Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes.

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Contracts Housing Market Construction Inventory 458

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

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Housing Wire

JULY 26, 2021

months , which puts inventory right back into the range we had in the previous expansion. months and above, the builders will pull back on construction. months and above, the builders will pull back on construction. From Census: For Sale Inventory and Months’ Supply: The seasonally?

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Housing Market Marketing Inventory Construction 517

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.”

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Property Taxes Insurance Construction Inventory 466

Appraisal Buzz

JULY 20, 2021

compared with May 2020, due to a slowdown in residential home construction, the Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) shows. It’s a familiar problem: As inventory continues to shrink and demand rises, there are fewer new homes to buy.

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Housing Wire

JUNE 2, 2021

This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” Kan said. “Even though rates have been below 3.2% the previous week.

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Mortgage Contracts Inventory Construction 543

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

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Construction Renovations Government Inventory 361

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. Prices have held steady and even increased in some areas due to limited inventory. The cost approach is most relevant for new or like new construction.

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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.

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Mortgage Inventory Real Estate Technology 512

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%

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Mortgage Inventory Construction Realtors 353

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. Prices have held steady and even increased in some areas due to limited inventory. The cost approach is most relevant for new or like new construction.

Construction 72

Construction Appraisal Appraisal Process Bracketing 72

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 months in May 2020.

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Inventory Buyers Realtors Housing Market 420

Housing Wire

MAY 27, 2021

In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down.

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Mortgage Inventory Housing Market Construction 466

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. construction workers.

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Renovations Real Estate Construction Contracts 384

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. The result: a bottleneck with scores of would-be buyers in a low-inventory market. Anything below list price, regardless of the terms, just can’t compete.”

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Inspection Inventory Buyers Sellers 545

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.

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Construction Real Estate Housing Market Transportation 377

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.

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Supply Chain Housing Market Construction Inventory 500

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.

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Inventory Construction Sellers Agents 480

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.”. The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. of loan applications, followed by just 15.8%

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Construction Government Inventory Mortgage 463

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 Ada County specifically, where Boise is located, the number of homes for sale dropped from 1,697 last October to just 355 in October 2020, a 79% decline. Boise, Idaho was the No.

Marketing 533

Marketing Realty Realtors Housing Market 533

Housing Wire

FEBRUARY 24, 2022

It also surpasses by 261% Opendoor’s 2020 loss of $253 million. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020. It is now in 44 markets, compared to 23 at the end of 2020. billion in unsold real estate inventory. Zillow’s which are horrible.”. That exceeds Zillow’s $528 million loss for the year.

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Investors Real Estate Inventory Brokerage 432

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 352

Housing Market Marketing Supply Chain Inventory 352

Housing Wire

MARCH 25, 2021

Mortgage applications decreased for the third straight week on Wednesday, according to the Mortgage Bankers Association , as rising mortgage rates pushed refinance activity down to its slowest pace since September 2020. That’s a full 5% drop. Even a slight quarter turn in rates will cause many borrowers to wait out the market.

Mortgage 543

Mortgage Construction Realtors Inventory 543

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 473

Mortgage Real Estate Agent Renovations Finance 473

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.

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Inventory Housing Market Buyers Sellers 544

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 458

Sellers Housing Market Marketing Buyers 458

Housing Wire

JANUARY 4, 2021

Most major players are projecting home prices to rise, and while strong construction could put more inventory on the market, it likely won’t be enough to tip the scales in buyers’ favors. Freddie Mac projects prices to rise only 2.6% — much better than 2020’s 5.5% projected clip. . More for Real Estate Enthusiasts.

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

OCTOBER 21, 2021

Exacerbating the issue of soaring demand is an incredibly low level of inventory. “At At the moment we have about four weeks of inventory,” Mannix said. “A Inventory was already pretty low pre-pandemic, but it has just gotten worse and worse.”. After losing out on multiple properties, many buyers are turning to new construction.

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Buyers Inventory Agents Realty 378

Housing Wire

JULY 26, 2023

Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California. I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” said Sandy Williams, an eXp Realty agent in Sarasota. That comes with its own risks – in many cases, wildfires.

Insurance 367

Insurance Housing Market Marketing Supply Chain 367

Housing Wire

DECEMBER 29, 2021

economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. We started the year with many pundits saying that the U.S.

Housing Market 532

Housing Market Marketing Construction Mortgage 532

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? We can also invest in and deploy new construction technologies, like 3D printing, which could save time and reduce costs. been falling sharply ?since

Construction 370

Construction Investing Development Landlords 370

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. According to the Radian Home Price Index , home prices rose 9.2%

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Housing Market Marketing Construction Insurance 415

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. climb from 2020. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1%

Supply Chain 421

Supply Chain Inventory Buyers Realtors 421

Housing Wire

OCTOBER 21, 2020

Fratantoni pointed out that the job losses seen in 2020 have been unprecedented, even when compared to the Great Recession. Housing inventory and prices. Given the low interest rates that are driving demand, housing inventory has become a rising concern. trillion in 2020 – the closest we’ve gotten to 2003’s high of $3.81

Mortgage 408

Mortgage Inventory Housing Market Construction 408

Housing Wire

JANUARY 7, 2022

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. By the numbers, Springfield is dealing with a similar high-demand, low-inventory quandary as the rest of the country, though with lower prices.

Housing Market 375

Housing Market Marketing Real Estate Agent Agents 375

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 355

Insurance Realty Agents Construction 355

Housing Wire

MAY 6, 2022

HousingWire: Will inventory finally break the streak and be positive year over year? Logan Mohtashami: The year-over-year inventory trends will finally show some positive prints in the upcoming weeks. Higher rates are doing what they usually do, they create more days on the market, which allows inventory to grow.

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Inventory Housing Market Marketing Construction 361