Appraisal Buzz

JULY 5, 2021

The housing market is on fire right now with so many people moving out of larger cities and looking to buy a property of their own. With that said, appraisers are often tasked with having a knowledge of the local community and the local market — specifically how it affects the quality of a home.

Appraisal 370

Appraisal Real Estate Construction Appraisal Process 370

Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ While this is up from a record low of 7,336 listings set in late April 2022, it is still well below the 29,951 listings in early May 2019, about a year prior to the onset of the COVID-19 pandemic.

Inventory 311

Inventory Housing Market Marketing Real Estate 311

DataMaster

JUNE 16, 2021

The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. Instead of growing to meet the demands of a growing population and shifts in demographics (Millennials and Gen Z’s want houses!), That’s pretty discouraging!

Construction 174

Construction Law Landlords Development 174

Housing Wire

MARCH 1, 2022

LLR is not a newcomer to mortgage technology or the overall fintech market. million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Clearly, we love that the housing market supports so many professionals and households.

Real Estate 343

Real Estate Brokerage Real Estate Agent Technology 343

Housing Wire

AUGUST 16, 2023

In certain parts of the Phoenix AMA that do not have a designated water provider, builders and developers need a certificate of AWS to obtain a building permit. Due to the restrictions these regulations have created, Kamps said the HBACA is concerned about the area’s housing supply and housing affordability moving forward.

Construction 334

Construction Agents Development Real Estate Agent 334

Housing Wire

DECEMBER 16, 2021

How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. What if it doesn’t?).

Marketing 449

Marketing Mortgage Supply Chain Inventory 449

Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). It is developing several single-family and multifamily communities in King and Snohomish counties. We have covered over and over the scarcity of homes available for sale.

Construction 36

Construction Inventory Buyers Real Estate 36

Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. In response, they stalled construction for 30 months.

Construction 498

Construction Housing Market Inventory Marketing 498

Will Springer Realtor

DECEMBER 11, 2022

The world of construction appears to be one of the only commodity-based industries yet to become truly efficient in the production of homes, office space and specialty structures. Robert Gordon, a noted Northwestern University economist, estimates the construction industry recorded negative productivity growth around the turn of this century.

Construction 36

Construction Architecture Real Estate Design 36

Will Springer Realtor

MARCH 14, 2022

off their 2022 high of 3.92% (the highest level since May 2019). Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Amid limited housing supply and rising prices, buyers will need to anticipate touring homes that will need some TLC as housing stock ages.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The February housing data, pre-COVID, was juicy indeed. compared to 2019 levels.

Housing Market 542

Housing Market Marketing Construction Buyers 542

Will Springer Realtor

JUNE 9, 2021

Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 market during the pandemic – and there is great anticipation for strong demand. One aspect of rising housing prices is ballooning materials costs for new home builders. >> About 4.4

Housing Market 36

Housing Market Marketing Inventory New Listings 36

DataMaster

JUNE 16, 2021

The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. Instead of growing to meet the demands of a growing population and shifts in demographics (Millennials and Gen Z’s want houses!), That’s pretty discouraging!

Construction 78

Construction Law Landlords Development 78

DataMaster

JUNE 16, 2021

The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. Instead of growing to meet the demands of a growing population and shifts in demographics (Millennials and Gen Z’s want houses!), That’s pretty discouraging!

Construction 78

Construction Law Landlords Development 78

Housing Wire

FEBRUARY 9, 2024

The market saw a brief reprieve in lot availability as starts slowed, but the fourth quarter data captures the return of tightening as builders step up construction activity,” Zonda chief economist Ali Wolf said in a statement. “75% The lingering issue is how today’s lot pricing plays into housing affordability going forward.”

Development 385

Development Inventory Construction Real Estate 385

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. Census Bureau and the Department of Housing and Urban Development. First, total home sales should be 6.2

Mortgage 463

Mortgage Inventory Housing Market Construction 463

Housing Wire

FEBRUARY 5, 2024

Department of Housing and Urban Development. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. Census Bureau and the U.S.

Construction 405

Construction Housing Market Buyers Sellers 405

Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. The single-family-housing market is also limping along. times more than at the end of 2019.

