Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? How you conduct yourself and how you present to each buyer prospect should not vary by situation. Should they consider new construction?

Clients 391

Clients Real Estate Inspection Buyers 391

Housing Wire

JULY 6, 2023

Real estate markets also speak to resilient conditions, as buyers have accepted mortgage rates in the new normal of 6% – 7% range and kept a steady pace of sales over the past few months. The number of homes for sale has been growing, and properties are sitting longer on the market, giving buyers more options and time to decide.

Mortgage 378

Mortgage Construction Inventory Investors 378

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. The home-only lending market presents several major opportunities.

Business 403

Business Finance Buyers Lending 403

Housing Wire

SEPTEMBER 20, 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. The job openings rate in construction is also trending higher.

Construction 414

Construction Housing Market Marketing Buyers 414

Housing Wire

NOVEMBER 19, 2020

Presented by: VRM Mortgage Services. Now, these highly favorable mortgage rates are continuing to bring fresh buyers to the market, said National Association of Realtors chief economist, Lawrence Yun. to a seasonally adjusted annual pace of 1.53 million – the highest since this February.

Mortgage 546

Mortgage Construction Valuation Buyers 546

Housing Wire

JULY 17, 2023

This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before. These immersive experiences enable prospective buyers to explore properties in three dimensions from the comfort of their homes.

Real Estate 262

Real Estate Technology Business Real Estate Agent 262

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. Presented by: CreditXpert. Total construction employment remains 182,000 below its February 2020 level. Labor Department.

Inventory 498

Inventory Construction Housing Market Business 498

Housing Wire

OCTOBER 10, 2023

Many sellers have returned to offering concessions and dropping prices to entice buyers. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market. Across the country, homes are spending more days on the market as interest rates rise.

Home Improvement 445

Home Improvement Real Estate Agent Sellers Real Estate 445

Housing Wire

MARCH 20, 2024

NAR’s proposed settlement – which still needs court approval – includes several rule changes, including a new requirement that buyer agents to enter into a written buyer broker agreement with clients. That may be a slightly rosy framing of buyer agents’ impact on ZIllow’s revenues.

Investors 395

Investors Agents Real Estate Buyers 395

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. increase.

Construction 457

Construction Inventory Government Development 457

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. Presented by: Doma.

Buyers 538

Buyers Housing Market Real Estate Agent Real Estate 538

McKissock

MAY 7, 2021

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news. ” New home construction in the news. from February to a 1.02 “The U.S.

Construction 94

Construction Real Estate Design Appraisal 94

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 523

Supply Chain Inventory Buyers Housing Market 523

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. After losing 5,000 jobs in January, the construction sector rebounded gaining 60,000 jobs in February. Presented by: Auction.com. in January.

Construction 369

Construction Renovations Real Estate Marketing 369

Housing Wire

MARCH 23, 2021

Presented by: CreditXpert. The home can be in any stage of construction: not yet started, under construction or completed. At just two months supply left for existing homes, Fannie Mae chief economist Doug Duncan bets that buyers will gravitate toward the more readily available stock and new home smell.

Construction 527

Construction Buyers Development Contracts 527

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.

Business 346

Business Marketing Real Estate Legal 346

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 390

Construction Housing Market Buyers Inventory 390

Housing Wire

APRIL 26, 2023

To achieve deal flow, loan officers have been forced to come up with creative ways to persuade buyers they can make the deal work, half a dozen of mortgage professionals interviewed by HousingWire said. There are also advantages to working with buyers in a less competitive marketplace.

Loan Officers 388

Loan Officers Mortgage Inventory Clients 388

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

JUNE 16, 2021

The total number of homes under construction increased 1.2% — the 12th consecutive monthly increase and its highest level since 2007. Permits for new construction by homebuilders dropped 3%, largely because lumber and building material costs kept prices high. Presented by: Move Sales. million, up 4.2% from April.

