Housing Wire

MAY 11, 2024

This can be partly due to a higher percentage of cash buyers in the sales mix that purchase applicatoins won’t account for. Since November 2023, when mortgage rates started to fall, we have had 12 positive prints versus nine negative prints and two flat prints week-to-week.

Mortgage 404

Mortgage Inventory New Listings Housing Market 404

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% At the same time, builders also adapted to the needs of today’s home buyers who are navigating higher mortgage rates. Over the past year, the value of the U.S.

Housing Market 507

Housing Market Marketing Inventory Construction 507

Housing Wire

MAY 2, 2024

His portfolio is concentrated on purchase loans (98% of the total volume in 2023) for first-time homebuyers. But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. Potempa had a joint venture with OneTrust from March 2022 to March 2024.

Loan Officers 392

Loan Officers Mortgage Retail Lending 392

Housing Wire

MAY 25, 2022

But buyers and sellers aren’t just looking to startups and tech companies to create these experiences; they’re also expecting more innovative services and products from industry incumbents as well, including homebuilders. Smart home features also pique the interest of two-thirds of new build buyers.

Construction 439

Construction Real Estate Buyers Sellers 439

Housing Wire

MAY 14, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. While some criticized this announcement, CHLA applauded it.

Sellers 289

Sellers Realty Insurance Realtors 289

The Robert Weiler Company

JANUARY 27, 2023

Because it’s where fictional game developers James Halliday and Ogden Morrow of Gregarious Games launch the OASIS, a fully interactive immersive VR gaming environment where a growing percentage of the human population goes to escape. Below, we review the industrial real estate trend for 2023, focusing on the digital technology sector.

Real Estate 148

Real Estate Supply Chain Construction Development 148

Housing Wire

APRIL 9, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. Last week, we wrote a Letter to FHA , offering constructive suggestions to ensure a level playing field between borrowers where the seller agrees to fund buyer brokerage commissions and where the seller doesn’t.

Sellers 437

Sellers Realty Insurance Realtors 437

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years. Judge Stephen R.

Real Estate 306

Real Estate Brokerage Buyers Property Management 306

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. Construction spending advanced in June, a sign that companies and the government continue investing in real estate and infrastructure projects. The following day, the U.S.

Mortgage 339

Mortgage Inventory Government Buyers 339

Housing Wire

FEBRUARY 8, 2024

In 2023, Tate was recognized by RealTrends as one of the Best Real Estate Professionals in the United States. Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. Representing the top 1.5% of more than 1.6

Real Estate Agent 387

Real Estate Agent Real Estate Agents Clients 387

Housing Wire

SEPTEMBER 20, 2023

In spite of a higher-than-expected CPI reading in August, core inflation readings have been falling every month in 2023. Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. In the second quarter of 2023, the national vacancy rate was 6.3%, up from 5.6% a year earlier.

Housing Market 419

Housing Market Mortgage Landlords Marketing 419

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . by the end of 2023,” the MBA’s December market-forecast report states. They include a $405.2

Marketing 410

Marketing Investing Investors Landlords 410

Housing Wire

JULY 6, 2023

Fannie Mae recently projected originations for 2023 at $1.59 New-home sales are up 20% year over year as of May 2023 while sales of existing homes are down by the same level, resulting in new-home sales accounting for some 30% of total housing inventory. fix-and-flippers] who are willing to sell to a first-time buyer,” he said.

Inventory 455

Inventory Renovations Real Estate Government 455

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Think of it like a rollercoaster that started in late 2022 and has continued into early 2023.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. homes sold in June found a buyer in less than a month. The market has, ahem , evolved in the four years since. on the Eastside.

Sellers 60

Sellers Buyers New Listings Inventory 60

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. An index score of 100 means that a buyer with a median U.S. The national trend for new construction, however, is generally moving in the opposite direction.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. early in 2023 and drop to 7.1%

Real Estate 36

Real Estate Buyers Construction Sellers 36

Lamacchia Realty

MARCH 7, 2023

has released its “Top Producing REALTORS®,” for February 2023! February 2023 Winners of the Top 10 for the Company are: Jason Pincomb joined Lamacchia Realty in the Spring of 2021 and has seen tremendous success! He has developed a niche role in the Boston market, particularly in assisting first-time homebuyers and military veterans.

Realtors 73

Realtors Realty Real Estate Clients 73

Listing Spark

MARCH 9, 2023

With the Texas real estate market constantly changing and evolving, it can be difficult to stay informed on current trends or predict what will happen in 2023. But as potential buyers and sellers begin mapping out their plans for the future, understanding how the state’s real estate market is shifting is essential.

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Listing Spark

JANUARY 12, 2023

In this episode of Real Estate Real Fast, Aaron Jistel discussed the market trends of 2022 and 2023. Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Builders will continue to target first-time home buyers with incentives. Values will likely continue to decline in 2023.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

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. Additionally, the 2023 National Movers Study conducted by United Van Lines ranked Alabama No. New construction is backed up,” she said. Clearly, Piccinini isn’t the only one who thinks so.

