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

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

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Buyers Inventory Agents Realty 378

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% A steady flow of new homes have hit the market this spring and summer, as homebuilders worked diligently to remedy the housing inventory shortage. This year, Miami has claimed the fifth spot, jumping all the way from ninth as recently as May 2021.

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Housing Market Marketing Inventory Construction 514

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. And don’t even think about making an offer below asking price in 2021, officials said. You won’t win the bidding war.

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Inspection Inventory Buyers Sellers 545

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

DataMaster

FEBRUARY 25, 2021

Millennial Homebuyers Rule 2021. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders.

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Inventory Buyers Construction Supply Chain 174

Housing Wire

JUNE 21, 2023

This slow growth highlights that while demand is there and rates have fallen for three consecutive weeks, activity continues to be constrained by low levels of affordable inventory. Census Bureau data on new residential construction showed that housing starts rose 21.7% On Tuesday, U.S. from April, and were up 5.7%

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Mortgage Inventory Construction Buyers 365

Housing Wire

FEBRUARY 4, 2021

With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. If buying a home is on your radar for 2021, there are still ways to do it. Are you hoping to buy a home in 2021’s hot housing market ? Will we have a buyer’s housing market in 2021?

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Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. We do not see new construction returning in a meaningful way any time soon. Mortgage rates have nearly doubled to around 6.5% in 2023. “Now

Mortgage 420

Mortgage Loan Officers Buyers Inventory 420

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. January sales fell 2.3% “While the 6.7

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Supply Chain Inventory Buyers Contracts 410

Housing Wire

DECEMBER 23, 2020

Construction continued to play catch-up also as Novembers new-home inventory rose nearly 14% to a 4.1-month Eager buyers have been snapping up available new homes, an increasing share of which have not even begun construction, at their highest pace in years. The West came in second at a 17.3%

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Housing Wire

SEPTEMBER 23, 2021

Khater said that homebuyers are soaking up all available inventory, which has improved slightly, while home-price growth is also moderating. Mortgage rates have been in a deadlock for the past two months, struggling to crest 3%, despite expectations that 2021 would bring higher levels. But that may soon change.

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Mortgage Inventory Construction Technology 450

Housing Wire

JUNE 22, 2021

“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 Unsold inventory sits at a 2.5-month

Inventory 420

Inventory Buyers Realtors Housing Market 420

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%. Since 2018, the housing supply deficit has been growing. What about existing homes?

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Supply Chain Housing Market Construction Inventory 500

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

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Housing Market Marketing Supply Chain Inventory 353

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 2021, the overall rental vacancy rate dropped to 5.8% , the lowest level since the mid-1980s. million Americans — 67% of potential first-time buyers.

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Construction Investing Development Landlords 370

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? The bump kinda sorta returned in 2021 but what happens in 2022?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

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 415

Housing Wire

JANUARY 7, 2022

The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year.

Housing Market 375

Housing Market Marketing Real Estate Agent Agents 375

DataMaster

FEBRUARY 25, 2021

Millennial Homebuyers Rule 2021 Millennials are Different Than Their Predecessors Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market!

Inventory 78

Inventory Buyers Construction Supply Chain 78

DataMaster

FEBRUARY 25, 2021

Millennial Homebuyers Rule 2021. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders.

Inventory 78

Inventory Buyers Construction Supply Chain 78

Housing Wire

MAY 25, 2021

In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. The median sale price in April 2021 was $372,400, but the average sales price was $435,400.

Construction 421

Construction Technology Development Marketing 421

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. Source: FOMC Summary of Economic Projections, December 2021. The inventory of existing homes remains quite tight at less than 2.5 trillion in 2021 to $2.6

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Marketing Mortgage Supply Chain Inventory 458

Housing Wire

DECEMBER 10, 2020

Michael Martin, broker and owner of Des Moines Realty Group , said that there has been an increase in new construction, with home price points ranging from $250,000 to $300,000, which also attracts first-time homebuyers. Housing inventory in the Des Moines housing market is tight. I haven’t had anybody so far downsize.”.

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Housing Market Marketing Realty Realtors 441

Housing Wire

DECEMBER 28, 2021

By the end of 2019, just 4,608 people called the town home, However, by early 2021, the population was already rebounding, with roughly 6,000 people living in Paradise. We have had over 200 lots active on the market at one time since 2019, so we are a little low on inventory.”. So, it’s coming along, but it’s a slow process.”.

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Insurance Realty Agents Construction 356

Housing Wire

NOVEMBER 2, 2022

million in September 2021. increase year over year compared to September 2021, when the median home price was $355,100, according to the NAR. . Buyers, on the other hand, are more in tune with higher mortgage rates and have more leverage in the market, loan originators and real estate echoed. million units from 6.18

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Mortgage Sellers Contracts Buyers 409

Housing Wire

SEPTEMBER 22, 2022

This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. One of Gelbman’s clients, who has been on the market for at least a year, was priced out in 2021 due to “overbidding.” And it’s going to get worse. million, below the 2019 range of 1.52

Mortgage 384

Mortgage Loan Officers Inventory Retail 384

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. Swimming pools and hot tubs are a hot commodity this summer and according to the team at Lamacchia Landscape Construction , they are seeing a large increase in requests from clients looking to install patios , firepits , walkways , and even basketball courts to make the most of their yards this summer.

Renovations 55

Renovations Buyers Home Improvement Realty 55

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. For now, though, the low inventory means housing starts have legs to move higher.

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Inventory Construction Government Housing Market 545

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 Market Inventory Marketing Construction 473

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in November, down from a 9.2%

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Marketing Government Mortgage Sellers 410

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. Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%. Significantly reduced housing inventory.

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Real Estate Marketing Inventory Housing Market 106

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. We had roughly 300,000 more existing home sales in 2020 than in 2019 and 800,000 more in 2021.

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Inventory Housing Market Construction Marketing 520

Eppraisal

SEPTEMBER 24, 2021

The 2021 fall real estate market is going to be different. These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." Buyer demand is very high and prices are rising at record-breaking levels. million in 2018."

Marketing 28

Marketing Supply Chain Real Estate Construction 28

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Mortgage rates dropped down to record lows that carried through much of 2021. So, it’s no wonder that a year like that left experts and new buyers guessing. While 2021 saw small steps toward normalcy, it by no means experienced a cool down.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

McKissock

JULY 27, 2021

Still, the decrease is a positive sign that new construction could begin to pick back up and relieve some of the pressure on existing inventory, which would level the playing field for both real estate agents and their clientele. The Connection Between Distribution Issues and Rising Home Costs. In May, that number was $430,600.

Real Estate Agent 79

Real Estate Agent Marketing Real Estate Agents 79

Appraisal Buzz

APRIL 11, 2022

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. Affordability remains an issue for younger buyers who haven’t yet saved enough money. 2021 to Jan.

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Buyers Renovations Supply Chain Housing Market 370