Housing Wire

JULY 19, 2022

real estate investors and affordable homes. Some buyers had to wait forever before they could lock in their rate, meaning they didn’t qualify for their homes as rates moved up so fast. We never saw the credit sales boom as we did from 2002-2005, so the builders themselves are in a better position to manage their future.

Housing Market 526

Housing Market Marketing Construction Real Estate 526

Housing Wire

DECEMBER 22, 2020

Because housing demand is at pre-cycle highs, we can infer home prices are not an issue for most buyers. However, this does not mean that real home prices may grow at an unhealthy pace in the years 2020-2024. nominal home price growth every year for the next several years, affordability will be an issue for some buyers.

Housing Market 545

Housing Market Buyers Realtors Marketing 545

Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Prices were escalating quickly, and buyers were purchasing in a frenzy for fear of being left behind and not being able to get their foot on the property ladder. This is no different than ignoring declining trends.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

MAY 26, 2022

That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005. If you connect the lines, you can see where we are on a historical basis.

Inventory 526

Inventory Housing Market Construction Marketing 526

Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end.

Inventory 482

Inventory Housing Market Lending Buyers 482

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. The housing market of 2002-2005 had four years of sales growth facilitated by credit. Key thing to remember: A traditional seller is also usually a buyer.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

OCTOBER 26, 2023

When asked about the allegations that real estate companies and professionals conspired to raise or stabilize commissions, she replied: “It is absolutely untrue.” If the rule were to go away, Frazier said fewer people would use buyer brokers, as they would have to pay for their own agent and not everyone can afford to do that.

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Law Agents Brokerage Buyers 435

Housing Wire

MAY 18, 2022

However, the sting of higher mortgage rates is hitting the single-family construction data, and the real story is that the housing completion data, which has been bad for a long time, is still terrible. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.

Mortgage 493

Mortgage Construction Contracts Housing Market 493

Housing Wire

AUGUST 16, 2022

Of course, housing starts today aren’t collapsing in the way they did from the peak of 2005 because we haven’t had a sales credit boom in recent years as we did from 2002-2005, which inflated new home sales toward 1.4 The credit cycle looks much different now than the build-up from 2002-2005.

Mortgage 533

Mortgage Construction Inventory Buyers 533

Housing Wire

MARCH 18, 2022

NAR Research : First-time buyers were responsible for 29% of sales in February; Individual investors purchased 19% of homes; All-cash sales accounted for 25% of transactions; Distressed sales represented less than 1% of sales; Properties typically remained on the market for 18 days. We have solid replacement buyers: people needing shelter.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JUNE 16, 2022

As rates rise, this will impact the builders more as they try to find buyers for current homes in cancellation. As you can see below, housing completion data hasn’t done much for many years, unlike 2002-2005. But, this data line should grow a tad more while they finish up homes that they do have buyers for.

Housing Market 545

Housing Market Buyers Mortgage Construction 545

Housing Wire

DECEMBER 5, 2022

It boxed out many first-time homebuyers who found themselves unable to compete against buyers willing to place a non-contingent offer above full price. In fact, while in won’t match 2020 or 2021, purchase mortgage dollar volume should be better than any year from 2002–2020. Buying now means being able to negotiate as a buyer.

Housing Market 523

Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

MARCH 23, 2023

This business model means that the builders are very mindful of the demand for their product and keep an eye out on their main competition, the existing home market, where supply is cheaper for a buyer. They can cut prices, pay down mortgage rates for their buyers, and do what they need to to make it work for them to move their products.

Inventory 545

Inventory Housing Market Construction Marketing 545

Housing Wire

MARCH 17, 2022

We had more housing starts during the bubble years because from 2002 to 2005 that demand curve was higher, but it was facilitated by unhealthy credit growth. The buyers are frustrated beyond belief with how long the process is taking while they watch rates rise. As we can see below, slow and steady wins this race.

Construction 488

Construction Housing Market Inventory Buyers 488

Housing Wire

DECEMBER 22, 2021

I understand that grifters have to keep the grift going, but not even the Joker would say that the housing market lives off investors and not mortgage buyers. As you can see below, we don’t have a booming credit housing market as we saw from 2002-2005; we have steady replacement buyer demand.

Inventory 516

Inventory Housing Market Investors Marketing 516

Housing Wire

MAY 19, 2022

Because we had a housing credit bubble from 2002 to 2005, the credit demand push on exotic loan debt structures was a setup for future forced credit selling. Even though mortgage rates are historically low, they still always matter because mortgage buyers are the biggest homebuyers in America.