Construction 378

Construction Supply Chain Inventory Agents 378

Housing Wire

NOVEMBER 29, 2023

Census Bureau and the Department of Housing and Urban Development. Cutting prices is one of several mechanisms homebuilders have employed to keep buyers interested since rates began skyrocketing. The rate of homes under construction has roughly plateaued since April 2022. for the third quarter of 2023.

Construction 388

Construction Finance Inventory Development 388

Will Springer Realtor

MARCH 12, 2024

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). This return of buyers follows a sluggish late 2023. This return of buyers follows a sluggish late 2023. February’s price was 7.6% There is 1.9

Buyers 57

Buyers Construction Sellers Inventory 57

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. It’s fair to say that 2022 has been a depressing year for homebuilders.

Supply Chain 372

Supply Chain Construction Inventory Finance 372

Housing Wire

SEPTEMBER 27, 2022

Powell: What I’m really saying is that we’ve had a time of a red-hot housing market, all over the country, where famously houses were selling to the first buyer at 10% above the ask, before even seeing the house … As you can see, Powell quickly outlines precisely what he doesn’t want to see: massive bidding wars for housing.

Housing Market 464

Housing Market Inventory Marketing Construction 464

Housing Wire

NOVEMBER 10, 2022

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. . Some of his would-be buyers are renting apartments until mortgage rates markedly improve. Department of Housing and Urban Development. It could be a while.

Construction 429

Construction Supply Chain Buyers Development 429

D Fritz Appraisals

JUNE 28, 2022

The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. According to CTV News , RBC economists are predicting a moderate price correction in British Columbia in 2023, with average house prices expected to drop by 3.8%.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Housing Wire

AUGUST 16, 2023

In certain parts of the Phoenix AMA that do not have a designated water provider, builders and developers need a certificate of AWS to obtain a building permit. Kamps added that he anticipates the prices of the 80,000 lots that already have AWS will also increase if developers chose to sell them, since there currently is a finite supply.

Construction 334

Construction Agents Development Real Estate Agent 334

Housing Wire

JANUARY 18, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% Department of Housing and Urban Development (HUD). Overall, an estimated 1.413 million units were started in 2023, a drop of 9.0% month over month, according to a report released Thursday by the U.S. Census Bureau and the U.S.

Construction 423

Construction Real Estate Housing Market Buyers 423

Will Springer Realtor

DECEMBER 11, 2022

The world of construction appears to be one of the only commodity-based industries yet to become truly efficient in the production of homes, office space and specialty structures. Robert Gordon, a noted Northwestern University economist, estimates the construction industry recorded negative productivity growth around the turn of this century.

Construction 36

Construction Architecture Real Estate Design 36

Housing Wire

DECEMBER 16, 2021

A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? The inventory of existing homes remains quite tight at less than 2.5 The encouraging news?

Marketing 449

Marketing Mortgage Supply Chain Inventory 449

Will Springer Realtor

NOVEMBER 9, 2022

Bellevue will be abuzz in 2023 with the scheduled opening of a luxury development that will feature a blend of exclusive shops and restaurants, a five-star hotel and two condo towers. Construction is only a few floors away from topping out at around 25 stories. Buyers can purchase a space for $79K but availability is limited.

Construction 36

Construction Development Housing Market Buyers 36

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03 Both buyers and sellers are coming back to the market,” Fischer said.

Housing Market 416

Housing Market Marketing Inventory Construction 416

Housing Wire

MARCH 6, 2024

Should mortgage rates fall, demand for residential real estate would increase, encouraging buyers who had been waiting on the sideline to move forward with home purchases,” according to the Beige Book. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%.

Mortgage 373

Mortgage Real Estate Inventory Construction 373

Housing Wire

FEBRUARY 26, 2024

Department of Housing and Urban Development ( HUD ). rise from the January 2023 pace of 649,000 units sold. Mortgage rates rose last week to their highest level since mid-December, but homebuilders continue to navigate this landscape by offering interest rate buydowns and other concessions to buyers. Census Bureau and the U.S.

Construction 418

Construction Development Housing Market Government 418

Housing Wire

FEBRUARY 29, 2024

This is according to an analysis conducted by Point2 , which examined metrics including single-family and multifamily completions in 2023, as well as corresponding permits issued. Bureau of Labor Statistics from 2013 to 2023. The findings are based on historic data from the U.S. Census Bureau and the U.S.

Inventory 408

Inventory Supply Chain Construction Buyers 408

Housing Wire

FEBRUARY 5, 2024

An estimated 668,000 new homes were sold in 2023, 4.2% Department of Housing and Urban Development. In the fourth quarter of 2023, almost 32% of U.S. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record.

Construction 405

Construction Housing Market Buyers Sellers 405