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The current REO market requires an expansion of services for business growth

Housing Wire

Balancing supply and demand is a delicate dance between new construction and existing properties. Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans.

Business 406
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U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Nowhere in Sight | Florida Realtors. Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). Housing Market Collapse? Nowhere in Sight.

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Housing Demand Likely to Stay High for Years to Come

Empire Appraisal Group

Source: Housing Demand Likely to Stay High for Years to Come | Florida Realtors. Between a wave of foreclosures, rising rents, and underbuilding of new homes, the housing market became much harder to crack into from 2006 to 2017. Housing Demand Likely to Stay High for Years to Come. MECKLENBURG, Tenn. – All rights reserved.

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Housing market inventory is starting to recover

Housing Wire

. “The March pace was the second strongest since 2006, surpassed only by this past December’s reading,” Duncan said. Suburban multifamily housing construction is also benefitting from this trend.” Suburban multifamily housing construction is also benefitting from this trend.” from February.

Inventory 545
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U.S. home prices hit 14-year high in October

Housing Wire

from its former high in July 2006. Home prices have continued to increase this year as a result of low inventory and high demand for homes. million, according to the National Association of Realtors. Larger homes have become more popular as more homeowners are working from home, becoming a main driver for construction.

Buyers 543
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How lenders can continue to serve borrowers despite housing affordability challenges

Housing Wire

Housing inventory remains persistently low, home prices are at all-time highs and affordability is becoming out of reach for more people with every passing day. Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. HousingWire: What are the current challenges when it comes to affordable housing?

Finance 395
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8 Experts: Sky-High Housing Prices Won’t Fall

Empire Appraisal Group

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. The share of entry-level homes in overall construction declined from 40% in the early 1980s to around 7% in 2019. “A Stronger mortgage market.