DW Slater Company

FEBRUARY 13, 2024

Love in Real Estate I’m I wrote this blog – 4 Things I Love About Being a Real Estate Appraiser- 10 years ago! Mortgage interest rates dipped to historic lows around 3% in 2020 and 2021 then made big jumps in 2022, peaking at close to 8% in November of 2023. So much has changed since that time!

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Appraisal Buzz

APRIL 11, 2022

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Mortgage rates dipped to record lows in 2021, then skyrocketed in early 2022. More Second Home Purchases.

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Buyers Renovations Supply Chain Housing Market 370

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.

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Brokerage Realty Real Estate Inventory 405

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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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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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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Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted.

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Real Estate Inventory Sellers Realtors 450

Housing Wire

OCTOBER 18, 2023

Multigenerational housing gains steam to combat affordability pressures According to a recent survey conducted by OnePoll , 61% of homeowners cited multigenerational housing as their primary motivation for constructing an ADU. a garage or basement) or when modern offsite construction is used to build a new structure.

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Housing Wire

DECEMBER 19, 2023

9, 2022 , positively impacting new home sales. percent)* above the November 2022 rate of 1,427,000. percent above the November 2022 rate of 1,402,000. Housing permits declined, as the 5-unit construction boom ended, negatively impacting the permit data. economy into a recession. This is 14.8 percent (±14.0 percent (±14.6

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Housing Wire

APRIL 1, 2022

A total of 431,000 non-farm payroll jobs were added in March, and employment in the construction industry is now above its pre-pandemic level, after the industry added 19,000 jobs. If monthly gains continue at the March pace, we could return to the pre-COVID employment peak by July 2022.”. The unemployment rate dropped 0.2 a year ago.

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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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The Robert Weiler Company

APRIL 7, 2023

As we commemorate the global phenomenon, The Robert Weiler Company is excited to announce that the green movement is alive and well in the commercial real estate industry. Construction of new green buildings and green renovation or retrofit projects increase the asset value of buildings by upwards of 9%. savings over five years.

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Real Estate Construction Development Investing 109

Housing Wire

MARCH 22, 2023

The current bank crisis hit California-based Pacific Western Bank , a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. billion in the fourth quarter of 2022. Wedgewood , a real estate investment firm that focuses on distressed properties, was the seller.

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Real Estate Investors Investing Finance 370

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 362

Housing Wire

MAY 6, 2022

In addition, employment in the construction industry is now 21,000 jobs above its pre-pandemic level after the sector added 2,000 jobs. While the number of employees in construction is on the rise, annual growth in average hourly earnings of production and nonsupervisory employees in construction slowed in April from 6.1%

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Construction Transportation Real Estate Mortgage 356

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 404

The Robert Weiler Company

JANUARY 27, 2023

The Arch City is on a trajectory of commercial real estate greatness that overtakes the coasts, robbing them of their long-held Atlantic and Pacific appeal. Below, we review the industrial real estate trend for 2023, focusing on the digital technology sector. Even without the OASIS, Columbus is already an oasis of sorts.

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Real Estate Supply Chain Construction Development 148

Housing Wire

MARCH 10, 2023

Overall, the unemployment rate has shown little net movement since early 2022. in February, which was the slowest monthly increase since February 2022,” Odeta Kushi , the First American deputy chief economist, said in a statement. “In Construction job openings collapsed in January to the lowest level since October 2020.”

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D Fritz Appraisals

JUNE 28, 2022

Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%. in 2022 compared to 2021, putting homeownership further out of reach for many. Experts seem to agree that the accumulated gains from 2020-2022 are not sustainable and at some point, housing prices will fall.

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Real Estate Marketing Inventory Housing Market 105

Appraisal Buzz

DECEMBER 13, 2021

The current supply chain shortage has now been impacting the real estate industry for months. These experts will examine how real estate professionals can navigate these supply chain issues and revisit some of the points made in their June webinar, “ The Supply Chain Reaction.”

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Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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Appraisal Process Real Estate Appraisal Renovations 78

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 first, the market has to close out 2022, a year when inflation soared to a 40-year high and rapidly rising mortgage rates put the brakes on what had been a pandemic-era homebuying frenzy.

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Real Estate Marketing Buyers Sellers 78

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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Empire Appraisal Group

AUGUST 3, 2023

NEWS & MEDIA Bilanol/Getty Images Plus Source: [link] Study: Real Estate Hot in Hurricane Ian-Hit Areas By Kerry Smith Storms rarely have a long-term effect on the local real estate market. © 2023 Florida Realtors® The post Study: Real Estate Hot in Hurricane Ian-Hit Areas appeared first on Empire Appraisal Group.

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Real Estate New Listings Real Estate Agent Insurance 78

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. They wanted to know if it was okay to use a new construction sale as a comp for an older home.

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Construction Appraisal Process Appraisal Bracketing 79

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 424

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

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Marketing Construction Renovations Home Improvement 302

Will Springer Realtor

DECEMBER 14, 2021

Forecasting the direction of the economy and residential real estate is never easy, particularly in a pandemic and following a mini-recession. Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. What will the 2022 Seattle/King County housing market offer?

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Real Estate Buyers Construction Sellers 69

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. They wanted to know if it was okay to use new construction sales in an appraisal of an older home.

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Construction Appraisal Appraisal Process Bracketing 71

Housing Wire

DECEMBER 2, 2022

Employment in the construction industry was up by 20,000 jobs from October, thanks to large gains in nonresidential building (up 8,200 jobs) and residential specialty trade contractors (up 6,500 jobs). In February 2020, a combined 300,000 were employed in “ real estate credit ” and as mortgage and nonmortgage loan brokers.

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Transportation Real Estate Construction Retail 407

GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. Want to learn more?

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Real Estate Contracts Clients Real Estate Agent 78

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%.

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Buyers Real Estate Construction Finance 345

Listing Spark

SEPTEMBER 25, 2023

It’s been a wild ride for Texas real estate this year! Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. But by mid-2022, they shot up to over 6%. Here are five of the biggest change in the Texas Real Estate market.

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Real Estate Sellers New Listings Inventory 69

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.

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Development Real Estate Construction Inventory 303

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%

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Transportation Retail Housing Market Construction 429

Housing Wire

JUNE 7, 2023

“Christine is a passionate and influential leader in real estate finance and is a terrific choice to lead MBA and its members through the challenges and opportunities our industry faces,” said Matt Rocco , the 2023 MBA chairman and president of Colliers Mortgage.

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Real Estate Finance Realty Construction 316

Appraisal Buzz

JULY 12, 2021

Some of the biggest factors affecting the real estate industry are supply chain shortages – rising material prices are adding tens of thousands of dollars to the cost of a new home. There are distinct supply chains involving residential and commercial construction. It is also not restricted to residential construction.

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