Housing Wire

FEBRUARY 5, 2024

Additionally, the competition from existing home sellers was somewhat absent. An estimated 668,000 new homes were sold in 2023, 4.2% In the fourth quarter of 2023, almost 32% of U.S. Rising inflation came in second among the most widespread problems of 2023, cited by 83% of builders. Census Bureau and the U.S.

Construction 380

Construction Housing Market Buyers Sellers 380

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03 Altos considers anything above a reading of 30 to be a seller’s market.

Housing Market 395

Housing Market Marketing Inventory Construction 395

Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

Inventory 472

Inventory Buyers Construction Sellers 472

Housing Wire

MARCH 27, 2024

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. In 2023, not only is Watson Realty’s lead gone, but the company has fallen to 3rd place in listings. Competition heats up In 2019, Watson Realty Corp.

Brokerage 381

Brokerage Realty Real Estate Inventory 381

Housing Wire

APRIL 18, 2024

There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in the market.” months in March 2023. Meanwhile, new construction of both single-family and multifamily homes receded in March. At the end of March, total housing inventory sat at 1.11 million units, up 4.7%

Inventory 339

Inventory Real Estate Agent Sellers Buyers 339

Housing Wire

NOVEMBER 22, 2023

The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average. Consumers will reset their expectations, and as rates move lower, there will be both more buyers and more sellers in the market.

Housing Market 476

Housing Market Marketing Inventory Sellers 476

Housing Wire

NOVEMBER 28, 2023

The team specializes in buyer and seller representation as well as new construction. 15 in the state of Wisconsin by transaction sides, according to the RealTrends 2023 America’s Best list. “As In 2022, the Husky Homes team closed 121 transactions and more than $48.4 million in sales volume. It even ranked No.

Real Estate Agent 399

Real Estate Agent Real Estate Realty Technology 399

Housing Wire

NOVEMBER 27, 2023

One of the urban myths spouted by people needing more experience tracking housing data was that millions of homes would hit the marketplace in 2023 because the builders had so many homes under construction. months , the builders will pause construction. Because the builders are efficient sellers. On to the report.

Construction 421

Construction Buyers Mortgage Inventory 421

Housing Wire

MARCH 20, 2024

However, the company still makes the vast majority of its revenue – 75% in 2023 – from the services it provides brokers and agents in the for-sale residential market. Those same investors foresee fewer buyer agents as a result, or at least fewer that will pay for the premium services Zillow offers. .”

Investors 385

Investors Agents Real Estate Buyers 385

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. Today, the average is 2.7

Realtors 406

Realtors Buyers Inventory Sellers 406

Housing Wire

MAY 28, 2024

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. No one wants a scenario in which there’s a flood of sellers but no buyers. There just aren’t enough sellers yet.

Inventory 511

Inventory New Listings Contracts Sellers 511

Housing Wire

MAY 25, 2022

A new generation of digitally native homebuyers and sellers are expecting online experiences , in every type of transaction, and more convenient and seamless ways to find, tour, purchase, and sell homes on their own terms. Smart home features also pique the interest of two-thirds of new build buyers.

Construction 421

Construction Real Estate Buyers Sellers 421

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 375

Inventory Housing Market Marketing Construction 375

Housing Wire

MAY 14, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. But now a new threat is emerging on this front.

Sellers 295

Sellers Realty Insurance Realtors 295

Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ You have sellers who refinanced their house and they have a 2% interest rate, so why would they then go buy another house for a 7% or even 6.5% We have so much new construction happening. 6 state for inbound moves, with 60.1%

Inventory 290

Inventory Housing Market Marketing Real Estate 290

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. million to 5.07 million to 5.07

Inventory 457

Inventory Construction Mortgage Buyers 457

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Source: AEI Housing Center, www.AEI.org/housing.

