Appraisal Buzz

MAY 2, 2022

These are a few ways it will affect real estate in the coming months. Construction Sites Will Stay on Schedule. After months of paperwork and organizing teams, many experts believe the allocated funding will start positively affecting the real estate market. construction sites. they won’t make a splash.

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Real Estate Supply Chain Marketing Construction 435

Housing Wire

MARCH 8, 2023

As the housing market cooled further during the fourth quarter of 2022, homebuilders also continued to pull back on single-family construction. However, growth began to slow drastically in the second quarter of 2022 as the Federal Reserve began raising interest rates to combat inflation. in Q4 2022. in Q4 2022.

Construction 378

Construction Housing Market Marketing Buyers 378

Housing Wire

NOVEMBER 29, 2023

Cutting prices is one of several mechanisms homebuilders have employed to keep buyers interested since rates began skyrocketing. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed.

Construction 364

Construction Finance Inventory Development 364

Housing Wire

MARCH 27, 2024

Listings jumped at both the state and city levels in 2021 and 2022. Herron Real Estate exploded from two listings in 2019 to 417 in 2023; Momentum Realty grew from 12 listings to 612 over the same period. DR Horton, the country’s largest homebuilder, stayed in the top 10 every year – ranking 4th in 2021 and 2022.

Brokerage 381

Brokerage Realty Real Estate Inventory 381

Housing Wire

MARCH 14, 2023

in 2022, the eighth consecutive year of growth. Latinos added a net total of 349,000 homeowner households last year, which is one of the largest single year gains over the last decade, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2022 state of Hispanic homeownership report on Tuesday.

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Real Estate Mortgage Buyers Construction 382

Housing Wire

NOVEMBER 10, 2022

With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Some of his would-be buyers are renting apartments until mortgage rates markedly improve. It could be a while. Department of Housing and Urban Development.

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Construction Supply Chain Buyers Development 406

Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. In early 2022, people were locking into 3% and 4% interest rates. The sharper focus on cost is now boosting interest in modular factory-built ADUs, which tend to be less expensive and faster to build than custom onsite construction.

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Buyers Real Estate Construction Finance 321

Housing Wire

JULY 26, 2023

An analysis of the Census Bureau ‘s Survey of Construction 2022 microdata showed that builders started building smaller, attached homes – with more stories and fewer bedrooms — than they had in previous years. Compared to pre-pandemic levels, single-family home starts in 2022 exceeded 2019’s starts by 14.3%.

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Construction Finance Buyers Housing Market 317

Housing Wire

FEBRUARY 21, 2024

Earlier this month, real estate investment management firm Pretium Partners raised $1 billion to acquire build-to-rent homes, bringing its total investment in the sector to $2.5 Sales were half that in 2023, but the commercial real estate brokerage notes that $1.5 In 2022, build-to-rent transactions totaled about $2.1

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Investors Construction Real Estate Inventory 421

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

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Mortgage Real Estate Inventory Construction 346

Housing Wire

NOVEMBER 28, 2023

The Husky Homes real estate team, led by Alison Crim, has joined Compass , the company announced on Tuesday. The team specializes in buyer and seller representation as well as new construction. In 2022, the Husky Homes team closed 121 transactions and more than $48.4 million in sales volume. It even ranked No.

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Real Estate Agent Real Estate Realty Technology 399

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.

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Construction Housing Market Inventory Buyers 440

Housing Wire

MARCH 16, 2022

The NAHB/HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. The component tracking traffic of prospective buyers, however, rose two points to 67.

Buyers 369

Buyers Supply Chain Construction Inventory 369

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We Both buyers and sellers are coming back to the market,” Fischer said. Very few new construction homes are going up in our area,” Diamond said.

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Housing Market Marketing Inventory Construction 395

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Inventory Housing Market Marketing Construction 375

Raleigh Realty

JULY 12, 2022

In fact, it’s estimated that owner-occupied real estate accounts for over a quarter of American households’ net worth. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? for homebuilding prospects and number two for overall real estate prospects.

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Real Estate Supply Chain Construction Home Value 78

Housing Wire

JANUARY 18, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% compared to 2022. Looking ahead, homebuyers who may be looking to purchase a new construction home may continue to struggle with lack of inventory in 2024, as the overall estimated number of building permits issued in 2023 was down 11.7%

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Construction Real Estate Housing Market Buyers 397

Housing Wire

FEBRUARY 3, 2023

In comparison, the job market gained an average of 401,000 jobs per month in 2022. Overall, the unemployment rate has shown little net movement since early 2022. in March 2022 to 4.5% According to the ECI, service-sector wage growth has slowed from 8% in the second quarter of 2022 to 6.9% in the fourth quarter.

