Housing Wire

JUNE 8, 2022

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

OCTOBER 21, 2020

“Yes, it’s come down to 10 million, but look at how that compares again to the peak in 2009 of 6.6 However, due to the narrow industry focus of the job losses, this downturn has proved much different than what the economy saw in 2009. Housing inventory and prices. million,” he said.

Mortgage 405

Mortgage Inventory Housing Market Construction 405

Housing Wire

DECEMBER 7, 2021

Black Knight said that elevated prices will continue into the foreseeable future, as inventory shortages continue to put upward pressure on home prices. will result in the tightest affordability since 2009. “At The data vendor noted that there is a 54% deficit in for-sale properties today compared to 2017 to 2019 averages.

Inventory 450

Inventory Mortgage Marketing 450

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 384

Sellers Inventory Housing Market Buyers 384

Housing Wire

AUGUST 15, 2023

Despite persistent inflation challenges, a volatile mortgage market and limited inventory, Keller said it was still a good time to buy a house. “It million sales in 2021, but roughly the same as 2009 to 2012. “If Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions.

Agents 364

Agents Marketing Real Estate Housing Market 364

Housing Wire

JUNE 18, 2021

In an economic outlook panel at HousingWire’s Engage.marketing event on Thursday, Duncan explained that in the 2007 to 2009 downturn, the industry went from building 2.2 It’s going to take all of them. million units to 600,000, and stayed around that level for three years.

Supply Chain 361

Supply Chain Housing Market Marketing Inventory 361

Housing Wire

NOVEMBER 3, 2020

Since 2009, it has facilitated the more than 4.5 Its new tool myTime allows private access not only to model homes, but to Brookfield Residential’s supply of move-in ready inventory homes. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format. and Denver markets.

Real Estate 258

Real Estate Tools Technology Retail 258

Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

Inventory 538

Inventory Mortgage Housing Market Marketing 538

Housing Wire

MAY 18, 2021

. “I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But when inventory dropped to a third of its normal amount, everything changed.

Real Estate 440

Real Estate Marketing Real Estate Agent Agents 440

Miller Samuel

FEBRUARY 12, 2019

The 10-year Challenge (2009 vs. 2019). Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In 2009, the average discount from listing was 10.2%. Studio inventory is up 21% percent.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

JANUARY 8, 2021

In the new year, Mortgage Bankers Association chief economist Mike Fratantoni said the lack of inventory is the biggest constraint to further growth in home sales for 2021. Despite builder confidence hitting a 35-year-high in November , the census bureau still estimates new home sales have just over a four-month supply.

Construction 441

Construction Retail Law Inventory 441

Housing Wire

MAY 28, 2021

“I honestly haven’t seen this kind of market for homes in San Jose since 2009.” . “We’re seeing eight to 10 offers on homes as soon as they go on the market,” Wellman said. ” Existing San Jose home sales were up 47.9% year over year in March 2021, per a report from Norada Real Estate Investments.

Buyers 301

Buyers Real Estate Agents Inventory 301

Housing Wire

OCTOBER 15, 2020

There were a total of 647 vacant structures in the Slavic Village neighborhood in July 2020, down 15% from March 2019 and down 53% from a peak of 1,368 vacant structures in March 2009, according to a biannual survey conducted by SVD of all parcels in the neighborhood. In 2008, 2009, it was triage. Seeking new inventory sources.

Buyers 339

Buyers Development Renovations Retail 339

Housing Wire

JULY 1, 2021

TB: Some of the biggest challenges are pent-up default inventory leading to a myriad of potential bottlenecks in the default servicing process. HW: What are some of the biggest challenges servicers are facing as they head into 2021 and 2022? HW: How is Hubzu prepared to help servicers in the event of increased defaults?

Inventory 230

Inventory Sellers Training Real Estate 230

Housing Wire

DECEMBER 16, 2021

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 The inventory of existing homes remains quite tight at less than 2.5 This additional inventory is sorely needed.

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

DW Slater Company

JANUARY 30, 2023

Inventory is down from the previous month but up from the same time last year. Supply has increased, but is still very low as less than 3 months supply in any market. Fewer existing homes have been put on the market as homeowners are holding on to the low rates in their current loans. Million Allegedly Paid to Two “Favored” Appraisers.

Housing Market 122

Housing Market Marketing Real Estate Appraisal 122

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 397

Housing Market Marketing Inventory Lending 397

Empire Appraisal Group

JULY 6, 2022

Recent studies by three South Florida universities and the University of Alabama point to the same high demand and low inventory as reasons for the homebuyer and rental angst experienced since the start of the pandemic, but the research also found future population growth in Florida will extend housing woes. “We Housing crash unlikely.

Marketing 78

Marketing Landlords Real Estate Tenants 78

Housing Wire

JULY 19, 2023

The extent of the ongoing lack of inventory has exceeded our prior expectation,” the ESR group said in its July commentary. This ongoing lack of inventory, in part due to mortgage lock-in effects, has driven significantly stronger home price appreciation over the first half of 2023 than we had previously anticipated.” While the U.S.

