Housing Wire

OCTOBER 12, 2023

1, investors are trying to make sense of the steady September inflation data and its impact on the Fed ‘s next rate-hike decision. If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. The inflation data comes on the heels of a stronger-than-expected September jobs report. in August and 0.2%

Government 322

Government Housing Market Contracts Insurance 322

Housing Wire

JANUARY 19, 2024

Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is why the Altos Research numbers we cite are always smaller than the NAR numbers, which accounts for all home types and those in contract.

Housing Market 407

Housing Market Inventory Contracts Marketing 407

Housing Wire

OCTOBER 26, 2022

Continuing to add for sale inventory from the new construction industry “is going to be vital to helping stabilize prices and affordability in the long run,” added Zillow senior economist Nicole Bachaud. With fewer buyers, some homebuilders have been selling homes in bulk to investors who plan to rent the properties out.

Inventory 290

Inventory Contracts Buyers Investors 290

Housing Wire

APRIL 21, 2022

All of their material seems more geared toward investor pitches and media buzz generation.”. A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. But the company was out of business by 2018.

Construction 386

Construction Supply Chain Investors Business 386

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. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 377

Inventory Housing Market Marketing Construction 377

Housing Wire

MAY 31, 2022

increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. during the same time.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Housing Wire

NOVEMBER 9, 2023

Aspirational pricing and competition from new construction has created more expired and withdrawn listings. New-build salespeople These are the salespeople who sit in the builder’s model homes and write up all those new construction contracts. Is there new construction nearby? Expireds usually have the wrong price.

Real Estate Agent 363

Real Estate Agent Real Estate Agents Open Houses 363

Housing Wire

FEBRUARY 18, 2022

Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. Homes went under contract in just 19 days on average, down from 21 a year ago. That translates to just 1.6 “While the 6.7

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

MAY 24, 2023

“Investors remained attuned to the uncertainty around the U.S. “Investors remained attuned to the uncertainty around the U.S. 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. Department of the Treasury.

Mortgage 378

Mortgage Inventory Retail Housing Market 378

Housing Wire

JANUARY 13, 2023

In addition, secondary market investors continue to show interest in well-underwritten, higher-rate loans secured by single-family rental properties. It looks to be about 50% investor properties,” Ben Hunsaker said of the planned NRMLT offering. Still, it’s far from all good news for nonbank lenders. million unemployed people.

Marketing 400

Marketing Investing Investors Landlords 400

Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here. percent from 5.49

Construction 52

Construction Appraisal Modernization Contracts 52

Appraisal Buzz

AUGUST 29, 2022

Construction has failed to keep up with the demand of households, especially with the increase during the COVID-19 pandemic. When a bid is placed and accepted on a home, the contract will most likely be contingent on an appraisal since most lenders won’t give to borrowers without one. This was due to an all-time housing shortage.

Transportation 370

Transportation Law Investing Investors 370

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Networking with potential investors will help you establish valuable relationships. Hire construction professionals you trust, and maintain oversight of the project throughout its duration. Hire construction professionals you trust, and maintain oversight of the project throughout its duration. Hire the right team.

Real Estate 303

Real Estate Development Appraisal Contracts 303

Housing Wire

MAY 24, 2022

months and above, the builders will pull back on construction. Unless you’re an investor, that is the traditional supply decision-making, which has made it hard for inventory to grow outside of extreme housing weakness or forced selling to get inventory above six months. When supply is 4.4 When supply is 6.5

Housing Market 390

Housing Market Inventory Construction Marketing 390

Housing Wire

DECEMBER 31, 2021

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. Servicing costs may rise as servicers work to meet the needs and requirements of borrowers, investors and regulators,” she added.

Marketing 415

Marketing Law Government Mortgage 415

Appraisal Today

APRIL 12, 2024

Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values. To read more, Click Here To see the listing with 40 photos Click Here = Can a New Construction Sale be Used as a Comp for an Older Home? baths, 14,450 sq.ft., Thanks to Tom for writing this blog post.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Housing Wire

OCTOBER 21, 2020

Lovern was actually on maternity leave at that time when open houses and contracts were paused. “In In March, you saw people draw back – we had some buyers terminate their contracts, we had some sellers pull listings out of health and safety – just really not knowing what this virus was all going to entail,” Lovern said.

Housing Market 545

Housing Market Marketing Real Estate Agent Real Estate 545

Housing Wire

MARCH 15, 2022

Investors will need to quantify and charge for the risk that they will be held accountable for [with respect to] the acts of third-party servicers …,” he said. “It It completely upends the construct of securitization.”. Into the Weeds. So, I certify both questions for interlocutory appeal.”. Moody’s Take. The End Game.