Tools 370

Tools Inventory Sellers Buyers 370

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

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. in January 2023,” Odeta Kushi, First American ’s deputy chief economist, said in a statement.“ Residential building construction employment is now up 11.6%

Housing Market 324

Housing Market Marketing Construction Real Estate 324

Housing Wire

MAY 15, 2024

New construction in age-restricted communities is becoming a rising trend. As a growing population of baby boomers consider making transitions, homebuilders have a unique opportunity to cater to this demographic of buyers, and entice them to relocate to 55+ new build communities. But the question remains: Where will they move?

Design 341

Design Buyers Construction Marketing 341

Housing Wire

APRIL 9, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. Another issue is home sellers’ bias against homebuyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. But now a new threat is emerging on this front.

Sellers 425

Sellers Realty Insurance Realtors 425

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. homes sold in June found a buyer in less than a month. The market has, ahem , evolved in the four years since. on the Eastside.

Sellers 60

Sellers Buyers New Listings Inventory 60

Empire Appraisal Group

JULY 27, 2023

Source: [link] Why Don’t More Buyers Consider a Fixer-Upper? In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. Source: Wall Street Journal (06/27/23) Dagher, Veronica © Copyright 2023 INFORMATION INC.,

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

Housing Wire

APRIL 15, 2024

March was the second month of accelerating inflation and the most significant jump since August 2023. At the end of 2023, they anticipated six rate cuts for the year. On average, independent mortgage banks (IMBs) lost $2,109 per loan in Q4 2023, the MBA reported. in March compared to a year earlier. in second-quarter 2024.

Mortgage 424

Mortgage Retail Buyers Investors 424

Housing Wire

JUNE 27, 2023

They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. This means new homes — with all the bells and whistles — can peel some buyers from the existing home sales market, especially if they pay down mortgage rates. Now on to the report.

Construction 480

Construction Inventory Marketing Buyers 480

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel. “To

Loan Officers 343

Loan Officers Clients Mortgage Construction 343

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month.

Construction 341

Construction Real Estate Housing Market Transportation 341

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. Goldman Sachs predicts a 75 bps hike at the November meeting followed by a 50 bps raise in December and a 25 bps increase in January 2023. year-over-year.

Mortgage 400

Mortgage Loan Officers Buyers Inventory 400

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023.

Inventory 423

Inventory Construction Housing Market Mortgage 423

Housing Wire

JULY 10, 2023

The lack of inventory drove home prices up, challenging potential buyers, Black Knight pointed out in its monthly mortgage monitor report. markets in 2023. New construction starts and completions were both strong in May, which is welcome news. The reheating is widespread with more than half of the 50 largest U.S.

Inventory 373

Inventory Housing Market Sellers Marketing 373

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). 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. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years. Judge Stephen R.

Real Estate 291

Real Estate Brokerage Buyers Property Management 291

Housing Wire

NOVEMBER 2, 2022

“ A housing recession is here “ For home shoppers and sellers, mortgage rates have been quick to adjust higher in response to expected Fed moves, said Danielle Hale, chief economist at Realtor.com. “In Tables have turned for some sellers.

Mortgage 388

Mortgage Sellers Contracts Buyers 388

Housing Wire

AUGUST 23, 2023

I often use the term efficient home sellers to describe the home builders in this low inventory environment. What do I mean by efficient home sellers ? While new home sales market is small compared to the existing home sales market; their buyers are older and make more money. months, the builders will pause construction.

Mortgage 362

Mortgage Inventory Construction Sellers 362

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. HW: What are the risk management challenges for REO assets?

Business 337

Business Marketing Real Estate Legal 337

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). For transaction types, all-cash sales accounted for 26% of purchases in June, up from 25% in both May 2023 and June 2022.

Inventory 277

Inventory Buyers Construction Realtors 277

Housing Wire

MAY 10, 2022

More inventory is both the consequence and cause of a more balanced housing market: More choice for home shoppers limits the number of buyers bidding on each home, and the added competition lights a competitive fire under sellers and their listing agents to make their homes shine, including by pricing it competitively.

Inventory 386

Inventory Housing Market Construction Sellers 386