Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% Although inventory has increased from February of last year, the number of homes available for sale is just half of what it was three years ago. In-contract deals rose 0.7% from February 2022. decline from a year ago.

Contracts 285

Contracts Realtors Home Value Housing Market 285

Housing Wire

SEPTEMBER 7, 2023

She expects a market contraction this fall in the housing sector. MBA President and CEO Bob Broeksmit is of the same opinion: “The housing market appears to be stuck heading into autumn, with sales activity likely to stay stagnant until housing inventory increases and mortgage rates decline to more affordable levels,” he said in a statement.

Housing Market 405

Housing Market Mortgage Marketing Contracts 405

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market. Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” in 2023, to 720,000. in 2024, to 820,000.

Construction 341

Construction Inventory Realtors Housing Market 341

Housing Wire

JUNE 23, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

Mortgage 322

Mortgage Contracts Construction Government 322

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% Homes went under contract in just 19 days on average, down from 21 a year ago. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3% from a year earlier, though the median existing-home price rose 15.4%

Supply Chain 407

Supply Chain Inventory Buyers Contracts 407

Housing Wire

MAY 24, 2023

The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. “Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications,” Kan said.

Mortgage 379

Mortgage Inventory Retail Housing Market 379

Housing Wire

NOVEMBER 7, 2023

One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. Change the search area, change the type of home or find an equally great school district to look in that has more inventory. Be one step ahead of the process once they’re under contract. Find them their dream home.

Clients 368

Clients Buyers Real Estate Agent Real Estate 368

Housing Wire

DECEMBER 4, 2020

However, Nothaft expects that mortgages originated today, with a contract rate of 3% or lower, are more likely to have a relatively long life and lenders will not see them coming into refinance anytime soon. Especially when contract interest rates for refis are below 3%. On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

Mortgage 509

Mortgage Contracts Construction Inventory 509

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. Should they consider new construction? Find them the right home Inventory is scarce, and will likely stay that way for a while. Do they have realistic expectations?

Clients 388

Clients Real Estate Inspection Buyers 388

Housing Wire

JUNE 17, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. “With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

Mortgage 446

Mortgage Housing Market Contracts Construction 446

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. ” Contract signings on new homes increased 13.1% ” Contract signings on new homes increased 13.1% year over year. .

Supply Chain 417

Supply Chain Inventory Buyers Realtors 417

Housing Wire

DECEMBER 20, 2023

Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. If your buyers can’t or won’t compete for scarce inventory, change your strategy. Look for new construction, even if your buyers don’t think they will like it.

Real Estate Agent 360

Real Estate Agent Buyers Real Estate Clients 360

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. Know what’s going on with the new construction! Are they already in contract on something? Square feet matters, bedrooms, baths, views and condition are all taken into account.

Sellers 351

Sellers Construction Real Estate Finance 351

Housing Wire

JULY 26, 2021

And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. That market, which is fiercely competitive, allows consumers the best chance to see all inventory and make informed decisions. No one helps them with the negotiation process.

Real Estate Agent 383

Real Estate Agent Real Estate Sellers Legal 383

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . Six months ago, if someone would’ve given a contingent offer, they would’ve gotten laughed at,” Davidson said.

Mortgage 392

Mortgage Sellers Contracts Buyers 392

Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history. When supply is 4.3

Contracts 537

Contracts Construction Supply Chain Marketing 537

Appraisal Today

APRIL 5, 2024

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. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. percent from 6.93

Appraisal 76

Appraisal Contracts Business Construction 76

Housing Wire

JUNE 17, 2021

. “Since reaching a survey-high 927,000 units in October 2020, the annual pace of new home sales has now fallen around 20 percent, weighed down by low housing inventory and rising prices,” said Kan. In that data, new home sales are recorded at contract signing, which typically occurs with the mortgage application.

