Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. This decline, coupled with the aforementioned low inventory levels, is set to rekindle suppressed buyer demand. Will we get more inventory? The strategy has changed for buyers.

Real Estate Agent 450

Real Estate Agent Real Estate Buyers Agents 450

Housing Wire

JULY 6, 2023

High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater. In addition, builders are recognizing the demand and the opportunity it presents, and they are pushing construction activity higher – about one-third of homes on the market are new construction, more than double normal levels.

Mortgage 384

Mortgage Construction Inventory Investors 384

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. construction workers.

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Renovations Real Estate Construction Contracts 384

Housing Wire

NOVEMBER 7, 2023

Present to your buyer clients just like you would in a listing presentation. 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.

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Clients Buyers Real Estate Agent Real Estate 432

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers.

Business 410

Business Marketing Real Estate Legal 410

Housing Wire

DECEMBER 23, 2020

Construction continued to play catch-up also as Novembers new-home inventory rose nearly 14% to a 4.1-month Presented by: Fannie Mae. Eager buyers have been snapping up available new homes, an increasing share of which have not even begun construction, at their highest pace in years. The West came in second at a 17.3%

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Construction Inventory Buyers Marketing 416

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. If I were a builder right now, I’d build as many houses as I could, because there is a lack of inventory, they’re pretty much the only sellers,” Roberts said.

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Loan Officers Mortgage Inventory Clients 397

Housing Wire

DECEMBER 8, 2023

How you conduct yourself and how you present to each buyer prospect should not vary by situation. Should they consider new construction? Find them the right home Inventory is scarce, and will likely stay that way for a while. There are other ways to find inventory rather than just using your MLS.

Clients 432

Clients Real Estate Inspection Buyers 432

Housing Wire

AUGUST 28, 2023

Established in 1995 by brothers Steven and David McCormick, First Centennial Mortgage offers a wide range of mortgage products, including conventional, FHA, VA building and construction, per the mortgage data platform Modex. The company had 227 active loan officers and originated $830 million in the last 12 months.

Mortgage 370

Mortgage Retail Loan Officers Construction 370

Housing Wire

SEPTEMBER 23, 2021

Khater said that homebuyers are soaking up all available inventory, which has improved slightly, while home-price growth is also moderating. Presented by: CoreLogic. Housing demand is strong heading into the fall, despite fast-rising home prices and low inventory,” said Kan.

Mortgage 450

Mortgage Inventory Construction Technology 450

Housing Wire

MAY 27, 2021

As rates rise, demand wanes and builders can catch up on the few months of inventory left for hungry borrowers. Presented by: Computershare Loan Services. If new home sales don’t grow, housing construction will slow down. The falling number of homeowners in mortgage forbearance will also bring about more inventory.”.

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Mortgage Inventory Housing Market Construction 466

Housing Wire

JUNE 22, 2021

“Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. Total housing inventory at the end of May grew to 1.23 Unsold inventory sits at a 2.5-month

Inventory 421

Inventory Buyers Realtors Housing Market 421

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

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Inventory Housing Market Buyers Sellers 544

Housing Wire

MAY 25, 2021

Presented by: MCT. Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. “With so few existing homes available for-sale, would-be buyers continue to eagerly seek out newly constructed homes, even as prices rise.”

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Supply Chain Inventory Buyers Construction 410

Housing Wire

JANUARY 28, 2021

Presented by: Acra Lending. Even as house prices increase at the fastest rate we’ve seen in years, competition to buy is strong given the low inventory that exists across the country. Following its rebrand from Citadel Servicing Corp. to Acra Lending, the company has also launched a new jumbo prime program.

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Mortgage Lending Construction Inventory 421

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

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Sellers Inventory Housing Market Buyers 384

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. Record-high demand for homes coupled with historically low inventory has driven prices up precipitously. According to the Radian Home Price Index , home prices rose 9.2%

Housing Market 421

Housing Market Marketing Construction Insurance 421

Housing Wire

DECEMBER 10, 2020

Michael Martin, broker and owner of Des Moines Realty Group , said that there has been an increase in new construction, with home price points ranging from $250,000 to $300,000, which also attracts first-time homebuyers. Presented by: MCS . Housing inventory in the Des Moines housing market is tight.

Housing Market 441

Housing Market Marketing Realty Realtors 441

Housing Wire

MAY 25, 2021

In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. Presented by: MCT. This is not due to a lack of demand; quite the opposite, Speakman noted. to the highest level since 2006.

