Housing Wire

JULY 6, 2023

Fannie Mae recently projected originations for 2023 at $1.59 trillion — with sales of new homes rising in dominance. 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.

Inventory 451

Inventory Renovations Real Estate Government 451

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. Despite continuous caterwauling from the MSM about a crash, home prices around greater Atlanta haven't really moved from a year ago. In fact, some market are ahead of those record highs of '22. Why move now?

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

APRIL 24, 2023

Falling home prices will not only make it more difficult for retirees but will impact existing homeowners that may want to purchase something larger or in a more desirable neighborhood. New construction, resales, refinances and home improvements account for approximately 16% of the U.S. GDP, roughly $3 trillion.

Legal 326

Legal Housing Market Government Buyers 326

Will Springer Realtor

OCTOBER 3, 2023

The state must add 55,000 homes – or 17,000 in King County alone – per year over the next two decades to meet growing demand, according to Department of Commerce projections published in early 2023. More than half must be affordable to low-income residents, and new homes are needed at all income levels, the projections said.

Law 66

Law Design Construction Government 66

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. October 18, 2023) — Mortgage applications decreased 6.9

Appraisal 71

Appraisal Design Contracts Inspection 71

Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

Sellers 36

Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

APRIL 11, 2022

In some of the more recent instances where mortgage rates climbed more than one percentage point in about a year, home prices still rose and sales usually fell. Yun offers a silver lining: “I expect the pace of price appreciation to slow as demand cools and as supply improves somewhat due to more home construction.”.

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

NOVEMBER 29, 2022

Failing to account for construction costs (see below). Not reporting home upgrades to the insurer – Forgetting to tell the insurer about the new garage door for a home is one thing but not mentioning that the garage was converted into a fully finished room is another. The post Is Your Home Fully Insured Against Loss or Damage?

Insurance 36

Insurance Construction Finance Home Improvement 36

Will Springer Realtor

JULY 25, 2023

Here are several suggestions on where you can make a difference in and around the home and the potential costs, according to the Remodeling 2023 Cost vs. Value Report : Kitchen Arguably the most important room in the home, the kitchen can start to look dated after 10 years of use. Styles and tastes change.

Renovations 36

Renovations Investing Buyers Construction 36

Will Springer Realtor

MARCH 14, 2022

The home remodeling industry is a $368B business, according to Harvard researchers , and is expected to reach $432B by the end of this year. Soaring costs of labor and construction materials is certainly contributing to the rising figure but there is evidence of a sharp increase in home improvements since the start of the pandemic.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

JULY 9, 2021

A key takeaway from this year’s report is the impact that rising raw materials costs has had on home-improvement projects. This has caused an average of -3% ROI for all home improvement projects. Here are the top ROI projects for a typical home in the U.S. Target opening is spring/summer 2023. to 2333 sq.

Buyers 36

Buyers Development Transportation Inventory 36