Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. There are also advantages to working with buyers in a less competitive marketplace. LOs do something new In an environment where every deal counts, some go niche.

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Loan Officers Mortgage Inventory Clients 393

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers.

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Business Marketing Real Estate Legal 404

Housing Wire

DECEMBER 23, 2020

Construction continued to play catch-up also as Novembers new-home inventory rose nearly 14% to a 4.1-month Presented by: Fannie Mae. Eager buyers have been snapping up available new homes, an increasing share of which have not even begun construction, at their highest pace in years.

Construction 408

Construction Inventory Buyers Marketing 408

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

SEPTEMBER 23, 2021

Khater said that homebuyers are soaking up all available inventory, which has improved slightly, while home-price growth is also moderating. Presented by: CoreLogic. Meanwhile, the housing market continues to lure buyers seeking their dream home as well as those looking to reduce their monthly payments through a mortgage refinancing.

Mortgage 442

Mortgage Inventory Construction Technology 442

Housing Wire

JUNE 22, 2021

“Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. Total housing inventory at the end of May grew to 1.23 Unsold inventory sits at a 2.5-month

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Inventory Buyers Realtors Housing Market 414

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

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Sellers Inventory Housing Market Buyers 382

Housing Wire

MAY 25, 2021

Home price data is consistent with the hypothesis that COVID-19 has encouraged potential buyers to move from urban apartments to suburban homes,” Lazzara said. This demand may represent buyers who accelerated purchases that would have happened anyway over the next several years. Presented by: MCT.

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Supply Chain Inventory Buyers Construction 404

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. Record-high demand for homes coupled with historically low inventory has driven prices up precipitously. And, a first home becomes a stepping-stone for first-time buyers to build wealth.

Housing Market 414

Housing Market Marketing Construction Insurance 414

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? See the inventory bumps as we head into the first quarter? Probably not.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

DECEMBER 10, 2020

Michael Martin, broker and owner of Des Moines Realty Group , said that there has been an increase in new construction, with home price points ranging from $250,000 to $300,000, which also attracts first-time homebuyers. Presented by: MCS . Housing inventory in the Des Moines housing market is tight.

Housing Market 433

Housing Market Marketing Realty Realtors 433

Housing Wire

MAY 25, 2021

In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. Presented by: MCT. This is not due to a lack of demand; quite the opposite, Speakman noted. to the highest level since 2006.

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Construction Technology Development Marketing 414

Housing Wire

NOVEMBER 2, 2022

Still, Powell presented a different tone in his press conference, indicating that thoughts of a potential pause would be premature. Buyers, on the other hand, are more in tune with higher mortgage rates and have more leverage in the market, loan originators and real estate echoed. Tables have turned for some sellers.

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Mortgage Sellers Contracts Buyers 404

Housing Wire

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. How would it compare in the eyes of the buyer? Know what’s going on with the new construction! Square feet matters, bedrooms, baths, views and condition are all taken into account.

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Sellers Construction Real Estate Finance 370

DataMaster

FEBRUARY 25, 2021

In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders. Eighty-one percent of all home buyers have bachelor degrees or higher with similar numbers in the Millennials group. Only 23 percent of buyers 40-54 had student loan debt with a median balance of $30,000. Covid-19.

Inventory 174

Inventory Buyers Construction Supply Chain 174

Housing Wire

DECEMBER 16, 2021

While the market has struggled with a lack of inventory in 2021 and builders have reported ongoing supply chain challenges, there are more than 700,000 homes under construction right now, and a growing inventory of new homes for sale. The inventory of existing homes remains quite tight at less than 2.5

Marketing 450

Marketing Mortgage Supply Chain Inventory 450

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. Phoenix, said Vogel, was already dealing with low housing inventory and increasing affordability issues.

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Construction Agents Development Real Estate Agent 370

Housing Wire

MARCH 16, 2022

The NAHB/HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.

Buyers 393

Buyers Supply Chain Construction Inventory 393

DataMaster

FEBRUARY 25, 2021

In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders. Education Eighty-one percent of all home buyers have bachelor degrees or higher with similar numbers in the Millennials group. Only 23 percent of buyers 40-54 had student loan debt with a median balance of $30,000.

