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 432

Housing Wire

OCTOBER 26, 2023

Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Compared to 2022, NAR expects the sale of new homes to grow by 4.5% For those new construction units, the national median new home price is projected to drop by 5.9% between 2022 and 2023, settling at 1.39 in 2024, to $445,800.

Inventory 410

Inventory Contracts Housing Market Realtors 410

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%

Construction 384

Construction Real Estate Housing Market Transportation 384

Housing Wire

SEPTEMBER 27, 2023

After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. Fueling this increase is new construction, according to Divounguy, even though the 1.3% A steady flow of new homes have hit the market this spring and summer, as homebuilders worked diligently to remedy the housing inventory shortage.

Housing Market 515

Housing Market Marketing Inventory Construction 515

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. Pace of Real Estate Market Steady into Spring. Higher disposable household income .

Real Estate 106

Real Estate Marketing Inventory Housing Market 106

Housing Wire

MARCH 8, 2024

The national unemployment rate ticked up for the first time in four months to 3.9%, its highest level since January 2022, but still below the full employment rate of 4%. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. The number of unemployed Americans also rose to 6.5 and were up 4.3%

Transportation 450

Transportation Retail Housing Market Construction 450

Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. below its June 2022 peak.” increase in home prices in the first quarter of 2023 from the first quarter in 2022. House prices were up 0.5%

Mortgage 410

Mortgage Inventory Construction New Listings 410

Housing Wire

JULY 25, 2023

New home sales among the “50 Top-Selling Master-Planned Communities” increased by 7% in the first half of 2023 compared to the same period in 2022, according to a study by RCLCO Real Estate Consulting. It was the same exact number of sales as recorded at this time in 2022.

Development 367

Development Real Estate Construction Inventory 367

Housing Wire

AUGUST 4, 2023

Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. since March 2022. Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. In June, job openings eased back to 9.6

Marketing 367

Marketing Construction Renovations Home Improvement 367

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year. percentage points, the fastest pace of hikes in four decades.

Inventory 466

Inventory Construction Mortgage Buyers 466

Housing Wire

JULY 18, 2023

This is the index’s highest reading since June 2022. The NAHB attributes the continued rise in builder confidence to low existing home inventory. With shelter inflation accounting for 40% of the Consumer Price Index , the NAHB says the best way to combat this is to build additional for-rent and for-sale housing.

Inventory 370

Inventory Construction Buyers Housing Market 370

Housing Wire

JANUARY 6, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. What about existing homes?

Supply Chain 500

Supply Chain Housing Market Construction Inventory 500

Housing Wire

JULY 26, 2023

It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. compared to June 2022. At the current sales pace this inventory represents 7.4 At the current sales pace this inventory represents 7.4 from a month prior, but down 3.6%

Housing Market 370

Housing Market Marketing Construction Inventory 370

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. 2022 to Dec.

Tools 421

Tools Inventory Sellers Buyers 421

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. In the new construction sector , NAR predicts sales to increase 4.5% year over year. year over year to 4.56

Inventory 432

Inventory Realtors Contracts Construction 432

Housing Wire

NOVEMBER 5, 2021

This week’s HW+ member spotlight features Rich DeNicola, chief operating officer at Realogy Expansion Brands , which includes Better Homes and Gardens Real Estate and ERA. Rich DeNicola: My favorite HW+ article is the Real Trends Brokerage Compensation Report. To become an HW+ member, click here.

Real Estate 370

Real Estate Brokerage Construction Business 370

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.

Inventory 68

Inventory Construction Real Estate Renovations 68

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

AUGUST 3, 2023

Some economists say that this development contributed to drive up the 10-year treasury yield to its highest level since November 2022. Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.” Scarce inventory leads to a modest pace of sales for existing homes.

Mortgage 370

Mortgage Inventory Government Buyers 370

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. Prices have held steady and even increased in some areas due to limited inventory. The market dynamics have changed namely interest rates.

Construction 79

Construction Appraisal Process Appraisal Bracketing 79

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. Prices have held steady and even increased in some areas due to limited inventory. The market dynamics have changed namely interest rates.

