Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). Instead, expect a bumpy road on the way to a more normal housing market in 2023.” After posting a 2.5%

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Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. regions, but declined in the West, according to the National Association of Realtors. from February 2022. from February 2022.

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Contracts Realtors Home Value Housing Market 302

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). Home prices will be influenced by how much inventory is brought to market. Meanwhile, housing starts are forecast drop 5.3%

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Construction Inventory Realtors Housing Market 370

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year. Barnes said.

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Housing Wire

AUGUST 10, 2023

In June, insurance giants State Farm and Allstate pulled out of California’s home insurance marketplace, citing mounting construction costs. The actions contributed to instability in the state’s insurance markets which could have significant implications for homebuyers.

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Insurance Construction Realtors Development 370

Housing Wire

MAY 10, 2023

compared to April 2022. Lawrence Yun , the National Association of Realtors ’ chief economist, took a stronger stance during the “Residential Economic Issues and Trends Forum” at NAR’s ongoing Legislative Meeting. According to Yun, the Fed’s rate hikes have hurt regional banks and the housing market.

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Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? Nowhere in Sight | Florida Realtors. The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. Housing Market Collapse?

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Housing Wire

DECEMBER 13, 2023

Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year. Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as those rates will undoubtedly impact sales, prices and construction as well.

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Inventory Construction Mortgage Buyers 457

Housing Wire

SEPTEMBER 21, 2022

million, according to a report from the National Association of Realtors (NAR) released Wednesday. The housing sector is the most sensitive to and experiences the most immediate impacts from the Federal Reserve’s interest rate policy changes,” Lawrence Yun, NAR’s chief economist, said in a statement. month over month to 1.28

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Inventory Sellers Realtors Housing Market 370

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). In the new construction sector , NAR predicts sales to increase 4.5% year over year. year over year to 4.56

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Inventory Realtors Contracts Construction 424

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

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Mortgage Loan Officers Buyers Inventory 414

Empire Appraisal Group

OCTOBER 6, 2022

.: A Top 10 State for ‘Stable’ Housing | Florida Realtors. Realtor.com’s high-level view of housing markets – foreclosures, underwater mortgages, rising prices, etc. A revised Realtor.com 2022 forecast expects U.S. states with the most stable housing markets. © Copyright 2022 INFORMATION INC.,

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Housing Market Construction Realtors Inventory 78

Housing Wire

AUGUST 10, 2023

Additionally, economists have observed a rebound in new home sales this year, with buyers seeking to leverage new construction options and any competitive builder incentives. When rates were around 7% in late October and November of 2022, demand for housing slowed down significantly, said Bright MLS Chief Economist Lisa Sturtevant.

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Mortgage Real Estate Buyers Construction 370

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. Connie Kim: It’s been a tough year for even the top producing loan originators in 2022. After dropping from $1.2

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Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. million to 1.93

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Mortgage Loan Officers Inventory Retail 382

Housing Wire

JULY 6, 2023

Meanwhile, mortgage interest rates have hovered in the 6% to 7% range over the past six months, up more than 3 percentage points since early 2022, yet home prices have increased for several months in a row, Freddie Mac ’s chief economist, Sam Khater, points out in a recent commentary. million more housing units to meet existing demand. “The

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Inventory Renovations Real Estate Government 457

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 With existing inventory down, Schuler said new construction has taken on a larger role in his market.

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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. The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in November, down from a 9.2%

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Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ While this is up from a record low of 7,336 listings set in late April 2022, it is still well below the 29,951 listings in early May 2019, about a year prior to the onset of the COVID-19 pandemic.

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Inventory Housing Market Marketing Real Estate 405

Lamacchia Realty

JANUARY 14, 2022

While the housing market in 2021 had its challenges, our Chelmsford area REALTORS® proved they are here to stay! "I I am looking forward to all that we accomplish together in 2022.”. After months of construction on the historic building, Lamacchia held a delayed grand opening in Fall 2021. marketing ?that

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Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

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Appraisal Appraisal Process Valuation Renovations 370

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Top Ranked Realtors: Paige Martin & The Houston Properties Team. I May Need To Sell.

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Housing Wire

FEBRUARY 13, 2024

Between July 1, 2022, and July 1, 2023, Alabama’s population grew by 34,000 people, according to estimates published by the U.S. We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We New construction is backed up,” she said. We’ve got beaches.

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Housing Wire

MARCH 1, 2022

As operators in an industry that ebbs and flows on economic conditions, demographics trends and, dare I say, the current mood of the Federal Reserve, these technology innovators are bringing efficiency and elasticity to the market. Clearly, we love that the housing market supports so many professionals and households.

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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. Some housing markets may see an uptick in homebuying activity at the beginning of the year, especially if mortgage rates continue receding from a recent high of 7%.

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McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns.

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Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. 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. . Department of Housing and Urban Development.

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Construction Supply Chain Buyers Development 450

Housing Wire

APRIL 28, 2022

For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. by the fourth quarter, resulting in a 2022 mortgage rate average of 4.9%. The average mortgage rate should jump to 5.4%

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Housing Market Marketing Contracts Mortgage 326

Empire Appraisal Group

SEPTEMBER 22, 2022

housing market, some street and neighborhood names are sweeter than others in terms of being associated with expensive homes. Cinch Home Services, a home warranty seller, constructed a list of neighborhood and street names that are host to the most expensive homes in the country. © Copyright 2022 Jackson Progress-Argus.

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Home Value Real Estate Brokerage Construction 78

Empire Appraisal Group

AUGUST 3, 2023

Hurricanes present unique housing market events. Their immediate impact on the local real estate market is harsh, but investors often rush in and the number of real estate transactions bounces back and often increases. Florida has doled out 80,000 residential building permits so far this year–more than any other state but Texas.

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Real Estate New Listings Real Estate Agent Insurance 78

Empire Appraisal Group

JULY 6, 2022

Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s s rising demand and lack of construction will probably offset a potential cooldown. With higher interest rates, that near-stagnant growth is something Johnson said could dramatically cool – if not topple – the housing market in some areas.

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Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). million in June 2022. from the record-high of $413,800 in June 2022. Total housing inventory recorded at the end of June was 1.08

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Inventory Buyers Construction Realtors 369

Lamacchia Realty

APRIL 6, 2022

has released their “Top Producing REALTORS®,” for March 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Most recently, Shauna was named in the Boston Agent Magazine’s Who’s Who 2022 edition !

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Realtors Realty Real Estate Agents 69

Eppraisal

DECEMBER 14, 2021

The increase will amount to a positive difference of nearly eight percent by the end of 2022. Home Buyer Profiles The number of first-time home buyers is growing substantially , according to the National Association of Realtors. Yet Fannie Mae sees no housing market damper on the horizon despite these higher rates.

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Real Estate Supply Chain Marketing Inventory 67

Houston Properties

JULY 20, 2022

She knows so much about the housing market so we felt very confident that we were in great hands!” – Dr. Jen Shroff. The Best Houston Realtor to Sell Your Home. Established on April 15, 1923, the restrictions state: No apartment houses or duplexes in Southampton. The Best Houston Realtor to Sell Your Home.

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Real Estate Agent Real Estate Realtors Agents 36

Housing Wire

MARCH 6, 2024

Following are excerpts of statements on housing conditions from the Federal Reserve districts, drawn from the newly released Beige Book. Boston: Residential Realtors expressed growing optimism as both property listings and pending home sales increased. Most expect their pipeline of contracts to keep construction busy through the year.

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Mortgage Real Estate Inventory Construction 414

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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