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.

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Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. As we can see in the chart below, it’s not like the new home sales market is booming at all; we aren’t anywhere near the top of sales in 2005 or in 2020. months and above, the builders will pull back on construction. percent (±15.2

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Inventory Housing Market Construction Marketing 477

Housing Wire

SEPTEMBER 26, 2023

This is why I have called them efficient home sellers. As we can see in the chart below, sales levels aren’t exactly booming like they were from 2002-2005. months, the builders will pause construction. months, and we had a big miss on housing starts last week , mostly coming from multifamily construction. We are at 7.8

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Inventory Construction Housing Market Marketing 516

Housing Wire

MARCH 23, 2022

As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. months and above, the builders will pull back on construction. It’s taking forever to build a home and that has created a huge number of homes under construction. percent (±11.9 percent (±13.7

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Mortgage Inventory Housing Market Construction 483

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

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 We must remember that the builders don’t operate like existing home sellers; they treat their products as commodities.

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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.

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Construction Housing Market Inventory Mortgage 519

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

APRIL 11, 2022

If you look at the monthly supply for new homes from 1996 to 2005, it was always lower than what we saw from 2008 to 2019. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. Once total inventory can get back into the range of 1.52 million to 1.93

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Housing Wire

MARCH 29, 2022

If you look at the monthly supply for new homes from 1996 to 2005, it was always lower than what we saw from 2008 to 2019. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. Once total inventory can get back into the range of 1.52 million to 1.93

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Inventory Housing Market Marketing Modernization 404

Housing Wire

MARCH 28, 2022

Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as “real estate search engines” to help buyers more easily find a home online. Having everything in-house enables iBuyers to lower closing costs for buyers and sellers, offer real-time, 24/7 customer support and provide unique financing solutions for buyers.

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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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Housing Wire

JULY 13, 2022

This problem is much different than the housing credit bubble of 2002-2005. Home sellers and builders had too much pricing power, pushing prices to the extreme. From BLS : The downside of higher rates Housing construction will slow. housing market as savagely unhealthy.

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Inventory Housing Market Mortgage Construction 539

Housing Wire

APRIL 27, 2022

Even though multifamily construction has boosted housing starts recently, the slowdown in single-family purchases hasn’t been anything too dramatic yet. The one thing housing has going for it now is that we don’t have the speculative booming demand as we saw from 2002 to 2005. percent (±12.9 percent (±11.3 When supply is 4.4

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Construction Buyers Housing Market Inventory 370

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.,

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Housing Wire

JANUARY 5, 2023

Existing home sales fell very fast in 2022 due to higher mortgage rates and a lack of new listing growth, which meant the number of traditional sellers who bought a home was much lower in 2022. months with many homes still under construction or haven’t even started being built yet. We are at 8.6 months, which makes the job harder.

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Annarbor Appraisal

APRIL 9, 2020

In it I included a year over year chart of all sales through the local MLS back to 2005. This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Houses in blue, condominium units in orange, new construction included. Year to year trends. What happens if it only tops 15%?

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Appraisal Today

FEBRUARY 24, 2023

In 2005 I finally quit all residential lender work due to the huge ups and downs in business. Modern and contemporary styles still have a stronghold on new construction, but as we found, they have spawned many offshoots, each of which has bloomed into a distinct aesthetic in its own right. In the early 1990s, my market crashed.

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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.

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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%

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Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. New construction across King is projected to decline a surprising 11% in dollar terms in 2022. Even in the housing bubble of 2005, prices rose “only” 12% nationally.) What will the 2022 Seattle/King County housing market offer?

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Appraisal Today

DECEMBER 9, 2022

The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. 31% of women and 27% of men signed up for Social Security at age 62 in 2018, down from around 54% of women and 50% of men in 2005, according to Social Security Administration data. Excerpts: Built 1990 | 6,106 Sq.

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