Housing Wire

APRIL 15, 2024

These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers. Recovering inventory in these areas has helped to ease competition and bring price appreciation under control. Bidding wars are commonplace in these areas, exacerbated by a scarcity of options.

Housing Market 381

Housing Market Inventory Buyers New Listings 381

Housing Wire

MARCH 4, 2024

New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. They also boast advantageous relationships with land sellers and can command lower costs of debt. Their size and scale allow them to be more efficient in their spending.

Construction 320

Construction Inventory Sellers Buyers 320

Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed. Listings jumped at both the state and city levels in 2021 and 2022.

Brokerage 387

Brokerage Realty Real Estate Inventory 387

Housing Wire

JULY 20, 2023

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” Nationwide, inventory is at all-time lows. Here are 10 solutions for sellers who what to buy that go beyond waiting and watching for magic inventory to appear.

Sellers 274

Sellers Clients Inventory Agents 274

Housing Wire

MARCH 22, 2021

.” At the head of this particular snake is the COVID-19 pandemic, which forced lumber mills to close in 2020 due to health and safety concerns, thus crippling builders and construction crews with skyrocketing material prices. The result: a bottleneck with scores of would-be buyers in a low-inventory market.

Inspection 544

Inspection Inventory Buyers Sellers 544

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

Housing Wire

APRIL 14, 2023

Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find. In March of 2022, sellers received an average of 5.5 As buyers wanted to find the perfect property, before interest rates rose, they were willing to offer all cash to sellers so their offer was not contingent on financing.

Realtors 411

Realtors Buyers Inventory Sellers 411

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.

Renovations 382

Renovations Real Estate Construction Contracts 382

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. There’s just more buyers than there are sellers,” added Steven Grossman, chief strategic officer at NJ Lenders. Waiting for rates to go down is just a foolish bet.

Loan Officers 388

Loan Officers Mortgage Inventory Clients 388

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

Housing Market 508

Housing Market Marketing Inventory Buyers 508

Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Not only can it give you a good price range to work with, but it can also make sellers more likely to choose your offer.

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. Try saying the following when the seller requests a list price that is too high: “That’s interesting, ‘seller.’ Always prequalify, 100% of the time!

Sellers 351

Sellers Construction Real Estate Finance 351

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?

Sellers 381

Sellers Inventory Housing Market Buyers 381

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.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month.

Construction 344

Construction Real Estate Housing Market Transportation 344

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.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

Tools 374

Tools Inventory Sellers Buyers 374

Sacramento Appraisal Blog

JULY 25, 2022

We’ve seen a massive change with housing inventory. But is it because sellers are rushing to list their homes? That’s not the culprit. Let’s talk about supply and some things on my mind about today’s market.

Buyers 392

Buyers Inventory Real Estate Sellers 392

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. More and more, you’ll start to compete for buyer business in a similar way you do for listings now.

Clients 368

Clients Buyers Real Estate Agent Real Estate 368

Housing Wire

MAY 4, 2023

The purchase market is locked up with a lack of inventory thanks to elevated rates and homeowners already having secured low mortgage rates during the pandemic years. Slower housing market With mortgage rates remaining elevated, many sellers feel locked in by their current low mortgage rate.

Mortgage 356

Mortgage Inventory Housing Market Buyers 356

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 342

Business Marketing Real Estate Legal 342

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.”.

Mortgage 462

Mortgage Inventory Housing Market Construction 462

Housing Wire

SEPTEMBER 21, 2022

Higher mortgage rates are discouraging many potential home sellers from listing their property. 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 to 1.28 million or the equivalent of 3.2

Inventory 360

Inventory Sellers Realtors Housing Market 360

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

Mortgage 509

Mortgage Inventory Real Estate Technology 509

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern,” said Joel Kan, the Mortgage Bankers Association’s AVP of economic and industry forecasting.

Supply Chain 407

Supply Chain Inventory Buyers Contracts 407

Housing Wire

MARCH 25, 2021

“During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand.

Mortgage 539

Mortgage Construction Realtors Inventory 539

Housing Wire

DECEMBER 17, 2020

As a result of the pandemic, there has been a heightened demand for larger homes, which Kan said has driven more construction, home sales and mortgage originations. 2020 has seen a strong sellers’ market and rapid house price appreciation through most of the United States,” Kushi said. The reason? Nothing sells like a shortage.

Construction 512

Construction Housing Market Inventory Marketing 512

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

NOVEMBER 3, 2020

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. After months of severe shortages, upward pressure on home price appreciation had consumers battling it out for the limited supply, the report said.

Inventory 468

Inventory Housing Market Construction Realtors 468

Housing Wire

DECEMBER 8, 2023

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. You cah also be more creative in your MLS searches in ways that net you more inventory to choose from for your clients.

Clients 388

Clients Real Estate Inspection Buyers 388

Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5

Housing Market 310

Housing Market Marketing Supply Chain Inventory 310

Housing Wire

OCTOBER 21, 2021

Exacerbating the issue of soaring demand is an incredibly low level of inventory. “At At the moment we have about four weeks of inventory,” Mannix said. “A A lot of my potential sellers that have been thinking about selling but aren’t quite ready to. year-over-year decrease in median number of days on the market.

Buyers 347

Buyers Inventory Agents Realty 347

Housing Wire

NOVEMBER 2, 2022

“ A housing recession is here “ For home shoppers and sellers, mortgage rates have been quick to adjust higher in response to expected Fed moves, said Danielle Hale, chief economist at Realtor.com. “In Tables have turned for some sellers.

Mortgage 392

Mortgage Sellers Contracts Buyers 392

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. That means the average home sold for 1% more than its asking price.

Sellers 454

Sellers Housing Market Marketing Buyers 454

Housing Wire

DECEMBER 3, 2020

months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. They bid $750,000 and again at $775,000, which the seller said would work. New construction continues to take more and more of our market,” Dopp said. Notably, in 2011, existing home prices in Ada County were at $160,113.

Marketing 532

Marketing Realty Realtors Housing Market 532

Housing Wire

FEBRUARY 24, 2022

billion revenue, which mostly stems from a 5% sales fee charged to home sellers and proceeds from flipping homes. But like real estate brokerage Compass , another company significantly financed by the SoftBank Vision Fund , Opendoor has constructed an empirically money-losing business model with little sign of reversing course.

Investors 427

Investors Real Estate Inventory Brokerage 427

Housing Wire

AUGUST 3, 2022

They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. Sometimes when rates go higher too quickly, some sellers can’t move, this takes a sale off the data line, but if rates fall quickly, they might feel much better about the process. NAR total inventory data.

Mortgage 501

Mortgage Inventory Sellers Housing Market 501