Housing Wire

APRIL 12, 2023

This was the first time the food at home index posted a decline since September 2020. Despite the slower pace of inflation, economist do not believe home buyers facing still elevated prices on top of higher mortgage rates will be out of the woods any time soon.

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Housing Wire

DECEMBER 2, 2022

In February 2020, a combined 300,000 were employed in “ real estate credit ” and as mortgage and nonmortgage loan brokers. As of October, there were roughly 385,700 people in those jobs, suggesting that the industry still has a large number of cuts to make in the coming months as the housing market slows further.

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Housing Wire

JUNE 3, 2022

Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing. A tighter labor market is a good thing, I always say; this means people with less educational backgrounds can get employed as we do have many jobs that don’t require a college education. percent, the U.S.

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Housing Wire

OCTOBER 7, 2022

Transportation and warehousing jobs falling isn’t a surprise since many companies have hired too many people in that sector. When the labor market breaks, claims tend to shoot up fast, and the job-loss recession will have started. The Federal Reserve is using the labor market as cover for its aggressive rate hike language.

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Housing Wire

DECEMBER 3, 2021

Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Feb 2020: 152,553,000 jobs Today: 148,611,000 jobs That leaves 3,942,000 jobs left to gain in the next 10 months, which is 394,200 jobs per month. away from being back to February 2020 levels.

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Housing Wire

DECEMBER 4, 2020

Private employment gains were largely driven by some of the industries hit hardest by the pandemic – with rises in transportation and warehousing (+145,000) and professional and business services (+60,000), as well as an increased demand for those in the health care sector (+104,000). census count. census count.

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Housing Wire

MAY 6, 2022

Job growth was widespread, led by gains in leisure and hospitality, in manufacturing, and in transportation and warehousing. The internals of the labor market are very healthy; job openings are over 11.5 away from being back to February 2020 levels. 9, 2020, I knew getting all the jobs back lost to COVID-19 would take some time.

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Housing Wire

MAY 3, 2024

The labor market isn’t tight anymore and that will eventually be good news for mortgage rates. Let’s look at my labor economic model that started on April 7, 2020, and see where are we today. The current state of the labor market results from a series of events, with COVID-19 being a significant catalyst.

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. 2020 was the best year in American history for personal income. So, what did they do?

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Housing Wire

NOVEMBER 28, 2022

housing market went into recession in June of this year, which I talked about a few months ago on CNBC. New and existing home sales are falling, along with housing permits and starts, as we have too many new homes for the builders to issue new permits. With all the data we now have in front of us, we can say that the U.S.

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Appraisal Today

JANUARY 27, 2023

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. One of the most quoted experts on housing markets, Jonathan Miller of real estate appraisal company Miller Samuel, won an unusually large 30-way bidding war for a Connecticut house built in 1755.”

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Appraisal Buzz

AUGUST 29, 2022

The infrastructure upgrades inside the bill could significantly impact some of the housing market’s problems. The Current Housing Crisis. In the past few years, home prices have risen to the point where we are in another housing crisis. In 2020, 30% of all households had “unaffordable” mortgage or rent payments.

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Will Springer Realtor

MAY 13, 2024

Many residents struggle to find and keep a home that they can afford, accentuated by soaring housing prices since the start of the pandemic in 2020. Researchers for Harvard University’s Joint Center for Housing Studies claim the median price for a single-family home in King and Pierce counties combined was 7.3 shy of the need.

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Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. What’s next? in the first half of 2022.

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Will Springer Realtor

MAY 9, 2023

Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%.

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Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. Estimated opening is 2026.

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Will Springer Realtor

APRIL 11, 2022

That’s what the people behind The Emerald condo did when it opened in 2020. A builder could also agree to install more bike storage or pay a fee-in-lieu to fund public parking and transportation infrastructure that serves the entire neighborhood. The spring housing market will include a trio of indicators – all rising.

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Will Springer Realtor

DECEMBER 8, 2021

GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans. This is incredibly beneficial for consumers. SCAM ALERT.

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Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. Icon is on a mission to change the way we house the homeless and others.

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Will Springer Realtor

AUGUST 9, 2022

ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. this chart shows, each time the economy slowed significantly, mortgage rates declined. Everett claimed the No.

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Will Springer Realtor

JUNE 9, 2023

Can the housing market cope with rising demand? Our state is among five out West experiencing the greatest undersupply of housing in the nation (California, Colorado, Utah and Oregon are just ahead of Washington on the list.) could potentially generate thousands of homes in areas already served by public transportation.

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Will Springer Realtor

JULY 9, 2021

Create options for multiple modes of transport – bikes, cars and transit should all be factored in. David Goldberg, chair of the Land Use & Transportation Committee of the Seattle Planning Commission, is helping to lead the city’s own 15-minute neighborhood. Promote racial and income equity. >> A whopping 3.8

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