Housing Wire

MAY 13, 2021

“While still strong, this sales pace remains below the 877,000-sales pace seen in the second half of 2020.”. of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. of loan applications, followed by just 15.8% of FHA loans, 10.3%

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Construction Government Inventory Mortgage 460

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 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). months in May 2020. Unsold inventory sits at a 2.5-month month supply but down from 4.6-months

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Inventory Buyers Realtors Housing Market 418

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. Eric Levin is EVP of Client Development at Model Match.

Mortgage 512

Mortgage Inventory Real Estate Technology 512

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 Technology Development Marketing 421

Housing Wire

APRIL 28, 2022

The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, from 2020 to 2021, to $13 billion. The lender’s origination volume increased 25.8%

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Mortgage Loan Officers Retail Construction 334

Housing Wire

JUNE 7, 2023

Arizona state officials announced last week that there is not enough groundwater for all of the construction that has already been approved in the Phoenix area. It’s important to note that as of 2020, 41% of Arizona’s water supply came from groundwater, 36% from the Colorado River, 18% from in-state rivers, and 5% was reclaimed water.

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Real Estate Transportation Development Housing Market 353

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 473

Housing Wire

MARCH 1, 2022

LLR is not a newcomer to mortgage technology or the overall fintech market. million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Clearly, we love that the housing market supports so many professionals and households.

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Real Estate Brokerage Real Estate Agent Technology 355

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 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 458

Housing Wire

JANUARY 13, 2023

National real estate brokerage platform Redfin reports that investor home purchases dropped more than 30% year over year in the third-quarter of 2022, which is “the largest decline since the Great Recession, aside from the second quarter of 2020,” at the height of the pandemic. trillion — down by 15% compared with 2022. “I

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Marketing Investing Investors Landlords 419

Housing Wire

MARCH 1, 2024

23, 2024, the 90-day average for single family listings in the state was 9,927, down from 14,314 single family listings in late February 2020. “It With existing inventory down, Schuler said new construction has taken on a larger role in his market. Very few new construction homes are going up in our area,” Diamond said.

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Housing Market Marketing Inventory Construction 430

Housing Wire

JUNE 29, 2021

According to the National Centers for Environmental Information, there were 22 weather and climate disasters in 2020 which cost over $1 billion. San Diego, in particular, has seen the expansion of new construction and development into the wildlands, thus exposing a greater number of homes to the susceptibility of wildfire.

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D Fritz Appraisals

JUNE 28, 2022

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? 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. Pace of Real Estate Market Steady into Spring.

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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. 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. New construction is backed up,” she said.

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Construction Supply Chain Inventory Agents 392

Housing Wire

MAY 6, 2021

Housing affordability weakened slightly during the first quarter of 2021, according to the latest report from the National Association of Home Builders and Wells Fargo Housing Opportunity Index. of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. ” . .

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Housing Market Marketing Market Value Construction 438

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 432

Housing Wire

JUNE 16, 2021

The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. According to the lobbying group, construction of long-term housing fell 5.5 between 2010 and 2020 fell 6.8 in the last decade.

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Marketing Government Mortgage Sellers 410

Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. Today, rates are even higher. percent (±15.0

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Construction Housing Market Inventory Marketing 504

Lamacchia Realty

JANUARY 14, 2022

The Chelmsford office went from 67 sales in 2020 to 208 sales in 2021 (per MLSPIN 1/1/20 – 12/31/20 vs. 1/1/21 – 12/31/21). While the housing market in 2021 had its challenges, our Chelmsford area REALTORS® proved they are here to stay! Vice President of Business Development. Jackie Louh.

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Realty Realtors Clients Agents 71

Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. I understand the lure of the housing 2008 story. In their haste, they miss the bigger picture of the housing market. Concerning the housing economics demand curve, it’s always about the net people living and working.

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Inventory Housing Market Construction Marketing 483

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand.

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Mortgage Inventory Housing Market Construction 477

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. While the market share of [single-family] BFR homes is small, it has clearly been trending higher,” the NAHB report continues. In addition, JP Morgan Chase & Co.

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Housing Market Marketing Construction Development 545

Housing Wire

FEBRUARY 24, 2022

From the National Association of Home Builders : For many years I have stressed that the most important housing data I follow is the monthly supply of new homes. It gives an idea of what to expect for housing construction. adjusted estimate of new houses for sale at the end of January was 406,000. When supply is 4.4

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Construction Housing Market Marketing Mortgage 403

Housing Wire

JUNE 16, 2021

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.

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Housing Market Development New Listings Marketing 496

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.”  It’s a 5-bed, 5.5-bath

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Contracts Buyers Housing Market Design 36

Housing Wire

JULY 28, 2021

Department of Housing and Urban Development and the U.S. The June number follows downward revisions to the May estimate and marks the lowest rate since April 2020. While lumber prices have shown some improvement in spot markets, these declines take time to translate into lower construction costs. Census Bureau.

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Supply Chain Training Construction Development 397

Housing Wire

FEBRUARY 24, 2023

New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. months and below, this is an excellent market for builders.

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Inventory Construction Housing Market Mortgage 464

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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Construction Supply Chain Inventory Housing Market 448

Houston Properties

JULY 20, 2022

She knows so much about the housing market so we felt very confident that we were in great hands!” – Dr. Jen Shroff. Developed by E.H. Established on April 15, 1923, the restrictions state: No apartment houses or duplexes in Southampton. Minimum construction costs on Rice Boulevard: $12,000 to $15,000.

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Real Estate Agent Real Estate Realtors Agents 36

Housing Wire

MARCH 16, 2022

For the first time since September 2021, homebuilder confidence in the market for newly built single-family homes has dropped below the 80-point mark, according to the National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI), which was released on Wednesday.

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Buyers Supply Chain Construction Inventory 393

Housing Wire

NOVEMBER 25, 2020

I said that housing starts would never start a year at 1.5 million until we reached the years 2020-2024. Only then would we see enough demand from the new home sales market to warrant that much construction. Census Bureau and the Department of Housing and Urban Development. If inventory breaks over 6.5

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Housing Market Inventory Construction Marketing 538

Housing Wire

DECEMBER 23, 2020

Exponential growth in any housing market data will eventually moderate. From the Census Bureau: “Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. months and above, builders tend to halt construction.

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Inventory Construction Housing Market Design 528

Housing Wire

NOVEMBER 24, 2021

months, this is an OK market for the builders. months and above, the builders will pull back on construction. family houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

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Construction Marketing Housing Market Mortgage 490

Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. It was the slowest sales pace since May 2020. With the supply of existing homes on the market still at extremely low levels, the new home market is an important source of housing supply. from March and 8.6%

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Supply Chain Construction Mortgage Development 431