Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. 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. Will we have a buyer’s housing market in 2021?

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

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.

Inspection 545

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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.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

OCTOBER 18, 2021

But on Monday the home listings giant called a timeout on purchasing homes through the end of 2021. Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. construction workers. billion in unsold home inventory.

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Renovations Real Estate Construction Contracts 384

Housing Wire

NOVEMBER 3, 2020

nationally by September 2021 as higher prices erode affordability. COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic. by September 2021. Despite home prices rising 6.7%

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Inventory Housing Market Construction Marketing 479

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. With the rate for a 30-year mortgage 300 basis points higher than 2021, the buyer of a median-priced home this week is facing a monthly payment that is 66% higher than the same week in 2021, Ratiu noted. Kurt Carlton, President of New Western. “The

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% 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%. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3%

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Supply Chain Inventory Buyers Contracts 410

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 370

Housing Wire

MAY 27, 2021

As rates rise, demand wanes and builders can catch up on the few months of inventory left for hungry borrowers. If new home sales don’t grow, housing construction will slow down. The falling number of homeowners in mortgage forbearance will also bring about more inventory.”.

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Mortgage Inventory Housing Market Construction 466

Housing Wire

NOVEMBER 2, 2022

“ A housing recession is here “ For home shoppers and sellers, mortgage rates have been quick to adjust higher in response to expected Fed moves, said Danielle Hale, chief economist at Realtor.com. “In million in September 2021. Tables have turned for some sellers. million units from 6.18

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Housing Wire

OCTOBER 21, 2021

In September 2021, Burlington’s median home sale price was $425,000, a 14.9% Exacerbating the issue of soaring demand is an incredibly low level of inventory. “At At the moment we have about four weeks of inventory,” Mannix said. “A A lot of my potential sellers that have been thinking about selling but aren’t quite ready to.

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Buyers Inventory Agents Realty 384

Housing Wire

MAY 13, 2021

The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. Housing affordability weakened slightly during the first quarter of 2021 with signs of overheated prices and bottleneck supplies snowballing into April.

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Construction Government Inventory Mortgage 466

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 56

Renovations Buyers Home Improvement Realty 56

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].

Marketing 410

Marketing Government Mortgage Sellers 410

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.

Inventory 522

Inventory Housing Market Construction Marketing 522

Hank Miller Team

DECEMBER 17, 2021

So what's in store for home buyers and sellers that have to make a move this spring? Buyers will again be challenged and sellers will reap the reward…until they become buyers. The Jan/Feb inventory bounce always happens; and it did in 2020 until the world stopped. The bump kinda sorta returned in 2021 but what happens in 2022?

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Buyers Supply Chain Inventory Real Estate 98

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." Home Sellers Sellers were hesitant to sell at the beginning of the Covid-19 pandemic.

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. While 2021 saw small steps toward normalcy, it by no means experienced a cool down. While 2021 saw small steps toward normalcy, it by no means experienced a cool down.

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Housing Market Marketing Inventory Real Estate 78

D Fritz Appraisals

JUNE 28, 2022

Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%. Significantly reduced housing inventory. in 2022 compared to 2021, putting homeownership further out of reach for many. In the Victoria, BC housing market, low inventory has continued to result in record low sales numbers.

Real Estate 106

Real Estate Marketing Inventory Housing Market 106

DW Slater Company

APRIL 23, 2021

Many are looking to purchase new construction and it is having a boom. Prices continue to climb and the cost of construction is rising and projected to keep rising. Because the number of buyers is so much higher than the number of sellers, it’s a crazy seller’s market. MARCH 2021. MARCH 2021.

Construction 78

Construction Housing Market Appraisal Inventory 78

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

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. Avoid 9 Costly Mistakes Sellers Make. The debt level, both current and anticipated in 2021, is worrisome. Concerned about a housing market crash?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. percent)* below the February 2021 estimate of 823,000. months and above, the builders will pull back on construction. First, total home sales should be 6.2

Mortgage 491

Mortgage Inventory Housing Market Construction 491

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Again, good news for sellers; a headache for seekers. " Housing Inventory Is Fannie Mae correct about the supply of sell-able homes in late 2021 and 2022?

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Housing Wire

FEBRUARY 24, 2023

I wouldn’t read too much into the fact that this new home sales report beat estimates, but I would say that in the future, if mortgage rates get back toward 6%, the homebuilders have creative ways to sell their homes that the existing home seller might not be inclined to do. However, this isn’t how inventory grows in America.

Inventory 485

Inventory Construction Housing Market Mortgage 485

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 must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties.

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Appraisal Contracts Business Construction 75

Housing Wire

DECEMBER 29, 2022

We only had one year of growth in the purchase application data from 2020-2021. Part of the issue is that mortgage rates moved up so fast that many sellers quit this year as well. Key thing to remember: A traditional seller is also usually a buyer. Housing inventory.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

SEPTEMBER 28, 2022

below the August 2021 estimate of 686,000. They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. The builders will pull back on construction when the supply is 6.5 months are under construction, 1.86 million level we saw in 2005. When supply is 4.4

Construction 491

Construction Sellers Inventory Housing Market 491

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s. for 2022. million in 2023.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. Back then, we had higher sales, higher inventory, and less price growth, but we had a massive credit bubble.

Inventory 540

Inventory Housing Market Mortgage Construction 540

DataMaster

JANUARY 15, 2021

It’s a seller’s market! 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!

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Appraisal Construction Business Real Estate 147

Housing Wire

JANUARY 27, 2023

This makes them much more efficient sellers than existing homeowners, who need to find another house once they sell. 291,000 homes are still under construction: 5.7 percent) below the December 2021 estimate of 839,000. percent) below the 2021 figure of 771,000. months of supply. percent (±18.5 percent (±13.2 This is 16.4

Mortgage 545

Mortgage Construction Buyers Inventory 545

Housing Wire

DECEMBER 23, 2022

It didn’t help the builders that they had a global pandemic and we still have many new homes either in construction or that haven’t been started yet. months 290,000 new homes are still under construction, about 5.5 percent) below the November 2021 estimate of 756,000. Here is the breakdown of the 8.6 percent (±22.7 percent (±13.0

Construction 370

Construction Housing Market Mortgage Sellers 370

Housing Wire

JULY 26, 2021

below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price. The median sales price of new houses sold in June 2021 was $361,800. from May 2021 and down 40.4% Compared to May 2021, applications decreased by 3%. from June 2020.

Inventory 421

Inventory Housing Market Construction Sellers 421

Housing Wire

OCTOBER 21, 2021

Year-over-year, inventory of unsold homes decreased 13% in September to 1.27 decrease from August 2021. With builder confidence increasing for the second month in a row in October and housing starts at least staying steady, inventory is expected to start increasing in the coming months. This is equivalent to 2.4

Inventory 410

Inventory Buyers Realtors Contracts 410

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

Housing Wire

MAY 24, 2022

Except now, we have had massive price gains in 2020, 2021 and 2022. I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. percent) below the 2021 estimate of 809,000.

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Housing Market Inventory Construction Marketing 397