Eyes on Housing

MARCH 29, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs remained steady at 381,000 unfilled positions in February. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

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Construction Housing Market Marketing 193

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. I haven’t had anybody so far downsize.”.

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Housing Market Marketing Realty Realtors 433

Housing Wire

APRIL 15, 2024

Competition in the housing market is heating up heading into May and June. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. Home prices are surging in major U.S. ” Competition is stiff for attractive listings.

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Housing Market Inventory Buyers New Listings 433

Housing Wire

JULY 26, 2023

Because of historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market, major insurance carriers like State Farm and Allstate are no longer issuing new homeowner insurance policies in California.

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Insurance Housing Market Marketing Supply Chain 370

Eyes on Housing

MAY 3, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased slightly to 396,000 unfilled positions in March. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

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Construction Housing Market Marketing 158

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The housing market is heading toward an inflection point — a rebalancing that will mean the end of the record-high price appreciation we’ve seen over the past year.

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Inventory Housing Market Construction Sellers 393

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. In addition, the median age of a homebuyer who completed their purchase within the past year rose from 40 in 2009 to 44 in 2019. housing market,” Tucker said in a statement.

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Buyers Housing Market Real Estate Agent Real Estate 538

Housing Wire

FEBRUARY 13, 2024

As a point of comparison, in the benchmark year of 2019, 31,000 new homes were purchased in the top 50 master planned communities. Although Zonda data shows that pressure on lot supply eased last year, the John Burns report indicates that MPCs will become even more desirable as construction activity ramps up.

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Buyers Design Construction Marketing 450

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

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Business Finance Buyers Lending 442

Housing Wire

MARCH 2, 2022

So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. The shopping spree, in a historically wild housing market, led to Zillow’s implosion and a lot of red ink on Opendoor’s books. million in net income.

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Housing Market Inventory Construction Marketing 370

Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market. But the U.S.

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Insurance Clients Marketing Housing Market 382

Housing Wire

JULY 13, 2022

Keeping the figures simple, here is some math tied to the NAHB blog: If lumber in 2019 was $400/mbf, lumber cost was $11,200 per home If lumber in 2020 was $1070/mbf, lumber cost was $29,800 per home If lumber in 2022 is $400/mbf, lumber cost is back to $11,200 per home. From 2019 to 2022, interest rates added $474.

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Supply Chain Buyers Construction Mortgage 404

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. Average listing prices never approached $325,000 in 2019.

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Sellers Housing Market Marketing Buyers 450

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. That would be a positive for demand.

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Housing Market Marketing Inventory New Listings 543

Housing Wire

DECEMBER 28, 2021

By the end of 2019, just 4,608 people called the town home, However, by early 2021, the population was already rebounding, with roughly 6,000 people living in Paradise. We have had over 200 lots active on the market at one time since 2019, so we are a little low on inventory.”. So, it’s coming along, but it’s a slow process.”.

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Insurance Realty Agents Construction 382

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. The group’s Mortgage Credit Availability Index remained unchanged at 124.6 last month, still hovering near levels previously seen in 2014.

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Mortgage Government Buyers Contracts 471

Housing Wire

APRIL 27, 2023

Sales of new homes are already matching 2019 pre-COVID activity and are expected to increase in 2023, largely due to plentiful inventory in this segment of the market.” In the new construction sector , NAR predicts sales to increase 4.5% year over year to 4.56 million for all of 2023. year over year to 4.56

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Inventory Realtors Contracts Construction 424

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot. Housing Market Forecast FAQs.

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Housing Market Marketing Inventory Real Estate 78

Housing Wire

SEPTEMBER 27, 2022

housing market — it now applies to the world economy. As I noted during my recent podcast on HousingWire, things are getting sloppy in the markets, and when chaos happens, you can’t ever be sure how bad the damage is going to be. Savagely unhealthy is no longer just a term for the U.S. He wants to see balance.

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Housing Market Inventory Marketing Construction 464

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. ” Technology for navigating secondary market challenges. . ” Technology for navigating secondary market challenges.

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Construction Technology Development Marketing 414

Housing Wire

AUGUST 3, 2022

The question is, can lower mortgage rates save the housing market from its recent downtrend? We saw this in 2013-2014 and 2018-2019. million to the lows of January 2019 at 4.98 Housing acts better when rates are below 4%. housing market. The post Can lower mortgage rates stop the housing recession?