Construction 421

Construction Development Technology Marketing 421

Housing Wire

DECEMBER 4, 2020

Presented by: Xome. “I Slower value growth will most likely occur from increased sales-inventory, which has been putting upwards pressure on prices for months now though recent housing starts data from the Census Bureau shows construction is finally playing catch-up. Here’s a scalable way to tackle it.

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Mortgage Contracts Construction Inventory 512

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! You’ll present more confidently and walk away with not only the listing but also the seller’s trust. Ignorance equals fear.

Sellers 370

Sellers Construction Real Estate Finance 370

Housing Wire

OCTOBER 6, 2023

housing market continue to present challenges for the entire housing system: chronic inventory shortages and an alarming number of destructive natural disasters stemming from climate change. Advanced robotic construction is the most promising path forward.” Two ongoing stories that have rattled the U.S.

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Inventory Construction Technology Realty 432

Housing Wire

AUGUST 16, 2023

Under the new regulations, construction of new residential buildings can continue in areas that have a designated water provider since homebuilders and developers do not need an AWS certificate to obtain a building permit. Phoenix, said Vogel, was already dealing with low housing inventory and increasing affordability issues.

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Construction Agents Development Real Estate Agent 370

DataMaster

FEBRUARY 25, 2021

This presents a dilemma. Inventory is in Short Supply in 2021. Not only do Millennials homebuyers have to figure out how to afford a home, they also have to deal with the sorry state of inventory! We’ve all seen the memes about the extremely low inventory in the housing market in 2021. New Home Construction.

Inventory 174

Inventory Buyers Construction Supply Chain 174

Housing Wire

DECEMBER 16, 2021

While the market has struggled with a lack of inventory in 2021 and builders have reported ongoing supply chain challenges, there are more than 700,000 homes under construction right now, and a growing inventory of new homes for sale. The inventory of existing homes remains quite tight at less than 2.5

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

Housing Wire

NOVEMBER 2, 2022

Still, Powell presented a different tone in his press conference, indicating that thoughts of a potential pause would be premature. While low housing inventory and sluggish new home construction still remain a challenge in the housing market, buyers are better positioned to negotiate contracts with contingencies, Davidson added.

Mortgage 410

Mortgage Sellers Contracts Buyers 410

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?

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Buyers Supply Chain Inventory Real Estate 98

Housing Wire

APRIL 23, 2024

From there — and when combined with employment in construction and housing permit data — the thinking around rates will become clearer. “If Simonsen began his presentation by talking about an early Altos interaction with both Goldman Sachs and Lehman Brothers. He began by looking at fresh inventory data.

Inventory 484

Inventory Housing Market Sellers Marketing 484

DataMaster

FEBRUARY 25, 2021

This presents a dilemma. Inventory Inventory is in Short Supply in 2021 Not only do Millennials homebuyers have to figure out how to afford a home, they also have to deal with the sorry state of inventory! We’ve all seen the memes about the extremely low inventory in the housing market in 2021.

Inventory 78

Inventory Buyers Construction Supply Chain 78

DataMaster

FEBRUARY 25, 2021

This presents a dilemma. Inventory is in Short Supply in 2021. Not only do Millennials homebuyers have to figure out how to afford a home, they also have to deal with the sorry state of inventory! We’ve all seen the memes about the extremely low inventory in the housing market in 2021. New Home Construction.

Inventory 78

Inventory Buyers Construction Supply Chain 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

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. " Housing Inventory Is Fannie Mae correct about the supply of sell-able homes in late 2021 and 2022? Some are counting on new construction and a sell-off by landlords to supplement the present reserve.

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Housing Wire

MAY 7, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

Construction 466

Construction Inventory Government Development 466

DW Slater Company

FEBRUARY 23, 2023

The biggest answer is inventory. The inventory is still at very low levels. There are multiple reasons that inventory is still low but two major reasons, are that building costs and supply chain issues keep new construction from building as much to meet demands and existing homes are not coming on the market.

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Inventory Marketing Supply Chain Appraisal 128

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 75

Appraisal Contracts Business Construction 75

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s. million in 2023. We are at 8.6

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

MARCH 16, 2022

The NAHB/HMI 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. This is the fourth straight month of homebuilder sentiment decline.

Buyers 397

Buyers Supply Chain Construction Inventory 397