Housing Wire

JULY 6, 2023

High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater. Real estate markets also speak to resilient conditions, as buyers have accepted mortgage rates in the new normal of 6% – 7% range and kept a steady pace of sales over the past few months. or even a little higher.

Mortgage 381

Mortgage Construction Inventory Investors 381

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. Home price gains hit a new high , rising 0.6% Roughly 47.4%

Housing Market 393

Housing Market Mortgage Marketing Inventory 393

Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego.

Brokerage 407

Brokerage Realty Real Estate Inventory 407

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers.

Housing Market 402

Housing Market Marketing Training New Listings 402

Housing Wire

NOVEMBER 22, 2023

The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average. Consumers will reset their expectations, and as rates move lower, there will be both more buyers and more sellers in the market. In a typical year, there are about 5.2

Housing Market 477

Housing Market Marketing Inventory Sellers 477

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 507

Housing Market Marketing Inventory Construction 507

Housing Wire

JANUARY 26, 2024

The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62 The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. million and a 15.8% increase between 2024 and 2025 to a pace of 5.35

Contracts 449

Contracts Housing Market Construction Inventory 449

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. million to 5.07 million to 5.07

Inventory 457

Inventory Construction Mortgage Buyers 457

Housing Wire

FEBRUARY 21, 2024

By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. Zonda will be able to integrate its new construction data and tech platform with the leading portal for U.S. The demand for new construction isn’t waning.

Business 345

Business Construction Design Inventory 345

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. Today, the average is 2.7

Realtors 419

Realtors Buyers Inventory Sellers 419

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. The annual growth rate in March 2023 was up 0.7%. increase in home prices in the first quarter of 2023 from the first quarter in 2022.

Mortgage 398

Mortgage Inventory Construction New Listings 398

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 393

Tools Inventory Sellers Buyers 393

Housing Wire

JULY 27, 2023

in 2023 before increasing to 4.1% Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” “Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.”

Construction 358

Construction Inventory Realtors Housing Market 358

Appraisal Buzz

MARCH 26, 2024

compared with February 2023, according to the U.S. While new home sales remained flat in February, our latest home builder surveys show increased levels of confidence driven by the ongoing lean levels of existing home inventory,” says Carl Harris, chairman of the National Association of Home Builders (NAHB), in a statement. “As

Mortgage 195

Mortgage Construction Inventory Buyers 195

Housing Wire

APRIL 5, 2024

Since August 2023, the unemployment rate has hovered between 3.7% Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. In March, employment continued to trend up in construction, adding 39,000 jobs month over month. month over month to $34.69 and were up 4.1%

Mortgage 286

Mortgage Transportation Construction Housing Market 286

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%. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

Business 387

Business Loan Officers Clients Inventory 387

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers.

Business 364

Business Marketing Real Estate Legal 364

Housing Wire

FEBRUARY 15, 2024

Regarding its sources and methodology, Redfin defines homeowner tenure as “the number of years between the most recent sale date of a home and December 1, 2023.” Homeowner tenure is projected to remain flat, but a larger share of homeowners remaining in place is also contributing to an inventory shortage, according to the report.

Property Taxes 455

Property Taxes Insurance Construction Inventory 455

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. Goldman Sachs predicts a 75 bps hike at the November meeting followed by a 50 bps raise in December and a 25 bps increase in January 2023. year-over-year.

Mortgage 411

Mortgage Loan Officers Buyers Inventory 411

Housing Wire

AUGUST 3, 2023

Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.” Construction spending advanced in June, a sign that companies and the government continue investing in real estate and infrastructure projects. In the second quarter of 2023, homeowner vacancy fell to a historical low of 0.7%

Mortgage 339

Mortgage Inventory Government Buyers 339

Housing Wire

JUNE 2, 2023

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.

Construction 363

Construction Real Estate Housing Market Transportation 363

Hank Miller Team

NOVEMBER 15, 2022

Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. This is due to several reasons and while 2023 will likely continue the post pandemic “malaise”, the Greater Atlanta housing market remains one of the most stable in the nation. Atlanta Housing Inventory Everything must be kept in context.

Inventory 52

Inventory Renovations Housing Market Buyers 52

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. Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space.

Marketing 305

Marketing Construction Renovations Home Improvement 305

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. 4-7, in Las Vegas.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

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% In fact, the number of units under construction in the United States right now approaches the highest levels recorded in the last 50 years at 1.69

Supply Chain 365

Supply Chain Construction Buyers Mortgage 365

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. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. The majority of the supply of homes for sale come from existing homes, not new construction.

Supply Chain 493

Supply Chain Housing Market Construction Inventory 493

Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5

Housing Market 335

Housing Market Marketing Supply Chain Inventory 335

Housing Wire

SEPTEMBER 27, 2022

This isn’t true (just look at his next statement, below) — he really wants the bidding wars to end, and for total inventory to grow and regain balance. As you can see below on the NAR total inventory chart, we didn’t have a seasonal push in inventory in 2020, which left us vulnerable to price growth that was above the historical norm.

Housing Market 464

Housing Market Inventory Marketing Construction 464

Housing Wire

SEPTEMBER 22, 2023

With the majority of Fed officials expecting another rate hike before the end of 2023, how do you think this decision will affect housing and your forecast for the economy? But somebody has to replace the Fed, and the Fed is not an economic buyer. So they are a policy buyer. Are you optimistic this trend will continue?

Housing Market 434

Housing Market Marketing Buyers Investors 434

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 The builders will pull back on construction when the supply is 6.5

Inventory 541

Inventory Housing Market Construction Marketing 541

Housing Wire

NOVEMBER 2, 2022

The swift jump in interest rates have dampened potential homebuyers’ willingness or ability to enter the market, and potential home sellers who are locked in to super low rates are not willing to reduce sales prices materially enough to motivate buyers, according to Green. . Tables have turned for some sellers.

Mortgage 399

Mortgage Sellers Contracts Buyers 399

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. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 372

Supply Chain Construction Inventory Finance 372

Housing Wire

SEPTEMBER 22, 2022

This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. Addressing a shortage of inventory is a serious concern, especially as fall and winter approaches when total inventory traditionally drops. And it’s going to get worse. million to 1.93

Mortgage 381

Mortgage Loan Officers Inventory Retail 381

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. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said. “We

Construction 378

Construction Supply Chain Inventory Agents 378

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. The homebuyer survey was conducted by Morning Consult in June 2023.

Buyers 415

Buyers Inventory Realtors Finance 415

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Prior to COVID, i.e. March of 2020, inventory was already falling. Where Have We Been? Where Do We Stand Now?

Supply Chain 69

Supply Chain Home Value Inventory Construction 69