Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6

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Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago.

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Insurance Housing Market Marketing Agents 367

Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

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Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month. year-over-year increase, further complicating things for the Fed. “For

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Construction Real Estate Housing Market Transportation 391

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints.

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Inventory Construction Housing Market Business 514

Housing Wire

FEBRUARY 15, 2024

While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 housing market for multiple reasons, Redfin said. were 65 and older as of 2020, up from 13% in 2010,” the report reads. years last year, up from 6.5

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Property Taxes Insurance Construction Inventory 487

Housing Wire

JANUARY 6, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Measuring the housing deficit. Since 2018, the housing supply deficit has been growing.

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Supply Chain Housing Market Construction Inventory 511

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., Though demand typically cools in the early winter months, CoreLogic deputy chief economist, Selma Happ, said housing once again exceeded expectations. as prices in November rose 9.5% gains seen in October.

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Inventory Housing Market Buyers Sellers 544

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of housing inventory, which is the lowest ever, the report from Keller Williams said.

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Marketing Realty Realtors Housing Market 534

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. That’s also 16 days fewer than the same period in 2020.

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Sellers Housing Market Marketing Buyers 482

Housing Wire

MARCH 25, 2021

. “During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand.

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Mortgage Construction Realtors Inventory 543

Housing Wire

MARCH 9, 2021

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, despite a virtually unaltered February, the housing market is in strong shape heading into the spring, with robust growth in purchase applications, home sales and new residential construction.

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Mortgage Government Buyers Contracts 497

Housing Wire

JUNE 22, 2021

The low amount of existing homes left on the market continued to experience overheated prices from consistent competition. The median existing-home price for all housing types in May was $350,300, up 23.6% from May 2020 ($283,500). The market’s outlook, however, is encouraging. months in May 2020.

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Inventory Buyers Realtors Housing Market 447

Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction.

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Real Estate Supply Chain Marketing Construction 435

Housing Wire

JUNE 3, 2021

However, despite fluctuating sub-3% mortgage rates, borrowers are still competing in a supply strained and overheated market. Home prices continue to accelerate while inventory remains low and new home construction cannot happen fast enough,” said Sam Khater, Freddie Mac’s chief economist. Even though rates have been below 3.2%

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Mortgage Inventory Construction Realtors 355

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. What is the impact of lumber relative to interest rates?

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Supply Chain Buyers Construction Mortgage 429

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. Inventory issues.

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Mortgage Inventory Real Estate Technology 518

Housing Wire

MAY 25, 2021

from March 2020, according to the most recent S&P CoreLogic Case-Shiller Home Price Index report. Home price data is consistent with the hypothesis that COVID-19 has encouraged potential buyers to move from urban apartments to suburban homes,” Lazzara said. ” Technology for navigating secondary market challenges.

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Supply Chain Inventory Buyers Construction 435

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. So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. real estate market is hot.

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Housing Market Marketing Inventory Real Estate 78

Housing Wire

MAY 25, 2021

Census Bureau and the Department of Housing and Urban Development. April’s new home sales are nearly double that of April 2020’s estimate of 582,000. ” Technology for navigating secondary market challenges. . ” Technology for navigating secondary market challenges.

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Construction Development Technology Marketing 448

Housing Wire

DECEMBER 28, 2021

In fact, Paradise’s housing market, though constrained by unresolved wildfire litigation and issues like proper home insurance, even has the high-demand, low inventory problems of most other U.S. In 2020, as part of its plan to exit bankruptcy , PG&E agreed to fund a $13.5 So, it’s coming along, but it’s a slow process.”.

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Insurance Realty Agents Construction 371

Housing Wire

JULY 26, 2021

They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Home buyers like my mother and father outside the U.S. If a showing is to happen, buyers must make appointments with each seller auctioneer to view those homes. An additional $6,400.

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Real Estate Agent Real Estate Sellers Legal 397

Housing Wire

MARCH 1, 2024

Both buyers and sellers are coming back to the market,” Fischer said. From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” Like elsewhere in the country, Indiana has struggled with housing inventory.

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Housing Market Marketing Inventory Construction 463

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 493

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. That is how fast things changed — a by-product of a sector where the prices of homes were getting out of control after 2020. Housing inventory. Home sales.

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Housing Market Marketing Inventory Sellers 545

Housing Wire

NOVEMBER 10, 2022

It lagged back in August 2020 when it was still down, and it’s crawling now on the CPI data. This is why I wrote about how we all need to root for housing completion data to get better so we get more supply into the marketplace. We already have more current data lines to show that the growth rate of inflation is cooling off.

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Mortgage Supply Chain Housing Market Marketing 537

Empire Appraisal Group

MARCH 14, 2024

After climbing every year between 2005 and 2020, U.S. homeowner tenure has come down a bit due to the increase in home sales during the Pandemic Housing Boom. homeowner tenure increase so much between 2005 and 2020? In 2005, the median U.S. homeowner tenure was 6.5 In 2023, the median U.S. homeowner tenure was 11.9 Why did U.S.

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Property Taxes Construction Housing Market Buyers 78

Housing Wire

AUGUST 3, 2022

However, as we all know, after 2020, things are just more intense. . The question is, can lower mortgage rates save the housing market from its recent downtrend? This is why I focused my readers on the years 2020-2024, because if home prices only grew by 23% over five years, we would be ok. housing market.

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Mortgage Inventory Sellers Housing Market 514

Housing Wire

SEPTEMBER 22, 2020

With that in mind, I would like to revisit my 2020 thoughts on the U.S. 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.

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Housing Market Marketing Construction Buyers 543

Housing Wire

DECEMBER 4, 2020

Government employment, however, fell by 86,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to the loss of jobs tied to the 2020 U.S. census count. Total low-earning job losses in the third quarter were down 9.6%

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Transportation Retail Construction Housing Market 226

DataMaster

FEBRUARY 25, 2021

That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! Let’s dig into the Millennial homebuyer history of 2020 and see what insights we can find. This presents a dilemma.

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Inventory Buyers Construction Supply Chain 174

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

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Real Estate Brokerage Real Estate Agent Technology 379

Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The latest news regarding the Omicron variant has many cautious about whether the recovery that began in the second half of 2020 and blossomed in 2021 can continue.

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Marketing Mortgage Supply Chain Inventory 482

Housing Wire

FEBRUARY 13, 2024

Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. As of Feb.

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Construction Supply Chain Inventory Agents 425

Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022. year over year, and non-residential increased 4.9%.

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Housing Market Marketing Construction Real Estate 362

Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. How 2020 is still shaping the way lenders use data.

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Housing Market Marketing Realtors Inventory 459