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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? Lenders should expect a much faster pace of hikes over the next few years than what was experienced following the 2009 recession. The inventory of existing homes remains quite tight at less than 2.5

Marketing 448
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Homebuilders are primed for an even better 2024

Housing Wire

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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Housing starts reach nine-month high in December

Housing Wire

Department of Housing and Urban Development and the U.S. Construction of single-family homes dropped 2.3% from November to 1.172 million units, the construction of multifamily units again posted a sizable increase of 13.7% 2021 was a strong year for construction.”. Census Bureau. to 524,000 units. above the 2020 figure.

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Appraisals – Check the Water Source!

Appraisal Today

It did not even though many lots nearby were developed. The way that we did that was through cantilevers and using structural engineers and steel to help us to construct the home that we absolutely wanted.”. Mortgage Lenders – 1989 – FIREEA and appraiser licensing, 2009- HVCC and AMCs took over. 8-minute podcast.

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Uncertain future, forgetting the past

Annarbor Appraisal

Ann Arbor is somewhat insulated from national market forces in that we are a university community, and the university brings with it a lot of stability due to student life, research and development, and the industries that tie in to the university. Houses in blue, condominium units in orange, new construction included.

Buyers 78
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“It’s crazy”: Homebuilders big and small struggle to finish projects

Housing Wire

homebuilder, housing starts, lumber, builders, builder confidence, construction. Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. of homes for sale were new construction. Department of Housing and Urban Development and the U.S.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Legislation related to transit-oriented development did not pass. Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.”