Housing Wire

DECEMBER 22, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). According to Robert Dietz, chief economist at the National Association of Home Builders (NAHB), new home inventory represented about 30% of the total inventory on the market in 2023, compared to the historical norm of 12%. This is 12.2%

Inventory 426

Inventory Government Development Marketing 426

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. This decline, coupled with the aforementioned low inventory levels, is set to rekindle suppressed buyer demand. Will we get more inventory? The strategy has changed for buyers.

Real Estate Agent 440

Real Estate Agent Real Estate Buyers Agents 440

Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. ” However, Basu notes supply chains are already facing new pressures in 2024. Builders like D.R.

Construction 459

Construction Supply Chain Transportation Buyers 459

Housing Wire

JANUARY 9, 2024

That increased capacity in the private-label securities market is key to continuing the momentum of home-equity lending into 2024, industry experts say. What remains an unknown, however, is whether housing inventory, pricing and interest rates will settle into a goldilocks zone that allows home equity lending to flourish.

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Lending Inventory Mortgage Finance 455

Housing Wire

JUNE 28, 2022

I developed a specific home-price growth model for the years 2020-2024 which said that if home-price growth grew at 23% for five years we would be fine, with total housing demand —both new and existing homes together — getting to 6.2 When it comes to the years 2020-2024, don’t think of a housing boom in sales or credit.

Housing Market 458

Housing Market Marketing Inventory Investors 458

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

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Agents Realtors Clients Real Estate Agent 380

Housing Wire

JANUARY 29, 2024

How much will the inventory shortage contribute to the rise in home prices this year? We have home prices increasing 3% in 2024. Kim: Fannie Mae removed its explicit call for a recession in 2024 and now expects “below-trend growth.” Connie Kim : Fannie Mae calls for mortgage rates to dip below 6% by the end of this year.

Housing Market 458

Housing Market Marketing Mortgage Investors 458

Housing Wire

NOVEMBER 4, 2021

From 2022 through 2024, this total represents a need for an additional 2.2 Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed. Top markets for affordable renovated housing inventory. million new hires for construction.

Construction 526

Construction Renovations Training Development 526

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” 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. According to Altos Research, as of Feb.

Housing Market 431

Housing Market Marketing Inventory Construction 431

Housing Wire

MARCH 30, 2023

I developed a ton of great relationships over that time there. I expect us to have around 15 producing LOs by the end of the year, really taking a big jump into 2024. Kim: I hear about the lack of inventory issues and bidding wars across the country. Kim: You mentioned 2024 is when you expect to see business accelerate.

Mortgage 381

Mortgage Retail Loan Officers Brokerage 381

Housing Wire

SEPTEMBER 28, 2020

This growth in demand is consistent with what I have been saying for many years – that if interest rates stayed low, good housing demographics in the years 2020 to 2024 would substantially drive up demand for housing, including new home sales, which will be the only period where we would start a year at 1.5 million a year.

Inventory 524

Inventory Buyers Mortgage Housing Market 524

Housing Wire

JULY 28, 2023

Demand in our residential purchase business continues to be pressured by affordability issues due to high mortgage rates along with low inventory that has kept home prices elevated. I would anticipate that we will have a national roll out probably within the next couple of years, as our development efforts progress,” DeGiorgio said. “I

Insurance 322

Insurance Investors Development Housing Market 322

Hank Miller Team

JANUARY 9, 2024

What is the forecast for the Atlanta real estate market in 2024? We can however, develop supported opinions by combining recent data, extensive local experience and cautious interpretation of the variables mentioned above. They cannot. In other words, confidently infer what we expect to see.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

JANUARY 16, 2024

It’s a positive development. The longer we stay with mortgage rates higher, the more inventory will build closer to where it used to be. Higher mortgage rates means more inventory. If mortgage rates fall into the 5s this spring, you should expect the available inventory to decline as demand picks up rapidly. Some 32.2%

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Inventory New Listings Sellers Contracts 452

Housing Wire

DECEMBER 14, 2022

The decision from the two-day Federal Open Market Committee meeting is encouraging news for the housing market, which has suffered due to still-elevated home prices , a lack of inventory and high mortgage rates that pose affordability challenges to would-be buyers. Policymakers now expect to lift borrowing costs to 5.1%

Mortgage 397

Mortgage Buyers Marketing Inventory 397

Housing Wire

JANUARY 1, 2024

HousingWire sat down with three industry leaders to discuss the housing affordability landscape in 2024: Mortgage Bankers Association (MBA) President and CEO Robert Broeksmit, National Housing Conference (NHC) President and CEO David Dworkin and Community Home Lenders of America (CHLA) executive director Scott Olson.

Insurance 458

Insurance Government Mortgage Inventory 458

Housing Wire

SEPTEMBER 12, 2023

“But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.” Hoff is referring to the need to retain borrowers in a competitive refi environment and to develop strategies to avoid early pay-off (EPO) penalties. and the second quarter of 2024 at 5.6%. and 2024 at 6%.

