Appraisal Buzz

APRIL 25, 2024

compared with March 2023, according to the National Association of Realtors (NAR). Meaningful gains will only occur with declining mortgage rates and rising inventory,” Yun says. Pending home sales increased 3.4% in March compared with February and were up 0.1% NAR forecasts that existing-home sales will rise by 9% in 2024 to 4.46

Inventory 195

Inventory Construction Realtors Appraisal 195

Inman

MARCH 28, 2024

Fueled by positive job growth and an increase in available housing, the National Association of Realtors' Pending Home Sales Index rose 1.6 percent in February, according to data released Thursday.

Inventory 144

Inventory Realtors Construction 144

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory continues to prevent housing demand from being fully realized.” annual drop recorded in April.

Contracts 312

Contracts Inventory Housing Market Realtors 312

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). 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.

Inventory 392

Inventory Realtors Contracts Construction 392

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 411

Realtors Buyers Inventory Sellers 411

Housing Wire

OCTOBER 22, 2020

million, the National Association of Realtors said in a report on Thursday. That surge in potential buyers, however, may be met with what Yun says is historically low inventory. At the end of September, housing inventory totaled 1.47 from one year ago when inventory sat at 1.82 Compared to a year ago, sales are up 20.9%.

Inventory 527

Inventory Buyers Realtors Housing Market 527

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year.

Inventory 461

Inventory Construction Mortgage Buyers 461

Birmingham Appraisal

MARCH 26, 2024

Prices have held steady and even increased in some areas due to limited inventory. They wanted to know if it was okay to use a new construction sale as a comp for an older home. The cost approach is most relevant for new or like new construction. The market dynamics have changed namely interest rates.

Construction 79

Construction Appraisal Process Appraisal Bracketing 79

Housing Wire

APRIL 20, 2023

monthly increase in February , breaking a year long streak of declines, existing home sales were back down again in March, according to a report from the National Association of Realtors (NAR), released Thursday. At the end of March, NAR reported that the inventory of unsold existing homes was up to 980,000, an increase of 1.0%

Inventory 346

Inventory Housing Market Realtors Mortgage 346

Birmingham Appraisal

MARCH 26, 2024

Prices have held steady and even increased in some areas due to limited inventory. They wanted to know if it was okay to use new construction sales in an appraisal of an older home. The cost approach is most relevant for new or like new construction. The market dynamics have changed namely interest rates.

Construction 71

Construction Appraisal Appraisal Process Bracketing 71

Housing Wire

MARCH 8, 2024

In February, employment continued to trend up in construction, adding 23,000 jobs month over month. Average hourly earnings for private-sector employees grew by 0.1% month over month to $34.57 and were up 4.3% from a year ago. Job openings were essentially unchanged at 8.9 million at a rate of 5.4%, down from 10.4 million the prior year.

Transportation 417

Transportation Retail Housing Market Construction 417

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). Home prices will be influenced by how much inventory is brought to market. annual drop recorded in May. “It in 2023, to 720,000.

Construction 341

Construction Inventory Realtors Housing Market 341

Housing Wire

JUNE 3, 2021

Home prices continue to accelerate while inventory remains low and new home construction cannot happen fast enough,” said Sam Khater, Freddie Mac’s chief economist. Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” said Kan.

Mortgage 312

Mortgage Inventory Construction Realtors 312

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. Housing demand is strong heading into the fall, despite fast-rising home prices and low inventory,” said Kan. The post Mortgage rates continue to idle at 2.88% appeared first on HousingWire.

Mortgage 445

Mortgage Inventory Construction Technology 445

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Barnes said.

Renovations 380

Renovations Realtors Construction Mortgage 380

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns. Why Is U.S.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

DECEMBER 3, 2020

It’s not uncommon to hear that bids on homes are that high, according to Stacie Herrig, a Realtor with Epic Realty in Meridian, Idaho, and sometimes she can see 10 to 20 offers on a home. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. But last week, I listed a home for $1.17

Marketing 532

Marketing Realty Realtors Housing Market 532

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans.

