Housing Wire

JUNE 17, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. Fannie Mae’s economic group said its outlook on mortgage rates will remain the same: 30-year fixed contract rate at 3% in 2021 and 3.3%

Mortgage 476

Mortgage Housing Market Contracts Construction 476

Housing Wire

FEBRUARY 3, 2023

The loan program can’t be extended, relocked or renegotiated until after the lender receives a fully executed sales contract and is only eligible for up to 30 days of extension. While rates have been on a declining trend after peaking in October, they are still higher than the 3% levels from 2021. About 71.2%

Loan Officers 347

Loan Officers Buyers Contracts Mortgage 347

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. But the MBA is expecting big things from first-time homebuyers in 2021. The group’s Mortgage Credit Availability Index remained unchanged at 124.6

Mortgage 497

Mortgage Government Buyers Contracts 497

Housing Wire

FEBRUARY 18, 2022

Homes priced between $100,000 and $250,000 were down 23% from January 2021, while sales of homes priced between $750,000 and $1 million rose 33%. Homes went under contract in just 19 days on average, down from 21 a year ago. Indeed, January saw the strongest pace of existing-home sales in a year, even though home prices increased 1.8%

Supply Chain 435

Supply Chain Inventory Buyers Contracts 435

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . million in September 2021. million units from 6.18

Mortgage 429

Mortgage Sellers Contracts Buyers 429

Housing Wire

DECEMBER 20, 2022

“The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S. 16 increased 0.85% from the prior week , but was down 64% compared to the same period in 2021. .

Mortgage 435

Mortgage Housing Market Retail Contracts 435

Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history. percent (±10.6

Contracts 543

Contracts Construction Supply Chain Marketing 543

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. months, the builders are ok with construction as long as new home sales grow.

Inventory 545

Inventory Construction Government Housing Market 545

Eyes on Housing

MAY 31, 2021

Builders and developers responding to NAHB’s Survey on Acquisition, Development & Construction (AD&C) Financing continued to report declining interest rates in the first quarter of 2021.

Development 165

Development Construction Contracts Finance 165

Eyes on Housing

FEBRUARY 17, 2022

In the fourth quarter of 2021, effective interest rates decreased on all four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C) financing.

Development 167

Development Construction Contracts Finance 167

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S. percent (±14.9

Construction 481

Construction Housing Market Inventory Buyers 481

GoForrmz

OCTOBER 26, 2022

In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. Whether you’re searching for forms for construction , property management, home services, buying, or selling, we’re here to help. We at GoFormz are dedicated to making your life easier. We know the feeling.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Appraisal Today

APRIL 5, 2024

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. Appraisers should consider the potential impact, especially in markets with significant new construction. baths, 6,263 square feet, 2.23

Appraisal 76

Appraisal Contracts Business Construction 76

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. The debt level, both current and anticipated in 2021, is worrisome. We believe the bill won’t come due in 2021 and potentially not in 2022 either.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

NOVEMBER 3, 2023

Other threats Another lawsuit filed by REX in March 2021 against the trade group and Zillow , alleges anti-trust violations related to an NAR rule, known as the no-commingling rule, that prompted Zillow to separate non-MLS listings from MLS listings on its website, including listings from REX. “He got up to 20% to 30%, as I recall.”

Real Estate 331

Real Estate Brokerage Buyers Property Management 331

Hank Miller Team

DECEMBER 17, 2021

The bump kinda sorta returned in 2021 but what happens in 2022? Right now (mid Dec 2021) we’re dragging the bottom for inventory; we're finding old shipwrecks, dead fish, plenty of garbage and a few Mafia bodies. Is new construction the answer? If you are a battered and bruised buyer from 2021, expect more of the same.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Eppraisal

NOVEMBER 30, 2021

Housing starts increased right along with home values in 2021. According to a release from census.gov on November 17, 2021, housing starts were 0.4 They will ask for a deposit to hold the lot for a few days until an appointment is made to sit down together and write the formal sales contract. percent above the October 2020 rate.

Contracts 36

Contracts Home Value Design Development 36

Simonson Real Estate

JANUARY 25, 2022

I think we can all agree that 2021 was another year of great challenge and historic change. In this article, we will share the Twin Cities apartment market data from 2021 and give insights on what to expect in 2022. Apartment New Construction. 2021 was the fifth straight year of record apartment deliveries. Rent Growth.

Marketing 131

Marketing Construction Real Estate Lending 131

Housing Wire

OCTOBER 4, 2023

The effects on each industry segment were disparate, the most recently available data for 2021 shows. Business Dynamic Statistics data reveal that 2021 was a year of major growth for homebuilders but steep contraction for landlords (called “lessors” in the BDS). loss, in 2021. That total was a 4.9%

Landlords 410

Landlords Agents Brokerage Supply Chain 410

DataMaster

JANUARY 15, 2021

Appraising in 2021. While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020? With all of this selling going on, appraising in 2021 will stay strong! Is this rate of selling sustainable for 2021?

