Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. In the new construction sector , NAR predicts sales to increase 4.5% year over year. year over year to 4.56 million for all of 2023.

Inventory 395

Inventory Realtors Contracts Construction 395

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 287

Contracts Realtors Home Value Housing Market 287

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%

Supply Chain 417

Supply Chain Inventory Buyers Realtors 417

Housing Wire

JULY 26, 2021

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. 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. The real estate industry and the U.S.

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Real Estate Agent Real Estate Sellers Legal 383

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Realtor.com®:

Real Estate 78

Real Estate Marketing Buyers Sellers 78

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.

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Construction Inventory Realtors Housing Market 344

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

Raleigh Realty

FEBRUARY 19, 2022

and in order to answer that question, you need to understand how Real Estate Agents make money. If you could go back to your first year as a Real Estate Agent, what advice would you give yourself? One of the first questions new Realtors have for me is always 'how much money will I make in my first year?'

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

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 380

Mortgage Inventory Retail Housing Market 380

Housing Wire

AUGUST 18, 2023

Arrogance is when they won’t listen to comps and have reasons other than real value to try to justify their price. 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!

Sellers 353

Sellers Construction Real Estate Finance 353

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

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. . “It is no longer a seller’s market,” said Nick Smith, founder at Rice Park Capital Management.

Mortgage 394

Mortgage Sellers Contracts Buyers 394

The Robert Weiler Company

APRIL 5, 2023

The pandemic created a spike in e-commerce sales and the need for data centers, transforming the industrial real estate market both nationally and locally, in Columbus, Ohio. Industrial real estate investors and developers can’t add new properties to the market fast enough. Calculate your space requirements.

Landlords 144

Landlords Tenants Logistics Real Estate 144

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. A few caveats; everything real estate is hyper local. Real estate has pretty predictable cycles, we all know them. Is new construction the answer?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

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.

Mortgage 355

Mortgage Real Estate Inventory Construction 355

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.

Appraisal 77

Appraisal Contracts Business Construction 77

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

Listing Spark

AUGUST 25, 2022

Home inspections are a critical part of real estate. Even if you’re buying new construction, you should be using a home inspector. And then I also teach CE classes to real estate agents as well. 19:10 – Why it’s important to use a home inspector for new construction. powered by Sounder.

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Inspection Real Estate Construction Sellers 36

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 384

Inventory Housing Market Marketing Construction 384

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

Housing Wire

NOVEMBER 30, 2023

If you’re exploring a real estate career in Akron, Cincinnati, Cleveland, Columbus, Toledo, or any other city in the Buckeye State, then your first step is to choose from the many real estate classes in Ohio to complete the 120 hours of approved pre-licensing education that the state requires.

Real Estate 376

Real Estate Real Estate Agent Law Inspection 376

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable?

Appraisal 67

Appraisal Real Estate Contracts Design 67

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 448

Construction Housing Market Inventory Buyers 448

Appraisal Today

SEPTEMBER 22, 2023

Broker-Associates and Appraisal Licensees accounted for 13% and two percent, respectively, while the remaining two percent reported holding other types of real estate licenses. They included appraisers, real estate agents, and someone with a week, a month, or online video training.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Miller Samuel

MARCH 19, 2019

In the original 2014 proposal by the Fiscal Policy Institute, the first item in the proposal is off to a bad start as they describe what happened in the market: These owners bid up the price of NYC residential real estate, and since they don’t spend much time in these units, contribute little to the local economy compared to full-time residents.

Real Estate 370

Real Estate Law Development Investors 370

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 395

Housing Market Marketing Supply Chain Real Estate 395

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. We have never seen a pandemic real estate market before. I listened to him for many years about real estate economics. No one did.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

AUGUST 18, 2023

The media coverage focuses on real estate agents having difficulty showing homes, etc. That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. In my small city, a local broker compiled a weekly list of sales and listings. But appraisers need other information.

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

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 384

Inventory Construction Development Housing Market 384

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. Boyd: Labor is a real problem and it is creating other problems for builders.

Supply Chain 361

Supply Chain Construction Inventory Finance 361

Appraisal Today

OCTOBER 20, 2023

At that time, the real estate market was still being wildly affected by the COVID pandemic. Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. Not all non-lender appraisals require a long time marketing to real estate agents.

Appraisal 71

Appraisal Design Contracts Inspection 71

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. Fewer buyers, fewer contract and sales. Listing inventory down as well, in the mix is the dearth of new construction when builders slammed on the brakes. Those numbers are rising again.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Listing Spark

SEPTEMBER 25, 2023

It’s been a wild ride for Texas real estate this year! Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. Here are five of the biggest change in the Texas Real Estate market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Housing Wire

SEPTEMBER 14, 2022

Boston — Higher interest rates cooled home-buying demand, leading to fewer closed sales in the First District’s residential real estate markets. Since the spring, inventories were substantially lower in Rhode Island, Maine, and Vermont, but moderately higher in Massachusetts (including Boston proper) and New Hampshire.

Construction 369

Construction Real Estate Inventory Supply Chain 369

Appraisal Today

JUNE 16, 2023

It also describes the risks of deficient residential real estate valuations, whether through omissions, errors, discrimination or lack of information. Local real estate agents wanted them. Vugrin was the protegé of organic architect Kendrick Bangs Kellogg during the 1980s when construction began. percent from 6.81

Appraisal 75

Appraisal Contracts Design Mortgage 75

Appraisal Today

JUNE 9, 2023

Quality refers to the quality of items, materials, and construction. To see the very interesting photos, click here Where pickleball and real estate meet By Ryan Lundquist Excerpts: Pickleball is all the rage, and today I want to talk about how the growth of the sport is becoming much more noticeable in real estate listings.

Appraisal 52

Appraisal Advertising Real Estate Contracts 52

Appraisal Today

JANUARY 5, 2024

Chance to really irritate annoying real estate salespeople. Added Kan, “The housing market has been hampered by a limited supply of homes for sale, but the recent strength in new residential construction will continue to help ease inventory shortages in the months (to) come.” percent of total applications from 39.4

Appraisal 75

Appraisal Contracts Legal Business 75