Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. 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.” Both buyers and sellers are coming back to the market,” Fischer said.

Housing Market 395

Housing Market Marketing Inventory Construction 395

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. In 2023, 4.09 Prospective homebuyers have been shut out of the market by a lack of inventory. Compared to a month ago, housing inventory was down 11.5%

Inventory 416

Inventory Realtors Housing Market Construction 416

Housing Wire

FEBRUARY 29, 2024

This is according to an analysis conducted by Point2 , which examined metrics including single-family and multifamily completions in 2023, as well as corresponding permits issued. Bureau of Labor Statistics from 2013 to 2023. The findings are based on historic data from the U.S. Census Bureau and the U.S.

Inventory 383

Inventory Supply Chain Construction Buyers 383

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. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

Inventory 375

Inventory Housing Market Marketing Construction 375

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 Rates did spike from 5.99% to 7.10% recently , impacting the data coming up.

Inventory 531

Inventory Housing Market Construction Marketing 531

Housing Wire

MAY 23, 2024

However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. The future production of housing units at risk I am bringing this up because economic recessions tend to see residential construction workers lose their jobs first.

Marketing 394

Marketing Construction Mortgage Housing Market 394

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. The median sales price of a new house sold in August 2023 was $430,300, while the average sales price was $514,000.

Inventory 472

Inventory Buyers Construction Sellers 472

Housing Wire

JANUARY 18, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% Overall, an estimated 1.413 million units were started in 2023, a drop of 9.0% Despite the overall drop in 2023, the rate at which building permits were issued in December was up 1.9% Census Bureau and the U.S. compared to 2022.

Construction 397

Construction Real Estate Housing Market Buyers 397

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

Housing Market 370

Housing Market Mortgage Marketing Inventory 370

Housing Wire

FEBRUARY 13, 2024

Between July 1, 2022, and July 1, 2023, Alabama’s population grew by 34,000 people, according to estimates published by the U.S. Additionally, the 2023 National Movers Study conducted by United Van Lines ranked Alabama No. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said.

Construction 353

Construction Supply Chain Inventory Agents 353

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Every Saturday I publish a weekly housing market tracker with forward-looking data and insights so you can adjust quickly to market conditions. And the 10-year yield did not pass that level in 2023!

Housing Market 522

Housing Market Marketing New Listings Construction 522

Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. in June from a year ago while the market saw 28% fewer new listings added during the same period.

Construction 337

Construction Advertising Real Estate Real Estate Agent 337

Housing Wire

MARCH 26, 2024

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D. In 2023, the landscape for home flipping across the U.S.

Investors 426

Investors Marketing Inventory Real Estate 426

Housing Wire

DECEMBER 22, 2023

So, if you’re confused about why the builder stocks are doing well recently, the builders were still showing sales growth in 2023, and now rates have also fallen and the Fed rate hike cycle has ended. For sale inventory and months’ supply : The seasonally adjusted estimate of new houses for sale at the end of November was 451,000.

Mortgage 496

Mortgage Marketing Construction Inventory 496

Housing Wire

OCTOBER 18, 2023

However, permits for future construction recorded a 4.4% It showed the biggest drop in confidence since January 2023. “Slower construction activity in the Northeast could reflect cooler demand as well as challenges builders face in finding availability lots,” she said. Could multifamily construction stall?

Construction 407

Construction Development Inventory Mortgage 407

Housing Wire

JULY 19, 2023

The lack of existing homes for sale on the market is driving a resurgence of home-price growth and supporting increases in new home construction, according to Fannie Mae ’s Economic & Strategic Research (ESR) group. Fannie Mae forecasts home-price growth for 2023 and 2024 will be positive 3.9% and negative 0.7%

Construction 266

Construction Inventory Housing Market Marketing 266

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The housing market is heading toward an inflection point — a rebalancing that will mean the end of the record-high price appreciation we’ve seen over the past year.

Inventory 386

Inventory Housing Market Construction Sellers 386

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. 11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. 12 compared to a week earlier.

Mortgage 527

Mortgage Inventory Retail Construction 527

Housing Wire

MAY 11, 2024

Mortgage rates and the bond market have fallen a bit recently and the spreads between the 10-year yield and 30-year mortgage rate have improved over last year’s levels. To see mortgage rates drop and stay lower, the bond market needs to know the labor market is getting softer. That’s a 0.50% difference in rates.