Real Estate Agent 464

Real Estate Agent Construction Real Estate Inventory 464

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. Presented by: Agent Image. Sales of new single-family homes in August were at a seasonally adjust annual rate of 685,000, up 28.8%, but down 0.1% compared to a year ago. “A

Inventory 253

Inventory Construction Housing Market Sellers 253

Housing Wire

JUNE 1, 2021

Presented by: Altisource. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. In order for investors to qualify for the credit, buyers must make no more than 140% of area median income.

Renovations 502

Renovations Development Investors Legal 502

McKissock

JULY 17, 2022

LendingTree analyzed the changes of homebuilding-related variables from 2019 to 2021 by region and discovered an increase of 47% in stalled construction projects, despite the growing demands for new homes. . Also, with unemployment under 4%, construction companies are having a hard time finding enough employees to meet their demand.

Construction 68

Construction Real Estate Agent Supply Chain Real Estate 68

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? Home buyers are teed up and ready to write…once something decent pops.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

OCTOBER 19, 2020

In October, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers either matched or climbed above their previously highest readings ever, the release said. Presented by: Altisource. How 2020 continues to impact mortgage closings. The real test will be keeping up with volume.

Housing Market 376

Housing Market Construction Buyers Inventory 376

Housing Wire

DECEMBER 29, 2020

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. Presented by: Fannie Mae. respectively. The last time that the National Composite matched this month’s 8.4% Census Bureau.

Buyers 542

Buyers Construction Realtors Inventory 542

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. However, the gauge charting traffic of prospective buyers rose four points to 72. Per the NAHB , January’s score of 83 was a four-month low.

Supply Chain 422

Supply Chain Construction Housing Market Inventory 422

Hank Miller Team

NOVEMBER 8, 2021

It’s closing day and the buyers walk the home before heading to the attorney’s office. Can a home buyer terminate on closing day because of condition and refuse to close? The seller’s disclosure can indicate issues that may or may not be present on binding agreement day but may be present on closing day.

Buyers 95

Buyers Contracts Sellers Legal 95

Housing Wire

NOVEMBER 17, 2022

Presented by: Teraverde. Prices for construction materials and labor remain significantly elevated, though material costs have shown some signs of easing. On the labor side, according to the October jobs report, average hourly earnings in construction were up 6.6% percent,” Kushi said.

Construction 313

Construction Housing Market Business Development 313

Housing Wire

OCTOBER 11, 2021

Don’t expect a buying or construction boom during this period. But housing demand won’t just be from millennials and Gen Z coming into home-buying age: we will also have our move-up, move-down, cash and investor buyers adding to the demand. Presently, and for the next few years, we just have a lot more people.

Housing Market 532

Housing Market Marketing Construction Investors 532

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. The West came in second at a 17.3%

Construction 303

Construction Inventory Buyers Marketing 303

Housing Wire

SEPTEMBER 23, 2021

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. The inventory situation is improving, with more new homes under construction and more homeowners listing their home for sale.”.

Mortgage 441

Mortgage Inventory Construction Technology 441

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.

Construction 414

Construction Technology Development Marketing 414

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.

Supply Chain 403

Supply Chain Inventory Buyers Construction 403

Housing Wire

JUNE 23, 2021

While these metrics are an advantage to existing homeowners who can capitalize on home appreciation, it presents a challenge for new homebuyers trying to enter the market. A downpayment can be a major barrier for first-time buyers—student debt, stagnating wages, and the increasing cost of rent all make it difficult to save.

Housing Market 385

Housing Market Marketing Construction Insurance 385

Housing Wire

OCTOBER 10, 2023

Like you, as a real estate agent, I have prepared many reports analyzing pricing trends to help provide guidance to buyers, sellers and investors alike. For buyers , it can help them determine if the property they’re interested in is priced correctly and if it is a sound purchase. You get the picture!

Marketing 382

Marketing Real Estate Agent Clients Tools 382

Housing Wire

JANUARY 6, 2021

This is the first of the company’s strategic homebuilder partners to offer the services to new-construction customers, and they’re starting with the Florida market. The iBuyer said that listing options will also be available to Offerpad’s other homebuilder partners and their buyers over the next few months.

Construction 221

Construction Sellers Real Estate Buyers 221