Appraisal Buzz

APRIL 23, 2024

Department of Housing and Urban Development. With many homeowners “rate-locked” into their existing homes, new homes are the only bright spot in a market suffering from low inventory. This will improve the cost of financing for land developers and home builders and enable more attainable housing supply.” “New about an 8.3-month

Mortgage 369

Mortgage Inventory Development Finance 369

Housing Wire

MAY 18, 2024

Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. However, we came close to our target with inventory growth of 9,726 and there’s a silver lining: mortgage rates have recently fallen.

New Listings 447

New Listings Inventory Mortgage Contracts 447

Housing Wire

MAY 17, 2024

Over the years, he traveled extensively to its field operations, maintained a culture of family and care, and developed initiatives that focused on employees and their families, the company said. At the end of March, the company had 45,000 homes in inventory. a publicly traded national residential lot development company.

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Inventory Development Real Estate Insurance 343

Housing Wire

MAY 15, 2024

Researchers developed a framework for estimating the number of home sales in 2024 based on the current levels for mortgage rates. By Q1 2022, 80% of mortgage holders were locked in with their incredibly cheap financing. We include details of inventory changes and the relationship to interest rates in the sections below.

Mortgage 382

Mortgage New Listings Inventory Sellers 382

Housing Wire

SEPTEMBER 27, 2023

A steady flow of new homes have hit the market this spring and summer, as homebuilders worked diligently to remedy the housing inventory shortage. Divounguy added that new home sales should make up a bigger piece of the home sales pie moving forward. Part of the price drop has been a shift to sales of smaller, less expensive homes.”

Housing Market 505

Housing Market Marketing Inventory Construction 505

Housing Wire

OCTOBER 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). According to Alicia Huey, chairman of the National Association of Home Builders (NAHB), the lack of existing inventory is the reason why more homebuyers turn to new construction. On a year-over-year basis, new home sales were up 33.9%. from $430,300 in August.

Inventory 375

Inventory Construction Housing Market Finance 375

Housing Wire

MARCH 25, 2024

Department of Housing and Urban Development ( HUD ). At the end of January, there were 463,000 new homes available for sale, as new construction continues to account for an outsized share of the housing inventory. Meanwhile, the inventory of existing homes is loosening up. Census Bureau and the U.S. from a year ago.

Construction 382

Construction Inventory Housing Market Finance 382

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. We have been working with AFR on the transition plans over the last several months and are excited about the opportunity to build on a great foundation,” Craig Cohen, managing member of Proprietary Capital, said in a statement.

Lending 337

Lending Renovations Construction Finance 337

Housing Wire

APRIL 2, 2024

The goal is to help them develop this territory and use this platform to attract talent – established loan officers, up and coming loan officers,” Steinway said in an interview with HousingWire. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officers 358

Loan Officers Retail Finance Buyers 358

Housing Wire

MARCH 27, 2024

The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. “In They’re 100% financing, they don’t require a downpayment and the guidelines are tilted toward helping the [borrower] get in the home,” Overfelt said. “I VA loans are probably the best loans on the market.

Buyers 441

Buyers Real Estate Agent Inventory Real Estate 441

Housing Wire

NOVEMBER 30, 2023

The current trajectory of rates is an encouraging development for potential homebuyers, with purchase application activity recently rising to the same level as mid-September when rates were similar to today’s levels,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “The on Thursday. by the second quarter of 2024.

Mortgage 506

Mortgage Inventory Tools Investors 506

Housing Wire

MAY 20, 2024

Newly built homes have taken up an outsized portion of inventory since the pandemic for two main reasons, according to Redfin. The slight decline in the share of newly built homes from its 2022 peak can be attributed to an increase in total inventory, as more homeowners are listing their existing homes. two years ago.

Construction 412

Construction Inventory Buyers Sellers 412

Housing Wire

JUNE 19, 2023

“Builders are feeling cautiously optimistic about market conditions given low levels of existing home inventory and ongoing gradual improvements for supply chains,” said NAHB Chairman Alicia Huey, a custom home builder and developer from Birmingham, Alabama.

Supply Chain 440

Supply Chain Development Inventory Buyers 440

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes. Category 1 is a different beast. Like the Roman god Janus, it has two faces.

Supply Chain 360

Supply Chain Finance Development Modernization 360

Housing Wire

OCTOBER 31, 2023

The Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), and the Manufactured Housing Institute (MHI) submitted a joint letter advocating for more mortgage financing options for manufactured homes to the U.S. Department of Agriculture (USDA). 31 earlier this month.

Finance 380

Finance Buyers Construction Inventory 380

Housing Wire

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

Tools 376

Tools Technology Development Home Value 376

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” Last year was a tough one for the Indiana real estate market.

Housing Market 408

Housing Market Marketing Inventory Construction 408

Housing Wire

APRIL 15, 2024

Combating the increase in housing costs requires “swift action,” and Lombardo noted that in a prior letter to the president he requested that Biden “make more federal lands available for housing development, so that Nevada can increase its inventory and address shortages to ultimately drive down costs,” he said. A record 1.7

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Housing Market Development Design Construction 389

Housing Wire

JUNE 19, 2023

“Builders are feeling cautiously optimistic about market conditions given low levels of existing home inventory and ongoing gradual improvements for supply chains,” said NAHB Chairman Alicia Huey, a custom home builder and developer from Birmingham, Alabama.

