Housing Wire

JUNE 17, 2021

Fannie Mae ‘s economic and strategic group mirrored a similar outlook on inflation’s transitory effects on both mortgage rates and the housing market. “With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

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Housing Wire

MAY 25, 2021

Census Bureau and the Department of Housing and Urban Development. 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. ” Technology for navigating secondary market challenges. .

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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. The lender’s origination volume increased 25.8%

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Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? Construction Sites Will Stay on Schedule. The Infrastructure Investment and Jobs Act — also known as the Bipartisan Infrastructure Bill — passed in November 2021 but will soon affect the country.

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Housing Wire

JUNE 7, 2023

Arizona state officials announced last week that there is not enough groundwater for all of the construction that has already been approved in the Phoenix area. Housing affordability will be a challenge moving forward,” Spencer Kamps, a lobbyist for the Home Builders Association of Central Arizona , told the New York Times.

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Housing Wire

MAY 14, 2024

In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending. Homeownership is used far too often as the federal piggy bank. While some criticized this announcement, CHLA applauded it.

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Housing Wire

JULY 6, 2023

trillion in mortgage originations in 2021. New-home sales are up 20% year over year as of May 2023 while sales of existing homes are down by the same level, resulting in new-home sales accounting for some 30% of total housing inventory. “As million more housing units to meet existing demand. That compares to a record $4.4

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Housing Wire

MAY 13, 2021

Housing affordability weakened slightly during the first quarter of 2021 with signs of overheated prices and bottleneck supplies snowballing into April. Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction.

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Construction Government Inventory Mortgage 462

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. He wants to see balance.

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Housing Market Inventory Marketing Construction 473

Lamacchia Realty

JANUARY 14, 2022

The Chelmsford office went from 67 sales in 2020 to 208 sales in 2021 (per MLSPIN 1/1/20 – 12/31/20 vs. 1/1/21 – 12/31/21). That is a 210% increase in sales in the first year, some of which can be attributed to the absorption of the Westford office in early 2021. Vice President of Business Development. Lamacchia Realty’s?

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Realty Realtors Clients Agents 70

Housing Wire

JUNE 22, 2021

According to the NAR, properties typically remained on the market for 17 days in May, unchanged from April and down from 26 days in May 2020. Approximately 89% of the homes sold in May 2021 were on the market for less than a month. That is of course if fewer people are expected to age in place.

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Inventory Buyers Realtors Housing Market 420

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.

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Housing Wire

MARCH 1, 2022

LLR is not a newcomer to mortgage technology or the overall fintech market. million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Clearly, we love that the housing market supports so many professionals and households.

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Real Estate Brokerage Real Estate Agent Technology 361

Housing Wire

JANUARY 8, 2021

This “patch” construct was meant to be temporary, and, under the recently passed CFPB rules , is scheduled to soon be going away. The rule still calls for the lender to “document and verify” the borrower’s ability to repay with standards that need development. Even so, it is not the entire ATR rule requirement.

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Housing Wire

MARCH 26, 2024

Then, the housing market takes off like a rocket with home values exceeding all expectations. The rate of inflation for 2021, 2022, and 2023 was 4.7%, 8.0%, and 4.1% and performing a calculation that compares the average weighted cost of this basket of goods at different points in time. respectively.

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Law Real Estate Property Taxes Marketing 431

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. Pace of Real Estate Market Steady into Spring.

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Real Estate Marketing Inventory Housing Market 105

Cleveland Appraisal Blog

OCTOBER 29, 2021

They all have done their studies and have provided their analysis of what their data reflects the total economic life of a home to be based upon its quality of construction. Therefore, for each sale, we must develop a reliable opinion of the value of its land. We’ve just developed the total economic life for one of the sales.

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2021, Freddie Mac reports. in 2022 but will drop to 4% in 2023.

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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

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].

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Marketing Government Mortgage Sellers 410

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%. In response, they stalled construction for 30 months.

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Construction Housing Market Inventory Marketing 504

DW Slater Company

JUNE 16, 2022

They had simulators that you sat in and gave you all kinds of tests to develop your defensive driving skills. Recent data from a NAR study reveals that institutional investors bought more than half of the homes sold in Tarrant County in 2021. Here is a look at the home price index in the Dallas- Fort Worth- Arlington market.

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Supply Chain Real Estate Investors Appraisal 159

Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. That is a lot of bread!

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Housing Market Marketing Reconsideration of Value Contracts 368

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. While the market share of [single-family] BFR homes is small, it has clearly been trending higher,” the NAHB report continues. In addition, JP Morgan Chase & Co.

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Housing Market Marketing Construction Development 545

Housing Wire

JANUARY 26, 2023

Census Bureau and the Department of Housing and Urban Development (HUD). While new home sales have been on an upward trend in the recent months, the rate lags behind 2021 levels. Compared to sales of 771,000 in 2021, about 644,000 new residential homes were sold in 2022 — a 16.4% decline year over year. “The

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Housing Market Buyers Construction Development 397

Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The February housing data, pre-COVID, was juicy indeed. higher than a year ago.

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Housing Market Marketing Construction Buyers 543

Appraisal Today

APRIL 5, 2024

Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs. February 2024 marked a dynamic period in the housing market, presenting opportunities and challenges for real estate appraisers. from its series’ peak in March 2021.

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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. Census Bureau and the Department of Housing and Urban Development. The only risk to that 6.2 percent (±11.9

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Mortgage Inventory Housing Market Construction 481

Housing Wire

MAY 15, 2024

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) sat at 45 in May, down 6 points from April ’s reading of 51, according to data released on Wednesday. This will further increase the cost of construction in a market that sorely needs more inventory for first-time and first-generation buyers.”

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Buyers Housing Market Insurance Construction 382

Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD) on Thursday detailed a series of actions and initiatives it has undertaken to bolster climate resiliency while supporting green housing initiatives that stem from Inflation Reduction Act funding and recently announced plans to combat the effects of extreme heat.

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Housing Wire

JUNE 16, 2021

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.

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Housing Wire

FEBRUARY 24, 2022

From the National Association of Home Builders : For many years I have stressed that the most important housing data I follow is the monthly supply of new homes. It gives an idea of what to expect for housing construction. adjusted estimate of new houses for sale at the end of January was 406,000. When supply is 4.4

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Construction Housing Market Marketing Mortgage 406

Housing Wire

FEBRUARY 24, 2023

New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. months and below, this is an excellent market for builders.

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Inventory Construction Housing Market Mortgage 470

Housing Wire

MAY 20, 2024

home construction at the onset of the pandemic. Second, homeowners have been reluctant to sell their houses due to mortgage rates, which have reached a two-decade high point. Second, homeowners have been reluctant to sell their houses due to mortgage rates, which have reached a two-decade high point. Census Bureau and the U.S.

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Construction Inventory Buyers Sellers 416

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.” 

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Contracts Buyers Housing Market Design 36

Housing Wire

APRIL 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). The backlog of new construction homes from the building boom across 2021 is working its way to the market, offering fresh listings for buyers who are facing more competition on fewer homes,” Nicole Bachaud, Zillow’s senior economist, said in a statement.

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Housing Wire

NOVEMBER 24, 2021

months, this is an OK market for the builders. months and above, the builders will pull back on construction. family houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

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Construction Marketing Housing Market Mortgage 493