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

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. If it wasn’t for solid rental demand boosting multifamily construction this year — 18% year to date —this data line would have looked much worse. Why do I call it a housing recession?

Mortgage 529

Mortgage Construction Inventory Buyers 529

Housing Wire

JUNE 27, 2023

One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity. But a bigger story here is that the builders’ biggest competition isn’t other builders — it’s the number of existing homes on the market. When supply is 4.4-6.4

Construction 480

Construction Inventory Marketing Buyers 480

Housing Wire

FEBRUARY 15, 2024

years in 2005, according to a Redfin analysis of median U.S. housing market for multiple reasons, Redfin said. Some young families are turning to new construction, and others are renting homes.” years last year, up from 6.5 homeowner tenure by year using county records.

Property Taxes 446

Property Taxes Insurance Construction Inventory 446

Housing Wire

MAY 26, 2022

The housing market shifted in March of this year. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. housing market. What is going on here?

Inventory 492

Inventory Housing Market Construction Marketing 492

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

Real Estate 364

Real Estate Marketing Insurance Buyers 364

Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The new home sales market is doing well as it really benefits from lower mortgage rates.

Housing Market 542

Housing Market Marketing Construction Buyers 542

Housing Wire

MARCH 28, 2022

Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5 Inventory has been falling for years.

Housing Market 309

Housing Market Marketing Supply Chain Inventory 309

Housing Wire

JANUARY 19, 2022

Construction of single-family homes dropped 2.3% from November to 1.172 million units, the construction of multifamily units again posted a sizable increase of 13.7% 2021 was a strong year for construction.”. But while this is good news for new housing construction, homebuilders still have plenty of obstacles to overcome.

Construction 394

Construction Housing Market Inventory Development 394

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). Just like in the existing home sales market, when sales are low, anything positive on the rate side can move the market in a positive direction.

Inventory 423

Inventory Construction Housing Market Mortgage 423

Housing Wire

MARCH 23, 2023

However, with active listings now near all-time lows, the builders’ new homes still have more value in the housing market than what we saw in previous decades. 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. When supply is 4.3

Inventory 531

Inventory Housing Market Construction Marketing 531

Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. In their haste, they miss the bigger picture of the housing market. In reality, housing economic modeling takes a lot of work, and some people instead choose marketing gimmicks to make a name for themselves. percent (±15.2 percent (±12.7

Inventory 460

Inventory Housing Market Construction Marketing 460

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. Housing in 2020 and 2021 benefited from rates between 2.5% – 3.75% , which gave buyers more purchasing power.

Mortgage 448

Mortgage Construction Contracts Housing Market 448

Housing Wire

FEBRUARY 16, 2023

They have less competition as they are working from low sales levels in today’s housing market. In an odd twist of fate, the delays due to COVID-19 are currently an infrastructure and jobs program for Americans in the construction industry. 291,000 homes are still under construction: 5.7 months of supply.

Construction 470

Construction Housing Market Inventory Mortgage 470

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. “Buyers are still lining up a feverish pace,” Yun said.

Supply Chain 414

Supply Chain Inventory Buyers Realtors 414

Housing Wire

APRIL 27, 2022

Tuesday, the new home sales report for March came in as a miss of estimates at 763,000, but the revisions were all positive, which shows that the housing data is still lagging behind the current market reality. The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report.

Construction 325

Construction Buyers Housing Market Inventory 325

Housing Wire

DECEMBER 23, 2020

Construction continued to play catch-up also as Novembers new-home inventory rose nearly 14% to a 4.1-month month supply – inching ever closer to the six-month supply sweet spot that suggests a balanced market. The West came in second at a 17.3% decline, while the South and Northeast both fell less than 3%.

