Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is a positive for housing in 2024 as most sellers are buyers.

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Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. I was lucky to have never had to use new construction as a comp on an existing home. baths, 14,450 sq.ft.,

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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. The only problem, nobody wanted a 7.5%

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Housing Wire

NOVEMBER 30, 2023

Real Estate Finance: Covers the real estate finance essentials, including the current real estate market, types and sources of real estate loans, real estate residential and commercial loan process, the OH foreclosure process, government involvement, the construction and development lending process & more. Athens Campus location.

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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.

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Housing Wire

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. million total home sales each year from 2020 to 2024. months and above, the builders will pull back on construction.

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Will Springer Realtor

FEBRUARY 13, 2024

We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. People are seeking to move on as they experience life-changing moments – if they can afford what sellers are seeking. in Q1 2024 (previous forecast: 7.0%) 6.2%

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Listing Spark

DECEMBER 1, 2022

What can you focus on to maximize your success as a seller at the lowest price? We’ll dive into how to make your listing more competitive and maximize your success as a seller with Julie Daniels, Director of Operations at ListingSpark. How sellers can maximize their chances of success in the current market. Episode highlights.

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Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

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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.

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Appraisal Today

FEBRUARY 9, 2024

you are a paid subscriber and did not get the February 2024 issue emailed on Thursday, February 1, 2024, please email info@appraisaltoday.com , and we will send it to you!! single-family homes for sale in the fourth quarter were new construction. February 7, 2024) — Mortgage applications increased 3.7 per month, $24.75

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Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

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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.

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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. Many economists believe a recession isn’t likely in the last months of this year but they aren’t ruling out a downturn in 2024 and 2025. by the end of 2024.

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Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. New construction across King is projected to decline a surprising 11% in dollar terms in 2022. This is part of ongoing waterfront improvements (a topic previously covered ) that are scheduled to be completed in 2024.

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Will Springer Realtor

JUNE 13, 2023

This means the negative YoY price decline – which is in a range of minus 7%-11%, depending on the submarket – will slowly return to positive territory, likely by early 2024. Supply of resale housing (as opposed to new construction) is shrinking across our region. were in various stages of construction. There are 1.3 a month ago.

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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. BY THE NUMBERS. >> The average size of a newly constructed single-family home is now 2524 sq. million sq. That’s up from 2333 sq.

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Will Springer Realtor

MAY 12, 2021

Roughly 20 million Millennials will be entering their 30s, typically the time they purchase their first home, between now and 2024. Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. million individuals annually.

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Will Springer Realtor

NOVEMBER 10, 2023

The builder prepays the interest due to the mortgage company, which is typically a bank or credit union partnering with the construction company on the project. Proposition 1, starting in 2024, will tax property owners approximately 45 cents per $1,000 of assessed value. John Burns reports some builders are spending 6.5%

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Will Springer Realtor

JUNE 9, 2023

Another 14,716 units are under construction and more than 25,000 are in the planning stages, meaning they will likely start construction within about a year. The sellers, Cannabidiol business owners, are reportedly downsizing their living arrangements. BY THE NUMBERS >> The ratio of U.S. from 48.0% List: $7.25M ($756/sq.

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