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Mortgage Inventory Sellers Housing Market 498

Housing Wire

MAY 6, 2022

While we are still far away from 2018/2019 levels of total inventory, anything, and I mean anything, we get is a plus now. HousingWire: What is the biggest risk to your balance housing market take? New home sales fall, which will create a slowdown in housing construction. Have more questions for Logan?

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Inventory Housing Market Marketing Construction 370

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing Market Marketing Inventory Sellers 546

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.

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Inventory Housing Market Marketing Real Estate 403

Housing Wire

MAY 25, 2021

“The housing market dynamics are pushing up prices of homes to the point that new homes especially are increasingly out of reach for lower-income and even many middle-income Americans,” Frick said. ” Mortgage rates continue to hover around 3%, keeping prospective homebuyers interested, Speakman said.

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Supply Chain Inventory Buyers Construction 404

Housing Wire

JUNE 22, 2021

The ESR group now believes existing home sales are expected to approach a level in the third quarter only slightly higher than the 2019 average. While builders rush to construct these homes on the thousands of lots already purchased, existing homes may have a chance to enter the market.

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Inventory Buyers Realtors Housing Market 414

Housing Wire

OCTOBER 20, 2022

The 30-year fixed-rate mortgage continues to remain just shy of 7% and is adversely impacting the housing market in the form of declining demand,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Sellers are responding to the shift in the market and pulling back on listing activity, resulting in a 9.8%

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Mortgage Sellers Buyers New Listings 404

Housing Wire

JANUARY 24, 2022

A December report by prepared by Urban Institute ’s Housing Finance Policy Center shows that the private-label market’s share of mortgage securitizations was slightly more than 4% as of October of last year, up from 1.83% in 2012 and fast approaching its post-crisis high of 5% in 2019.

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Mortgage Lending Finance Housing Market 370

Housing Wire

OCTOBER 11, 2021

housing market this year? If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond. First and foremost, it is important to remember that more Americans are buying homes with mortgages in 2020 and 2021 than any single year from 2008-2019.

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Housing Market Marketing Construction Investors 532

Housing Wire

DECEMBER 4, 2020

over the next three years – nearly a percentage point lower than the average of the 2010-2019 decade. When more houses do hit the market, CoreLogic predicts millennials will generate the strongest demand over the next several years. On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

Mortgage 506

Mortgage Contracts Construction Inventory 506

Housing Wire

AUGUST 18, 2020

The Census report on new construction showed a whopping 22.6% increase above the revised June estimate in housing starts in July. This means we can add housing starts to our growing collection of V-shaped recovery charts for the 2020 housing market. We spent parts of 2019 whittling down the excess inventory.

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Housing Market Marketing Construction Inventory 546

Miller Samuel

DECEMBER 5, 2018

I was invited by Julie Hyman at Yahoo Finance TV for a discussion on the weakening luxury housing market and some other topics of interest. Yahoo is ramping up live coverage in early 2019 via 100% internet. I've known her for years, after a long run at Bloomberg TV, and am excited about her new opportunity at Yahoo.

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Finance Real Estate Development Housing Market 221

Genworth MI Blog

MAY 28, 2020

Truth: A manufactured home is built in a factory and constructed to comply, at a minimum, with the Manufactured Home Construction and Safety Standards (HUD Code) enacted June 15, 1976. All factory-built homes constructed after June 15, 1976 must comply with the HUD Code or local building code. can work at night).

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Construction Loan Officers Training Lending 148

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. 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. million, below the 2019 range of 1.52 million to 1.93

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Mortgage Loan Officers Inventory Retail 382

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. High-quality homes sell in nearly every market. Worried about missing out on a boom?

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Housing Market Marketing Real Estate Realtors 68

Hank Miller Team

NOVEMBER 8, 2021

But in this maelstrom comes a confident 2022 housing market forecast from Goldman Sachs; they predict home prices will appreciate 16 during 2022. In 2019 the housing market found its legs and combined with a historically strong economy and low rates, the housing market caught fire.

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Supply Chain Inventory Housing Market Government 98

Housing Wire

MAY 6, 2022

Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but the real winner was manufacturing jobs. Job openings in construction and manufacturing are big in America today. As we can see, the labor market is solid and has some legs. The unemployment rate currently stands at 3.6%.

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Transportation Construction Retail Real Estate 382