Housing Wire

DECEMBER 30, 2022

In this series of interviews, we focus on the people who are shaping the state of housing at the top — the policy and regulation experts. The FHFA and the GSEs are essential to painting the picture of today’s housing market and industry trends. HW: As a 2022 Vanguard honoree, what has been your proudest accomplishment?

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Housing Wire

MAY 3, 2024

We are getting closer to having a single handle on this data, which, when coming from an elevated level, means any Fed member talking about a tight labor market is smoking some good stuff. I wrote that we should get back all the jobs lost to COVID-19 by September 2022. percent, the U.S. Bureau of Labor Statistics reported today.

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Housing Wire

AUGUST 25, 2023

prices — among them is the housing market, Powell said Friday morning during an economic policy symposium in Jackson Hole, Wyoming. “In addition, after decelerating sharply over the past 18 months, the housing sector is showing signs of picking back up. on a 12-month basis in February 2022 and declined gradually to 4.3%

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Housing Wire

JUNE 2, 2023

since March 2022. Even though the pace of layoffs has picked up, many businesses, particularly in transportation, healthcare, and hospitality, continue to have strong demand for workers,” Mike Fratantoni , the Mortgage Bankers Association’s chief economist, said in a statement. “The The unemployment rate has remained between 3.4%

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Appraisal Buzz

AUGUST 29, 2022

The infrastructure upgrades inside the bill could significantly impact some of the housing market’s problems. The Current Housing Crisis. In the past few years, home prices have risen to the point where we are in another housing crisis. This was due to an all-time housing shortage. Appraisals.

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Housing Wire

JANUARY 5, 2024

We should get back all the jobs lost to COVID-19 by September of 2022. Employment continued growing in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. Don’t make the same mistake so many Wall Street people did in 2022-2023 by thinking a slowing down is a job loss recession.

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Housing Wire

MARCH 8, 2024

Currently, the jobs openings, quit percentage and hires data are below pre-COVID-19 levels, which means the labor market isn’t as tight as it once was, and this is why the employment cost index has been slowing data to move along the quits percentage. I wrote that we should get back all the jobs lost to COVID-19 by September of 2022.

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Housing Wire

DECEMBER 2, 2022

As of October, there were roughly 385,700 people in those jobs, suggesting that the industry still has a large number of cuts to make in the coming months as the housing market slows further. The latest JOLTS report suggests that the labor market supply-demand imbalance may be easing, albeit slowly. million in March 2022 to 10.3

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Housing Wire

MARCH 10, 2023

What a week this has been for the housing market , from the fireworks of Fed Chair Jay Powell’s Congressional testimony to an attempt to break over a critical line on the 10-year yield. Employment declined in information and in transportation and warehousing. Let’s look at each of these, one at a time.

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Housing Wire

NOVEMBER 28, 2022

did not go into a recession at the start of 2022. housing market went into recession in June of this year, which I talked about a few months ago on CNBC. New and existing home sales are falling, along with housing permits and starts, as we have too many new homes for the builders to issue new permits.

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Housing Wire

JUNE 3, 2022

Some Americans believed we entered a recession at the start of 2022; however, the jobs report for May came in at 390,000, dashing any hopes that this was the case and starting their weekend on a foul note. Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing.

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Housing Wire

DECEMBER 2, 2022

The labor market has been one of the two pillars they’re standing on for their aggressive rate hikes in 2022, so let’s look at the job data today. Employment declined in retail trade and transportation, and warehousing. Now it appears that a 5% fed funds rate is where they want to go. We shall see. percent, the U.S.

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Housing Wire

APRIL 12, 2023

compared to March 2022. Higher mortgage rates have slowed demand by pricing some would-be buyers out of the market,” Sturtevant said. Although home prices have fallen in some housing markets , the year-over-year price declines have generally been modest and affordability is a growing challenge, both on the ownership and rental side.”

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Housing Wire

SEPTEMBER 1, 2023

Employment in transportation and warehousing declined. Wage growth has been slowing down since January of 2022. From BLS : Total nonfarm payroll employment increased by 187,000 in August, and the unemployment rate rose to 3.8 percent, the U.S. Bureau of Labor Statistics reported today.

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Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? As energy efficiency becomes a more visible data point, it’s likely that this will become a marketing point for eco-conscious renters and buyers. Secondary Real Estate Markets On the Rise. Inflation peaked at 7.9%

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Cleveland Appraisal Blog

JANUARY 19, 2023

Likewise, buyers who are looking for homes that are not electrified usually do not utilize more conventional forms of transportation such as automobiles. Most buyers interested in a home that has not been electrified also rely on horse and buggy as a common form of transportation.

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Housing Wire

MAY 6, 2022

string of positive job revisions we’ve seen this year ended with a negative 39,000 print; however, the job report was solid and continued the trend of good reports in 2022. The unemployment rate is at 3.6%, and we are getting closer and closer to my forecast of getting all the jobs lost to COVID-19 by September of 2022.