Construction 279

Construction Inventory Housing Market Marketing 279

Housing Wire

AUGUST 1, 2023

It was the lowest number of homes bought since 2009, when NAR began tracking this data. Sharply lower housing inventory in the U.S. Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, down 9.6% Foreign buyers closed on 84,600 properties, down 14.2% from the prior year. Overall, U.S.

Buyers 363

Buyers Realtors Real Estate Inventory 363

McKissock

AUGUST 9, 2021

After working for a time at a Chicago radio station, he got his first real estate job in 2009. A: Inventory. Mike McElroy has been in the real estate business for seven years. He says he found a business afraid of change, afraid of technology, afraid of loosening up and having fun every now and then. So he started his own brokerage.

Clients 96

Clients Real Estate Real Estate Agent Client Relationships 96

Housing Wire

DECEMBER 29, 2023

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. By contrast, in the decade 2009 through 2019, there was an average of 660,000 single-family homes constructed each year.

Construction 447

Construction Supply Chain Inventory Housing Market 447

Housing Wire

AUGUST 1, 2023

Inventory As a result, the seasonal inventory build is slow and on a normal cycle. Inventory growth seems to have a few more weeks to go. Inventory will probably peak at the end of August like it did in 2021. When you want to look at home prices in the future it’s helpful to look at inventory levels now.

Inventory 361

Inventory Contracts Buyers Mortgage 361

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. So far in 2022, only 5.4%

Investors 396

Investors Renovations Marketing Retail 396

Appraisal Today

JUNE 10, 2022

” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. The hangar was built in 2009, and the home was completed in 2014. Others, however, are completely livable dwellings. 2,821 sq.ft. It never sold. ==.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

JANUARY 19, 2022

Housing demand has outstripped supply since 2009,” First American deputy chief economist Odeta Kushi said in a statement. Experts are attributing the stability of housing starts this year to a slowly improving labor market, low mortgage rates, high demand for housing and an extremely low level of existing housing inventory.

Construction 426

Construction Housing Market Inventory Development 426

Housing Wire

APRIL 5, 2021

While the position of the Fund has strengthened in recent years and continues to do so largely as the result of a robust housing market driven by low inventory, low interest rates, and solid home-price appreciation, there are many reasons to proceed cautiously and to continue to prepare for the unexpected.

Insurance 241

Insurance Mortgage Housing Market Government 241

Listing Spark

DECEMBER 15, 2022

So obviously you know, back in 2009 and 2010 when we started doing owner finance and the markets, you know, you couldn’t flip a house or anything. “I think what people are doing right now is they’re keeping inventory down. You could rent ’em or you could owner finance them.

Finance 36

Finance Investing Real Estate Lending 36

Appraisal Today

JUNE 17, 2022

Mortgage Lenders – 1989 – FIREEA and appraiser licensing, 2009- HVCC and AMCs took over. Added Kan, “ Purchase applications were down more than 15 percent compared to last yea r, as ongoing inventory shortages and affordability challenges have cooled demand, coinciding with the rapid jump in mortgage rates.”.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Annarbor Appraisal

APRIL 9, 2020

This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. If prices had already started to level even with an extreme shortage of inventory, what will happen when the market unfreezes and buyers and sellers are free to move around again? What happens if it only tops 15%?

Buyers 78

Buyers Property Taxes Sellers Realtors 78

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications. . == Glorious Gilded Age Mansion for $29.9M The 30-year fixed rate increased to 6.69

Easement 52

Easement Contracts Appraisal Inspection 52

Lamacchia Realty

DECEMBER 28, 2022

That is an extraordinary statistic and has kept inventory very low. Below is a bar graph that illustrates the number of condo and single families per year in South Florida since 2009. This will increase inventory in South Florida much faster than up in New England and most of the country.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Housing Wire

FEBRUARY 22, 2022

Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. We have been in a perpetually bare market for inventory for so long now that builders are having to fill the demand and I am not sure when it is going to end, which is crazy,” said Noel.

Supply Chain 537

Supply Chain Construction Inventory Housing Market 537

Will Springer Realtor

AUGUST 16, 2022

The highlight for many visitors is the brick-and-stucco West Point Light Station, established in 1881 on the northwest tip of the park and fully restored in 2009-2011. It’s where President Biden, in 2022, signed an executive order to create a national inventory of mature and old-growth trees for conservation purposes. Gas Works Park.

Renovations 36

Renovations Government Inventory 36

Appraisal Today

FEBRUARY 9, 2024

Homebuilding has been on an upward trajectory since 2009 as builders have slowly climbed their way out of the hole caused by the Great Recession. Homebuilders have been offering sizable concessions, including money for mortgage rate buydowns, to attract bidders and offload inventory.

Appraisal 79

Appraisal Contracts Insurance Construction 79

Will Springer Realtor

JULY 11, 2023

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. Low inventory of existing homes for sale is pushing buyers toward new homes and the price of key building materials has started to ease. This is nothing new.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Appraisal Today

JUNE 24, 2022

percent – the highest since November 2008 and the largest single-week increase since 2009. However, purchase activity was still 10 percent lower than a year ago, as inventory shortages and higher mortgage rates are dampening demand.

Appraisal 52

Appraisal Contracts Mortgage Real Estate 52