Supply Chain 369

Supply Chain Development Inventory Buyers 369

Housing Wire

MAY 18, 2021

Housing and Urban Development. Groups pushing for housing development have lobbied Congress to return to the bill. But, for now, there is an inventory crisis affecting much of the country. advocacy group, “CDBG grants are a really important way in closing big gaps in financing for housing. There is a total of $3.45

Government 393

Government Development Finance Inventory 393

Housing Wire

MAY 16, 2024

A study released Thursday by fintech and personal finance website SmartAsset delved into Zillow data on new home sales. Department of Housing and Urban Development (HUD) and the U.S. A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense.

Construction 380

Construction Law Finance Realtors 380

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

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. There wasn’t much competition from existing homeowners. The business appears durable, too.

Construction 435

Construction Supply Chain Inventory Housing Market 435

Housing Wire

DECEMBER 14, 2022

Appleton, who currently serves as co-chair of the Bipartisan Policy Center’s Housing Council and previously served as Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development (HUD), has a history of working across the aisle to deliver results, according to a press release from USMI.

Insurance 353

Insurance Finance Inventory Mortgage 353

Housing Wire

JANUARY 9, 2024

What remains an unknown, however, is whether housing inventory, pricing and interest rates will settle into a goldilocks zone that allows home equity lending to flourish. While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise.”

Lending 432

Lending Inventory Mortgage Finance 432

Housing Wire

DECEMBER 28, 2023

Leaders in Colorado districts are entering the housing market in a variety of ways, including engaging in partnerships with developers, constructing tiny homes and even becoming landlords, according to a story published by the Denver Post. Rents also remain challenging according to data the Post cites from Zillow.

Housing Market 405

Housing Market Marketing Landlords Development 405

Housing Wire

JANUARY 10, 2024

billion affordable housing and community development investment platform,” according to an announcement from the company. “It These “have financed 2,800 developments, creating or preserving 200,000 affordable homes nationwide,” The company said.

Investing 355

Investing Development Investors Finance 355

Housing Wire

JULY 23, 2021

Acra Lending is doing what it can to help free up inventory. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up. In addition to low inventory, the massive competition in the market has led to an increase in home prices. 3-month bank statement. Jumbo products.

Housing Market 424

Housing Market Marketing Inventory Lending 424

Housing Wire

MARCH 21, 2024

Because of the lack of housing inventory, the median home price has gone up too, by 27% just since 2020.” Davidson alluded to the idea of a new American “pastime” where a potential buyer looks up prices of homes they may be interested in on an app like Zillow , but they consistently find exorbitant prices and lower inventory levels.

Insurance 364

Insurance Government Inventory Development 364

Housing Wire

JULY 18, 2023

The NAHB attributes the continued rise in builder confidence to low existing home inventory. The lack of resale inventory means prospective home buyers who have not been priced out of the market continue to seek out new construction in greater numbers,” Alicia Huey, the chairman of the NAHB, said in a statement.

Inventory 336

Inventory Construction Buyers Housing Market 336

Housing Wire

AUGUST 23, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). are likely to price out many prospective homebuyers this fall, and inventory , which is beginning to tick up in many markets. At the current sales pace this inventory represents 7.3 In July, the sales pace of new homes climbed 4.4% months below July 2022.

Inventory 329

Inventory Housing Market Finance Mortgage 329

Housing Wire

APRIL 18, 2023

Department of Housing and Urban Development (HUD). But with home prices beginning to spring up once again, it’s clear that buyers are still jumping in where interest rates and creative financing will allow for affordable opportunities.” Homes were started at an estimated annual pace of 1.42 million in March, down 0.8% year over year.

Construction 343

Construction Inventory Buyers Finance 343

Housing Wire

SEPTEMBER 12, 2023

With mortgage rates above 7%, historically low levels of housing inventory, defaults in commercial real estate, and a series of potentially onerous regulations to come, Mortgage Bankers Association President and CEO Bob Broeksmit said the trade group is doing all its can to influence policymakers.

Valuation 383

Valuation Finance Appraisal Inventory 383

Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

Mortgage 527

Mortgage Inventory Retail Construction 527

Housing Wire

MARCH 7, 2024

The president will also call for a new credit to “unlock inventory of affordable starter homes, while helping middle-class families move up the housing ladder and empty nesters right size,” the White House said. The NHC lauded the development. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 531

Construction Renovations Insurance Landlords 531

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. In addition, financing challenges due to high rates are disproportionately affecting small and regional privately held homebuilders, which typically rely on debt financing to purchase land and fund construction costs.

Construction 367

Construction Development Finance Mortgage 367

Housing Wire

MAY 14, 2024

Department of Housing and Urban Development (HUD) exists to facilitate the needs that Americans have for housing — needs that are challenged by affordability, inventory, mortgage rates and more — recent policies of the Biden administration have hindered affordability by focusing on climate-related housing issues instead of costs.

Construction 334

Construction Design Government Inventory 334