Remove Buyers Remove Inventory Remove Retail Remove Transportation
article thumbnail

Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6%

article thumbnail

An inside look at the latest trends in housing regulation and policy, featuring the 2022 Vanguard Honoree, Armando Falcon

Housing Wire

Home prices have never been higher, pent-up demand stronger and housing inventory tighter. These conditions are challenging for even the average homebuyer, let alone low-income and minority buyers. banking, shopping, transportation).

Lending 327
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. “Consumer spending increased slightly, with some retailers reporting more robust sales over the holidays. In other markets, inventory growth accelerated substantially from the previous report.

Inventory 387
article thumbnail

Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. Remember: real estate is hyper-local! Household Finances – The Best (Ever).

article thumbnail

Appraising Factory-Built Houses

Appraisal Today

The prefabricated components are transported to the site and finished or reassembled there. million to more than $6 million, but that hasn’t put off buyers with that type of cash to spare. They also conducted an experimental survey asking homeowners to consider competing offers from all-cash and mortgage buyers.

article thumbnail

How Real Estate Appraisers look at Market Analysis

Valuation Nation

Even with the higher rates the shortage of inventory has not allowed prices to start tapering down, yet. Inventory levels. REO and Short Sale Inventory. Where is larger MSAs with public transportation and many live-and-work communities that exist, automobiles are not a requirement in every market. Long term rentals.

article thumbnail

Why Buy Commercial Real Estate? Deep Dive Into 6 Sought-After Property Types!

The Robert Weiler Company

Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease. Sweet Deals Sell Fast: Increasingly, would-be industrial property buyers find that municipalities are looking to incentivize certain businesses while de-incentivizing others.