Legal 366

Legal Law Investors Finance 366

Appraisal Buzz

MAY 24, 2021

Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. If you want to be a real estate investor, you wouldn’t necessarily purchase multiple single-family properties when you could fit more tenants into one building. Here’s how to overcome any obstacles that may arise.

Appraisal 397

Appraisal Tenants Buyers Landlords 397

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Housing Wire

MARCH 2, 2022

When planning a project, developers figure out the income it will generate, divide that by the cost to build, and use that yield to recruit investors. Philadelphia recently offered developers a 10-year tax abatement for new construction. Once we accept that, it becomes easier to envision a more balanced approach.

Development 290

Development Real Estate Design Local Properties 290

The Robert Weiler Company

SEPTEMBER 9, 2022

Land investors choose land to buy in Ohio for many reasons. Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. What Should I Consider When Buying Land?

Real Estate 78

Real Estate Buyers Contracts Development 78

The Robert Weiler Company

SEPTEMBER 7, 2022

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Reports have revealed a strong land market. Commercial Real Estate Sales.

Marketing 78

Marketing Real Estate Investing Retail 78

Empire Appraisal Group

SEPTEMBER 16, 2021

And the number of contracts signed to buy homes, a leading indicator of final sales, has fallen for two straight months. Yet many other homeowners have been reluctant to sell during the pandemic, and the construction of new homes has foundered amid shortages of materials, land and labor. Sales of existing homes rose 1.5%

Contracts 78

Contracts Construction Realtors Investors 78

McKissock

APRIL 25, 2023

Businesses are observing a decline in demand for their goods and services, which should result in a further contraction of the labor market in the coming months. economy could experience a contraction this year. March saw a modest decline in residential construction as developers continued to navigate a challenging housing market.

Real Estate 86

Real Estate Appraisal Contracts Construction 86

Hank Miller Team

DECEMBER 1, 2021

But unless the buyer and agent have a working knowledge of construction and a level of experience that allows them to spot signs of trouble, the buyer may be walking off a cliff. Water issues can be present but if it's dry when the home is contracted, the buyer may not catch an issue.

Inspection 52

Inspection Buyers Real Estate Sellers 52

The Robert Weiler Company

SEPTEMBER 16, 2021

The most critical factors for commercial property investors are not the same as the typical home buyer. Cost of construction and materials. Independent and not contracted with any third party, institution, or broker. The primary concern is a place to live. Understanding the Process for Appraising Residential Property.

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 278

Renovations Investing Real Estate Marketing 278

Appraisal Today

JUNE 2, 2023

Solutions to Keep You Safe Make sure you have a complete signed purchase contract. In the appraisal, list how many pages of the contract you have in your possession (In case someone is hiding pages from you). The Glass Ladies were designed by Alon Zakoot and constructed over a period of seven years. percent from 6.69

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

Appraisal Today

DECEMBER 8, 2023

The last unit they bought was in mid-2022 as far as I can tell… To read more, plus the 45+ appraiser comments, Click Here Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic. Investor purchases of U.S. That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago.

Appraisal 67

Appraisal Real Estate Contracts Design 67

McKissock

JANUARY 6, 2023

An assessor may contract with an independent fee appraiser to help identify property characteristics, measure properties, confirm the building’s condition and quality of construction, or review assessment disputes from taxpayers. These may be full-time jobs or contracted services.

Appraisal 74

Appraisal Training Lending Land Management 74

Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract).

Real Estate 370

Real Estate Law Development Investors 370

The Robert Weiler Company

NOVEMBER 9, 2022

Also, see why Columbus is a hot spot for commercial real estate investors. billion of new commercial real estate construction contracts in 2021. DSW, Bath & Body Works, Wendy’s International, Victoria’s Secret, and Intel (under construction). It’s what we do! Budget, budget, budget! Express, Inc.,

Transportation 78

Transportation Real Estate Supply Chain Investing 78

Appraisal Today

MAY 26, 2023

Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. Appraisers analyze the purchase and sale contract to amass and verify data to have detailed data to use in the analytics of future assignments.

Easement 52

Easement Contracts Appraisal Inspection 52

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. ==. All cash and investors. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. My Comments on Market Changes.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Investors of mortgage-backed securities guide that rate discussion and they can be influenced by the overall financing world.)

Finance 68

Finance Inventory Construction Buyers 68

The Robert Weiler Company

APRIL 5, 2023

Industrial real estate investors and developers can’t add new properties to the market fast enough. 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. Consider subleasing.

Landlords 144

Landlords Tenants Logistics Real Estate 144