Construction 296

Construction Inventory Buyers Marketing 296

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. This sector on an apples-to-apples basis is more expensive than the existing home sales market. The only risk to that 6.2

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Housing Wire

JUNE 16, 2022

The data from the NAHB/Wells Fargo builder’s survey is always crucial because it is forward-looking, and it takes the reality of today’s market into the equation. As rates rise, this will impact the builders more as they try to find buyers for current homes in cancellation. From NAHB : From Census: Housing Permits Privately?owned

Housing Market 542

Housing Market Buyers Mortgage Construction 542

Housing Wire

DECEMBER 23, 2022

It didn’t help the builders that they had a global pandemic and we still have many new homes either in construction or that haven’t been started yet. months 290,000 new homes are still under construction, about 5.5 That would reverse the problem the housing market has had selling homes with mortgage rates above 7%. percent (±22.7

Construction 338

Construction Housing Market Mortgage Sellers 338

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. We got to as low as 0.32% on that Monday morning in March when the crisis was hitting the markets the hardest. The forecast.

Housing Market 540

Housing Market Inventory Mortgage Marketing 540

Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here.

Construction 52

Construction Appraisal Modernization Contracts 52

Annarbor Appraisal

APRIL 9, 2020

Not that long ago, the United States in general experienced a significant decline in property sales prices due to the Great Recession and the mortgage market fallout. In it I included a year over year chart of all sales through the local MLS back to 2005. Houses in blue, condominium units in orange, new construction included.

Buyers 78

Buyers Property Taxes Sellers Realtors 78

Appraisal Today

APRIL 12, 2024

Tax Appeal Support: When there is a challenge to a tax assessment, a desktop appraisal may be used to provide a current market value. 40 acre lot, Built in 2005 “The village of Highlands is some of the most expensive real estate in the Carolinas,” Jackson (listing agent) says. baths, 14,450 sq.ft.,

Appraisal 77

Appraisal Construction Contracts Architecture 77

Empire Appraisal Group

OCTOBER 28, 2021

Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low. Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. MCLEAN, Va.

Inventory 78

Inventory Housing Market Construction Real Estate 78

Robinson Appraisal Group

MARCH 22, 2018

Are you one of the people scouring the internet for the perfect house, driving around your favorite neighborhoods hoping to see a For Sale By Owner sign, stalking the “Coming Soon” house advertised and stressing out about what will be available on the market if you put your house up for sale??

Advertising 78

Advertising Landlords Real Estate Inventory 78

Lamacchia Realty

DECEMBER 28, 2021

2021 is going down in history as a historical year for the housing market across America. It was the year of the frustrated buyer, particularly in the first half of the year. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. 2021 Recap.

Sellers 74

Sellers Inventory Buyers Realtors 74

Will Springer Realtor

DECEMBER 14, 2021

What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years. At the same time, many others found themselves reluctant to market their homes amid a fear of not having a clear replacement strategy. days (November 2021). =.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” I am so glad I quit doing residential lender appraisals in 2005! =

Appraisal 80

Appraisal Contracts Insurance Construction 80

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Very few AMC appraisers today want to do the marketing required or learn how to do them. I have lots and lots of marketing tips in my monthly newsletters. In my high value market, 18% of the sales were cash sales. I understand.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Appraisal Today

SEPTEMBER 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on AMCs, appraisal business, real estate market, unusual homes, mortgage origination stats, etc. =. Built from concrete, glass, and burnt wood, the Sleeve House is on the market for $2,275,000. While the market share is small, there exists potential for expansion.

Appraisal 52

Appraisal Construction Contracts Insurance 52

Appraisal Today

NOVEMBER 17, 2023

Will Jazz Icon Dave Brubeck’s Former Midcentury Treehouse in NorCal Sway a Buyer for $3M? acre lot A spectacular midcentury modern home, cantilevered 16 feet in the air, recently hit the market for $3 million in Oakland, CA. Thorne, was best known for his use of steel in residential construction. Too cyclical. million. “The

Appraisal 69

Appraisal Modernization Training Business 69

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. Fannie and Freddie have long said that they want appraisers to tell them about their markets. When will it affect your market?

Appraisal 52

Appraisal Contracts Real Estate Mortgage 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. Qualified buyers and listing prices.

Appraisal 52

Appraisal Contracts Business Mortgage 52