DataMaster

JANUARY 15, 2021

Appraising in 2021. The real estate market defied expectations and flourished when many other industries struggled. 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?

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Appraisal Construction Business Real Estate 147

GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. We know the feeling.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

FEBRUARY 22, 2022

homebuilder, housing starts, lumber, builders, builder confidence, construction. Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. In December 2021, 34.1% of homes for sale were new construction. Nate Noel’s problem isn’t a lack of work.

Supply Chain 533

Supply Chain Construction Inventory Housing Market 533

Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. in 2021, Freddie Mac reports. trillion in 2021,” the agency’s quarterly forecast states. Freddie Mac projects that home-price growth will average 12.8% trillion in 2022 and $2.3

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

JANUARY 19, 2023

compared to 2021, according to a report released Thursday by U.S. Housing starts fell again in December, but there are hopeful signs that builders will see a boost in buyer traffic in the coming months and new housing construction may have bottomed,” Lisa Sturtevant, BrightMLS’ chief economist, said in a statement. from December 2021.

Inventory 375

Inventory Construction Development Housing Market 375

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co.

Housing Market 544

Housing Market Marketing Construction Development 544

Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. Especially when contract interest rates for refis are below 3%.

Mortgage 506

Mortgage Contracts Construction Inventory 506

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

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Construction Inventory Contracts Buyers 433

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). 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.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

AUGUST 23, 2022

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. percent) below the July 2021 estimate of 726,000. This time, we have less production of homes and more multifamily construction. This is 12.6 percent (±16.9

Construction 369

Construction Housing Market Sellers Marketing 369

Listing Spark

SEPTEMBER 25, 2023

It’s been a wild ride for Texas real estate this year! Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. Here are five of the biggest change in the Texas Real Estate market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. Judge Stephen R. Bough of U.S.

Real Estate 287

Real Estate Brokerage Buyers Property Management 287

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.

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Supply Chain Construction Buyers Development 424

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 490

Inventory Construction Contracts Mortgage 490

Housing Wire

JUNE 21, 2021

You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” Knoxville-based builders, however, seem optimistic, according to local real estate agents. It’s like a horse race.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

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 385

Mortgage Sellers Contracts Buyers 385

Housing Wire

MAY 19, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% from April 2021 , according to the U.S. percentage points lower than its previous forecast. in the first quarter.

Contracts 393

Contracts Mortgage Construction Development 393

Housing Wire

JUNE 19, 2023

Adding to the issue are concerns raised by educators regarding their working conditions including pay, a lack of support, inflexibility in instruction requirements, lack of multi-year contracts and large classroom sizes according to the Florida Education Association. It closed in December 2021 due to low enrollment.

Development 320

Development Market Value Contracts Construction 320

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. New contracts dipped as affordability is out of reach for so many. There are 348,000 single-family homes in contract right now, with only 54,000 new contracts pending in the last week. housing market now.

Contracts 358

Contracts Inventory Housing Market Buyers 358

The Robert Weiler Company

MAY 14, 2021

It is a group of increasingly vibrant – “and growing” – individuals with many estate planning appraisal and real estate planning needs for multiple properties. How Are Real Estate Appraisals Related to Estate Planning? During the probate process, the valuation of the estate is performed at the time of death.

Real Estate 133

Real Estate Appraisal Legal Valuation 133

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year. trillion in 2021. trillion compared to $2.75

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. While the NAR denies any wrongdoing, the proposed settlement promises significant changes in how business is conducted in the real estate market.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

OCTOBER 18, 2021

Sentiment among homebuilders for newly build single-family homes rose four points in October to 80, the index’s highest reading since July 2021. This will spur more construction and help ease upward pressure on home prices.”. NAHB attributes this increase to strong consumer demand for homes. Treasuries and mortgage-backed debt.

Supply Chain 515

Supply Chain Inventory Buyers Housing Market 515

Housing Wire

OCTOBER 21, 2021

The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. decrease from August 2021. Existing-home sales rose 7.0% in September after waning in August, according to a new report National Association of Realtors released Thursday.

Inventory 398

Inventory Buyers Realtors Contracts 398

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 323

Loan Officers Buyers Contracts Mortgage 323

Appraisal Buzz

JUNE 20, 2022

The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. Borrowers, sellers, and real estate agents are seeking to lay blame for failed real estate transactions and often target the appraiser as the villain.

Appraisal 417

Appraisal Modernization Property Appraisal Real Property 417

Appraisal Buzz

AUGUST 29, 2022

A significant indirect influence comes with the infrastructure bill signed into law in November 2021. Home prices continued to rise by over 20% between the spring of 2021 and the spring of 2022. Construction has failed to keep up with the demand of households, especially with the increase during the COVID-19 pandemic.

Transportation 370

Transportation Law Investing Investors 370

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. Welcome to our sixth annual look back at the year that was and to predictions and projections for the coming 12 months in real estate for Seattle/King County and beyond. Buyers and sellers tiptoed through caution.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

DECEMBER 14, 2021

Forecasting the direction of the economy and residential real estate is never easy, particularly in a pandemic and following a mini-recession. Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. days (November 2021). =. 2 (Freddie Mac). By the Numbers.

Real Estate 69

Real Estate Buyers Construction Sellers 69

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 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

FEBRUARY 25, 2021

All four areas saw contract transactions increase from a year-over-year standpoint. Realtor.com’s Housing Market Recovery Index showed yet another month of significant contract growth, especially in Austin, San Antonio, Denver and Sacramento. million in 2021, which would be a 15% increase over the 5.64 Presented by: Fannie Mae.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

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. Boyd: Labor is a real problem and it is creating other problems for builders.

Supply Chain 351

Supply Chain Construction Inventory Finance 351

Housing Wire

JANUARY 13, 2023

National real estate brokerage platform Redfin reports that investor home purchases dropped more than 30% year over year in the third-quarter of 2022, which is “the largest decline since the Great Recession, aside from the second quarter of 2020,” at the height of the pandemic. And 2022 was off by some 17% from 2021.

Marketing 396

Marketing Investing Investors Landlords 396

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 464

Contracts Construction Marketing Design 464

Housing Wire

MARCH 26, 2021

During a four-week period ending March 21 and covering 400 metros, 58% of homes that went under contract had an accepted offer within the first two weeks on the market. But that’s not stopping buyers from snatching up homes days after they’re listed.

Inventory 545

Inventory Contracts Construction Lending 545

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

FEBRUARY 23, 2021

Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. Of course, this is all fantastic news for anyone looking to sell their home in 2021. December 2020’s 10.4%

Inventory 424

Inventory Finance Contracts Construction 424