Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% homeownership rate was close to a record high in census data going back to 2000. in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. In total, more than 9.5 of overall U.S. And the 49.5%

Real Estate Agent 482

Real Estate Agent Real Estate Buyers Realty 482

Housing Wire

FEBRUARY 21, 2024

Founded in 2000, BDX is owned by a group of 24 leading U.S. By combining a new home listings portal with Zonda’s deep dataset, we’ll be able to better serve the unique needs of home shoppers, ultimately driving more connections with buyers and awareness for home builders,” Jeff Meyers, CEO of Zonda, said in a statement.

Business 464

Business Construction Design Inventory 464

Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5 Mortgage rates went from a low of 2.5% to a high of 7.37% — purely savage.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

MAY 16, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. That share from 2000-2019 was a 12.7%

Construction 459

Construction Inventory Buyers Real Estate 459

Appraisal Buzz

JULY 12, 2024

Brian Cullen is CEO and Co-Founder of SingleSource (founded in 2000), a provider of property services supporting the U.S. housing inventory so tight right now, how can vacant properties play a role? Brian Cullen: Vacant properties hold the potential to provide significant relief to today’s inventory challenge. housing industry.

Inventory 221

Inventory Supply Chain Construction Property Taxes 221

Housing Wire

OCTOBER 26, 2022

New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted Currently, the builders have buyers to occupy those homes, excluding those that cancel the transaction at closing.

Construction 488

Construction Inventory Contracts Buyers 488

Appraisal Buzz

JUNE 14, 2024

In a landscape marked by limited turnkey housing inventory, significant affordability issues, and relentless competition from cash-rich investors, homebuyers need more than plain vanilla home loans. That is a significant increase from the 13% average between 2000-2019 in new construction.

Marketing 396

Marketing Renovations Construction Finance 396

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. This represents a supply of 7.9

Inventory 501

Inventory Construction Housing Market Mortgage 501

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%.

Supply Chain 511

Supply Chain Housing Market Construction Inventory 511

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Bulk Buyer Bonanza.

Investors 418

Investors Renovations Marketing Retail 418

Housing Wire

NOVEMBER 29, 2023

Cutting prices is one of several mechanisms homebuilders have employed to keep buyers interested since rates began skyrocketing. The index, which pegs January 2000 at 100, reached a seasonally adjusted all-time high of 311.175 in September as tight inventory continues to keep prices elevated.

Construction 448

Construction Finance Inventory Development 448

Housing Wire

NOVEMBER 21, 2022

With rates at escalated levels, it is affecting home buyers facing affordability challenges. . In addition, the unsold existing homes inventory has slipped for three consecutive months, ending October at 1.22 Given this, homebuilders may focus more on comparatively modest product offerings as the number of move-up buyers is low.”.

Contracts 397

Contracts Government Mortgage Buyers 397

Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy.

Housing Market 418

Housing Market Marketing Sellers Inventory 418

Housing Wire

JULY 26, 2021

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Home buyers like my mother and father outside the U.S. experience.

Real Estate Agent 397

Real Estate Agent Real Estate Sellers Legal 397

Housing Wire

DECEMBER 29, 2022

Key thing to remember: A traditional seller is also usually a buyer. This now goes into a subject matter that is a striking difference between 2022 versus 2008: Inventory and Credit. Housing inventory. Total housing inventory today — using the NAR data — stands at 1.14 million in 2005.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

Tools 448

Tools Inventory Sellers Buyers 448

Appraisal Buzz

JUNE 25, 2024

Originally benchmarked to a level of 100 January 2000, the S&P CoreLogic Case-Shiller Index has reached an all-time high of 320.42 growth in active inventory in the housing market in this period. which represents a continuous and steady push of ever-rising home prices on a monthly and yearly basis. Put another way, the U.S.

Inventory 356

Inventory Housing Market Marketing Sellers 356

Housing Wire

AUGUST 23, 2023

The last time mortgage rates reached the 8% level was in the early 2000s, when home prices were significantly lower. Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. The last time it happened was in August 2000, according to Freddie Mac.

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

AUGUST 23, 2022

This is below the recession levels of 2000 and back to 1996 levels. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 After all, sales levels are already low historically for new homes. months and above.