Inventory 78

Inventory Buyers Construction Supply Chain 78

DataMaster

FEBRUARY 25, 2021

In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders. Eighty-one percent of all home buyers have bachelor degrees or higher with similar numbers in the Millennials group. Only 23 percent of buyers 40-54 had student loan debt with a median balance of $30,000. Covid-19.

Inventory 78

Inventory Buyers Construction Supply Chain 78

Cleveland Appraisal Blog

APRIL 29, 2021

The materials used in the construction and decoration of your home are also extremely important because they determine how structurally sound your property is, how it’s going to last over time, and how much maintenance it’s going to require. Again, there is not much you can do about construction materials. What Buyers Look For.

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Appraisal Investing Buyers Renovations 249

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. This fact will give hope to buyers for the long term but what about the more immediate future? Moreover, the age of repeat buyers is also ascending to 56 years of age. ."

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Appraisal Today

APRIL 5, 2024

February 2024 marked a dynamic period in the housing market, presenting opportunities and challenges for real estate appraisers. With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape.

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Appraisal Contracts Business Construction 76

Housing Wire

MAY 7, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

Construction 457

Construction Inventory Government Development 457

DW Slater Company

FEBRUARY 23, 2023

The demand for housing decreased with the higher mortgage rates as it decreased buyer power. The biggest answer is inventory. The inventory is still at very low levels. The charts presented here are just overall trends for all single-family homes in each county. Until we have more inventory, prices will hold.

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Inventory Marketing Supply Chain Appraisal 128

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. This will spur more construction and help ease upward pressure on home prices.”.

Supply Chain 534

Supply Chain Inventory Buyers Housing Market 534

Will Springer Realtor

JANUARY 25, 2022

Buyers tend to use their eyes to first capture the excitement of exploring rooms and discovering their features. Instead of letting their eyes do all the work, buyers should take an all-senses approach when touring a home. A buyer should not formally inspect the home without getting the okay from sellers.). What to do?

Buyers 36

Buyers Inspection Construction Training 36

Housing Wire

MARCH 23, 2021

While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates. Presented by: CreditXpert. The home can be in any stage of construction: not yet started, under construction or completed.

Construction 527

Construction Buyers Development Contracts 527

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. Presented by: Radian. “We won’t renegotiate with you, and that seems to help buyers a ton.” year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

FEBRUARY 25, 2021

And inventory shortages are the culprit. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. Presented by: Fannie Mae. For the fifth consecutive month , U.S. million in 2020.

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Supply Chain Inventory Housing Market Contracts 399

Housing Wire

DECEMBER 16, 2020

In December, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers, also fell four points from their previous highest recorded readings in November. Presented by: Fannie Mae. To help tame rising prices, the U.S.

Construction 393

Construction Housing Market Buyers Inventory 393

Housing Wire

DECEMBER 23, 2022

It didn’t help the builders that they had a global pandemic and we still have many new homes either in construction or that haven’t been started yet. months 290,000 new homes are still under construction, about 5.5 The builders will pull back on construction when the supply is 6.5 Here is the breakdown of the 8.6

Construction 370

Construction Housing Market Mortgage Sellers 370

Housing Wire

SEPTEMBER 28, 2022

A rebalancing of the housing market is continuing to throw the new construction market for a loop,” Nicole Bachaud, Zillow’s senior economist, said in a statement. However, the faster sales pace was not good news for inventory. But with fewer homeowners listing their existing homes, the overall housing inventory is again shrinking.

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Inventory Construction Housing Market Sellers 284

Housing Wire

FEBRUARY 18, 2021

Strong buyer demand in February helped offset supply chain challenges and a surge in lumber prices, according to Chuck Fowke, NAHB chairman. Presented by: Fannie Mae. Inventory remains low, as well. However, the gauge charting traffic of prospective buyers rose four points to 72.

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Supply Chain Construction Housing Market Inventory 424

Housing Wire

FEBRUARY 23, 2021

Presented by: Fannie Mae. Rates have slowly climbed back towards 3% in the past few months, but inventory is still low , keeping prices high. Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. But home prices have increased.

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Inventory Finance Contracts Construction 433

Housing Wire

DECEMBER 29, 2020

Home prices have continued to increase this year as a result of low inventory and high demand for homes. Craig Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices, said that it’s likely COVID-19 has pushed buyers to move from urban apartments to suburban homes. respectively.

Buyers 542

Buyers Construction Realtors Inventory 542