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Housing Wire

JUNE 2, 2023

Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance. The fear of 1970s-style inflation was that wages could grow out of control in a tight labor market. In theory, 2022 and 2023 are tight labor markets and wage growth is slowing down.

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Housing Wire

DECEMBER 3, 2021

My premise is that we should get all the jobs lost to COVID-19 by September of 2022 or earlier. Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. With 10 months left until the end of September 2022, let’s see how much progress we need.

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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. We believe the bill won’t come due in 2021 and potentially not in 2022 either.

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Cleveland Appraisal Blog

OCTOBER 8, 2022

You’ll find food, utilities, transportation, and housing are all affordable. Mortgage Rates Impacting Housing – September Newsletter – DW Slater Appraisal Blog. Who is buying in today’s housing market? NAR Appraisal Survey 2022 – APPRAISAL TODAY. Are Listings Important?

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Appraisal Today

JANUARY 27, 2023

One of the most quoted experts on housing markets, Jonathan Miller of real estate appraisal company Miller Samuel, won an unusually large 30-way bidding war for a Connecticut house built in 1755.” Most buyers interested in a home that has not been electrified also rely on horse and buggy as a common form of transportation.

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D Fritz Appraisals

NOVEMBER 17, 2021

Victoria’s Missing Middle Housing Initiative. As Canada’s housing market continues to hit record levels, young Victoria families are facing the decision to stay in condominiums and apartments or move elsewhere to be able to purchase a single-family home or townhouse with yard space.

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Assurance Financial

MAY 10, 2022

During home shopping, most homebuyers want to know whether the current housing market is a seller’s market or a buyer’s market, along with how to get a good deal in a seller’s market. Buyer’s vs. Seller’s Market. These terms mean that the market either favors buyers or sellers.

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Will Springer Realtor

MAY 13, 2024

Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. Data experts mapped out this cohort’s gradual decline – from about 32M in 2022 to 23M in 2035, or approximately 9.2M likely freeing up a bundle of housing supply. But for how long?

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Will Springer Realtor

JUNE 9, 2023

Our region had a net gain of 17,750 people in the 12 months ending July 1, 2022. city and it comes only a year after our market experienced a net loss of about 4300 people. While I’m all for a growing and diverse melting pot in our region, it’s quite apparent we need a bigger “pot” in the form of more housing. Census data.)

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Raleigh Realty

MAY 21, 2021

Recently announced, Amazon will be building a 620,000 square foot warehouse and distribution center in Smithfield by 2022. increase in housing, transportation, and food prices since last year due to its rise in growth. Still remaining less expensive than nearby cities, the housing market has seen a 12.2

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Real Quantum

FEBRUARY 24, 2021

Housing markets across the country remained surprisingly stable, with more people purchasing homes to keep up with the need for conducive work-from-home arrangements. Bloomberg reports that many commercial properties won’t be able to bounce back until 2022 — particularly, hotels, offices, and retail properties. Start networking.

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Will Springer Realtor

DECEMBER 13, 2022

The bloom came off the financial rose in 2022, leaving behind thorny issues as we enter an uneasy new year for residential real estate across Puget Sound. By all measures, our region (and the rest of the country for that matter) experienced one of the worst six months (June-November) any housing market has seen in at least a decade.

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Will Springer Realtor

DECEMBER 12, 2023

I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. To a happy 2024! =

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Will Springer Realtor

DECEMBER 8, 2021

Analysts believe items that are now in shorter supply – major appliances, computer chips and specialty goods, to name a few – will return to shelves and front porches by the end of 2022 as the pandemic (hopefully) ebbs. Economists forecast housing starts will rise a promising 5% in 2022. construction jobs in the U.S.,

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Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. Estimated opening is 2026.

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Will Springer Realtor

APRIL 11, 2022

A builder could also agree to install more bike storage or pay a fee-in-lieu to fund public parking and transportation infrastructure that serves the entire neighborhood. The spring housing market will include a trio of indicators – all rising. In a study of 48 metro markets, Tucson, Ariz., APRIL HOUSING UPDATE.

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Will Springer Realtor

MAY 9, 2023

The $180B kitchen and bath market is leading the home-improvement charge and, despite economic headwinds for many households, industry experts see no end in this modernization movement. months in Q2 of 2022, according to a survey conducted by John Burns Research & Consulting. Kitchen and bath professionals are reporting 3.9-month

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Will Springer Realtor

SEPTEMBER 12, 2023

SEPTEMBER HOUSING UPDATE There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. BY THE NUMBERS >> A survey of 2000 adults across the 50 largest U.S.

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Will Springer Realtor

AUGUST 9, 2022

ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. cities to determine the fastest-rising housing markets and two in our area ranked in the Top 25.

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