Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few.

Brokerage 442

Brokerage Realty Real Estate Inventory 442

Housing Wire

SEPTEMBER 22, 2022

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. The mortgage market is projected to slip further to $2.17 trillion in 2022.

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Housing Market Supply Chain Marketing Inventory 407

Housing Wire

JULY 6, 2023

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. jobs market remains strong with U.S. Consumer spending keeps growing, as do auto sales, which were expected to soften.

Mortgage 383

Mortgage Construction Inventory Investors 383

Housing Wire

FEBRUARY 13, 2024

Despite high mortgage rates , master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022.

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Buyers Design Construction Marketing 453

Sacramento Appraisal Blog

MARCH 28, 2023

It’s been striking to see sellers sitting back so far in 2023, and it’s really starting to create more competition for buyers. Sellers are hibernating. Let’s talk about it. Scroll by topic or digest slowly.

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Sellers Housing Market Marketing Real Estate 218

Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 months in December.

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Construction Contracts Buyers Development 427

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). In 2023, new-home sales are up 5% year to date, Yun said.

Real Estate 454

Real Estate Inventory Sellers Realtors 454

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. Most MPC developers remain optimistic about the second half of 2023, according to RCLCO.

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Development Real Estate Construction Inventory 352

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

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Renovations Realtors Construction Mortgage 406

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 382

Construction Real Estate Housing Market Transportation 382

Housing Wire

APRIL 24, 2023

“The economic slowdown has resumed – whether the end result is a modest recession or simply a soft landing remains unanswered – although we continue to expect the former, as we have since April of last year, when we first made our 2023 recession call,” Doug Duncan , senior vice president and chief economist at Fannie Mae, said. decline.

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Construction Inventory Lending Mortgage 383

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs. Entry level homebuyers are getting hit hardest.

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Insurance Housing Market Marketing Agents 370

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.

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Real Estate Marketing Buyers Sellers 78

Housing Wire

JULY 26, 2023

Because of historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market, major insurance carriers like State Farm and Allstate are no longer issuing new homeowner insurance policies in California. Check out Han’s excellent feature here.

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Insurance Housing Market Marketing Supply Chain 370

Housing Wire

MARCH 10, 2023

Job growth continued in February, but at a slower pace, suggesting that the Federal Reserve interest rate hikes are having at least a mild impact on the labor market. However, the continued job market resilience could equate to even tighter monetary policy , spelling hard times ahead for the housing market.

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Construction Real Estate Housing Market Retail 361

Housing Wire

MARCH 8, 2024

In February, employment continued to trend up in construction, adding 23,000 jobs month over month. The jobs report contains two conflicting implications for the housing market, according to Sturtevant. Lower rates this spring could give housing market demand a boost.” Job openings were essentially unchanged at 8.9

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Transportation Retail Housing Market Construction 445

DW Slater Company

JANUARY 30, 2023

What’s happening in the housing markets? Mortgage rates impact housing as they affect buying power. As we look at the housing market for 2022, a clear shift has occurred. Million Allegedly Paid to Two “Favored” Appraisers. – Cleveland Appraisal Blog How Was The Housing Market in 2022?-

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Housing Market Marketing Real Estate Appraisal 122

Housing Wire

OCTOBER 26, 2023

in 2023, reaching an annual rate of 670,000. For those new construction units, the national median new home price is projected to drop by 5.9% in 2023, to $430,800, and increase by 3.5% This underscores the importance of increased inventory in helping to get the overall housing market moving,” Yun added.

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Inventory Contracts Housing Market Realtors 405

Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

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Finance Construction Tenants Renovations 480

Housing Wire

MAY 25, 2022

The real estate industry is in the stages of a seismic shift to fully digital experiences. Furthermore, when it comes to new construction homes, more than one-third of buyers have their interest piqued in a builder while browsing online. Smart home features also pique the interest of two-thirds of new build buyers.

Construction 454

Construction Real Estate Buyers Sellers 454

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. 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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Realtors Buyers Inventory Sellers 427

Housing Wire

FEBRUARY 27, 2023

NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1% in 2023 and 5.4% year over year in 2023 to a total of 4.47 year over year in 2023 before posting a 19.4% in 2023 to $380,100 before rising 3.5% million units.

Housing Market 427

Housing Market Realtors Contracts Buyers 427

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 351

Marketing Construction Renovations Home Improvement 351

D Fritz Appraisals

JUNE 28, 2022

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? 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. Pace of Real Estate Market Steady into Spring.

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Real Estate Marketing Inventory Housing Market 105

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%. Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3%

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Mortgage Inventory Construction New Listings 406

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. The increase was due primarily to the residential and real estate mortgage and construction portfolios, consisting of 70% of the total portfolio in Q4 2022.

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Real Estate Investors Investing Finance 394

Housing Wire

DECEMBER 4, 2020

More importantly, he said the current environment may even holdup into 2023. “We Slower value growth will most likely occur from increased sales-inventory, which has been putting upwards pressure on prices for months now though recent housing starts data from the Census Bureau shows construction is finally playing catch-up.

Mortgage 509

Mortgage Contracts Construction Inventory 509

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. Hurricanes present unique housing market events. FORT MYERS, Fla. Bokhari says.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

Housing Wire

JULY 27, 2023

in 2023 before increasing to 4.1% in 2023, settling at 4.38 Home prices will be influenced by how much inventory is brought to market. Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” in 2023, to 720,000. million in 2024.

Construction 370

Construction Inventory Realtors Housing Market 370

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. trillion, a revision downward from its January estimate of $1.65

Inventory 462

Inventory Renovations Real Estate Government 462

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. 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. About 9.1%

Mortgage 417

Mortgage Loan Officers Buyers Inventory 417

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. This number is expected to increase to 72% in 2023. Here are a few key factors that are impacting the homebuilding market.

Marketing 468

Marketing Contracts Supply Chain Project Management 468

Housing Wire

MARCH 26, 2024

Then, the housing market takes off like a rocket with home values exceeding all expectations. The home equity prison Does this scenario sound familiar compared to the situations of the homeowners that you are encountering lately in your real estate business? As of December 31, 2023, 3.1% respectively.

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Law Real Estate Property Taxes Marketing 427

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. In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. Want to learn more?

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000.

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Inventory Buyers Construction Sellers 497

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. In fact, some market are ahead of those record highs of '22. Clearly it's not the same market, but the interest rate shock seems to be accounted for.

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Housing Market Marketing Buyers Sellers 40

Housing Wire

APRIL 27, 2023

Limited housing supply is simply not meeting demand nationally.” Looking ahead to the second half of 2023 and beyond, NAR said it expects that the economy will continue adding jobs , but at a slower pace. in 2023 and 5.6% in 2024, and housing starts will fall 7.3% year over year in 2023 to 1.44 annual in 2024 to 1.54

Inventory 427

Inventory Realtors Contracts Construction 427