Housing Wire
SEPTEMBER 4, 2020
The COVID-19 pandemic has caused lumber prices to skyrocket more than 160% since April after a spike in home renovation by cooped-up Americans, according to the National Association of Home Builders. Higher prices are adding about $16,000 to the cost of a new house, said Robert Dietz, NAHB’s chief economist. “As
Housing Wire
SEPTEMBER 23, 2022
A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market. According to NAR, the United States faces a housing deficit of 6 million units.
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Housing Wire
OCTOBER 17, 2023
The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. He said the housing market is now riding out an environment of “low inventory and high rates.” “I
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. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.
Patch of Land
NOVEMBER 14, 2017
percent of nationwide home sales were flips, and represented the highest amount since 2006 according to ATTOM Data Solutions. This brings the hope that the housing market is regaining speed again after stalling in recent months. Last year, 5.7 New Home Sales Grew by 18.9 Percent in September.
Will Springer Realtor
AUGUST 9, 2021
Many dug into savings and had their homes renovated or repaired. A surprising 3% used the time to build a new house. . >> Lawrence Yun also said this figure will be the highest rate of sales since 2006. About 57% of all new housing was classified multifamily (four or more units in one location).
Will Springer Realtor
MAY 12, 2021
Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.
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