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 185

Inventory Brokerage Construction Real Estate 185

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. ”

Mortgage 384

Mortgage Construction Inventory Investors 384

Housing Wire

MAY 21, 2024

It’s oddly enough in states where people are leaving,” said Florida-based real estate investor Paul Lizell of the markets where he is more focused on acquiring investment properties in 2024. I’m still focusing on those markets with very low (retail) inventory. in Q1 2023. in Q1 2023. in Q1 2023.

Marketing 429

Marketing Investors Real Estate Investing 429

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 313

Development Real Estate Construction Inventory 313

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 376

Construction Inventory Lending Mortgage 376

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.

Renovations 402

Renovations Realtors Construction Mortgage 402

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 390

Inventory Contracts Housing Market Realtors 390

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.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. HW: How can REO asset managers keep costs low and improve margins? territories.

Business 376

Business Marketing Real Estate Legal 376

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 419

Inventory Realtors Contracts Construction 419

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 485

Housing Market Marketing Inventory Sellers 485

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 513

Housing Market Marketing Inventory Construction 513

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. year-over-year increase, further complicating things for the Fed. “For

Construction 370

Construction Real Estate Housing Market Transportation 370

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 monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis.

Realtors 428

Realtors Buyers Inventory Sellers 428

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 406

Mortgage Inventory Construction New Listings 406

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 466

Inventory Construction Mortgage Buyers 466

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 424

Realty Agents Clients Tenants 424

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 512

Mortgage Contracts Construction Inventory 512

Housing Wire

MARCH 8, 2024

In February, employment continued to trend up in construction, adding 23,000 jobs month over month. The short-term timing of purchase is dependent upon mortgage rates and inventory availability,” he said. Home sales recorded the lowest activity in 2023 in nearly 30 years. month over month to $34.57 and were up 4.3%

Transportation 442

Transportation Retail Housing Market Construction 442

D Fritz Appraisals

JUNE 28, 2022

Significantly reduced housing inventory. At the same time, inventory of available homes dropped significantly and BCREA Chief Economist Brendon Ogmundson is quoted as saying ‘While sales are not keeping pace with the unprecedented levels seen [in 2021], demand remains strong’. Pace of Real Estate Market Steady into Spring.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

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 361

Construction Inventory Realtors Housing Market 361

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 473

Mortgage Real Estate Agent Renovations Finance 473

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 409

Housing Market Supply Chain Marketing Inventory 409

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 404

Tools Inventory Sellers Buyers 404

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 312

Marketing Construction Renovations Home Improvement 312

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. “The combination of upbeat economic data and the U.S.

Mortgage 345

Mortgage Inventory Government Buyers 345

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 419

Mortgage Loan Officers Buyers Inventory 419

Hank Miller Team

NOVEMBER 15, 2022

As we enter the final weeks of 2022, the national real estate market is catching its breath. Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. Atlanta Housing Inventory Everything must be kept in context. There are a few key things to consider around Atlanta for 2023.

Inventory 52

Inventory Renovations Housing Market Buyers 52

DW Slater Company

DECEMBER 22, 2023

As we’re getting ready to say goodbye to 2023 and welcome 2024, we wanted to wish each of you a very Merry Christmas and a Happy New Year! 2023 recap: This year, we saw many changes in the real estate market. The rising mortgage rates slowed down the real estate market considerably.

Construction 107

Construction Real Estate Inventory Clients 107

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 500

Supply Chain Housing Market Construction Inventory 500

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 372

Supply Chain Construction Buyers Mortgage 372

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 518

Inventory Investors Construction Housing Market 518

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 543

Inventory Housing Market Construction Marketing 543

Housing Wire

SEPTEMBER 22, 2022

I go into real estate offices and Realtors have zero listings for the week,” said the LO, who requested anonymity to protect the business of her partners. “I 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. And it’s going to get worse.

Mortgage 384

Mortgage Loan Officers Inventory Retail 384

Housing Wire

JULY 26, 2023

Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California. I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” said Sandy Williams, an eXp Realty agent in Sarasota. That comes with its own risks – in many cases, wildfires.

Insurance 363

Insurance Housing Market Marketing Supply Chain 363

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We

Inventory 324

Inventory Housing Market Marketing Real Estate 324

DW Slater Company

JANUARY 30, 2023

Inventory is down from the previous month but up from the same time last year. We will continue to follow all that is happening in real estate. Supply has increased, but is still very low as less than 3 months supply in any market. So, although prices have been declining, the market is not tanking.

Housing Market 122

Housing Market Marketing Real Estate Appraisal 122