Housing Wire

MAY 19, 2021

But the fact remains, she said, that low inventory is going to keep prices high. “Until new construction takes off — over the course of years, not months — home prices will continue to increase. The number of homes sold in April was up 34% from a year earlier, but only 8% from the same time in 2019.

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Housing Wire

DECEMBER 10, 2020

In October, home sales in Des Moines soared 34% compared to last year, with 1,547 sold properties compared to 1,150 in 2019, according to the Des Moines Area Association of Realtors. That, along with the tech jobs Des Moines has to offer and low mortgage rates , means new builds are more affordable for younger buyers. “I’ve

Housing Market 441

Housing Market Marketing Realty Realtors 441

Housing Wire

SEPTEMBER 22, 2023

But somebody has to replace the Fed, and the Fed is not an economic buyer. So they are a policy buyer. They may require wider spreads than the Fed because the Fed is not an economic buyer. Kim: The silver lining in the current housing market is an uptick in new construction sales due to a lack of existing-home inventory.

Housing Market 446

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Housing Wire

MAY 25, 2021

In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. This is not due to a lack of demand; quite the opposite, Speakman noted. ” Technology for navigating secondary market challenges. .

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Housing Wire

AUGUST 3, 2022

We saw this in 2013-2014 and 2018-2019. million to the lows of January 2019 at 4.98 They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. Also, we have to know that we aren’t working from a high level of inventory data as well. NAR total inventory data.

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Mortgage Inventory Sellers Housing Market 504

Hank Miller Team

NOVEMBER 15, 2022

Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. Atlanta Housing Inventory Everything must be kept in context. We clearly see the impact of the interest rate hikes as they suppressed buyer activity. Some markets remain in flux, others have started to level off already.

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Housing Wire

SEPTEMBER 22, 2022

This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. Addressing a shortage of inventory is a serious concern, especially as fall and winter approaches when total inventory traditionally drops. million, below the 2019 range of 1.52

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Housing Wire

SEPTEMBER 27, 2022

This isn’t true (just look at his next statement, below) — he really wants the bidding wars to end, and for total inventory to grow and regain balance. As you can see below on the NAR total inventory chart, we didn’t have a seasonal push in inventory in 2020, which left us vulnerable to price growth that was above the historical norm.

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Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

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DataMaster

FEBRUARY 25, 2021

In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders. Eighty-one percent of all home buyers have bachelor degrees or higher with similar numbers in the Millennials group. Only 23 percent of buyers 40-54 had student loan debt with a median balance of $30,000. Covid-19.

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Inventory Buyers Construction Supply Chain 174

Hank Miller Team

NOVEMBER 8, 2021

In 2019 the housing market found its legs and combined with a historically strong economy and low rates, the housing market caught fire. The two main drivers; low mortgage rates and historically low inventory. The expectation is that the pace of new construction will pick up. percent by mid-2022 and 4 percent by late 2022.

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. I don’t believe housing inventory below 1.52

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Inventory Housing Market Construction Marketing 518

Housing Wire

DECEMBER 16, 2021

While the market has struggled with a lack of inventory in 2021 and builders have reported ongoing supply chain challenges, there are more than 700,000 homes under construction right now, and a growing inventory of new homes for sale. The inventory of existing homes remains quite tight at less than 2.5

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Marketing Mortgage Supply Chain Inventory 458

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Prior to COVID, i.e. March of 2020, inventory was already falling. Where Have We Been? Where Do We Stand Now?

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Supply Chain Home Value Inventory Construction 69

Housing Wire

AUGUST 16, 2023

Under the new regulations, construction of new residential buildings can continue in areas that have a designated water provider since homebuilders and developers do not need an AWS certificate to obtain a building permit. Phoenix, said Vogel, was already dealing with low housing inventory and increasing affordability issues.

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Housing Wire

MAY 23, 2023

Demand for newly built homes has been strong amidst the historically low inventory of existing homes for sale ,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. However, experts note that the existing home inventory trough won’t last forever. In April, the sales pace of new homes rose 4.1%

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Inventory Construction Development Buyers 395

DataMaster

FEBRUARY 25, 2021

In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders. Education Eighty-one percent of all home buyers have bachelor degrees or higher with similar numbers in the Millennials group. Only 23 percent of buyers 40-54 had student loan debt with a median balance of $30,000.

