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Mortgage market affordability and inventory challenges

Housing Wire

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

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The Forecast for the Atlanta Real Estate Market in 2024

Hank Miller Team

What is the forecast for the Atlanta real estate market in 2024? How can variables like local and national economic conditions, consumer debt, consumer confidence, the Fed, global supply chains, wars and conflict and a hundred other wild cards be corralled? This assumes that no new listings are added to the market.

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The nation’s housing market is on a correction course

Housing Wire

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

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Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

In fact, it’s estimated that owner-occupied real estate accounts for over a quarter of American households’ net worth. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? for homebuilding prospects and number two for overall real estate prospects.

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Pending home sales drop, but there’s a silver lining

Housing Wire

And inventory shortages are the culprit. 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. For the fifth consecutive month , U.S. January was illustrative.

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Insane lumber prices mean new homes cost $24K more

Housing Wire

Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.”. A Homesnap report said total new listings increased only.22% – thus, increasing inventory and driving overall prices down. 22% in December, while total sales increased 19.29%.

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Rising costs, COVID cases dip builder confidence

Housing Wire

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. How to gain more listing visibility in a shifting housing market. Growing demand for lumber met insufficient supply, and the result has been escalating prices,” Dietz said.