Housing Wire

JUNE 24, 2022

As you can see below, new home sales are still below the 2000 recession level, and we just had a significant spike in mortgage rates too. These monthly reports can be very wild, and I anticipate big swings in the reports until things calm down with mortgage rates. Census: For Sale Inventory and Months’ Supply The seasonally?adjusted

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Inventory Construction Marketing Mortgage 432

Housing Wire

NOVEMBER 23, 2022

We are well below the 2000 recession level and back to 1996 levels. When you account for a population of over 330 million people, that sales number looks a lot lower than in 2000 and 1996 so be mindful that we are trending at low levels today. The builders will pull back on construction when the supply is 6.5 When supply is 4.3

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Construction Marketing Housing Market Mortgage 425

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. The majority of the supply of homes for sale come from existing homes, not new construction.

Supply Chain 493

Supply Chain Housing Market Construction Inventory 493

Housing Wire

SEPTEMBER 28, 2022

We had a period this summer when mortgage rates moved from 6.25% back down to 5% and some of the new home sales activity picked up. In fact, new home sales are below the recession level of 2000 and back to 1996 levels already. Of course, mortgage rates are much higher right now. months are under construction, 1.86

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Construction Sellers Inventory Housing Market 447

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. This is below the recession levels of 2000 and back to 1996 levels. This time, we have less production of homes and more multifamily construction.

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Construction Housing Market Sellers Marketing 369

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.

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Tools Inventory Sellers Buyers 365

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Housing inventory.

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Housing Market Marketing Inventory Sellers 544

Housing Wire

APRIL 15, 2022

This week’s HW+ member spotlight features Nicollette Chapman, who serves as vice president of the mortgage division at Zonda. Nicollette Chapman: “ Some lenders won’t survive the purchase mortgage market of 2022 ” by Flavia Furlan Nunez.

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Real Estate Real Estate Agent Business Housing Market 370

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). Housing Market Collapse? Nowhere in Sight.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Will Springer Realtor

JUNE 13, 2023

Home prices and mortgage rates. That changed in March 2022 when mortgage rates started their steady climb into the 4s, then into the 5s in May and 6s by September. Despite high interest rates, some hungry buyers are competing over limited inventory. months’ total inventory in the county, down from 1.4 There are 1.3

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Buyers Inventory Construction Finance 36

Will Springer Realtor

DECEMBER 14, 2021

A majority of those said their home no longer meets their needs – space, features, location – and they want to take advantage of favorable mortgage rates. Buyers are seeing rates inch higher – currently at about 3.25% in Seattle/King County for a typical 30-year mortgage (rates vary based on an applicant’s circumstances).

Real Estate 69

Real Estate Buyers Construction Sellers 69

Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Some use postal mailings or office visits, such as you did in the mortgage broker days.

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Appraisal Design Contracts Inspection 71

Appraisal Today

JULY 29, 2022

NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. We’ve seen a massive change in housing inventory. After 1979, mortgage rates went up to 18%. July 25, 2022 .

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. That is why at first it seems that the construction of living space within such premise is impossible.

Appraisal 52

Appraisal Contracts Architecture Law 52

Will Springer Realtor

AUGUST 9, 2021

annually between 1968 and 2000 but has since dropped to an average rate of 0.7% The index showed a growing difficulty to afford a home even while household income and mortgage rates improved compared to last year. Months of inventory improved slightly from June but remain extremely low. The nation has faced a shortfall of 5.5

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

APRIL 10, 2024

Climate-resilient housing, which is designed and constructed to withstand and adapt to the impacts of climate change, is increasingly recognized as a critical priority for our region. The average mortgage holder paid $4.90 For housing and mortgage professionals, however, these apparent highlights are persistent nuisances.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Houston Properties

JANUARY 12, 2022

The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions. Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. Quality of construction.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

NOVEMBER 10, 2023

That’s when the building developer offers to “buy down” the mortgage interest rate as part of a promotion to keep homes selling in this less-than-friendly housing environment. are offering the buydown, which can lower the mortgage interest by about one or two percentage points for lengths ranging from one year to the full term of the loan.

HOA 36

HOA Buyers Law Supply Chain 36

Will Springer Realtor

JULY 9, 2021

Among non-Hispanic white households, 44% have sufficient income to qualify for a mortgage using standard underwriting criteria. million households secured home mortgages in Q1 of 2021, a 14-year high for one quarter, according to ATTOM Data Solutions. of all mortgaged properties, were in negative equity. >> A whopping 3.8

Buyers 36

Buyers Development Transportation Inventory 36

Will Springer Realtor

MARCH 11, 2024

Some are even considering forgoing insurance altogether, risking their financial security once mandated by mortgage lenders. Our state’s mortgage holders with at least half of their home equity fell from 56.7% List: $13.9M ($2000/sq. in Q3 to 53.5% in Q3 to 37.3%). Good things come to those who wait! about $67K.

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Insurance Sellers Real Estate Buyers 36