Boston Appraisal

JULY 6, 2020

COVID-19 Impact on the Mortgage Market One of the positive results of this global pandemic is the affect it has had on the U.S. mortgage market. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. During the height of the pandemic, new home construction ground to a halt.

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Boston Appraisal

JULY 6, 2020

COVID-19 Impact on the Mortgage Market. mortgage market. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. This dropped 30-year mortgage rates to the floor – and we are happy to say that it stayed there. This is the lowest rate in 30 years. What does this mean for borrowers?

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Eppraisal

SEPTEMBER 24, 2021

According to an article written by Jared Bernstein, Jeffery Zhang, Ryan Cummings and Matthew Maury on whitehouse.gov, "The Covid-19 pandemic shifted families' preferences for location and type of housing, exacerbating existing supply chain constraints that, for several reasons, have persisted for many years.

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Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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Empire Appraisal Group

FEBRUARY 9, 2023

50% Rule Imperils Rebuilds in Hurricane-Hit Areas NEWS & MEDIA felixmizioznikov / Getty Images Source: 50% Rule Imperils Rebuilds in Hurricane-Hit Areas | Florida Realtors 50% Rule Imperils Rebuilds in Hurricane-Hit Areas By Derek Gilliam Some SW Fla. If the buyer doesn’t ask for the permits, the mortgage company will, Durling said.

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Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. 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. These trends, along with an anticipated ramp-up in home construction will provide for much-needed supply.”.

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Housing Wire

APRIL 16, 2021

. “An extremely tight supply of existing homes for sale combined with still-favorable mortgage rates and an improving labor market will continue to support demand for new housing. Suburban multifamily housing construction is also benefitting from this trend.” from February.

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Housing Wire

JULY 15, 2021

The National Association of Home Builders (NAHB) is joining the National Association of Realtors (NAR) in its bid to rectify the tremendous housing shortage in the U.S. Over the past decade, the residential construction industry has underbuilt and not kept pace with demand due to several supply-side constraints,” said Howard.

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Housing Wire

MARCH 8, 2021

Demand for homes will be bolstered by an improving job market, favorable demographic trends, and mortgage rates that, while rising, are still low from a historical perspective. The improving economic picture is putting upward pressure on mortgage rates, which have moved above 3% in recent weeks for 30-year fixed-rate loans.

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The Robert Weiler Company

SEPTEMBER 7, 2022

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. Figures from the Ohio REALTORS® Housing Market Report reveal that Ohio home sales reached historical levels in May 2022.

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Will Springer Realtor

DECEMBER 8, 2021

It’s safe to say we are tired of hearing the phrase “supply-chain disruption” and experiencing its effects. Analysts believe items that are now in shorter supply – major appliances, computer chips and specialty goods, to name a few – will return to shelves and front porches by the end of 2022 as the pandemic (hopefully) ebbs.

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Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

JANUARY 7, 2022

“Headwinds the real estate market will face in 2022 include affordability, inflation in the economy, the potential of higher taxes and additional economic factors (including supply chain issues and struggles to fill empty positions).”. The biggest variable is Covid.

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