2005 Construction Contracts Sellers 
Housing Wire
AUGUST 23, 2022
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. 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. months and above.
Housing Wire
MAY 24, 2022
I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. As you can see, sales levels were never elevated like what we saw from 2002-2005. The only way this happens is by higher rates.
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Housing Wire
FEBRUARY 16, 2023
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. As you can see below, housing completions are slowly moving along; the homebuilders have more new homes under construction that they haven’t even started yet than active new homes for sale.
Appraisal Today
APRIL 12, 2024
NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. I was lucky to have never had to use new construction as a comp on an existing home. baths, 14,450 sq.ft.,
Appraisal Today
FEBRUARY 9, 2024
I am so glad I quit doing residential lender appraisals in 2005! = single-family homes for sale in the fourth quarter were new construction. Construction also jumped during the pandemic as builders responded to surging homebuyer demand fueled by record-low mortgage rates. Nationwide, 31.8% That’s comparable with 31.9%
Lamacchia Realty
DECEMBER 28, 2021
From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. Home sellers are usually motivated to list when they see homes on the market that they want to buy.
Appraisal Today
SEPTEMBER 22, 2023
A buyer gets a seller’s disclosure statement for that information. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. I purchased a large house on the water with a dock in 1995 for $375,000 with 100% seller financing.
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