Housing Wire

AUGUST 3, 2021

But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. from June 2020.

Buyers 504

Buyers Inventory Realtors Contracts 504

Will Springer Realtor

APRIL 14, 2023

“After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Contracts 36

Contracts Buyers Housing Market Design 36

Eppraisal

NOVEMBER 30, 2021

percent above the October 2020 rate. These national builders have a system in place for the buyers who purchase their homes. They build these spec homes so buyers can purchase a finished product if they do not have time or do not wish to wait for a home to be built. Housing starts increased right along with home values in 2021.

Contracts 36

Contracts Home Value Design Development 36

Housing Wire

DECEMBER 19, 2022

Homebuilder sentiment dropped yet again in December, hitting its lowest reading since mid-2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020. Looking ahead, Dietz recommended that builders plan one year or more out when thinking about land and construction timelines.

Contracts 409

Contracts Construction Buyers Housing Market 409

The Robert Weiler Company

NOVEMBER 9, 2022

Consider your desired demographic of customers or renters and buyers and which amenities they would desire; attractions such as restaurants, malls, community centers, family parks, beaches, etc. Many buyers and renters worry about flood risk in today’s world. billion of new commercial real estate construction contracts in 2021.

Transportation 78

Transportation Real Estate Supply Chain Investing 78

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% You set your appointments the night before, and when you get there that morning, they might already be under contract.” How 2020 is still shaping the way lenders use data. year-over-year.

Housing Market 432

Housing Market Marketing Realtors Inventory 432

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. This will spur more construction and help ease upward pressure on home prices.”.

Supply Chain 534

Supply Chain Inventory Buyers Housing Market 534

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 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. months, the builders are ok with construction as long as new home sales grow.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

FEBRUARY 25, 2021

But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. All four areas saw contract transactions increase from a year-over-year standpoint. million in 2020.

Supply Chain 402

Supply Chain Inventory Housing Market Contracts 402

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. The number of potential buyers will decrease as rates go up in many markets. USPAP and the Contract. Some appraisers do not like having a copy of the contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

OCTOBER 21, 2021

The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.”. Existing-home sales rose 7.0% from a year ago.

Inventory 410

Inventory Buyers Realtors Contracts 410

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.

Mortgage 471

Mortgage Construction Contracts Housing Market 471

Housing Wire

FEBRUARY 23, 2021

Eighteen of the 19 cities reported higher price increases in the year ending December 2020 versus the year ending November 2020. increase, noting home prices rose in all nine of the report’s regions in December 2020. December 2020’s 10.4% Digging deeper into the numbers, Phoenix saw a 14.4% Presented by: Fannie Mae.

Inventory 441

Inventory Finance Contracts Construction 441

Houston Properties

JANUARY 13, 2021

What’s shocking is (through the end of 2020) about 23% of Houston neighborhoods in specific areas are still selling at LOWER PRICES than before Hurricane Harvey hit in 2017. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? Household Finances – The Best (Ever).

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Today

JUNE 10, 2022

Not much work probably compared with 2020-2022. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. The rate environment of 2020/2021 is the biggest problem because it cleared out a vast majority of refi potential from the market. This is the past. percent from 5.33

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

JULY 1, 2022

Excerpt: What’s the difference between a newly constructed home and a hundred-year-old home? 10) Buyers have more opportunities. Also included is the median sales price in May 2022 and the percent drop from 2020 to 2022. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained at 5.62

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

AUGUST 23, 2022

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. Also, we had a supply spike in 2018, which caused builders to pause construction — and that was with rates only getting toward 5%. From Census: The seasonally?adjusted

Construction 370

Construction Housing Market Sellers Marketing 370

Housing Wire

MARCH 26, 2021

But that’s not stopping buyers from snatching up homes days after they’re listed. During a four-week period ending March 21 and covering 400 metros, 58% of homes that went under contract had an accepted offer within the first two weeks on the market.

Inventory 545

Inventory Contracts Construction Lending 545

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. In May 2020, it was $425,000.

Loan Officers 369

Loan Officers Marketing Inventory Real Estate Agent 369

DataMaster

JANUARY 15, 2021

Everyone agrees that 2020 was a highly unusual year in many ways. While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020? National Housing Prices in 2020. Housing prices in 2020 skyrocketed.

Appraisal 147

Appraisal Construction Business Real Estate 147

Simonson Real Estate

JANUARY 25, 2022

Apartment New Construction. New construction costs are reportedly up about 10% on average, or $20,000/unit more compared to 1 or 2 years ago. New Construction sales have been in the $250,000-$300,000 range. We will need to see rent growth to continue to justify new construction looking ahead. Buyers want to buy.

Marketing 131

Marketing Construction Real Estate Lending 131

Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract).

Real Estate 370

Real Estate Law Development Investors 370

Housing Wire

DECEMBER 31, 2021

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. Meanwhile, in 2020, LO turnover was the lowest in the survey’s history, at 21%, the MBA found. The second-lowest LO turnover rate was in 2003, at 31%.

Marketing 431

Marketing Law Government Mortgage 431

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. What Fannie Says About 3d Printed Homes in Announcement SEL-2023-08September 6, 20233D printed homes are an innovative building technique that brings efficiency and potential cost savings to new home construction.

Appraisal 79

Appraisal Contracts Business Construction 79

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. The only low point is new construction starts. million square feet.

Marketing 78

Marketing Real Estate Investing Retail 78

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. The big twist? A sharp increase in interest rates.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

APRIL 6, 2022

She brings years of industry experience and expertise in all aspects of the home buying & selling process as well as construction, land assessment & purchasing, negotiating contracts, and design. Since then, she has taken off running and has helped her buyers and sellers reach their goals.

Realtors 69

Realtors Realty Real Estate Agents 69

Will Springer Realtor

SEPTEMBER 8, 2021

Builders began construction on just under a million single-family homes in 2020. The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home.

Construction 36

Construction Inventory Buyers Real Estate 36

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A The root causes of buyers overpaying are similar: Using an inexperienced agent (one with less than 6 transactions in total). Get PDF Now. Table of Contents. How Is My Neighborhood Doing?

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

DECEMBER 14, 2021

Our annual forecast from late 2020 offered a bit more optimism than reality but it hasn’t stopped us from producing another look at what the year ahead may offer. Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. What will the 2022 Seattle/King County housing market offer? 2 (Freddie Mac).

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. The limited supply of homes for sale pushed prices higher despite fewer buyers in the market. Um, bye-bye!

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Lamacchia Realty

DECEMBER 28, 2021

It was the year of the frustrated buyer, particularly in the first half of the year. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Remember only one offer can win so this caused lots of disappointment for both buyers and buyer’s agents alike.

Sellers 74

Sellers Inventory Buyers Realtors 74

Will Springer Realtor

JULY 13, 2023

You are not going to get people to come back into the office to the same degree as they did before 2020. Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. The city was No.

Construction 36

Construction Supply Chain Real Estate Development 36

Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here. percent from 5.49

Construction 52

Construction Appraisal Modernization Contracts 52

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. This time last year, buyers were aggressively scooping up available homes before the predicted increase in mortgage interest rates.

Marketing 36

Marketing Buyers Inventory Sellers 36