Business 342

Business Marketing Real Estate Legal 342

Housing Wire

SEPTEMBER 22, 2022

“Homebuilders may have been reluctant to do so until recently as supply chain bottlenecks and labor shortages have resulted in an elevated share of homes for sale still being under construction compared to the historical norm,” according to the report by the ESR Group. In August, the national inventory of unsold existing homes was at 3.3-month

Housing Market 403

Housing Market Supply Chain Marketing Inventory 403

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. “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. Unsold inventory sits at a 2.5-month

Inventory 401

Inventory Buyers Realtors Housing Market 401

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. 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.”. “The

Mortgage 462

Mortgage Inventory Housing Market Construction 462

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% annually to $350,000, according to the Friday report from the National Association of Realtors. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3% from a year ago. “While the 6.7

Supply Chain 407

Supply Chain Inventory Buyers Contracts 407

Housing Wire

MARCH 25, 2021

Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand. million, according to the National Association of Realtors. That’s a full 5% drop. Even a slight quarter turn in rates will cause many borrowers to wait out the market. month-over-month.

Mortgage 539

Mortgage Construction Realtors Inventory 539

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 468

Mortgage Real Estate Agent Renovations Finance 468

Housing Wire

SEPTEMBER 21, 2022

million, according to a report from the National Association of Realtors (NAR) released Wednesday. In August, NAR found that the inventory of existing homes dropped 1.5% Inventory will remain tight in the coming months and even for the next couple of years,” Yun said. month over month in August to a rate of 4.80

Inventory 360

Inventory Sellers Realtors Housing Market 360

Housing Wire

APRIL 27, 2021

Also, less than a year ago JPMorgan Chase pledged $625 million to American Homes 4 Rent for construction of 2,500 single-family rentals in the Southeast and West. The record sales numbers of last fall have now been eclipsed by a story of free falling inventory. for the last two months, according to the National Association of Realtors.

Real Estate 355

Real Estate Renovations Inventory Retail 355

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. The low interest rates continue to make conditions ideal for homebuyers.”.

Housing Market 433

Housing Market Marketing Realty Realtors 433

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. ” Ruben Gonzalez, Keller Williams chief economist, added that he is “optimistic” new home construction will pick up.

Supply Chain 417

Supply Chain Inventory Buyers Realtors 417

Housing Wire

MARCH 29, 2023

regions, but declined in the West, according to the National Association of Realtors. 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. Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1%

Contracts 285

Contracts Realtors Home Value Housing Market 285

Housing Wire

NOVEMBER 3, 2020

Data from the National Association of Realtors and U.S. COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic. Luxury home sales took off in the third quarter by 41.5%, according to a report from Redfin.

Inventory 468

Inventory Housing Market Construction Realtors 468

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Where ‘inventory’ was the big concern in 2021 and early 2022, the concern today is ‘affordability,’ with the combination of substantial price increases and rising rates simply pricing more and more Americans out of the market,” Green said.

Mortgage 404

Mortgage Loan Officers Buyers Inventory 404

Housing Wire

DECEMBER 28, 2021

In fact, Paradise’s housing market, though constrained by unresolved wildfire litigation and issues like proper home insurance, even has the high-demand, low inventory problems of most other U.S. We have had over 200 lots active on the market at one time since 2019, so we are a little low on inventory.”.

Insurance 308

Insurance Realty Agents Construction 308

Raleigh Realty

FEBRUARY 19, 2022

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. What is the average price of sold homes in your area?

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Housing Wire

SEPTEMBER 22, 2022

I go into real estate offices and Realtors have zero listings for the week,” said the LO, who requested anonymity to protect the business of her partners. “I This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. And it’s going to get worse.

Mortgage 376

Mortgage Loan Officers Inventory Retail 376

Housing Wire

JANUARY 7, 2022

That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. By the numbers, Springfield is dealing with a similar high-demand, low-inventory quandary as the rest of the country, though with lower prices.

Housing Market 328

Housing Market Marketing Real Estate Agent Agents 328

Housing Wire

AUGUST 3, 2023

A third of the way into Q3, Rocket sees purchase mortgage shares growing but the lack of inventory will continue to be a challenge. “The The challenge comes back to the inventory levels,” Brian Brown, CFO said in the earnings call. The trends are very consistent, particularly on the purchase side with what we saw in Q2.

Clients 303

Clients Business Inventory Mortgage 303

Housing Wire

JULY 12, 2023

In the meantime, with inventory hovering around record lows and mortgage rates north of 7%, a generation of Americans is being forced to the sidelines, excluded from the ability to build wealth through homeownership. Moreover, with so many empty apartment units under construction, rents could plateau by this time next year.”

Insurance 272

Insurance Construction Tools Realtors 272