Appraisal 147

Appraisal Construction Business Real Estate 147

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.” 

Contracts 36

Contracts Buyers Housing Market Design 36

Appraisal Today

MARCH 22, 2024

Updated Unacceptable Appraisal Practices (bias words) – the overall occurrence rate which has declined from 0.15% of appraisal reports in 2021 to just 0.03% in 2023 (see Figure 1). This definitely increased the development costs in the new construction, resulting in higher home prices. The fix here just might be a fortress-style home.

Appraisal 65

Appraisal Contracts Business Insurance 65

Appraisal Today

JANUARY 19, 2024

An example of this in real estate appraisal is the purchase and sale contract. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.75

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

Empire Appraisal Group

JANUARY 11, 2023

Existing-home sales are expected to end the year 16% down from the same time period in 2021, marking their lowest level since 2014, Yun said. NAHB: Sharp Contraction in Construction. Annual new-home sales likely will be down 17% for 2022, returning to pre-pandemic levels. Yun predicts home sales to fall by 6.8% Realtor.com®

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Eyes on Housing

OCTOBER 21, 2022

Median square foot prices (excluding record-high improved lot values) for new for-sale single-family detached (SFD) homes started in 2021 increased 19%, according to NAHB’s analysis of the latest Survey of Construction data. Median sale and contract prices per square foot of floor area went up. Read More ›

Contracts 179

Contracts Construction 179

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 385

Supply Chain Construction Inventory Finance 385

The Robert Weiler Company

NOVEMBER 9, 2022

Ohio is said to be one of 10 “Top States for Business,” according to CNBC’s 2021 real estate forecast. billion of new commercial real estate construction contracts in 2021. DSW, Bath & Body Works, Wendy’s International, Victoria’s Secret, and Intel (under construction). Express, Inc.,

Transportation 78

Transportation Real Estate Supply Chain Investing 78

Appraisal Today

DECEMBER 8, 2023

That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago. Growth in sale prices may slow in the coming months as it starts to reflect sales that went under contract as mortgage rates hit 8% in October. The average contract interest rate for 5/1 ARMs decreased to 6.58

Appraisal 66

Appraisal Real Estate Contracts Design 66

Housing Wire

OCTOBER 26, 2022

percent) below the September 2021 estimate of 732,000. The builders will pull back on construction when the supply is 6.5 When rates rose back in March, there was a considerable risk to the business model with many homes under construction. months of supply is still under construction 2.1 This is 10.9 percent (±15.2

Construction 480

Construction Inventory Contracts Buyers 480

Appraisal Today

FEBRUARY 23, 2024

I find myself scouring 2021 onward especially. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. .” The average contract interest rate for 15-year fixed-rate mortgages increased to 6.61

Appraisal 67

Appraisal Real Estate Contracts Reconsideration of Value 67

Housing Wire

JUNE 23, 2021

A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. Supply-side challenges remained a persistent issue, with the count of new homes sold that had not started construction, up 76% over the last year.

Supply Chain 471

Supply Chain Construction Buyers Development 471

Appraisal Today

NOVEMBER 3, 2023

18, 2021, and March 31, 2023, the OIG conducted an audit focusing on FHFA’s supervision of Fannie Mae’s and Freddie Mac’s use of desktop appraisals. Care was taken to move as little earth as possible during construction. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.57

Appraisal 75

Appraisal Contracts Architecture Mortgage 75

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. Housing in 2020 and 2021 benefited from rates between 2.5% – 3.75% , which gave buyers more purchasing power. percent (±8.7

Mortgage 487

Mortgage Construction Contracts Housing Market 487

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. The average contract interest rate for 5/1 ARMs increased to 6.52

Appraisal 70

Appraisal Design Contracts Inspection 70

Housing Wire

MAY 19, 2022

It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% Fannie expects a slowdown in homesales for the second and third quarters of 2022, followed by a softening in construction activity and a large deceleration in home price growth. from April 2021 , according to the U.S. from March and 8.6%

Contracts 442

Contracts Mortgage Construction Development 442

Housing Wire

JUNE 17, 2021

Overall, the MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 741,000 units in May 2021. However, construction is still facing headwinds given permits for new developments by homebuilders dropped 3%, largely because lumber and building material costs kept prices high.

Inventory 510

Inventory Construction Contracts Mortgage 510

Housing Wire

SEPTEMBER 3, 2022

From BLS: Below are the areas where the report says jobs were created, and the construction job growth data is encouraging to see. Also, we must be mindful that multifamily construction has been good this year, with rental demand still solid. The last flag raised was that the leading economic index fell for the fifth month in a row.

Contracts 493

Contracts Construction Marketing Design 493