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 384

Construction Real Estate Housing Market Transportation 384

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.

Inventory 500

Inventory Buyers Construction Sellers 500

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The housing market is heading toward an inflection point — a rebalancing that will mean the end of the record-high price appreciation we’ve seen over the past year.

Inventory 397

Inventory Housing Market Construction Sellers 397

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. In March of 2022, sellers received an average of 5.5 First-time buyers today need more housing inventory to improve affordability. Today, the average is 2.7

Realtors 432

Realtors Buyers Inventory Sellers 432

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. Sellers have been in charge as buyer demand was fueled by historically low mortgage interest rates.

Housing Market 122

Housing Market Marketing Real Estate Appraisal 122

Housing Wire

OCTOBER 3, 2023

“Our agents asked for a way to deliver their clients an enhanced level of service for exclusive, off-market listings, and we delivered,” Leo Pareja, eXp’s chief strategy officer, told eXp agents during the firm’s EXPCON 2023 general session. “We

Realty 432

Realty Agents Clients Tenants 432

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023?

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. Based on 2023 numbers, that will give us 94% coverage of all purchase transactions that have happened in the country.

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Loan Officers Clients Mortgage Construction 421

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. But now a new threat is emerging on this front.

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Sellers Realty Insurance Realtors 421

Housing Wire

MAY 11, 2023

“While inflation remains elevated, its rate of growth has moderated and is expected to decelerate over the remainder of 2023. ” “Meanwhile, the housing market continues to face challenges as home sellers are less active this spring. That’s below his range for mortgage rates in 2023.

Mortgage 397

Mortgage Sellers Home Improvement Construction 397

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. Mortgage rates going down will be a clear positive sign.”

Inventory 466

Inventory Construction Mortgage Buyers 466

Housing Wire

MAY 25, 2022

A new generation of digitally native homebuyers and sellers are expecting online experiences , in every type of transaction, and more convenient and seamless ways to find, tour, purchase, and sell homes on their own terms. With growing demand from consumers, it’s a no-brainer to put a spotlight on these features when marketing homes.

Construction 458

Construction Real Estate Buyers Sellers 458

Housing Wire

MAY 10, 2023

According to Yun, the Fed’s rate hikes have hurt regional banks and the housing market. Rent growth will decrease because apartment construction – entry units coming on the market – is already in the pipeline. in 2023 before dropping below 6.0% Inflation has calmed down while rents are still accelerating.

Housing Market 384

Housing Market Insurance Realtors Buyers 384

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. have a rate below 5.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

JUNE 7, 2022

Consumers’ concerns about housing affordability are squeezing would-be homebuyers out of the market, according to Fannie Mae ‘ s Home Purchasing Sentiment Index , which tracks the housing market and consumer confidence to sell or buy a home. The index score dropped by 0.3 points to 68.2

Mortgage 384

Mortgage Housing Market Contracts Construction 384

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.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

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. Mortgage rates have nearly doubled to around 6.5%

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

Housing Wire

MARCH 22, 2023

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. In 2021, the bank acquired Civic Financial Services , a private money lender that caters to real estate investors, a strategic move into specialized areas of the non-QM market.

Real Estate 397

Real Estate Investors Investing Finance 397

Housing Wire

NOVEMBER 2, 2022

“ A housing recession is here “ For home shoppers and sellers, mortgage rates have been quick to adjust higher in response to expected Fed moves, said Danielle Hale, chief economist at Realtor.com. “In A housing recession is here, Marty Green, principal at Polunsky Beitel Green , emphasized. .

Mortgage 410

Mortgage Sellers Contracts Buyers 410

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. 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

Housing Market 441

Housing Market Marketing Inventory Construction 441

Hank Miller Team

NOVEMBER 15, 2022

Some markets remain in flux, others have started to level off already. Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. Influencing the Number of Atlanta Homes for Sale Several factors combine to influence the number of homes for sale in a market. A few of the key things to watch.

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Inventory Renovations Housing Market Buyers 52

Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022. in March 2022 to 4.5%

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Housing Market Marketing Construction Real Estate 370

Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ On the existing-home market , agents say the lack of inventory is due to a rate-lock effect, as homeowners with mortgage rates at 5% or below are reluctant to give up their rate unless a major life change necessitates a move.

Inventory 413

Inventory Housing Market Marketing Real Estate 413

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.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

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 410

Construction Supply Chain Inventory Agents 410

DW Slater Company

NOVEMBER 30, 2022

I tend to make a comparison of the seasons with the housing market but it often works in tandem. There is seasonality in real estate markets. Days on Market. Days on the Market continue to climb. Sellers are no longer getting over list price. Hard To Track A Scuzzy Housing Market – Housing Notes.

Real Estate 95

Real Estate Housing Market Appraisal Marketing 95

Housing Wire

JANUARY 12, 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. planting us firmly in the first days of 2023 where higher rates and prices threaten to completely paralyze the housing market.

Inventory 541

Inventory Investors Construction Housing Market 541

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023. in 2022 but will drop to 4% in 2023.

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

GoForrmz

OCTOBER 26, 2022

In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. But there is one thing for certain: technology has changed the overall industry.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. However, housing affordability worsened.

Inventory 421

Inventory Housing Market Marketing Construction 421

Housing Wire

FEBRUARY 5, 2024

Additionally, the competition from existing home sellers was somewhat absent. 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. Third, the cost and availability of labor were also major concerns in 2023.

Construction 441

Construction Housing Market Buyers Sellers 441

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted.

Housing Market 370

Housing Market Marketing Construction Inventory 370

Housing Wire

FEBRUARY 24, 2023

They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023. New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S.

Inventory 485

Inventory Construction Housing Market Mortgage 485

Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. I understand the lure of the housing 2008 story. In their haste, they miss the bigger picture of the housing market. It’s very sexy to talk gloom and doom about the housing market, but sometimes that doesn’t end well.

Inventory 485

Inventory Housing Market Construction Marketing 485

Appraisal Today

APRIL 5, 2024

I’m always looking for something new == The Full Measure with Kevin Hecht: March 2024 Housing Market Insights By Kevin Hecht, March 28, 2024 Excerpts: In this installment of The Full Measure with Kevin Hecht, uncover March 2024 housing market insights, plus key takeaways for residential appraisers.

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Appraisal Contracts Business Construction 77

Housing Wire

MAY 23, 2023

housing market. And with total active house listings in America near all-time lows, that is all we have for completed units for sale. From Census: New home sales: Sales of new single‐family houses in April 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S.

Inventory 520

Inventory Housing Market Construction Marketing 520