Finance 68

Finance Inventory Construction Buyers 68

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. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

Construction 438

Construction Supply Chain Inventory Housing Market 438

Housing Wire

MAY 16, 2024

A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. While many metro areas currently offer an advantage where you can purchase a new construction home for a similar price or even less than the average area home, there is still a 23.8%

Construction 351

Construction Law Finance Realtors 351

Listing Spark

SEPTEMBER 25, 2023

The 5 most notable changes to the Texas Housing Market To really understand how these rising rates have changed things, we need to look at the big shifts in the housing market. Here are five of the biggest change in the Texas Real Estate market. At least, not yet. YOY) Pending Sales: 7,842 (increase of 2.2%

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? That’s far higher than YoY figures at the end of 2020 (up 1.7%) or 2019 (2.5%).

Real Estate 69

Real Estate Buyers Construction Sellers 69

Housing Wire

FEBRUARY 24, 2023

New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. months and below, this is an excellent market for builders.

Inventory 448

Inventory Construction Housing Market Mortgage 448

Will Springer Realtor

JUNE 13, 2023

It’s the bacon and eggs of the housing market – two staples that are often linked to one another. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. were in various stages of construction. in Seattle. There are 1.3

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

JULY 13, 2023

urban centers remain mostly higher than in 2019. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

JULY 11, 2023

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. The number of unsold (Active) listings in King is 49% fewer today than on July 1, 2019. up 5% from May.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Housing Wire

NOVEMBER 25, 2020

I have been consistent in my stance that during the years 2008 to 2019, we had the weakest housing recovery ever. I said that housing starts would never start a year at 1.5 Only then would we see enough demand from the new home sales market to warrant that much construction. If inventory breaks over 6.5

Housing Market 536

Housing Market Inventory Construction Marketing 536

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. The market has, ahem , evolved in the four years since. The dynamics of this year’s housing market are complex.

Sellers 60

Sellers Buyers New Listings Inventory 60

Houston Properties

JULY 20, 2022

She knows so much about the housing market so we felt very confident that we were in great hands!” – Dr. Jen Shroff. Developed by E.H. Established on April 15, 1923, the restrictions state: No apartment houses or duplexes in Southampton. Minimum construction costs on Rice Boulevard: $12,000 to $15,000.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Will Springer Realtor

MAY 13, 2024

America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. shy of the need. But for how long?

HOA 36

HOA Transportation Construction Buyers 36

Housing Wire

JUNE 16, 2021

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.

Housing Market 488

Housing Market Development New Listings Marketing 488

Housing Wire

MAY 16, 2023

Homebuilder confidence is continuing to trend upward this spring, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. While this is fueling cautious optimism among builders, they continue to face ongoing challenges to meet a growing demand for new construction.

Construction 414

Construction Inventory Buyers Housing Market 414

Housing Wire

JANUARY 31, 2024

CoreLogic Principal Economist Molly Boesel told HousingWire the 2022 price boom was largely “a spillover from the for-sale market,” which has been stuck in a prolonged inventory crunch in the present high-mortgage-rate environment. Nationally, multifamily construction has grown at a faster rate than single-family construction.

Construction 424

Construction Inventory Property Management Housing Market 424

Will Springer Realtor

AUGUST 11, 2023

Some developers are delivering smaller homes in the form of four- and six-plex townhomes on a parcel of land that once featured a single-family house. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). and Palm Bay, Fla.,

Buyers 36

Buyers Development Construction New Listings 36

Housing Wire

NOVEMBER 24, 2021

months, this is an OK market for the builders. months and above, the builders will pull back on construction. family houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

Construction 477

Construction Marketing Housing Market Mortgage 477

Will Springer Realtor

DECEMBER 13, 2022

By all measures, our region (and the rest of the country for that matter) experienced one of the worst six months (June-November) any housing market has seen in at least a decade. Yes, the great housing market reset is in full swing. To be clear, we are not heading toward a housing market crash – not even close.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Housing Wire

DECEMBER 23, 2020

Exponential growth in any housing market data will eventually moderate. From the Census Bureau: “Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. months, builders become cautious about oversupplying a market.

Inventory 525

Inventory Construction Housing Market Design 525