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 415

Real Estate Agent Real Estate Agents Clients 415

Housing Wire

MAY 10, 2023

Lawrence Yun , the National Association of Realtors ’ chief economist, took a stronger stance during the “Residential Economic Issues and Trends Forum” at NAR’s ongoing Legislative Meeting. Rent growth will decrease because apartment construction – entry units coming on the market – is already in the pipeline.

Housing Market 376

Housing Market Insurance Realtors Buyers 376

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 66

Home Value Buyers Realtors Realty 66

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We 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.

Housing Market 449

Housing Market Marketing Inventory Construction 449

Housing Wire

FEBRUARY 13, 2024

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. New construction is backed up,” she said. As of Feb.

Construction 406

Construction Supply Chain Inventory Agents 406

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 485

Inventory Renovations Real Estate Government 485

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% down from 4.88 This was 9.5%

Construction 274

Construction Retail Mortgage Contracts 274

Empire Appraisal Group

JANUARY 11, 2023

While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, economists predicted Tuesday during the National Association of REALTORS®’ annual Real Estate Forecast Summit. NAHB: Sharp Contraction in Construction. Realtor.com®

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in the market.” Meanwhile, new construction of both single-family and multifamily homes receded in March.

Inventory 397

Inventory Real Estate Agent Sellers Buyers 397

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 423

Real Estate Mortgage Buyers Inventory 423

Will Springer Realtor

JULY 26, 2022

Construction on the new bridge is underway, along with the promenade and pool pavilion for sharks and stingrays. And most of these communities have homes on the market today for interested buyers seeking a solid investment. It depends on what a buyer wants to own and the level of convenience they are seeking.

Marketing 69

Marketing Buyers Construction Realtors 69

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Here are some of the big questions to ponder in 2024. by December 2024. by the end of 2024. by the end of 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. Yesterday on CNBC , I talked about the state of the housing market and how important it was that the builders’ confidence data was rising because that keeps construction workers employed and building homes.

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Housing Market Inventory Contracts Marketing 456

Appraisal Today

JANUARY 19, 2024

When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. This purchase-and-sale price is nothing more than one sign of what one buyer is willing to pay and what one seller is willing to accept. January 17, 2024) — Mortgage applications increased 10.4

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

Housing Wire

JUNE 22, 2023

Existing home sales marginally increased in May , but were still down significantly from a year prior, according to the latest report from the National Association of Realtors (NAR). Newly constructed homes are selling at a pace reminiscent of pre-pandemic times because of abundant inventory in that sector. million in May.

Inventory 365

Inventory Construction Realtors Marketing 365

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. trillion compared to $2.75 trillion in 2021.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

FEBRUARY 13, 2024

The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. There is plenty of pent-up demand from prospective buyers who have watched for months from the sidelines as financing costs remained untenable. That’s a whopping 134% more than December and a solid 7.0%

New Listings 54

New Listings Buyers Inventory Lending 54

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). An index score of 100 means that a buyer with a median U.S.

Buyers 36

Buyers Development Construction New Listings 36

Empire Appraisal Group

OCTOBER 28, 2021

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. million people between ages 27 to 33 – will be actively trying to buy homes through 2024, according to housing analyst Logan Mohtashami.

Inventory 78

Inventory Housing Market Construction Real Estate 78

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. decline in home sales by the end of 2023, with a similar trend expected to persist in 2024.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

MARCH 12, 2024

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). This return of buyers follows a sluggish late 2023. Months of inventory continue to be a burden on all buyers. Because new home construction hasn’t kept up.

Buyers 56

Buyers Construction Sellers Inventory 56

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. What Fannie Says About 3d Printed Homes in Announcement SEL-2023-08September 6, 20233D printed homes are an innovative building technique that brings efficiency and potential cost savings to new home construction.

Appraisal 79

Appraisal Contracts Business Construction 79

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. by the end of 2024.

Finance 67

Finance Inventory Construction Buyers 67

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract.

Mortgage 36

Mortgage Real Estate Law Lending 36

Cornerstone

JUNE 1, 2021

Lawrence Yun, NAR’s (National Association of REALTORS®) Chief Economist, recently stated : “[This] is not a bubble. Home prices are climbing because of record-low inventory levels that can’t meet the needs of today’s buyers. Buyers don’t have enough houses to choose from. percent 2023: 4 percent 2024: 3.6

Inventory 52

Inventory Buyers Sellers Investing 52

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. At the same time, the percentage of first-time buyers in the U.S. in 2024 and 4.5M

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

OCTOBER 11, 2022

Mark Zandi, chief economist at Moody’s Analytics, is far more bearish, predicting prices will fall about 10% nationally over the next 12-18 months if the country avoids a recession (which is unlikely) and drop roughly 20% by 2024 if the U.S. The next 12-24 months are likely going to be quite a challenge for prospective buyers.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. million sq.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. this year. >>

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

DECEMBER 12, 2023

To a happy 2024! = Just for Fun: In December 2022, the National Association of Realtors® projected mortgage interest rates would be 5.7% Prospective buyers this year have mostly watched the housing market pass from the sidelines. What does 2024 look like for the national housing scene and across Seattle/King County?

Real Estate 36

Real Estate Buyers Housing Market Law 36

Appraisal Today

MAY 5, 2023

= Grassroots Lobbying 101: How Appraisers Can Effect Change By Isaac Peck, WorkingRE Excerpts: The appraisal profession is relatively small, and its political influence is modest—especially when compared with organizations like the National Association of Realtors (NAR) and the National Association of Home Builders (NAHB).

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Appraisal Contracts Architecture Law 52