Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. Fannie Mae recently projected originations for 2023 at $1.59 trillion, a revision downward from its January estimate of $1.65

Inventory 456

Inventory Renovations Real Estate Government 456

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% are optimistic.

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Housing Market Mortgage Marketing Inventory 400

Housing Wire

JULY 6, 2023

High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater. In addition, builders are recognizing the demand and the opportunity it presents, and they are pushing construction activity higher – about one-third of homes on the market are new construction, more than double normal levels.

Mortgage 381

Mortgage Construction Inventory Investors 381

Inman

SEPTEMBER 25, 2023

The 2023 real estate market has been a bit of a conundrum for agents and brokerages. Mortgage rates are high, listing prices are elevated, and housing inventory is limited.

Inventory 193

Inventory Brokerage Construction Real Estate 193

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.

Construction 375

Construction Inventory Lending Mortgage 375

Housing Wire

DECEMBER 21, 2023

A rise in homebuilder confidence , followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low.” Lack of inventory The scarcity of available homes has kept home prices elevated. Another obstacle?

Mortgage 493

Mortgage Inventory Construction Marketing 493

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.

Development 317

Development Real Estate Construction Inventory 317

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. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Barnes said.

Renovations 398

Renovations Realtors Construction Mortgage 398

Housing Wire

OCTOBER 26, 2023

Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” 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% in 2023, reaching an annual rate of 4.15

Inventory 387

Inventory Contracts Housing Market Realtors 387

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 417

Brokerage Realty Real Estate Inventory 417

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 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

FEBRUARY 12, 2024

Stratmor Group served as the adviser to AFR for the deal, which was announced in August 2023 and completed on Feb. It also has a niche in construction and manufactured home loan programs. He was previously at UMortgage , holding the role of vice president of revenue.

Lending 359

Lending Renovations Construction Finance 359

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. Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement.

Housing Market 413

Housing Market Marketing Training New Listings 413

Appraisal Buzz

APRIL 25, 2024

compared with March 2023, according to the National Association of Realtors (NAR). million 2023) and another 13.2% million (from 1.413 million in 2023) and 4.9% Inventory will grow steadily from more home construction, and various life-changing events will require people to trade up, trade down or move to another location.”

Inventory 195

Inventory Construction Realtors Appraisal 195

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

APRIL 27, 2023

“The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. 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% year over year in 2023 to 1.44

Inventory 414

Inventory Realtors Contracts Construction 414

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. At a national level, if there are price drops, they will be modest and short-lived simply because inventory will still be very low by historic standards. next year.

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 509

Housing Market Marketing Inventory Construction 509

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 401

Mortgage Inventory Construction New Listings 401

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.

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Business Construction Design Inventory 356

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

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 506

Mortgage Contracts Construction Inventory 506

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 418

Realty Agents Clients Tenants 418

Housing Wire

JANUARY 3, 2024

The 30-year fixed mortgage rate closed 2023 at 6.76%, more than one percentage point lower than its October peak of 7.9%, according to Joel Kan, MBA’s vice president and deputy chief economist. Mortgage applications decreased 9.4% for the week ending Dec. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5%

Mortgage 370

Mortgage Housing Market Construction Inventory 370

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 393

Business Loan Officers Clients Inventory 393

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 363

Construction Inventory Realtors Housing Market 363

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. This decline, coupled with the aforementioned low inventory levels, is set to rekindle suppressed buyer demand. Will we get more inventory?

Real Estate Agent 431

Real Estate Agent Real Estate Buyers Agents 431

Housing Wire

NOVEMBER 3, 2023

Meanwhile, the unemployment rate rose slightly to 3.9%, aligning with the Fed’s projection for 2023 of 3.8%. In October, construction employment continued to trend up, adding 23,000 more jobs, aligning with the average monthly gain of 18,000 over the prior 12 months. The number of unemployed persons also ticked up to 6.5

Marketing 358

Marketing Construction Housing Market Government 358

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. trillion in 2023, according to Fannie Mae. trillion in 2022. month supply, up from 1.6

Housing Market 404

Housing Market Supply Chain Marketing Inventory 404

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 400

Tools Inventory Sellers Buyers 400

Eyes on Housing

NOVEMBER 9, 2023

Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.4%

Mortgage 192

Mortgage Construction Inventory 192

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 295

Mortgage Transportation Construction Housing Market 295

Housing Wire

MARCH 21, 2024

The biggest challenge in today’s housing market is the lack of inventory , Fratantoni said in his written statement on Wednesday. The silver lining, however, is that builders have picked up their pace of construction. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Insurance Inventory Mortgage Lending 337

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Our forecast is for a slowdown in economic activity in the second half of 2023, with a recovery in early 2024. In the June jobs report, residential building construction employment is up 0.8%

Construction 356

Construction Renovations Government Inventory 356

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

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

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. Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find. First-time buyers today need more housing inventory to improve affordability.

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Realtors Buyers Inventory Sellers 421