Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Loans for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes are not eligible.

Appraisal 370

Appraisal Appraisal Process Valuation Renovations 370

Empire Appraisal Group

APRIL 22, 2021

While higher housing costs and mortgage rates will chip away at buyer demand, the sheer volume of current buyers makes the next buyers’ market appear far away. 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. MECKLENBURG, Tenn. –

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. How I look at rates is intertwined with how I look at the bond market.

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Housing Market Marketing Inventory New Listings 543

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

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Housing Market Marketing Inventory Sellers 546

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow.

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Inventory Construction Government Housing Market 545

Town & Country Residential Appraisals

FEBRUARY 24, 2020

Above: 1970-2019 National median home price % increase VS. home construction % increase. There is lots of talk of national home prices increasing since 2008 and having stalled in 2018-2019 and what the possible causes could be, but what does that have to do with our local market. See the green and red lines above).

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Construction Real Estate Housing Market Marketing 36

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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Housing Wire

APRIL 16, 2021

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. “The March pace was the second strongest since 2006, surpassed only by this past December’s reading,” Duncan said.

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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. housing market. You can understand why I upgraded the housing market from unhealthy to savagely unhealthy. It’s an excellent time to discuss housing inventory.

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Inventory Housing Market Construction Marketing 522

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 384

Real Estate Marketing Insurance Buyers 384

Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. From the National Association of Home Builders : Looking at the housing starts report, the numbers came in slightly better than anticipated, driven by multifamily construction.

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Housing Wire

MAY 7, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

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Housing Market Marketing Construction Inventory 545

Housing Wire

NOVEMBER 25, 2020

With October’s data in, new home sales have had the strongest three-month stretch since mid-2006, with each month falling just short of 1 million. However, demand has construction playing catch-up , as the estimate of new houses for sale at the end of October was just 278,000. This represents a supply of 3.3

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Construction Development Mortgage Housing Market 528

Housing Wire

MAY 6, 2021

Despite consistent forecasts of a market with rising rates, the 30-year fixed rate mirrored more closely numbers borrowers saw back in February. For the third consecutive week, mortgage rates managed to remain under 3%, dropping three basis points last week to an average of 2.96%, according to Freddie Mac ‘s PMMS.

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Mortgage Construction Inventory Marketing 458

Housing Wire

SEPTEMBER 3, 2022

So what does this mean for the labor market and the larger economy? . The job market is still pushing along fine as the need for labor continues in America. Let’s take a look at the American labor market. Also, we must be mindful that multifamily construction has been good this year, with rental demand still solid.

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Housing Wire

MARCH 23, 2022

Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. The market crunch affects borrowers with less money more acutely, economists said. “This points to potential for more homes being built later in the year, but the number of homes sold that are under construction fell 9.1%

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Supply Chain Housing Market Buyers Construction 384

Housing Wire

DECEMBER 16, 2020

After three successive months of record highs, the National Association of Home Builders and Wells Fargo Housing Market Index measuring builder confidence fell four points to 86 in December. Policymakers should take note to avoid increasing regulatory costs associated with land development and residential construction,” Fowke said.

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Construction Housing Market Buyers Inventory 397

Housing Wire

OCTOBER 27, 2022

After the GDP report came out, the bond market rallied, sending yields lower, which some people were confused about. Let’s just say, things have been wild with the bond market and mortgage rates all year! So regardless of the economic data — the bond market, the Fed rate hikes, and the U.S. was in a recession.

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Mortgage Housing Market Marketing Construction 543

Housing Wire

NOVEMBER 24, 2020

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. Home prices are normally sticky, meaning that they often take a while to respond to market shifts,” said Matthew Speakman, economist at Zillow.

Housing Market 520

Housing Market Contracts Construction Inventory 520

McKissock

MAY 7, 2021

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news. ” New home construction in the news. from February to a 1.02

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Construction Real Estate Design Appraisal 94

Appraisal Today

JULY 21, 2023

NOTE: Does your market look similar? NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. Listed for $42.5

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Appraisal Real Estate Contracts Business 88

Housing Wire

MARCH 12, 2024

The housing priorities outlined by the White House and President Joe Biden last week before and during the State of the Union address are crucial for alleviating a serious burden facing many Americans, and the plan emphasizes actions that can be taken to impact the current housing market.

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Construction Housing Market Insurance Finance 431

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”. Khater wrote.

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Construction Supply Chain Investors Business 397

Appraisal Today

OCTOBER 7, 2022

If it had a market value of $345k, it would have listed at $345k!”. Other questions are not as relevant, such as fees, as the appraisal market in many areas is not as strong as in May when the survey was done. Of course, this is aggregated and does not focus on market segments such as neighborhood and price range.

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Housing Wire

MAY 24, 2022

Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. The market is savagely unhealthy and needs balance; this is what we call balance! However, the housing market changed once the 10-year yield broke over 1.94%. Guess what happened in March?

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Housing Market Inventory Construction Marketing 397

Housing Wire

JUNE 21, 2023

The existing home sales market is a face on a milk carton, and homebuilders are salivating at the opportunity to meet strong consumer demand. Census Bureau speaks to the growing strength of the new home market, which stands in stark contrast to the moribund re-sale market. So why aren’t they? New data from the U.S. million, 21.7%

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Business Construction Law Inventory 370

Housing Wire

NOVEMBER 28, 2022

housing market went into recession in June of this year, which I talked about a few months ago on CNBC. The job loss recession is already here in the housing market, and total incomes are falling with less volume in this sector. In addition, we have a lot of two-unit construction built, which will bring more supply online.

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Transportation Construction Housing Market Mortgage 537

Housing Wire

DECEMBER 29, 2020

from its former high in July 2006. These factors appear likely to remain in place in the near term, and an incrementally improving economy should encourage more buyers to enter the market.”. Larger homes have become more popular as more homeowners are working from home, becoming a main driver for construction. respectively.

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Buyers Construction Realtors Inventory 543

Appraisal Today

JUNE 10, 2022

Habitual practice of “comparing comps” over “measuring markets” will prevail (in the absence of change in the other “frictions”). NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. To read more, click here.

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Appraisal Contracts Business Mortgage 52

Housing Wire

JULY 20, 2021

million in June, as construction companies broke ground on a greater number of both single-family and multifamily buildings last month. It’s the third-highest number of housing starts builders have broken ground on in one month since May of 2006, a sign of strong buyer demand. Housing starts increased 6.3% to a rate of 1.64

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Supply Chain Construction Inventory Buyers 441

Housing Wire

APRIL 30, 2021

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply.

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Buyers Construction Inventory Housing Market 450

Housing Wire

JUNE 2, 2022

housing market. And now we are facing a tumultuous year of mortgage market normalization. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets. It’s only natural that market players might be skittish over what direction housing will trend.

Housing Market 441

Housing Market Supply Chain Construction Clients 441

Housing Wire

DECEMBER 15, 2021

Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. as of 2020 — the highest level since 2006, according to the State of the Nation’s Housing 2021 report from the Harvard Joint Center for Housing Studies. HousingWire: What are the current challenges when it comes to affordable housing?

Finance 397

Finance Construction Law Inventory 397

Clear Capital

AUGUST 30, 2021

The August 2021 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 6.4 In that case, we encourage the consideration of the additional year-over-year comparison based upon price-per-square-foot, which may be more in line with market dynamics in this situation. months worth of supply.

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Marketing Real Estate Inventory Construction 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?

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Appraisal Contracts Real Estate Mortgage 52

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. Multifamily construction is different than single-family homes. Housing completions have been one of the worst stories for the housing market. percent (±13.6

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Housing Market Buyers Mortgage Construction 545