Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). in 2024, and housing starts will fall 7.3% annual in 2024 to 1.54 annual increase in 2024, bringing existing home sales back up to 5.26 In the new construction sector , NAR predicts sales to increase 4.5%

Inventory 432

Inventory Realtors Contracts Construction 432

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). in 2024, according to NAR’s forecast. million in 2024. On the flip side, newly constructed home sales are forecast to increase 12.3%

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). in 2024 Despite these conditions, Yun still expects annual existing home sales to drop 11.1% annual jump in 2024.

Housing Market 432

Housing Market Realtors Contracts Buyers 432

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. It requires economic and income growth and, most importantly, a steady buildup of home construction.” In 2023, 4.09 million units in December, down 1.0% from a year prior.

Inventory 441

Inventory Realtors Housing Market Construction 441

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 421

Loan Officers Clients Mortgage Construction 421

Housing Wire

SEPTEMBER 13, 2023

Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. “The recent rent and house price declines are only just starting to show up in the CPI and will likely drag down headline CPI through 2024,” added Potapov. The rent index was up 7.2% a year earlier. .

Landlords 397

Landlords Insurance Construction Realtors 397

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. Jane Doe is an industry-leading Realtor with a talent for selling unique properties.” Jane Doe was recognized by the Orange County Board of Realtors as a top performer.”

Real Estate Agent 410

Real Estate Agent Real Estate Agents Clients 410

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 384

Housing Market Insurance Realtors Buyers 384

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 441

Housing Market Marketing Inventory Construction 441

Lamacchia Realty

APRIL 17, 2024

Hardwood floors are typically constructed from solid wood planks or engineered wood, both designed to withstand heavy foot traffic. This combination of natural strength, construction, and maintenance options makes wood floors a compelling selling point for your home. Trust your REALTOR® to sell your home for what it’s worth.

Home Value 63

Home Value Buyers Realtors Realty 63

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 410

Construction Supply Chain Inventory Agents 410

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

Construction 450

Construction Supply Chain Inventory Housing Market 450

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 284

Construction Retail Mortgage Contracts 284

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. A recent report by online home marketplace Zillow estimates that the nation needs 4.3

Inventory 466

Inventory Renovations Real Estate Government 466

Housing Wire

MAY 16, 2024

A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. While many metro areas currently offer an advantage where you can purchase a new construction home for a similar price or even less than the average area home, there is still a 23.8%

Construction 439

Construction Law Finance Realtors 439

Housing Wire

SEPTEMBER 21, 2023

“While homebuilder sentiment is clearly impacted by the recent surge in mortgage rates , permits for single-family homes provide a positive outlook for the pace of construction in the year ahead. The MBA expects mortgage rates should begin to reflect that the Fed’s moves in 2024 will be cuts – not further increases. in 2024 and 5.1%

Real Estate 421

Real Estate Mortgage Buyers Inventory 421

Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). Meanwhile, new construction of both single-family and multifamily homes receded in March. Mortgage rates, which had been expected to fall in 2024, have inched up close to 7% and seem poised to remain higher for longer.

Inventory 421

Inventory Real Estate Agent Sellers Buyers 421

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.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Will Springer Realtor

JULY 26, 2022

Construction on the new bridge is underway, along with the promenade and pool pavilion for sharks and stingrays. It’s important to note only one additional condo is planned to open in the near-term – First Light, a 459-unit, luxury high-rise at 3 rd Avenue and Virginia Street with a tentative opening of 2023 (but more likely 2024).

Marketing 69

Marketing Buyers Construction Realtors 69

Housing Wire

NOVEMBER 30, 2023

Program follows a blueprint developed by the OH Association of Realtors®. Here are the sites and links you’ll find the most helpful: Ohio.gov, Real Estate Education Providers Ohio.gov, Real Estate & Professional Licensing Ohio REALTORS

Real Estate 421

Real Estate Real Estate Agent Law Inspection 421

Will Springer Realtor

DECEMBER 19, 2023

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. More than 75% of homes on the market are deemed too expensive for middle-class buyers, according to a study from the National Association of Realtors® (NAR) and realtor.com. by December 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.

Housing Market 473

Housing Market Inventory Contracts Marketing 473

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 384

Inventory Construction Realtors Marketing 384

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. Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. trillion compared to $2.75 trillion in 2021.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Appraisal Today

JANUARY 19, 2024

January 17, 2024) — Mortgage applications increased 10.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 12, 2024. Some are busy, usually with non-lender appraisals Mortgage applications increased 10.4 Or hit the reply button.

Appraisal 74

Appraisal Contracts Real Estate Architecture 74

Housing Wire

APRIL 11, 2022

Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. million total housing starts until 2020-2024, when demand would warrant that many housing starts. We had a few years where sales missed expectations in 2013, 2014, and 2015.

Inventory 504

Inventory Housing Market Marketing Modernization 504

Will Springer Realtor

FEBRUARY 13, 2024

This will skew figures, particularly in Seattle where more ADUs are under construction than traditional single-family residences. The National Association of Realtors® (NAR) reported last year was the weakest for U.S. in Q1 2024 (previous forecast: 7.0%) 6.2% in Q2 2024 (previous: 6.8%) 6.0% in Q3 2024 (6.6%) 5.8%

New Listings 54

New Listings Buyers Inventory Lending 54

Housing Wire

MARCH 29, 2022

Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. million total housing starts until 2020-2024, when demand would warrant that many housing starts. We had a few years where sales missed expectations in 2013, 2014, and 2015.

Inventory 410

Inventory Housing Market Marketing Modernization 410

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 81

Appraisal Contracts Business Construction 81

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

The Rise of New Construction Homes New construction is stepping up to fill the void in the market. In cities like Houston and Dallas, new construction now accounts for a substantial 28% of the market, meaning more than one out of every four homes sold is newly constructed.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

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. BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index.

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. percent 2023: 4 percent 2024: 3.6 That’s the question on every homebuyer and seller’s mind. No matter what the headlines may say, experts have answers that can help you enter the market with confidence.

Inventory 52

Inventory Buyers Sellers Investing 52

Will Springer Realtor

SEPTEMBER 12, 2023

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. As the number of buyers with mortgage financing diminish, the ratio of all-cash purchasers has risen to 30%, according to the National Association of Realtors®. by the end of 2024.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

MARCH 12, 2024

“The job market is solid, and the country’s total wealth reached a record high due to stock market and home price gains,” stated Lawrence Yun, chief economist for the National Association of Realtors® (NAR). Because new home construction hasn’t kept up. This combination of economic conditions is favorable for home buying.

Buyers 57

Buyers Construction Sellers Inventory 57

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

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

NOVEMBER 14, 2023

Only one in five homes on the market in the Pacific Northwest included multiple offers to buy the listed property in September, according to info from the National Association of Realtors® (NAR); that compares with one in three homes sold across the nation. in 2024 and 4.5M Among all U.S. sales volumes – to a forecast 4.1M

Inventory 36

Inventory Buyers Sellers New Listings 36