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. Fannie Mae dropped its projected origination volume for 2021 to $4.33 trillion from the $4.36 trillion it projected in August.
Housing Wire
JULY 7, 2022
In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. Slow construction and restrictive zoning laws.
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Housing Wire
JULY 25, 2022
Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. Cleveland — Residential construction and real estate activity softened further amid rising interest rates. Single-family construction declined slightly.
Housing Wire
FEBRUARY 25, 2021
But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. These trends, along with an anticipated ramp-up in home construction will provide for much-needed supply.”.
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. of homes in Raleigh sold above the listing price in April 2022.
Housing Wire
JANUARY 20, 2021
fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. Homebuilder confidence in the U.S. Inventory has been an issue for real estate agents and brokers since early 2020, as well.
Will Springer Realtor
JULY 13, 2023
Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. We certainly see that in all forms of residential real estate – from new construction to finding items for the home.
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