Housing Wire

SEPTEMBER 28, 2020

This growth in demand is consistent with what I have been saying for many years – that if interest rates stayed low, good housing demographics in the years 2020 to 2024 would substantially drive up demand for housing, including new home sales, which will be the only period where we would start a year at 1.5 million a year. It is legit.

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Inventory Buyers Mortgage Housing Market 524

Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. Presented by: Fannie Mae.

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Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.

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Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.” and Austin. Presented by: Propertybase.

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Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

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Housing Wire

JULY 27, 2021

housing market is being driven in part by reaction to the COVID pandemic, as potential buyers move from urban apartments to suburban homes. Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Home prices rose 18% from May 2020 to May 2021.

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Housing Wire

FEBRUARY 8, 2022

This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 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? million homes. since 2008.

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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. 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.

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Housing Market Marketing Construction Insurance 411

Housing Wire

APRIL 8, 2021

“I think I’ve worked with more out-of-state buyers in the past 12 months than actual Utah residents,” said Caylee Bess of Bess Real Estate , located in Ogden, which sits between Salt Lake City and Logan. “The issue up here is we just can’t keep any inventory,” Fronk said.

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Housing Wire

MAY 10, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. David Doctorow : We feel for home buyers and sellers. DD: The first step is educating yourself about what’s available and possible for today’s home buyers and sellers. .

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Real Estate Agent Real Estate Agents Marketing 430

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. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? This additional inventory is sorely needed.

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Marketing Mortgage Supply Chain Inventory 458

Cleveland Appraisal Blog

OCTOBER 14, 2021

It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. Another issue that led to the housing crash of 2008, was unqualified buyers who were able to secure mortgages on homes they couldn’t really afford. Typically, when there is a shortage of inventory, with high demand, prices increase.

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Housing Wire

JANUARY 29, 2024

While Fannie Mae expects mortgage rates to drop to below 6% by the end of this year, the government-sponsored enterprise also forecasts that if there isn’t significant supply growth and buyer demographics remain strong, home prices will rise once again. How much will the inventory shortage contribute to the rise in home prices this year?

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McKissock

OCTOBER 26, 2020

That is if you’re representing the buyer, what should you look for in terms of that extra workspace? Buyers, he adds, need to watch the market carefully and be ready to pounce if a property comes on the market in a neighborhood they like. In today’s market, it’s more important than ever for agents to educate their buyers and sellers.

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Housing Wire

NOVEMBER 16, 2020

The city’s housing dynamics point to strong buyer demand, which fueled a 16.8% While about 50% of the metro area’s buyers are local, an additional 17% of buyers come from other Texas cities, like Dallas and Houston. year-over-year gain in listing prices during the week of Nov. 7,” Raitu said.

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Housing Market Real Estate Agent Marketing Real Estate 421

Birmingham Appraisal

FEBRUARY 6, 2024

In this post we’ll discuss average and median sold price, average days on the market (DOM), and months of inventory. The second graph shows average and median price trends over a shorter time period, from 2020 to the end of 2023. In my last post, I discussed statistics related to supply and demand.

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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.

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Housing Wire

FEBRUARY 1, 2023

Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. Nunziata explained that offering prospective homebuyers a $10,000 discount off the sales price of a $400,000 home, for example, will save the buyer about $60 a month on his or her mortgage payment. “So, in November, down from a 9.2%

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Housing Wire

JUNE 1, 2022

With the current cost of origination, combined with higher interest rates and low housing inventory on the horizon, the MBA reports that 2022 is likely to see about a 30% decline in overall mortgage originations, as compared to 2021. According to a 2020 study by J.D.

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Appraisal Buzz

DECEMBER 27, 2021

million units , and some experts say it could reach 8 million if there were more inventory. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Meanwhile, buyers are plucking up homes left and right. Total year-end sales volume ended at 5.64 Therein lies the problem.

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Hank Miller Team

MARCH 24, 2022

A 1 mortgage rate increase cuts home buyer affordability between 10-11. In January, Timmy had a very nice $450K home in his sights but was annoyed with the price and having to compete with other buyers. Losing both, he decided to wait for the "spring" market because he knows that prices will come down as inventory increases.

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Buyers Inventory Mortgage Marketing 40

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.

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Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. I hadn’t developed a network for mortgage lending with Realtors,” Woodward said about his work at Interfirst in Indiana.

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Mortgage Marketing Retail Lending 522

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. lower than the revised March rate, according to a joint analysis from the U.S. While homebuilders grapple with supply constraints, demand has yet to be met.

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Construction Technology Development Marketing 421

Eppraisal

MARCH 13, 2021

The real estate market is hot right now with pent-up buyer demand from 2020. According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. It's a contract with terms that both you and your buyer's broker must fulfill.

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Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would.

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Bracketing Marketing Sellers Buyers 64

Housing Wire

MAY 6, 2021

of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. “After a surprising gain for housing affordability in 2020 that was driven by historically low interest rates, housing emerged as a bright spot for the overall economy,” said NAHB Chairman Chuck Fowke.

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Housing Market Marketing Market Value Construction 438

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

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Inventory Renovations Supply Chain Buyers 401

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

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Housing Market Bracketing Marketing Sellers 65

Housing Wire

MARCH 16, 2022

The NAHB/HMI 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. The component tracking traffic of prospective buyers, however, rose two points to 67.

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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. Last year was a tough one for the Indiana real estate market. 23, 2024.

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Hank Miller Team

JULY 7, 2022

Probably not a bad question as the changes in quarter 2 of 2022 were dramatic, As the Fed fights rampant inflation, buyers are faced with dramatic rate increases and sellers with a comparative lack of activity. No More Appraisal Gimmies The real estate market coming out of Covid from about fall of 2020 through spring of 2022 was an anomaly.

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Appraisal Real Estate Agent Contracts Real Estate 52

Eppraisal

SEPTEMBER 22, 2021

The inventory of homes available are historically low as well. According to an article on Realtor.com, written by Danielle Hale, "The national inventory of active listings declined by 25.8% over last year, while the total inventory of unsold homes, including pending listings, declined by 13.8%. There weren't near as many buyers.

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Real Estate Marketing Inventory Home Value 45

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. As always, the years 2020-2024 were going to be different.

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Mortgage Inventory Housing Market Construction 477

Lamacchia Realty

JANUARY 6, 2022

The company went into the year with big goals despite the unprecedented low inventory and challenging market, particularly at the beginning of the year. Here are the final numbers of 2021: The company grew from $1,043,107,920 in sales volume in 2020 to $1,620,908,158 in 2021- a 55% increase! Vice President of Business Development.

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Realty Realtors Training Brokerage 77

Lamacchia Realty

AUGUST 3, 2021

Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.

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Bracketing Sellers Buyers Inventory 68

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.

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Construction Supply Chain Inventory Agents 392