Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The Freddie Mac’s index compiles purchase mortgage rates reported by lenders during the past three days.

Mortgage 410

Mortgage Sellers Buyers New Listings 410

Housing Wire

APRIL 15, 2024

New Orleans, San Antonio, Tampa, Orlando and Jacksonville are among the locales that posted the slowest month-over-month price growth in March. There are places where new construction relieved some pressure, and where homeowners are less locked into their mortgage, but not in the nation’s most expensive metros.

Housing Market 439

Housing Market Inventory Buyers New Listings 439

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% It’s savage man, truly savage with the mortgage rate rise.

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36

Supply Chain 421

Supply Chain Inventory Government New Listings 421

Housing Wire

AUGUST 18, 2023

Or, are sellers in the subject neighborhood typically settling at about 95% of the list price? If you’re showing your new listing versus its competition, do you look priced right , overpriced or priced so well you’d be dying to write an offer and snap it up? Know what’s going on with the new construction!

Sellers 370

Sellers Construction Real Estate Finance 370

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?” For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Next, the house is new.

Sellers 284

Sellers Clients Inventory Agents 284

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 416

Mortgage Real Estate Inventory Construction 416

Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8%

Construction 370

Construction Advertising Real Estate Real Estate Agent 370

Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. They will build as long as new home sales are growing. months, the builders will pause construction. Today, the U.S. When supply is 4.4-6.4 When supply is over 6.5

Mortgage 370

Mortgage Inventory Construction Sellers 370

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Here’s my forecast for 2024: 10-year yield and mortgage rates For 2024, the 10-year yield range will be similar to 2023, but with a few different variables to watch. Instead, they closed 2023 at 6.67%.

Housing Market 528

Housing Market Marketing New Listings Construction 528

Empire Appraisal Group

SEPTEMBER 8, 2022

The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. Or to discourage mortgage brokers from lending. “The The number of home listings remains low nationally.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Active housing inventory grew while new listing data fell. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports.

Housing Market 490

Housing Market Marketing Inventory New Listings 490

McKissock

DECEMBER 10, 2021

They look at forecast models from seven different industry leaders: Zillow, Goldman Sachs, Redfin, Corelogic, Fannie Mae, Freddie Mac, and the Mortgage Bankers Association. “Higher mortgage rates will end double-digit price growth and new listings will hit a 10-year high,” predicts Redfin.

Housing Market 79

Housing Market Appraisal Marketing Appraisal Process 79

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. A strong economy and relatively high mortgage rates have pushed some movers to the rental market, boosting demand.

Inventory 432

Inventory Real Estate Construction New Listings 432

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. Mortgage rates. So where does all that drama leave us for 2023?

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

FEBRUARY 24, 2023

While the homebuilders weren’t surprised by the better-than-estimated new home sales report released Friday, some people were a bit shocked. 9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product.

Inventory 483

Inventory Construction Housing Market Mortgage 483

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” While Fischer attributes some of the uptick in activity to typical seasonality, he noted that the recent relative stability and even slight decreases in mortgage rates have also contributed. as of February 29, 2024. 23, 2024.

Housing Market 441

Housing Market Marketing Inventory Construction 441

Housing Wire

FEBRUARY 16, 2023

The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. This is why construction workers haven’t been laid off while other jobs in the housing market have been.

Construction 521

Construction Housing Market Inventory Mortgage 521

Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year.

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Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”.

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

Housing Wire

NOVEMBER 28, 2022

The downturn in the LEI reflects consumers’ worsening outlook amid high inflation and rising interest rates, as well as declining prospects for housing construction and manufacturing. In addition, we have a lot of two-unit construction built, which will bring more supply online. NAR total inventory data: 1,220,000 listings.

Transportation 537

Transportation Construction Housing Market Mortgage 537

Housing Wire

JUNE 16, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. million – an expected result of a market scrambling to get new builds up. Existing home sales pulled back in April by 2.7%

Housing Market 496

Housing Market Development New Listings Marketing 496

Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. This has dampened new home sales and quickened home-price growth.” percent,” Palim said Tuesday.

Housing Market 500

Housing Market Marketing Inventory Construction 500

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 420

Inventory Housing Market Marketing Construction 420

Housing Wire

FEBRUARY 25, 2021

It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. There will also be a natural seasonal upswing in inventory in spring and summer after few new listings during the winter months,” Yun said. And inventory shortages are the culprit.

Supply Chain 402

Supply Chain Inventory Housing Market Contracts 402

Housing Wire

JANUARY 19, 2024

We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. This sounds odd to people because mortgage rates went all the way to 8% , and price growth was picking up. Sales faded 6.2% All four U.S.

Housing Market 470

Housing Market Inventory Contracts Marketing 470

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. Last year inventory was about to start climbing again with that autumn spike in mortgage rates. Last year’s late summer inventory growth was a reaction to a big change in mortgage rates. on the 30-year mortgage.

Contracts 409

Contracts Inventory Housing Market Buyers 409

Listing Spark

SEPTEMBER 25, 2023

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

JANUARY 9, 2024

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. Treasurys and mortgage-backed securities. At the same time, many homeowners are sitting comfortably with low mortgage rates.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

SEPTEMBER 8, 2021

Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Builders began construction on just under a million single-family homes in 2020. That’s the most since 2007. SEPTEMBER HOUSING UPDATE.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MARCH 12, 2024

This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS).

Buyers 56

Buyers Construction Sellers Inventory 56

Listing Spark

JANUARY 12, 2023

2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9% New Construction: Slowing down due to an increase in inventory and a declining market; builders targeting first-time home buyers. Listing Agents: Be careful when selecting listing agents who only charge 1% commission.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Raleigh Realty

JULY 12, 2022

As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. 4,840 new apartments were constructed in Raleigh throughout 2021. Triangle MLS) In Q1 of 2022, prices for construction materials have increased anywhere from 6.2

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% Another sign of the times: fewer mortgage applications. While there were 5.8% There are 7.4%

Finance 67

Finance Inventory Construction Buyers 67

Will Springer Realtor

AUGUST 15, 2023

Variations between the two years are stark, to say the least: A “re-evaluation” for future buyers can be defined as consumers determining when to jump (or jump back) into the home-search pool as mortgage rates appear stuck around 7.0%. Mortgage rates are high, home prices are high, there’s no inventory.” The county saw a 4.9%

Sellers 59

Sellers Buyers New Listings Inventory 59

Will Springer Realtor

MARCH 10, 2023

However, many potential buyers appeared to be in a wait-and-see mode amid a backdrop of rising mortgage rates that usually spell affordability challenges. Year Ago CONDO NEWS It’s full speed ahead at Avenue Bellevue , the two-tower, high-end condominium project in the heart of the city. Here’s a video of its progress. bath , 4527 sq.

Construction 36

Construction Modernization Buyers Inspection 36

Will Springer Realtor

FEBRUARY 13, 2024

And, despite the rise in new listings, the number of homes still on the market on Feb. The figures were promising from the single-family-home category as well, with new listings jumping 129% (1335) from December in King and up a negligible 0.5% fewer listings than December and 28% below January 2023 figures.

New Listings 54

New Listings Buyers Inventory Lending 54