Housing Wire

JULY 27, 2022

Census Bureau and the Department of Housing and Urban Development showed sales of new single-family houses reached 590,000 in June, at a seasonally adjusted annual rate, down 8.1% The MBA data indicates that, in comparison to the same week in 2021, the market index fell 63%, back to the lowest level since February 2020.

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Mortgage Retail Contracts Inventory 368

Housing Wire

FEBRUARY 22, 2022

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% The National Association of Homebuilders/Royal Building Products Remodeling Index ( RMI ) finished 2021 with a strong reading of 83. A year prior, only 25.4%

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Supply Chain Construction Inventory Housing Market 533

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. That compares with a 17.4%

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Housing Market Marketing Construction Development 544

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. You set your appointments the night before, and when you get there that morning, they might already be under contract.” year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

MAY 19, 2022

HousingWire: The current inventory shortage doesn’t seem like it will let up anytime soon. Jon Irvine: First, refinance volume has already dropped significantly from 2021 to Q1 2022. The combination of the slowing refinance market and the current inventory shortage has made fulfilling volume needs even more challenging.

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Marketing Lending Inventory Mortgage 387

Housing Wire

JUNE 23, 2021

in May to a 769,000 seasonally adjusted annual rate, according to data released Wednesday by the Department of Housing and Urban Development and the U.S. A new home sale occurs when a sales contract is signed or a deposit is accepted. Sales of newly built , single-family homes fell to the lowest pace in a year, down 5.9% Census Bureau.

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Supply Chain Construction Buyers Development 424

Housing Wire

MAY 24, 2022

Except now, we have had massive price gains in 2020, 2021 and 2022. Census Bureau and the Department of Housing and Urban Development. percent) below the 2021 estimate of 809,000. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 This is 16.6 percent (±10.4 percent (±13.7

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Housing Market Inventory Construction Marketing 388

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 393

Housing Market Marketing Supply Chain Real Estate 393

Cleveland Appraisal Blog

MARCH 30, 2021

There is a lot of demand out there, with very little inventory. 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. It may be due to inventory levels continuing to drop. They just look at the number.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Buzz

DECEMBER 27, 2021

million units , and some experts say it could reach 8 million if there were more inventory. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Thus, the FHFA will likely have to develop a set of best practices in the coming years to prevent these snags and protect you and lenders.

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Appraisal Valuation Modernization Contracts 397

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. Months of Housing Inventory Historically.

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Inventory Market Value Appraisal Contracts 243

Housing Wire

JULY 28, 2022

But they do agree on one thing: Higher interest rates will quell housing demand, which will allow inventory to rebound and, eventually, spur the return of reluctant buyers. An improvement from the 6% mark, yet it’s still significantly higher than early 2021’s 3% level. Census and the Department of Housing and Urban Development.

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Housing Market Marketing Loan Officers Buyers 299

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. increase from the May 2021 sales level of 13,955.

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Marketing Real Estate Investing Retail 78

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. Everybody has a bit of a wait-and-see mentality of, is that sufficient to move the inventory?

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Supply Chain Construction Inventory Finance 351

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Housing Wire

AUGUST 23, 2022

Census Bureau and the Department of Housing and Urban Development. percent) below the July 2021 estimate of 726,000. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 This is 12.6 percent (±16.9 percent (±10.9

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Construction Housing Market Sellers Marketing 369

Housing Wire

APRIL 20, 2022

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. The agents who spoke with RealTrends all viewed any time spent developing leads and cultivating relationships that will help them grow their client base as productive. In 2021, 6.12

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Real Estate Agent Real Estate Agents Brokerage 366

Lamacchia Realty

JUNE 18, 2021

ARE YOU A WANT-TO-BE-SELLER IN 2021? A lot of people are wondering about how the current situation impacts otherwise normal questions about inventory and when the right time would be to list. Inventory started low in 2020, and then dropped even lower in March during the stay-at-home mandates. Worried about having to move twice?

Sellers 67

Sellers Realty Buyers Realtors 67

Hank Miller Team

AUGUST 14, 2022

What if instead of the relentless, bombastic blathering emanating from the media, time was given for patterns to develop? What if we back out, let the situation develop and look for past patterns to anticipate future trends? Of course, there are significant variables but when housing data is reviewed by quarters, patterns develop.

