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Mortgage market affordability and inventory challenges

Housing Wire

2022 State of the Mortgage Industry: Affordability and Inventory. It was no surprise that affordability hit the top of the list in every interview. In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings.

Inventory 392
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Real Estate Market Trends for 2023 – Real Estate Real Fast EP11

Listing Spark

In this episode of Real Estate Real Fast, Aaron Jistel discussed the market trends of 2022 and 2023. Listen to the full episode to learn more about factors impacting the real estate market in 2022, forecasting trends for 2023 real estate market, strategies for investing in the current real estate market, and more. Episode Overview.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. and another 10% boost in 2022. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

In 2022, the index fell off the cliff: Homeownership remains a great way to build wealth, especially for the middle class and people of color, who may have few investments. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”).

Buyers 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year.

HOA 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. Read a more detailed assessment of the King County area housing market in my most recent blog post: King County Housing Market Stumbles to 2022 Finish Line.

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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. The first makes permanent a pandemic-related policy that exempts affordable housing from the design review process. . = Zoning laws in the U.S. Various times.

Law 36