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Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. 1, and runs through May 1.

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Agency MBS market is facing a supply-side threat

Housing Wire

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion and to nearly $9.3

Marketing 353
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Rise above the panic, for the housing market’s sake

Housing Wire

Reading headlines or, in this case, Tweet threads , rooted in the “demise of the market,” tend to create false pretenses that sway investment decisions, often when they shouldn’t. It’s up to you to serve as their guide — some of these potential buyers are navigating these waters for the very first time.

Retail 337
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OK to average adjusted comps on appraisals?

Appraisal Today

In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. The record comes as mortgage rates hover at elevated levels, hitting their highest level in 23 years last week and cutting deep into buyers’ budgets. Weekly housing-market data goes back through 2015.

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How to grow housing supply in 2021

Housing Wire

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. Demand right now is not an issue for both the existing and new home sales market. New Home Supply.

Inventory 543
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New home sales plunge 18.2%, but demand stays strong

Housing Wire

After a near decade high in January, new home sales for single-family houses plummeted 18.2% to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. Census Bureau and the Department of Housing and Urban Development.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

acre property complete with the castle and carriage house is on a riverbank. Off and on the market since 2013. Excerpts: Housing trends are changing by the week, and it’s time to start believing the Fed when they talk about resetting the housing market. Excerpts: The 1.76-acre Built in 1888.