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Inventory Buyers Construction Supply Chain 78

DataMaster

FEBRUARY 25, 2021

In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders. Eighty-one percent of all home buyers have bachelor degrees or higher with similar numbers in the Millennials group. Only 23 percent of buyers 40-54 had student loan debt with a median balance of $30,000. Covid-19.

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Inventory Buyers Construction Supply Chain 78

Quicken Loans

DECEMBER 16, 2021

So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. In combination with low housing inventory and labor shortages, that drove up selling prices. With a larger portion of the population working from their home, prospective buyers could move toward more suburban areas.

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Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

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Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

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Construction Housing Market Inventory Buyers 464

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

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Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much.

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Housing Wire

DECEMBER 7, 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. For now, though, the low inventory means housing starts have legs to move higher. months, the builders are ok with construction as long as new home sales grow. If supply goes over 6.5 Hard pass.

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Inventory Construction Government Housing Market 545

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. However, financing to invest in lots, land and inventory has been a significant challenge for private builders,” said Todd Pyatt, owner of Pyatt Builders.

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Housing Wire

JULY 22, 2021

You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8% ” Unsold housing inventory sits at a 2.6-month Sales climbed 22.9%

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Inventory Buyers Realtors Construction 496

Housing Wire

FEBRUARY 21, 2024

billion in sales is still 40% above 2019 levels. In the multifamily space, by contrast sales are down 65% from where they were in 2019. Those sales include “major buyers” like Inland , Blackstone, Starwood and American Realty Advisors , the company pointed out in its report.

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Housing Wire

MAY 16, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. That share from 2000-2019 was a 12.7%

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Construction Inventory Buyers Housing Market 427

Housing Wire

MARCH 8, 2023

It is no secret that the housing market is suffering from an ongoing inventory drought. Existing housing inventory fell by 11,021 homes week over week for the week ending March 6, according to data from Altos Research. This resulted in the gap between single family home construction and household formation growing to 6.5

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Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000.

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Inventory Construction Housing Market Mortgage 466

Housing Wire

JULY 20, 2021

” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. With lumber prices recently pulling back, we expect some near-term strength in construction. million and 1.92

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Housing Market Marketing Inventory Construction 500

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on Buyers and Sellers These low loan rates are pushing buyers to risk virus exposure in search of better housing. Compared with May of 2019, existing home sales were down 26.6%. During the height of the pandemic, new home construction ground to a halt. What does this mean for buyers?

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Real Estate Marketing Supply Chain Investors 78

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on Buyers and Sellers. These low loan rates are pushing buyers to risk virus exposure in search of better housing. Compared with May of 2019, existing home sales were down 26.6%. During the height of the pandemic, new home construction ground to a halt. What does this mean for buyers?

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Housing Wire

JUNE 22, 2023

Total housing inventory recorded at the end of May was 1.08 Unsold inventory is at a 3.0-month Available inventory strongly impacts home sales,” Lawrence Yun, chief economist at NAR, said. Available inventory strongly impacts home sales,” Lawrence Yun, chief economist at NAR, said. million units, up 3.8% from May 2022 (1.15

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Inventory Construction Realtors Marketing 366

Cleveland Appraisal Blog

MARCH 4, 2021

That usually appealing to many home buyers. While we take into consideration both actual and effective age in our appraisal process, if a home is not newer construction, as noted earlier, it is more typical to make an adjustment for condition or effective age rather than for chronological age. It has never been lived in.

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Housing Wire

MARCH 23, 2022

Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement.

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Hood Homes Blog

SEPTEMBER 23, 2019

Updated 9/23/2019; Originally published 10/6/17. Each of these models offers different benefits and drawbacks for new construction homebuyers to consider. Each of these models offers different benefits and drawbacks for new construction homebuyers to consider. These are probably the only option for cost-conscious buyers.

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