Housing Wire

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. “All-cash buyers used to be able to go in a little below list price, but now I’m seeing a lot of cash offers that are at list price or higher. .

Inspection 545

Inspection Inventory Buyers Sellers 545

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 were 65 and older as of 2020, up from 13% in 2010,” the report reads. Some young families are turning to new construction, and others are renting homes.”

Property Taxes 483

Property Taxes Insurance Construction Inventory 483

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

Mortgage 518

Mortgage Inventory Real Estate Technology 518

Housing Wire

JUNE 22, 2021

from May 2020 ($283,500). “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. Total housing inventory at the end of May grew to 1.23

Inventory 440

Inventory Buyers Realtors Housing Market 440

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. A buyer’s market in 2021? It’s not likely we’ll see a buyer’s housing market in 2021, at least according to experts.

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

JUNE 3, 2021

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. over the past month, they are still around 20 to 30 basis points higher than the record lows in late 2020, he said. Even though rates have been below 3.2%

Mortgage 328

Mortgage Inventory Construction Realtors 328

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.

Construction 372

Construction Real Estate Housing Market Transportation 372

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. The majority of the supply of homes for sale come from existing homes, not new construction.

Supply Chain 511

Supply Chain Housing Market Construction Inventory 511

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. “Buyers are still lining up a feverish pace,” Yun said.

Supply Chain 448

Supply Chain Inventory Buyers Realtors 448

Housing Wire

MAY 19, 2021

The numbers are a bit exaggerated, per Redfin Chief Economist Daryl Fairweather, due to the COVID-19 pandemic slowing homebuying and selling in April 2020 and skewing the numbers. But the fact remains, she said, that low inventory is going to keep prices high.

Inventory 481

Inventory Construction Sellers Agents 481

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.

Mortgage 542

Mortgage Construction Realtors Inventory 542

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 492

Mortgage Real Estate Agent Renovations Finance 492

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.

Sellers 482

Sellers Housing Market Marketing Buyers 482

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. Record-high demand for homes coupled with historically low inventory has driven prices up precipitously. And, a first home becomes a stepping-stone for first-time buyers to build wealth.

Housing Market 426

Housing Market Marketing Construction Insurance 426

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. Home prices accelerated yet again in March, for the 10th straight time.

Supply Chain 435

Supply Chain Inventory Buyers Construction 435

Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5

Housing Market 327

Housing Market Marketing Supply Chain Inventory 327

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? Well that was until about Mid-March of 2020 when all hell broke loose.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

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. In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”.

Marketing 534

Marketing Realty Realtors Housing Market 534

Housing Wire

FEBRUARY 8, 2022

Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. Low housing inventory. In 2020, just? Despite unprecedented demand for new housing, just 28% of sales in the last 12 months went to first-time buyers, the lowest level in the? since 2008.

Construction 370

Construction Investing Development Landlords 370

Housing Wire

JANUARY 7, 2022

The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate. Peoria, Illinois. “If

Housing Market 368

Housing Market Marketing Real Estate Agent Agents 368

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. How Many Millennial Homebuyers Were There in 2020?

Inventory 174

Inventory Buyers Construction Supply Chain 174

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. We have had over 200 lots active on the market at one time since 2019, so we are a little low on inventory.”.

Insurance 339

Insurance Realty Agents Construction 339

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.

Real Estate Agent 397

Real Estate Agent Real Estate Sellers Legal 397

Housing Wire

MAY 25, 2021

April’s new home sales are nearly double that of April 2020’s estimate of 582,000. 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.

Construction 448

Construction Development Technology Marketing 448

Housing Wire

AUGUST 3, 2022

However, as we all know, after 2020, things are just more intense. . 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. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner.

Mortgage 514

Mortgage Inventory Sellers Housing Market 514

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.

Inventory 52

Inventory Renovations Housing Market Buyers 52

Housing Wire

DECEMBER 16, 2021

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. The inventory of existing homes remains quite tight at less than 2.5 The inventory of existing homes remains quite tight at less than 2.5 What if it doesn’t?).

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

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.

Housing Market 493

Housing Market Inventory Marketing Construction 493

Housing Wire

FEBRUARY 13, 2024

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. In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It As of Feb.

Construction 402

Construction Supply Chain Inventory Agents 402

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52

Inventory 512

Inventory Housing Market Construction Marketing 512

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. How Many Millennial Homebuyers Were There in 2020?

Inventory 78

Inventory Buyers Construction Supply Chain 78

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. How Many Millennial Homebuyers Were There in 2020?

Inventory 78

Inventory Buyers Construction Supply Chain 78

D Fritz Appraisals

JUNE 28, 2022

The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Significantly reduced housing inventory. In the Victoria, BC housing market, low inventory has continued to result in record low sales numbers.

Real Estate 106

Real Estate Marketing Inventory Housing Market 106

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in November, down from a 9.2%

Marketing 435

Marketing Government Mortgage Sellers 435

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Like elsewhere in the country, Indiana has struggled with housing inventory. Very few new construction homes are going up in our area,” Diamond said.

Housing Market 445

Housing Market Marketing Inventory Construction 445

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?

Supply Chain 69

Supply Chain Home Value Inventory Construction 69