Inventory 495

Inventory Construction Contracts Mortgage 495

Hank Miller Team

DECEMBER 17, 2021

The Jan/Feb inventory bounce always happens; and it did in 2020 until the world stopped. See the inventory bumps as we head into the first quarter? Right now (mid Dec 2021) we’re dragging the bottom for inventory; we're finding old shipwrecks, dead fish, plenty of garbage and a few Mafia bodies. Is new construction the answer?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

Construction 445

Construction Housing Market Inventory Buyers 445

Housing Wire

MAY 22, 2023

Existing home sales have been largely in line with the ESR Group’s recent forecast of further gradual declines throughout the year, which were expected due to affordability constraints and tight existing home sales inventory of existing homes for sale.

Construction 381

Construction Inventory Government Contracts 381

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

Inventory 380

Inventory Housing Market Marketing Construction 380

Housing Wire

JANUARY 19, 2023

“Housing starts fell again in December, but there are hopeful signs that builders will see a boost in buyer traffic in the coming months and new housing construction may have bottomed,” Lisa Sturtevant, BrightMLS’ chief economist, said in a statement. Builders watched inventories rise as buyers canceled contracts and new orders dried up.

Inventory 381

Inventory Construction Development Housing Market 381

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Residential construction costs started to moderate this period.

Mortgage 351

Mortgage Real Estate Inventory Construction 351

Empire Appraisal Group

SEPTEMBER 8, 2022

Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). “Homebuilder confidence suffers near-record plunge” (Newsweek).

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

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

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. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 358

Supply Chain Construction Inventory Finance 358

Eppraisal

NOVEMBER 30, 2021

This is partly due to the shortage of available housing inventory this year. They will ask for a deposit to hold the lot for a few days until an appointment is made to sit down together and write the formal sales contract. Home values are increasing, so it is a smart idea to write a contract before they raise the prices.

Contracts 36

Contracts Home Value Design Development 36

The Robert Weiler Company

APRIL 5, 2023

Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. Renters are outpacing the construction of industrial units and warehouses. Warehouse space is typically taller than office space, allowing you more vertical space to store inventory. Calculate your space requirements.

Landlords 144

Landlords Tenants Logistics Real Estate 144

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. For now, though, the low inventory means housing starts have legs to move higher. months, the builders are ok with construction as long as new home sales grow. If supply goes over 6.5 Hard pass.

Inventory 543

Inventory Construction Government Housing Market 543

Housing Wire

MAY 23, 2023

Last year, while the Census Bureau was reporting the new home sales numbers and the builders were having high cancellation rates, the monthly sales report didn’t account for the cancellations of contracts. months and above, the builders will pull back on construction. The Inventory for homes completed is at 70,000 = 1.23

Inventory 518

Inventory Housing Market Construction Marketing 518

GoForrmz

JANUARY 17, 2023

You can use other platforms to track your expenses, digital accounting software to give you the flexibility of direct deposits, and even digital inventory tracking platforms to ensure you know exactly what you need from your next vendor order.

Business 146

Business Legal Clients Inventory 146

Housing Wire

FEBRUARY 26, 2024

It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready. months , the builders will pause construction. Why so low? Well, builders are in business to make money, they’re not a charity.

Construction 524

Construction Business Contracts Marketing 524

Housing Wire

OCTOBER 26, 2022

The builders will pull back on construction when the supply is 6.5 From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted When rates rose back in March, there was a considerable risk to the business model with many homes under construction. months of supply is still under construction 2.1

Construction 442

Construction Inventory Contracts Buyers 442

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. New contracts dipped as affordability is out of reach for so many. Inventory is very low and just inching up now week over week late in the summer. Before that change, it looked as though inventory had peaked for the year.

Contracts 367

Contracts Inventory Housing Market Buyers 367

Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period.

Appraisal 74

Appraisal Contracts Inspection Real Estate 74

Appraisal Today

JUNE 16, 2023

Vugrin was the protegé of organic architect Kendrick Bangs Kellogg during the 1980s when construction began. Rates that are still more than a percentage point higher than a year ago, and low for-sale inventory continue to constrain homebuying activity in many markets. The average contract interest rate for 5/1 ARMs decreased to 5.90

Appraisal 74

Appraisal Contracts Design Mortgage 74