Construction 370

Construction Housing Market Sellers Real Estate 370

Cleveland Appraisal Blog

OCTOBER 14, 2021

It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. 30-Year Fixed Mortgage Rates from 2000 to today. Another issue that led to the housing crash of 2008, was unqualified buyers who were able to secure mortgages on homes they couldn’t really afford.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Annarbor Appraisal

FEBRUARY 8, 2020

Washtenaw County, like much of the nation, has a continued inventory shortage. The inventory shortage continues to be concentrated in the starter market. As of this morning, if a buyer can only afford $200,000 in the Ann Arbor school district, there is one available listing (single family houses, not condominium units).

Inventory 60

Inventory Contracts Construction Marketing 60

Appraisal Buzz

AUGUST 19, 2024

Gordon, who was admitted to practice in Florida in 2000 and has spent the majority of his career working in the real estate and consumer finance fields. Fraser has achieved the highest rating in both legal and ethical ability by Martindale-Hubbell, and prides himself on practicing with humility, integrity, and appreciation.

Real Estate 221

Real Estate Legal Development Investors 221

Lamacchia Realty

DECEMBER 28, 2022

It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes. Below is a bar graph of homes sales per year in Massachusetts back to 2000. At that time we had an extreme overabundance of sellers and not enough motivated buyers.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Empire Appraisal Group

APRIL 13, 2023

At the expense of less healthy profit margins, homebuilders reduced prices and began offering incentives like covering buyers’ closing costs. An easing in average mortgage rates this year has also helped entice some buyers. Consider, from 2000 until the pandemic, new homes represented about 11% of all homes for sale.

Marketing 78

Marketing Buyers Investors Realtors 78

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. A lot of it had to do with anemic inventory. Average prices for closed sales increased by 3.4%

Inventory 64

Inventory Sellers Contracts Buyers 64

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 48

Inventory Sellers Buyers Contracts 48

McKissock

SEPTEMBER 7, 2021

If NAR’s prediction is correct, the space tech boom could also mean a housing boom, which would create opportunities for builders, buyers, and real estate agents alike. In fact, a quick glance at housing prices between 2000 and 2020 show percentage increases in the double and triple digits. So what does that mean for real estate?

Real Estate Agent 69

Real Estate Agent Real Estate Transportation Agents 69

Lamacchia Realty

JANUARY 25, 2024

reduction in sales, leaving prospective buyers eager to make a move. As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. Sales Decline by 23.2%

Inventory 52

Inventory Sellers Buyers Real Estate 52

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

Inventory 50

Inventory Sellers Buyers Contracts 50

Empire Appraisal Group

SEPTEMBER 8, 2022

Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). The market is adjusting to a new reality, with much lower sales volumes and far more inventory,” says Ian Shepherdson, chief economist at Pantheon Macro. BusinessInsider).

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Lamacchia Realty

JANUARY 27, 2023

in Massachusetts The 2022 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2022 compared to 2021 and illustrates what that means for the current market. Market adjustments, global pandemics, and anemic inventory are not for the faint of heart.

Inventory 57

Inventory Buyers Real Estate Sellers 57

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

OCTOBER 10, 2023

This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and are showing a willingness to budge on price or make other concessions. The good news for buyers: Experts from the American Enterprise Institute believe prices will inch lower – down about 1.3% Single-family inventory is 1.8

Buyers 66

Buyers Inventory Sellers Housing Market 66

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Buyers with the deepest pockets may wait, however. home buyers.

Buyers 36

Buyers Inventory Law Development 36

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. Buyers are seeing rates inch higher – currently at about 3.25% in Seattle/King County for a typical 30-year mortgage (rates vary based on an applicant’s circumstances). That was the average national figure in 2000.). 2 (Freddie Mac).

Real Estate 69

Real Estate Buyers Construction Sellers 69

Berkshire Hathaway

FEBRUARY 23, 2021

In real estate we measure supply and demand based on what we call “months’ supply of inventory.” What that is based on is the number of current homes for sale compared to the number of buyers that are on the market. This time around months’ inventory has been under 5 months for the last three years and it currently stands at 1.9

Home Value 36

Home Value Inventory Real Estate Mortgage 36

Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. months’ total inventory in the county, down from 1.4

Buyers 36

Buyers Inventory Construction Finance 36