAR). in the previous month.

Inventory 272

Inventory Construction Buyers Mortgage 272

Housing Wire

SEPTEMBER 22, 2022

trillion in 2022. Homebuilders may have been reluctant to do so until recently as supply chain bottlenecks and labor shortages have resulted in an elevated share of homes for sale still being under construction compared to the historical norm,” according to the report by the ESR Group. trillion in 2023, according to Fannie Mae.

Housing Market 400

Housing Market Supply Chain Marketing Inventory 400

Housing Wire

MARCH 8, 2024

The national unemployment rate ticked up for the first time in four months to 3.9%, its highest level since January 2022, but still below the full employment rate of 4%. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. The number of unemployed Americans also rose to 6.5 and were up 4.3%

Transportation 412

Transportation Retail Housing Market Construction 412

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year. Barnes said.

Renovations 376

Renovations Realtors Construction Mortgage 376

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). Home prices will be influenced by how much inventory is brought to market. from 2022 to 2023, to 1.47 annual drop recorded in May. “It

Construction 339

Construction Inventory Realtors Housing Market 339

Housing Wire

MARCH 29, 2023

regions, but declined in the West, according to the National Association of Realtors. 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. from February 2022. Overall, contract signings were down 21.1%

Contracts 282

Contracts Realtors Home Value Housing Market 282

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. Prices have held steady and even increased in some areas due to limited inventory. The cost approach is most relevant for new or like new construction.

Construction 82

Construction Appraisal Process Appraisal Bracketing 82

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

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. Prices have held steady and even increased in some areas due to limited inventory. The cost approach is most relevant for new or like new construction.

Construction 74

Construction Appraisal Appraisal Process Bracketing 74

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 Existing-home sales rose 7.0% Despite this increase, sales of existing homes are still down 2.3% from a year ago. This is equivalent to 2.4

Inventory 399

Inventory Buyers Realtors Contracts 399

Housing Wire

SEPTEMBER 21, 2022

million, according to a report from the National Association of Realtors (NAR) released Wednesday. In August, NAR found that the inventory of existing homes dropped 1.5% Inventory will remain tight in the coming months and even for the next couple of years,” Yun said. month over month in August to a rate of 4.80

Inventory 359

Inventory Sellers Realtors Housing Market 359

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Here are some things to be aware of as you move into the last part of 2022 and a new year.

Inventory 68

Inventory Construction Real Estate Renovations 68

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.

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

APRIL 28, 2022

For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. by the fourth quarter, resulting in a 2022 mortgage rate average of 4.9%. The average mortgage rate should jump to 5.4%

Housing Market 326

Housing Market Marketing Contracts Mortgage 326

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Where ‘inventory’ was the big concern in 2021 and early 2022, the concern today is ‘affordability,’ with the combination of substantial price increases and rising rates simply pricing more and more Americans out of the market,” Green said.

Mortgage 400

Mortgage Loan Officers Buyers Inventory 400

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 in 2022.”.

Construction 65

Construction Inventory Buyers Realtors 65

Housing Wire

SEPTEMBER 21, 2023

In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. million unit pace in early 2022 to the roughly 4 million unit pace in recent months,” Hale said.

Real Estate 368

Real Estate Mortgage Buyers Inventory 368

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. Total housing inventory at the end of December totaled 1.07 A total of 5.64 million homes were sold in 2020, up 5.6% Sales also rose 0.7% from November and 22.2% year over year.

Construction 413

Construction Investors Realtors Real Estate 413

Housing Wire

AUGUST 3, 2023

The second quarter production represents a 35% drop compared to the same period in 2022. Its previous two rounds of buyouts resulted in a staff reduction of about 30% in 2022. Revenue in Q2 2022 was $1.4 The challenge comes back to the inventory levels,” Brian Brown, CFO said in the earnings call. Rocket generated $22.3

Clients 301

Clients Business Inventory Mortgage 301

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. In fact, our REALTORS had multiple properties that had over 30 offers! Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall.

Sellers 74

Sellers Inventory Buyers Realtors 74

Housing Wire

SEPTEMBER 22, 2022

With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. 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.

Mortgage 375

Mortgage Loan Officers Inventory Retail 375

Housing Wire

JULY 12, 2023

Peak rent inflation was between May 2022 and February 2023, but has declined in subsequent months and is expected to continue to do so. An index tracking the rent of primary residences slowed to a 0.46% change in June, the weakest increase since March 2022.

Insurance 271

Insurance Construction Tools Realtors 271

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?

Finance 334

Finance Construction Law Inventory 334

Raleigh Realty

FEBRUARY 19, 2022

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. What is the average price of sold homes in your area?

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

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. And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. billion).

Marketing 78

Marketing Real Estate Investing Retail 78

Lamacchia Realty

MARCH 29, 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 February 2022 compared to February 2021. Data provided by Florida Realtors® SunStats. Buyer Resources.

New Listings 53

New Listings Inventory Realty Buyers 53