Construction 71

Construction Appraisal Appraisal Process Bracketing 71

Housing Wire

SEPTEMBER 22, 2022

trillion in 2022. Homebuilders may have been reluctant to do so until recently as supply chain bottlenecks and labor shortages have resulted in an elevated share of homes for sale still being under construction compared to the historical norm,” according to the report by the ESR Group. trillion in 2023, according to Fannie Mae.

Housing Market 410

Housing Market Supply Chain Marketing Inventory 410

Housing Wire

APRIL 19, 2023

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. That vision is still under construction, so to speak. Now those numbers are more like 8% or 9%.

Buyers 384

Buyers Real Estate Construction Finance 384

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.

Renovations 410

Renovations Realtors Construction Mortgage 410

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. “We do not see new construction returning in a meaningful way any time soon.

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

Housing Wire

JULY 27, 2023

Home prices will be influenced by how much inventory is brought to market. Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” On the flip side, newly constructed home sales are forecast to increase 12.3% from 2022 to 2023, to 1.47

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

MARCH 1, 2022

The company says it will use the funding to scale its operations, accelerate its research and development and expand construction into new markets. Through this building process, Veev says it can build homes up to four times faster than standard construction industry standards, which in turn can bring down costs significantly.

Construction 397

Construction Development Design Inspection 397

Hank Miller Team

NOVEMBER 8, 2021

Trying to predict any market; stock, bond, mortgage, real estate or other type is a measured guess at best. But in this maelstrom comes a confident 2022 housing market forecast from Goldman Sachs; they predict home prices will appreciate 16 during 2022. The expectation is that the pace of new construction will pick up.

Supply Chain 98

Supply Chain Inventory Housing Market Government 98

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. A few caveats; everything real estate is hyper local. And with that….

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

MARCH 29, 2023

from February 2022. Although inventory has increased from February of last year, the number of homes available for sale is just half of what it was three years ago. Existing-home sales , pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” in February, a 28.4%

Contracts 306

Contracts Realtors Home Value Housing Market 306

Housing Wire

JUNE 23, 2023

On Monday, homebuilder confidence moved into positive territory for the first time in nearly a year, while Census data on new residential construction showed housing starts rose 21.7% from May 2022, to 1.63 Both metrics are considerably better than May 2022. from April, and up 5.7%

Supply Chain 384

Supply Chain Construction Buyers Mortgage 384

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. In combination with low housing inventory and labor shortages, that drove up selling prices. Here are a few housing market predictions for 2022 to help you prepare for the market’s future. real estate market is hot.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Raleigh Realty

FEBRUARY 19, 2022

and in order to answer that question, you need to understand how Real Estate Agents make money. If you could go back to your first year as a Real Estate Agent, what advice would you give yourself? One of the first questions new Realtors have for me is always 'how much money will I make in my first year?'

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Eppraisal

DECEMBER 14, 2021

The recent trends in real estate in the United States have delighted some people and frustrated others. High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Yet if history demonstrates anything, it reveals the cyclical nature of the real estate market.

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Housing Wire

SEPTEMBER 21, 2022

In August, NAR found that the inventory of existing homes dropped 1.5% Inventory will remain tight in the coming months and even for the next couple of years,” Yun said. According to FHFA data, 85% of mortgage borrowers in the first quarter of 2022 had an interest rate less than or equal to 5%. month over month to 1.28

Inventory 370

Inventory Sellers Realtors Housing Market 370

Housing Wire

FEBRUARY 8, 2022

Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. Low housing inventory. At the beginning of 2022, active home sale listings fell below 500,000 for the first time. Many of these households include older adults and children. been falling sharply

Construction 370

Construction Investing Development Landlords 370

Hank Miller Team

NOVEMBER 15, 2022

As we enter the final weeks of 2022, the national real estate market is catching its breath. Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. Atlanta Housing Inventory Everything must be kept in context. Some markets remain in flux, others have started to level off already.

Inventory 52

Inventory Renovations Housing Market Buyers 52