Mortgage 394

Mortgage Inventory New Listings Housing Market 394

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Compared to July 2023, applications increased by 4%. It indicates that a larger share of first-time homebuyers are active in the new home sales market. in August on a year-over-year basis.

Construction 334

Construction Mortgage Inventory Marketing 334

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. Fannie Mae recently projected originations for 2023 at $1.59 trillion, a revision downward from its January estimate of $1.65

Inventory 447

Inventory Renovations Real Estate Government 447

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec.

Housing Market 476

Housing Market Marketing Inventory Sellers 476

Housing Wire

NOVEMBER 29, 2023

Homebuilders are also pacing the number of homes they bring to market. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. The rate of homes under construction has roughly plateaued since April 2022. for the third quarter of 2023.

Construction 364

Construction Finance Inventory Development 364

Housing Wire

MAY 21, 2024

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. It’s very, very market dependent right now. I’m still focusing on those markets with very low (retail) inventory.

Marketing 422

Marketing Investors Real Estate Investing 422

Housing Wire

JUNE 26, 2023

Current housing market dynamics continue to be fueled by the lack of existing homes available for sale, a trend that did not improve during the spring homebuying season , when more homes are typically put on the market. This has led Fannie Mae to revise its 2023 single-family originations forecast to $1.59 trillion.

Inventory 351

Inventory Construction New Listings Housing Market 351

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest.

Housing Market 374

Housing Market Marketing Training New Listings 374

Housing Wire

SEPTEMBER 27, 2023

After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6

Housing Market 499

Housing Market Marketing Inventory Construction 499

Housing Wire

DECEMBER 29, 2023

In some ways, 2023 was the year of the homebuilder. And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. The business appears durable, too. million and 7.3

Construction 427

Construction Supply Chain Inventory Housing Market 427

Housing Wire

JUNE 14, 2023

Large single-family rental investors didn’t have much of an appetite in the fourth quarter of 2022 and the first quarter of 2023. This tracks, as the largest percentages of single-family home sales to institutional investors in the first quarter of 2023 included Georgia (8.4% The SFR market is] about a $4.5

Inventory 338

Inventory Investors Construction Real Estate 338

Housing Wire

JUNE 18, 2023

Active housing inventory grew while new listing data fell. Here’s a quick rundown of the last week: Active inventory grew 8,041 weekly. This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. 9 is a critical date because that’s when the housing market turned.

Housing Market 451

Housing Market Marketing Inventory New Listings 451

Housing Wire

JULY 6, 2023

The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%. High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater.

Mortgage 375

Mortgage Construction Inventory Investors 375

Housing Wire

MAY 22, 2023

Housing demand has shifted more toward the new home market, Fannie Mae ’s Economic and Strategic Research (ESR) Group noted in its May economic outlook. “As such, housing demand has shifted further toward the new home market, bolstering builder optimism and the ESR Group’s single-family starts forecast,” the group said.

Construction 379

Construction Inventory Government Contracts 379

Housing Wire

DECEMBER 20, 2022

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. As a result, I think it has actually insulated some aspects of the market.

Supply Chain 355

Supply Chain Construction Inventory Finance 355

Housing Wire

FEBRUARY 21, 2024

The deal came on the front end of market hype about the build-to-rent space, which cooled somewhat in 2023 as higher interest rates prompted a pullback by builders. Sales were half that in 2023, but the commercial real estate brokerage notes that $1.5 Similarly, construction has slowed but remains elevated.

Investors 421

Investors Construction Real Estate Inventory 421

Housing Wire

APRIL 17, 2023

As existing home inventory continues to fall, builder confidence is on the rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. This is the first time the traffic component failed to improve in 2023.

Inventory 360

Inventory Loan Conditions Buyers Housing Market 360

Inman

SEPTEMBER 25, 2023

The 2023 real estate market has been a bit of a conundrum for agents and brokerages. Mortgage rates are high, listing prices are elevated, and housing inventory is limited.

Inventory 181

Inventory Brokerage Construction Real Estate 181

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.

Mortgage 346

Mortgage Real Estate Inventory Construction 346