Housing Wire

NOVEMBER 30, 2023

Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. Home sales should perform better in 2024 even if affordability remains a challenge According to Bright MLS’s forecast , mortgage rates will continue to trend downward in 2024, finishing the year at 6.2%.

Housing Market 469

Housing Market Inventory Realtors Construction 469

Housing Wire

MARCH 4, 2024

The persistent scarcity of existing homes drove buyers toward newly built properties, allowing builders to maintain double-digit margins. New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. The acquisition is set to close in the first half of 2024.

Construction 347

Construction Inventory Sellers Buyers 347

Housing Wire

FEBRUARY 12, 2024

Meanwhile, more apartments are under construction. Redfin chief economist Daryl Fairweather expects apartment completions to peak in 2024. Buying a house in this market can make sense for more affluent buyers who can afford a large down payment and offset the price of elevated mortgage rates, according to Fairweather.

Landlords 373

Landlords Construction Mortgage Marketing 373

Appraisal Buzz

MARCH 26, 2024

The median sales price of new home sold in February 2024 was $400,500. As interest rates subside over the course of 2024, additional home buyers will be priced into the market and new construction will be needed to meet this demand.” “A compared with January but up 5.9% compared with February 2023, according to the U.S.

Mortgage 195

Mortgage Construction Inventory Buyers 195

Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. 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% annual jump in 2024.

Housing Market 419

Housing Market Realtors Contracts Buyers 419

Housing Wire

APRIL 15, 2024

If this scenario unfolds, analysts and executives will be ready to update their baseline expectations for 2024, including fewer refinance and purchase loans than previously forecast. He added that it was high enough for him to remove one of the rate cuts he expected in 2024. in second-quarter 2024.

Mortgage 449

Mortgage Retail Buyers Investors 449

Housing Wire

JULY 27, 2023

in 2024, according to NAR’s forecast. Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” million in 2024. On the flip side, newly constructed home sales are forecast to increase 12.3% in 2024, to 820,000.

Construction 358

Construction Inventory Realtors Housing Market 358

Housing Wire

APRIL 5, 2024

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. Overall, there will be more home sales in 2024 than there were last year but the timing is uncertain,” Sturtevant said.

Mortgage 293

Mortgage Transportation Construction Housing Market 293

Inman

SEPTEMBER 27, 2023

New-construction homebuilders are using incentives to garner an outsized share of the current housing market and capitalize on buyer demand. Windermere Chief Economist Matthew Gardner checks the numbers to see how their strategy is working now and what it means for 2024.

Marketing 157

Marketing Construction Housing Market Buyers 157

Housing Wire

APRIL 1, 2024

“To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. This is just one more arrow in their quiver.”

Loan Officers 376

Loan Officers Clients Mortgage Construction 376

Housing Wire

MAY 10, 2022

More inventory is both the consequence and cause of a more balanced housing market: More choice for home shoppers limits the number of buyers bidding on each home, and the added competition lights a competitive fire under sellers and their listing agents to make their homes shine, including by pricing it competitively.

Inventory 396

Inventory Housing Market Construction Sellers 396

Lamacchia Realty

FEBRUARY 6, 2024

has released its “Top Producing REALTORS®,” for January 2024! January 2024 Winners of the Top 10 for the Company are: Eileen Doherty grew up in Woburn and resides in the area to this day. Now servicing buyers and sellers in Worcester County, Colin’s clients describe him as helpful, energetic, and goal-oriented.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

MAY 10, 2023

Rent growth will decrease because apartment construction – entry units coming on the market – is already in the pipeline. He also anticipates new and existing home sales to bottom out in 2023 before rising again in 2024. He also anticipates new and existing home sales to bottom out in 2023 before rising again in 2024.

Housing Market 365

Housing Market Insurance Realtors Buyers 365

Housing Wire

MARCH 1, 2024

But as the calendar flipped to 2024 and as we inch closer to the spring selling season, Fischer said things have started to pick up. in mid-January 2024. as of February 29, 2024. Both buyers and sellers are coming back to the market,” Fischer said. Very few new construction homes are going up in our area,” Diamond said.

Housing Market 424

Housing Market Marketing Inventory Construction 424

Housing Wire

SEPTEMBER 22, 2023

But somebody has to replace the Fed, and the Fed is not an economic buyer. So they are a policy buyer. They may require wider spreads than the Fed because the Fed is not an economic buyer. We expect production volumes to remain low through 2024 and start to pick up maybe toward the end of 2024.

Housing Market 442

Housing Market Marketing Buyers Investors 442

Appraisal Today

NOVEMBER 3, 2023

Advisory Opinions For 2024, the ASB has retired Advisory Opinion 16 (AO-16) and replaced it with two new Advisory Opinions, AO-39 and AO-40. These requirements are carried forward in the 2024 edition of USPAP. USPAP 2024 is effective January 1, 2024. To read more, click here My comments: Be sure to read this blog post.

Appraisal 76

Appraisal Contracts Architecture Mortgage 76

Housing Wire

FEBRUARY 8, 2024

In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals. Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City.

Real Estate Agent 392

Real Estate Agent Real Estate Agents Clients 392

Lamacchia Realty

APRIL 17, 2024

Potential home buyers may be looking for that extra bit of charm that wood floors offer. Whether drawn to the timeless aesthetics of wood or the practical perks of easy maintenance, it’s evident that many buyers are choosing hardwood floors over carpet or tile. Do Wood Floors Increase Home Value?