Real Estate 40

Real Estate Marketing Contracts Inventory 40

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 This is partly due to the shortage of available housing inventory this year. Home values are increasing, so it is a smart idea to write a contract before they raise the prices.

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Contracts Home Value Design Development 36

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. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. from its series’ peak in March 2021. percent from 6.93

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Appraisal Contracts Business Construction 77

Lamacchia Realty

JUNE 10, 2022

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. This will continue throughout the year and the number of homes will continue to increase and climb above 2021, 2020, and rise to about 2019, before-COVID levels.

Marketing 62

Marketing Sellers Buyers Inventory 62

Appraisal Today

AUGUST 4, 2023

Once the site was chosen, Bercy and Chen developed a plan to break the 3,000-square-foot house into three main volumes. However, high mortgage rates and limited affordable inventory keep exerting pressure on potential homebuyers. since October 2021. The Consumer Price Index (CPI) rose by 0.2% percent from 6.87 percent from 6.90

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Appraisal Business Contracts Real Estate 71

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA).

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Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

MAY 24, 2024

Built in 2008, the luxury estate last traded hands in 2021 for $6,250,000. Finally, the vendor’s use of the photos is limited by contract, with stiff penalties for violation. Appraisal is defined as the act or process of developing an opinion of value, or the opinion of value itself. baths, 19,660 sq.ft., ® this week.

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Appraisal Contracts Mortgage Reconsideration of Value 81

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Inventory was little changed from July to August. months’ inventory, down from 1.5 Condo inventory stayed at 1.8

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Finance Inventory Construction Buyers 68

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. That’s because fewer homes are being placed under contract. Price adjustments/decreases were up across the country in May.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Will Springer Realtor

DECEMBER 14, 2021

What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years. days (November 2021). =. Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. established at the start of 2021.

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Real Estate Buyers Construction Sellers 69

Appraisal Today

SEPTEMBER 8, 2023

But that popularity did not translate into a sale, and the stately dwelling returned to the market more recently in 2021 for $35 million. The community is part of a wider development in Georgetown, Texas called Wolf Ranch. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 7.03

Appraisal 80

Appraisal Contracts Business Construction 80

Listing Spark

SEPTEMBER 25, 2023

Increasing Days on Market and Months Supply of Inventory Days on market and the months’ supply of inventory have witnessed a steady climb, indicating that homes on the market are taking longer to sell. Seize the moment to leverage the increased inventory and negotiate favorable prices. YOY) Months Supply of Inventory: 3.5

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Real Estate Sellers New Listings Inventory 69

Appraisal Today

JUNE 23, 2023

Fannie has been upfront about its interest in developing appraisal “alternatives.” With respect to volume, executives at both Fannie and Freddie have pointed out that during the crazy-volume times of 2020 and 2021, appraisers were not actually able to keep up with the transactions that were taking place in the market. percent from 6.77

Appraisal 86

Appraisal Real Estate Valuation Contracts 86

Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. months of inventory. Inventories across the county for all home types now stand at 2.2

Inventory 36

Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

JUNE 13, 2023

Today’s YoY declines underscore just how far the market has shifted from 2021 and 2022. Despite high interest rates, some hungry buyers are competing over limited inventory. months’ total inventory in the county, down from 1.4 Eastside inventories are at 1.2 Meantime, condo inventory stands at 1.6 There are 1.3

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Buyers Inventory Construction Finance 36

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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.70 The average contract interest rate for 5/1 ARMs increased to 6.52

Appraisal 71

Appraisal Design Contracts Inspection 71

Will Springer Realtor

JULY 12, 2022

Here’s what has developed so far and what to expect for the rest of the year. cost-of-living hike in Seattle/Tacoma (April 2021-April 2022) – with wages that have increased a median of only 2% over the same period and stock investments that have lost considerable value compared to last year. In December, realtor.com forecast U.S.

Housing Market 41

Housing Market Marketing Buyers Contracts 41

Appraisal Today

APRIL 21, 2023

Brand your appraisal practice Make it easier for customers to send you referrals by developing a brand that they will remember. It is the sixth redlining settlement under the DOJ’s Combatting Redlining Initiative, which was launched in October 2021. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.89

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Will Springer Realtor

SEPTEMBER 8, 2021

It is developing several single-family and multifamily communities in King and Snohomish counties. The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. That’s fair.

Construction 36

Construction Inventory Buyers Real Estate 36