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

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. Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs. No pickleball court.

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Appraisal Contracts Business Construction 76

Housing Wire

JANUARY 26, 2024

Related Articles 8 top real estate lead generation companies for 2024 8 best places to buy real estate leads in 2024 The 11 best real estate CRMs for 2024 Our deep dive on the brokerages Thanks to the internet, we’ve got all kinds of information at our fingertips. There is continued value with KW for experienced agents as well.

Real Estate 411

Real Estate Brokerage Agents Real Estate Agent 411

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. It was and is controversial. Try this this bigger oar.

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Reconsideration of Value Appraisal Real Estate Insurance 69

Housing Wire

NOVEMBER 16, 2023

On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates. However, the rate of housing inflation is steadily falling and there are high hopes that interest rates will fall in 2024. In particular, the 10-year Treasury rate moved back to the 4.5%

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Inventory Construction Housing Market Finance 436

Housing Wire

OCTOBER 5, 2023

In the long run, we anticipate these holdings will be aggregated for securitization as this option is more scalable … but unless this securitization market develops, second liens will remain a small niche that primarily serves pristine borrowers.” It appears that securitization market has arrived. There’s plenty of demand.,

Housing Market 410

Housing Market Marketing Contracts Finance 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 449

Construction Supply Chain Inventory Housing Market 449

Birmingham Appraisal

FEBRUARY 6, 2024

In this post we’ll discuss average and median sold price, average days on the market (DOM), and months of inventory. On the other hand, if the days on the market for competitive properties are short and inventory is low this may indicate a less conservative pricing strategy.

Inventory 76

Inventory Real Estate Sellers Buyers 76

Housing Wire

SEPTEMBER 7, 2023

Sitzer/Burnett is scheduled to head to trial in mid-October and Moehrl is expected to head to court in the first half of 2024 with Nosalek most likely following shortly thereafter. When the day comes that a final verdict is reached, Steve Murray , the co-founder of RealTrends Consulting sees three possible outcomes.

Buyers 394

Buyers Agents Loan Officers Real Estate 394

Appraisal Today

JANUARY 5, 2024

Five USPAP Myths Dispelled in 2024 USPAP By Daniel A. Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Excerpts: 4 Bedrooms, 4.5 baths, 4,000 sq.ft.,

Appraisal 74

Appraisal Contracts Legal Business 74

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’. Higher disposable household income .

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Housing Wire

FEBRUARY 9, 2024

Lot inventory tightened on a quarterly basis, however, a signal of rising builder activity. 75% of builders intend to start more homes in 2024 compared to 2023, and those starts require lots. Miami and San Diego also posted tight inventories of land, a display of geographic and topographic limitations on land and lot development.

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Development Inventory Construction Real Estate 404

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. As always, the years 2020-2024 were going to be different.

Mortgage 478

Mortgage Inventory Housing Market Construction 478

The Robert Weiler Company

DECEMBER 14, 2023

This year, the Columbus City Council invested over $21 million in affordable housing, with plans to invest even more in 2024. Workforce development is a priority in Columbus – dozens of vocational and technical schools, colleges and universities, grants, and workforce development programs are available.

Real Estate 78

Real Estate Investing Business Development 78

Hank Miller Team

DECEMBER 6, 2023

Given the pandemic fueled real estate market and historically low housing inventory, it can be difficult to understand why a home fails to sell. Consider just how little inventory presently exists. Around Greater Atlanta, inventory is do 40-55 from four years ago, yet some sellers fumble their home sale.

Sellers 52

Sellers Buyers Agents Inventory 52

Housing Wire

DECEMBER 18, 2023

Recent economic readings suggest improving housing conditions in 2024. With the nation facing a considerable housing shortage, boosting new home production is the best way to ease the affordability crisis, expand housing inventory and lower inflation.”

Mortgage 477

Mortgage Development Buyers Housing Market 477

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. 9, 2024, Alabama had a 90-day rolling average of 11,894 active single-family listings, according to data from Altos Research. As of Feb. According to data from Altos Research, as of Feb.

Construction 393

Construction Supply Chain Inventory Agents 393

Housing Wire

APRIL 19, 2024

Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. ICC developed its own Learning Management System (LMS) that’s loaded with ICC’s vast library of training courses that also enables clients to easily create their own custom courses for their local training needs.

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Training Real Estate Agent Real Estate Agents 421

Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? However, the people who say low inventory is fake news don’t realize that housing credit channels are very different from 2008, which has prevented total active listings from looking anything like 2008. percent (±15.2 percent (±12.7

Inventory 483

Inventory Housing Market Construction Marketing 483

Housing Wire

NOVEMBER 27, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). However, new home sales were still up year-over-year due to a lack of housing inventory in the resale market. New single-family home inventory remained healthy in October with 439,000 homes available, representing a 7.8 What to expect in 2024?

Housing Market 395

Housing Market Construction Inventory Buyers 395