Home Value 68

Home Value Buyers Realtors Realty 68

Housing Wire

MARCH 28, 2022

HousingWire: How will rising rates affect new home construction? Logan Mohtashami: Rising rates make housing less affordable, so for a first-time home buyer that doesn’t have the benefit of selling their home with that nested equity, it makes it harder for them. What does this mean for first-time homebuyers?

Housing Market 334

Housing Market Marketing Supply Chain Inventory 334

Housing Wire

FEBRUARY 13, 2024

Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. New construction is backed up,” she said.

Construction 383

Construction Supply Chain Inventory Agents 383

Appraisal Today

APRIL 5, 2024

To see the listing with 19 photos, Click Here == LoanDepot Appraisal Discrimination Settlement By Peter Christensen, March 28, 2024 Connolly and Mott v. The second development in the case is that on March 22, 2024, the attorneys for Drs. a state-of-the-art home gym, salon, yoga room. No pickleball court. District Court, Maryland.

Appraisal 76

Appraisal Contracts Business Construction 76

Housing Wire

AUGUST 24, 2023

Fannie Mae maintains its baseline call for a recession to occur – forecasting it to begin in the first half of 2024. In its July ESR note , Fannie Mae projected a modest recession beginning in Q4 2023 or Q1 2024. on a Q4/Q4 basis and revised its 2024 GDP growth prediction to a 0.2% decline from 0.1% This was 9.5%

Construction 276

Construction Retail Mortgage Contracts 276

Housing Wire

JANUARY 3, 2024

Housing experts expect that a boost in apartment inventory in 2024 will dampen rent growth. Real Estate Market Outlook 2024. About 900,000 units are currently under construction , and 440,000 new units are expected to be completed in 2024, according to the report. However, affordability woes will persist. and Las Vegas.

Inventory 420

Inventory Construction Property Management Real Estate 420

Housing Wire

JULY 6, 2023

through the first quarter of 2024.” Affordable housing Still, given the housing inventory shortage, relying on new-home construction, fix-and-flippers, foreclosures or longer-term high rates alone is not likely to address the problem in full. fix-and-flippers] who are willing to sell to a first-time buyer,” he said.

Inventory 464

Inventory Renovations Real Estate Government 464

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. One thing it did was to rouse the weary buyers out of temporary hibernation. Where Do We Stand Now?

Supply Chain 69

Supply Chain Home Value Inventory Construction 69

Housing Wire

AUGUST 16, 2023

Under the new regulations, construction of new residential buildings can continue in areas that have a designated water provider since homebuilders and developers do not need an AWS certificate to obtain a building permit. “The

Construction 333

Construction Agents Development Real Estate Agent 333

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

Construction 461

Construction Housing Market Inventory Buyers 461

Housing Wire

AUGUST 3, 2022

This is why I focused my readers on the years 2020-2024, because if home prices only grew by 23% over five years, we would be ok. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. It does make an enormous difference now that home prices grew above 40% in just 2.5

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

FEBRUARY 5, 2024

single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record. High interest rates, rising inflation , growing labor costs and worker shortages weighed the most on homebuilders in 2023, and they’re poised to remain top of mind in 2024.

Construction 413

Construction Housing Market Buyers Sellers 413

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 60

Appraisal Real Estate Real Estate Agent Contracts 60

Empire Appraisal Group

JANUARY 11, 2023

But if inflation continues to slow and rates stabilize, that could bring more buyers back to the market and boost demand for housing, Yun said. Home buyers still will face sticker shock, Hale said, “but they will have more time to make a decision and more options.”. NAHB: Sharp Contraction in Construction. Realtor.com®

Real Estate 78

Real Estate Marketing Buyers Sellers 78

D Fritz Appraisals

JUNE 28, 2022

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. They quote UK based research group Oxford Economics as predicting Canadian house prices could fall by 24% between the summer of 2022 and 2024.

Real Estate 106

Real Estate Marketing Inventory Housing Market 106

Appraisal Today

MARCH 15, 2024

If you are a paid subscriber and If you are a paid subscriber and did not get the March 2024 issue emailed on Friday March 1, 2024, please email info@appraisaltoday.com , and we will send it to you. Is this add-on a fair addition to the fundamental, intrinsic value a buyer gets? per month, $24.75 Click here for more info.

Appraisal 69

Appraisal Inspection Modernization Business 69

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We In addition, new-home construction — including in the hot build-to-rent (BTR) sector — is helping to slowly boost housing supply.

Investors 450

Investors Marketing Inventory Real Estate 450

Will Springer Realtor

NOVEMBER 9, 2022

Construction is only a few floors away from topping out at around 25 stories. Buyers can purchase a space for $79K but availability is limited. Less than two blocks north, a 138-unit, high-rise condo is under construction. Also known as Mari Bellevue, the project is targeting a 2024 opening.

Construction 36

Construction Development Housing Market Buyers 36

Housing Wire

SEPTEMBER 21, 2023

Until interest rates come down, affordability challenges will continue to put first-time buyers on the sidelines, housing industry observers said. In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. in 2024 and 5.1%

Real Estate 398

Real Estate Mortgage Buyers Inventory 398

Housing Wire

APRIL 16, 2024

Mortgage applications for new homes stalled in March as buyers felt the brunt of sustained home price growth. Compared to February 2024, mortgage applications for new-home purchases rose 1% in March. New construction of single-family homes receded in March, and multifamily housing starts also declined. Applications were up 6.2%

Buyers 387

Buyers Construction Mortgage 387