Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. We have more housing starts under construction now than in recent history! What is going on here?

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Inventory Housing Market Construction Marketing 518

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.

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Housing Wire

MARCH 23, 2023

They can cut prices, pay down mortgage rates for their buyers, and do what they need to to make it work for them to move their products. As I have stressed time after time, we shouldn’t be using the housing economic models of 2002-2008 — that would have led everyone to believe we had a mass supply of housing coming online in 2022.

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Inventory Housing Market Construction Marketing 544

Housing Wire

SEPTEMBER 26, 2023

New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. However, higher mortgage rates make it harder and harder to pull some of those deals off. months, the builders will pause construction. When supply is over 6.5

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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. Five months of the supply are homes in construction.

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Inventory Construction Marketing Mortgage 463

Housing Wire

JULY 19, 2022

real estate investors and affordable homes. The smart thing to do is go with the builder sentiment trend until it reverses, and most likely, we will need to see lower mortgage rates for that to happen. This is a plus for rental supply, however, single-family construction is about to cool down in response to higher rates.

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Housing Market Marketing Construction Real Estate 521

Housing Wire

MAY 24, 2022

A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. As you can see, sales levels were never elevated like what we saw from 2002-2005. This housing cycle is and will always be based on real demand, versus the credit boom we saw from 2002 to 2005. When supply is 6.5

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Housing Wire

JANUARY 26, 2022

months and above, the builders will pull back on construction. It is an embarrassment, but construction productivity — which has been terrible for decades — is now also dealing with shortages that delay finishing homes. When supply is 4.4 months, this is an OK market for the builders. When supply is 6.5 This is 11.9 percent (±20.3

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Housing Wire

JULY 13, 2022

This problem is much different than the housing credit bubble of 2002-2005. Mortgage rates of 4%-5% weren’t doing the amount of demand destruction I thought they would. Mortgage rates closer to 6% for sure are driving bigger year-over-year decline data. From BLS : The downside of higher rates Housing construction will slow.

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Inventory Housing Market Mortgage Construction 540

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. can’t have a credit sales boom like we saw from 2002-2005. This time, we have less production of homes and more multifamily construction.

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Construction Housing Market Sellers Marketing 370

Housing Wire

SEPTEMBER 21, 2022

Housing construction in the U.S. months of homes they have under construction or have not even started yet. Now that mortgage rates have spiked up so much, the housing construction growth we have seen in single-family construction is done. The builders will pull back on construction when the supply is 6.5

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Construction Housing Market Marketing Business 518

Housing Wire

JULY 6, 2023

Horton has been the largest homebuilder by volume in the United States since 2002. The company also offers mortgage financing, title services , and insurance agency services through its subsidiaries. The company also offers mortgage financing, title services , and insurance agency services through its subsidiaries.

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Contracts Development Insurance Construction 370

Appraisal Today

NOVEMBER 4, 2022

Practical real estate appraisal writing tips for AMC questions. NOTE: Please scroll down to read the other topics in this long blog post on AMCs, non-lender appraisals, liability, ROVs,unusual homes, mortgage origination stats, etc. ==. Mortgage Lending You decide. We all like free Liability advice!

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Reconsideration of Value Appraisal Inspection Advertising 52

Housing Wire

JANUARY 19, 2022

You always want to be skeptical of any housing starts data that comes in too strong or too negative from the trend, and we had some specific factors in this report that boosted multifamily construction. Some of the demand that we saw from 2002-2005 was facilitated by credit that no longer exists in the marketplace today. This is 17.2

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Housing Wire

APRIL 27, 2022

That data shows how housing was still on pace to have another solid year before mortgage rates got over 5%. The housing world is much different at 5% plus mortgage rates versus the 3% mortgage world we had last year. They were simply doing what the marketplace allowed them to do with low inventory and low mortgage rates.

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Housing Wire

JUNE 16, 2022

However, considering Wednesday’s builder confidence index and mortgage rates over 6%, it’s time to raise the fifth recession red flag, since the builders will have a tough time growing housing starts with rates this high. . While this data line isn’t crashing, the ability to grow from these levels is limited with rising mortgage rates.

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Housing Market Buyers Mortgage Construction 545

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? High-end construction with luxe touches throughout, vaulted ceilings elevate the space. Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. Storage space abounds in the 1, 055 sq.

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Appraisal Contracts Real Estate Agent Mortgage 73

Appraisal Today

OCTOBER 21, 2022

National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. National Real Estate Post Video (6 minutes). This 7,200 sq.ft.

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Appraisal Marketing Contracts Insurance 52

Appraisal Today

DECEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc. The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. 5 Beds | 5.5+

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Appraisal Contracts Business Mortgage 52

Will Springer Realtor

DECEMBER 8, 2021

One consumer segment will have longer to wait for its “supply chain” to be repaired – residential real estate. “Of Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% construction jobs in the U.S., Of all the shortages afflicting the U.S.

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Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”. Dining out. Theme parks.

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Housing Market Marketing Buyers Real Estate 36

Housing Wire

AUGUST 7, 2020

The initial public offering of Rocket Companies , parent of mortgage behemoth Quicken Loans , more than quadrupled the wealth of founder Dan Gilbert and made him the 28th richest person in the world, according to a Bloomberg ranking. mortgage lender, originated about $145 billion of home loans last year, according to regulatory filings.

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