Housing Wire

JANUARY 3, 2024

Brokerage firms are not producing goods on a factory line — there are no warehouses holding physical inventory, no retail distribution channels and really, no patentable intellectual property. Second, the residential housing market is highly seasonal, highly cyclical and as we are all keenly aware, highly volatile.

Valuation 382

Valuation Brokerage Housing Market Agents 382

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). Total housing inventory at the end of May grew to 1.23 Unsold inventory sits at a 2.5-month

Inventory 413

Inventory Buyers Realtors Housing Market 413

Housing Wire

SEPTEMBER 28, 2020

However, for the first time in more than a decade we have the demand needed to prompt builders to really push housing starts as the monthly supply data has collapsed this year. million housing starts, not anytime from 2008-2019. million housing starts, not anytime from 2008-2019. million housing starts, but we will soon.

Inventory 514

Inventory Buyers Mortgage Housing Market 514

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 512

Mortgage Inventory Real Estate Technology 512

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. ” 3 solutions to a gridlocked housing market. . ” 3 solutions to a gridlocked housing market. The Federal Housing Finance Agency also released its U.S.

Housing Market 384

Housing Market Inventory Finance Buyers 384

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.

Realtors 534

Realtors Inventory Contracts Development 534

Housing Wire

AUGUST 5, 2022

When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs! Well, I was off by two months: Today, the BLS reported that 528,000 jobs were created with positive revisions of 28,000, which gave us just enough to pass the February 2020 levels.

Development 543

Development Housing Market Marketing Business 543

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. I can understand this mindset.

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Housing Market Inventory Marketing Construction 473

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. after the initial lockdowns in 2020 before rocketing to almost 206 in June 2022. and many individual commodity prices actually fell.”

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Construction Supply Chain Transportation Buyers 447

Housing Wire

MAY 11, 2021

The San Francisco-based instant homebuyer announced a net income loss of $270 million on Tuesday, a 421 percent jump compared to the first quarter of 2020’s $62 million deficit. The Q1 2021 loss approached Opendoor’s $280 million net income loss for all of 2020. And by some secondary measurements, Opendoor is growing.

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Real Estate Agent Real Estate Brokerage Inventory 332

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.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

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 FHA loans, 10.3%

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Construction Government Inventory Mortgage 451

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.

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

Housing Wire

APRIL 22, 2021

Robbin Sutton with DASH Realty Carolina has been a broker for 20 years, and she’s never seen anything like the current housing market in the Raleigh-Durham metro. I’ve had a few couples from New York — Manhattan and Brooklyn — that come down here armed with cash, but inventory is low and there’s nothing for them.

Buyers 431

Buyers Inventory Renovations Realty 431

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. billion, up 65.5%

Mortgage 314

Mortgage Loan Officers Retail Construction 314

Housing Wire

JUNE 7, 2023

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. The HBACA noted that development of industrial and commercial buildings can continue, but homebuilders are restricted unless they find alternate water sources.

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Real Estate Transportation Development Housing Market 338

Housing Wire

MAY 10, 2021

So much so, in fact, that Harrisburg is ranked seventh on Realtor.com’ s list of housing markets positioned for the most growth in 2021 — ahead of Denver, Los Angeles, Las Vegas, San Diego and Dallas. “Our market is generally pretty good for first time buyers, but it’s so competitive.

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Buyers Real Estate Agent Real Estate Inventory 224

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. We were up year over year in inventory , but we were at a 25 year low on new listings.” 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.”

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Housing Market Marketing Inventory Construction 417

Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. Note that some of these loans in the foreclosure inventory may have been so prior to the pandemic. Exhibit 4.

Mortgage 484

Mortgage Inventory Investors Design 484

Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. 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.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

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. As a result, there’s less demand for the available inventory, creating more price adjustments.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

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. Significantly reduced housing inventory.

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Real Estate Marketing Inventory Housing Market 106

Cleveland Appraisal Blog

OCTOBER 14, 2021

Back then, as hot as that market was, I don’t remember the bidding wars that we see in today’s market, because at that time, the levels of housing supply were not nearly as low as they are today. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. And the saga continues.

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Inventory Market Value Appraisal Contracts 243

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

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. For buyers in today’s market, the severe lack of inventory adds another layer of frustration, FOMO (fear of missing out) and a sense of urgency.

Real Estate Agent 417

Real Estate Agent Real Estate Agents Marketing 417

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 430

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].

Marketing 410

Marketing Government Mortgage Sellers 410

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.

Mortgage 463

Mortgage Inventory Housing Market Construction 463

Birmingham Appraisal

FEBRUARY 6, 2024

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. In a seller’s market, where there are more buyers than available homes, prices might be higher.

Inventory 76

Inventory Real Estate Sellers Buyers 76

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 housing stock grew by an annual average rate of 1% — and only 0.7%

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Housing Market Marketing Construction Development 537

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

Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? 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 477

Housing Wire

JUNE 17, 2021

“Since reaching a survey-high 927,000 units in October 2020, the annual pace of new home sales has now fallen around 20 percent, weighed down by low housing inventory and rising prices,” said Kan. According to the data, housing starts increased 3.6% in May to a rate of 1.57

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Inventory Construction Contracts Mortgage 500

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.

Inventory 389

Inventory Renovations Supply Chain Buyers 389

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%. The peak of the housing bubble was roughly 1.4

Construction 504

Construction Housing Market Inventory Marketing 504

Hank Miller Team

JULY 7, 2022

No More Appraisal Gimmies The real estate market coming out of Covid from about fall of 2020 through spring of 2022 was an anomaly. Both the stock market and national housing market went bonkers and home buyers were right in the middle of it all. This adjustment isn't a bad thing, the market isn't likely to crash.

Appraisal 52

Appraisal Real Estate Agent Contracts Real Estate 52

Housing Wire

AUGUST 23, 2021

A notable development: After a year of extremely tight housing inventory , the housing market is showing signs of finally adding housing stock. The inventory of unsold homes rose by 7.3% However, even with the availability of more homes on the market, inventory for homebuyers is down 12% from 2020 (1.5

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Inventory Buyers Housing Market Realtors 466