Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. An index of 100 is equal to the level of contract activity in 2001. The NAR attributes this to the rising costs of land and construction materials. “In After posting a 2.5%

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Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. It is encouraging that homebuilders have ramped up production, but the supply from new construction takes time and remains insufficient,” added Yun. Year over year, pending home sales were down 22.2%, a larger decrease than the 20.3% annual drop recorded in April.

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Housing Wire

SEPTEMBER 21, 2023

Until interest rates come down, affordability challenges will continue to put first-time buyers on the sidelines, housing industry observers said. In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. in 2024, up from the 4.6%

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Housing Wire

MAY 31, 2022

The company estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”.

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Housing Wire

SEPTEMBER 7, 2022

It launched an interactive media platform as well in the fall of 2021, called Glocaly, which serves as a listing and marketing exchange for matching sellers and buyers of condos. Since our inception in 2001, we have delivered more than 1,000 single-family homes and 25 condominiums.

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Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” On the flip side, newly constructed home sales are forecast to increase 12.3% in 2023, settling at 4.38

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Housing Wire

AUGUST 10, 2023

Another rate hike in September would move the target federal funds rate to its highest level since March 2001. While sales of existing homes have been lagging, the challenge comes mainly from too many buyers chasing not enough available properties,” said Ratiu. since May of this year, the 4.2 since May of this year, the 4.2

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Housing Wire

MARCH 1, 2022

According to the National Association of Realtors , in 2020, some 87% of homebuyers purchased their home through a real estate agent or broker, and that number has steadily increased each year since 2001. Knock.com offers solutions for both buyers and sellers. But today’s tech leaders are different.

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Lamacchia Realty

SEPTEMBER 11, 2024

Angela Harkins has been a REALTOR® since 2001 and built her own team back in 2008. And has quickly became a key figure, known for her expertise with buyers, sellers, and investors. He has a very strong passion for the real estate industry and greatly enjoys working with Buyers and Sellers to help them with their real estate needs.

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Lamacchia Realty

MARCH 7, 2023

To learn more about Kyle, click here: Kyle Denlinger Angela Harkins has been a REALTOR® since 2001 and built her own team back in 2008. Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority.

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Housing Wire

APRIL 13, 2022

in 2001 to 44.8% Housing costs, particularly at the bottom of the market, have skyrocketed with a limited supply of housing and a severe shortage of construction workers. Increasing the supply of legal immigrant construction workers would accelerate economic growth. Black homeownership rates have declined from 48.4%

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Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A

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Houston Properties

JULY 21, 2022

Located within the Inner Loop area, Avalon Place is a deed-restricted neighborhood with a collection of newly renovated properties and new construction single-family homes and townhomes. Most of the Avalon Place real estate for sale are newly renovated properties and new construction single-family homes. We cannot thank them enough.

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Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

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Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. These worsening affordability challenges have been particularly hard on prospective first-time buyers.”. House decorating used a lot of seashells and items found on the local beach. percent the previous week.

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Appraisal Today

DECEMBER 9, 2022

The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. When I did my national conferences from 2001 to 2006 there were no tests. ==. Due to rising interest rates, many potential home buyers are currently unable to qualify to buy the properties they want.

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Movoto

JULY 31, 2024

This was like 2001. So back in the day in 2001. JT: Look, since I’ve been doing this in 2001, that was like the thing. And when you actually understand how a mortgage is manufactured, how a real estate transaction goes, And then you have the insights of like, Hey, this is on a construction [00:24:00] basis.

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Will Springer Realtor

AUGUST 9, 2021

million housing units since 2001. And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Both are welcome signs for buyers but they should not be interpreted as a trend. There is 1.1

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Will Springer Realtor

DECEMBER 12, 2023

Prospective buyers this year have mostly watched the housing market pass from the sidelines. That, in turn, will finally move the market forward with additional sellers and buyers. Prices, sadly for buyers, will likely continue their trend higher. at this time in 2023 (quite optimistic!). San Jose, Calif., came in second. >>

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Housing Wire

APRIL 29, 2021

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 relates to a baseline of 100 that the NAR put together in 2001. “By An index based on 2001 figures shows historic shifts in population. What is this index? population.”.

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Contracts Inventory Construction Realtors 448

Will Springer Realtor

JUNE 9, 2023

Even the doubling of interest rates in less than a year did not dissuade some buyers in need of a home. Filings include default notices, scheduled auctions and bank repossessions. >> Nearly half (47%) of all prospective buyers said they would buy a home in the current housing market because they are tired of renting and rent increases.

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Housing Wire

NOVEMBER 22, 2024

million undocumented immigrants work in construction. Could new home construction wane as you fulfill this campaign pledge? And housing starts didn’t return to 2001 levels until 2022. This could be a huge win-win-win (country, seller, buyer). Per a 2024 study by Immigration Impact, nearly 1.6 A lost 20 years.

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Appraisal Buzz

JANUARY 30, 2025

A PHSI reading of 100 is equal to the level of contract activity in 2001. Despite the difficult conditions, there are some signs of resilient demand and pockets of activity may emerge as rising inventory in some areas could ease price pressures and offer more options for buyers and sellers. Economic data never moves in a straight line.

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Contracts Inventory Buyers Construction 372

Movoto

OCTOBER 31, 2024

JT offers an in-depth look at the market dynamics influencing buyers and sellers during this time of uncertainty, emphasizing the importance of timing and market conditions for those navigating today’s real estate challenges. 7:08: And so if you’re a buyer, when people have to sell, that’s how you get good deals.

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Appraisal Today

FEBRUARY 7, 2025

Will I have to pay the same rates as the Oakland hills, which is very high risk and had a major fire in 2001? Understanding these dynamics is critical to delivering precise valuations that are relevant to buyers, lenders, and other stakeholders. Insurers have been not renewing individual homes for various reasons.

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