Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. What are you expecting to see next year in terms of supply chain issues?

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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. Policymakers must focus on fixing the broken supply chain.

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The Robert Weiler Company

NOVEMBER 9, 2022

Consider your desired demographic of customers or renters and buyers and which amenities they would desire; attractions such as restaurants, malls, community centers, family parks, beaches, etc. Many buyers and renters worry about flood risk in today’s world. billion of new commercial real estate construction contracts in 2021.

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Housing Wire

FEBRUARY 25, 2021

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. All four areas saw contract transactions increase from a year-over-year standpoint. January was illustrative.

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Housing Wire

JULY 25, 2022

“We calculate that over 80% of metro areas are meaningfully overvalued,” Zandi said during the Recursion webinar. “… First-time homebuyers are locked out because they just simply can’t afford to buy … and trade-up buyers are locked in [with interest rates well below current market levels]. “So, Inventories are rising across the country.

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Housing Wire

DECEMBER 5, 2022

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It boxed out many first-time homebuyers who found themselves unable to compete against buyers willing to place a non-contingent offer above full price.

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Housing Wire

APRIL 20, 2022

Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. We did have faxes, it wasn’t the beginning of time, but everything is almost instantaneous now.”. Brokerages Invest in Tech. In 2021, 6.12

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Housing Wire

SEPTEMBER 14, 2022

Rapidly rising interest rates and skyrocketing home prices pushed many would-be buyers out of the market and tanked the refinance market,” the MAXEX report states. Contacts attributed the decline in sales to rising mortgage rates, coupled with high price inflation that crimped buyers’ budgets.

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The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. See below why we feel Ohio land for sale market is still ripe for growth.

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Will Springer Realtor

AUGUST 30, 2022

Discerning buyers will know when a home has been left to, well, age gracefully. Surveys have shown that buyers tend to focus on the condition of the kitchen – including the age of appliances – and bathrooms (among other factors) to determine whether they wish to make an offer.

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Housing Wire

FEBRUARY 22, 2022

Then there are the global supply chain issues, which have frustrated small-time homebuilders like Noel and the heads of publicly traded builders alike. The supply side of the equation has been extremely challenging, with no clear signs as to when things will get better,” Marshall said during the earnings call. Currently, over 1.7

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Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. A little more than a third of inventory is under contract. 1, was about 17% lower than Nov.

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Will Springer Realtor

JULY 13, 2023

The brighter news is that labor shortages and supply-chain disruptions are improving but it’s hardly “back to normal.” Home prices continued to confound buyers by climbing toward record highs as summer began. Another sale followed 11 days later and six others are under contract preparing to close.

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Will Springer Realtor

MARCH 14, 2022

The supply chain, already strained, may come under renewed pressure with threats to shipping lines and air travel. Similar fears exist for the energy supply, equity markets, currencies, electric and internet grids, and defense of nations aligned against Russia. Most home buyers focus on the direction of interest rates. “It’s

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Will Springer Realtor

MAY 9, 2023

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. Four other residences have traded hands this year and two more are under contract for sale. Why the desire to leave?

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Will Springer Realtor

NOVEMBER 10, 2023

Knowingly or not, associations can discriminate against potential home buyers by enforcing a community’s established rules that have the potential to limit people of certain classifications from purchasing a property. It’s working well for both builders and buyers. Buyers must qualify for the mortgage at the highest rate in the offer.

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Will Springer Realtor

NOVEMBER 12, 2021

However, a new Pew study finds a shift in home preferences with more consumers saying they want a larger home, even if it means local amenities are further away, as this chart shows: SUPPLY-CHAIN DISRUPTIONS. There is a mini power surge of buyers wanting to purchase before rates go higher,” Lennox Scott, CEO of John L.

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Will Springer Realtor

JANUARY 7, 2022

After a cooling off period to enjoy the holidays and avoid severe weather, buyers were back on the prowl for a new home as sellers prepped their properties for the seasonal rush. Buyers will continue to outstrip sellers but with slightly less intensity than in recent years. The biggest variable is Covid.

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