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Housing Market Marketing Construction Real Estate 324

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

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Realtors Buyers Inventory Sellers 406

Housing Wire

JUNE 20, 2023

million single-family and multifamily housing units under construction in the United States, approaching the highest levels recorded in the last 50 years. According to the Census Bureau, there were 695,000 single-family units under construction in May, which was down from April and about 135,000 below the peak in May 2022.

Inventory 370

Inventory Construction Buyers Real Estate 370

Housing Wire

FEBRUARY 29, 2024

In places like San Francisco ; New York ; Seattle ; San Antonio ; Rochester, New York; and Kansas City, permits dropped by more than 30% from 2022 to 2023. This has the potential to add even more economic pressure for prospective buyers looking for homes in these parts of the country, the analysis stated.

Inventory 383

Inventory Supply Chain Construction Buyers 383

Housing Wire

SEPTEMBER 19, 2022

The NAHB/ HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. For 21% of respondents, however, “nothing” had improved.

Buyers 382

Buyers Housing Market Construction Marketing 382

Housing Wire

APRIL 27, 2022

The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. So, while cash buyers as a percent of sales have been growing, this sector is driven by mortgage buyers primarily. From Census: The median sales price of new houses sold in March 2022 was $436,700.

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Construction Buyers Housing Market Inventory 325

Housing Wire

MAY 16, 2023

May’s reading also marks the first time since July 2022 that sentiment has reached the midpoint mark of 50. While this is fueling cautious optimism among builders, they continue to face ongoing challenges to meet a growing demand for new construction. That share from 2000-2019 was a 12.7%

Construction 397

Construction Inventory Buyers Housing Market 397

Housing Wire

MARCH 16, 2023

The pace of new construction had been picking up over the past two years. In 2022, a total of 1.55 Completions have outpaced starts since July 2022 and that will likely continue to put downward pressure on the number of single-family homes under construction. year over year. and 72.0%, respectively.

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Buyers Construction Finance Housing Market 407

Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. 2022 Forecast series. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market. The new 2022 houing market environment.

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Housing Market Marketing Supply Chain Mortgage 403

Housing Wire

MARCH 8, 2023

In 2022, 2.06 million households were formed , marking the highest level of yearly household formations in the past decade, and bringing the total number of household formations from 2012 to 2022 to 15.6 This resulted in the gap between single family home construction and household formation growing to 6.5 million households.

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Housing Market Marketing Inventory Construction 421

Housing Wire

DECEMBER 16, 2021

Nevertheless, while we view the trends described below as the most likely path for the economy and mortgage market in 2022, this news highlights the elevated level of uncertainty we’ve all been living with the past few years. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

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Marketing Mortgage Supply Chain Inventory 447

Housing Wire

FEBRUARY 9, 2023

Housing affordability hit a record low in the fourth quarter of 2022, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday. The all-time high of $390,000 was set in the second quarter of 2022. In addition, Q4 also saw average mortgage rates reach a series high of 6.80%.

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Supply Chain Housing Market Marketing Mortgage 325

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

NOVEMBER 17, 2023

The more prominent homebuilders are flexing their financial muscle over smaller builders and peeling off buyers to help sell homes. This has kept construction workers employed and they have the money to spend on goods and services. percent)* below the October 2022 rate of 1,432,000. percent (±13.5 percent (±10.0 percent (±11.6

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Marketing Construction Housing Market Mortgage 440

Housing Wire

FEBRUARY 13, 2024

According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022. With multiple builders offering an array of home types and floor plans, buyers can find homes that fit their life stage.

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Buyers Design Construction Marketing 412

Housing Wire

DECEMBER 11, 2023

Ruehrwein, who became a licensed agent in 2017 after working in the new construction industry for 28 years, serves clients in Rehoboth and surrounding Massachusetts towns, as well as East Providence and the Narraganset area of Rhode Island. “My According to the release, the firm closed more than $350 million in volume in 2022. “We

Agents 384

Agents Clients Realty Advertising 384

Housing Wire

FEBRUARY 24, 2023

This marks the second consecutive month of increases and the strongest sales pace since March 2022. The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement. months in December.

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Construction Contracts Buyers Development 423

Housing Wire

SEPTEMBER 19, 2023

below the August 2022 rate of 1,505,000. On the bright side, permits for future construction recorded a 6.9% This annual increase in new starts was driven entirely by new construction activity in the South region, she noted. Single-family construction also slowed in the Midwest region in August, down 15.1% Census Bureau.

Construction 399

Construction Housing Market Buyers Inventory 399

Housing Wire

JUNE 2, 2023

since March 2022. The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month. The unemployment rate has remained between 3.4%

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Construction Real Estate Housing Market Transportation 341

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. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

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Real Estate Buyers Sellers Insurance 36