Housing Market 528

Housing Market Marketing Inventory Realtors 528

Housing Wire

SEPTEMBER 22, 2022

A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. However, it’s not the market of 2002-2011. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

APRIL 15, 2022

Inventory falling again in 2022 created more forced bidding wars, which frustrates buyers, keeps potential sellers from wanting to list, and creates stress for real estate agents doing a lot of work with nothing to show for it. We will see if we get some more buyers with the seasonal rise in inventory every year.

Housing Market 511

Housing Market Marketing Mortgage Inventory 511

Housing Wire

AUGUST 23, 2022

can’t have a credit sales boom like we saw from 2002-2005. The housing construction cycle is over, but the builders will finish their homes under contract and hope rates will fall soon to lock up buyers. Now the trick for the builders is figuring out how much they need to discount to get buyers to buy the homes under construction.

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

APRIL 27, 2022

The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. So, while cash buyers as a percent of sales have been growing, this sector is driven by mortgage buyers primarily. Builders have to find buyers for canceled homes, then think about their demand.

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Construction Buyers Housing Market Inventory 370

Housing Wire

AUGUST 30, 2022

However, we haven’t had a credit sales boom like the one we saw from 2002-2005. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. Nor can we ever have a credit sales boom again with lending standards back to normal. million listings.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

APRIL 8, 2022

history are ages 26-32, and the first-time median home buyer age is now 33. Again, what happened in housing from 2002 to 2008? Our market is much different than that 2002-2008 period. Don’t forget the mortgage buyer is the most significant homebuyer out there; they matter the most. We are currently a t 1.7

Housing Market 418

Housing Market Marketing Inventory Lending 418

Housing Wire

APRIL 20, 2022

Housing demand has been stable for the past few years; we have never had a credit boom in demand since 2002-2005. From NAR : Total existing-home sales dipped 2.7% from February to a seasonally adjusted annual rate of 5.77 million in March. So, we never had a credit bust as we saw from 2005 to 2008.

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Housing Wire

OCTOBER 11, 2022

This doesn’t mean homebuyers don’t have something of an edge now: As inventory has increased and buying power has faded, the buyers who are available are dealing with a lot less competition as the bidding wars are ending. However, as we can see below, we are not back to the historical norms of 2-2.5 million active listings, but at just 1.28

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

APRIL 27, 2022

The loan profile of buyers during the post-2010 expansion is excellent, so when the next job loss recession happens, we won’t lose as many homeowners (compared to what occurred after the Great Recession). The market of 2002-2005 not only had an explosion in debt growth, but the debt structures themselves were also very exotic.

Inventory 370

Inventory Housing Market Legal Mortgage 370

McKissock

MARCH 1, 2021

In 2002, when Dara Alperen Cipollone purchased her first home in East Boston, her real estate agent suggested she would be a great fit for residential sales. Now, with over a decade of experience in the real estate profession, these skills have made her the go-to Millennial real estate expert at RESIS.

Real Estate 90

Real Estate Clients Real Estate Agent Renovations 90

McKissock

JANUARY 19, 2021

As the real estate industry continues to evolve and the National Association of REALTORS ® updates its ethics standards to be more aligned with today’s current environment, there are a lot of questions about what the actual changes are and the implications of those changes. John Wenner. Candy Cooke. Education is her passion.

Real Estate 52

Real Estate Realtors Law Realty 52

Raleigh Realty

MAY 21, 2022

If you need a great Raleigh area Real Estate Agent please let us know. Raleigh real estate is some of the best value in the country, so if you're moving to Raleigh check out all the city has to offer Let’s start by examining the neighborhoods in Raleigh and you can determine what may be the best fit for you.

Real Estate 143

Real Estate Transportation Construction Development 143

The Robert Weiler Company

SEPTEMBER 16, 2022

While these 8 sustainability trends drive the commercial real estate industry , the importance of a conservation easement cannot be underscored. Landowners may have a potentially reduced land buyer pool. So far this summer, Columbus has cracked 90°F on 18 occasions (10 in June, alone). Conservation Easement Ohio Stats in 2022.

Easement 148

Easement Appraisal Development Property Appraisal 148

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. 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%

Inventory 71

Inventory Sellers Buyers Contracts 71

Lamacchia Realty

JANUARY 7, 2022

Homebuyers and real estate agents showing your property should be able to walk on your property safely. Jessica’s Law was passed in 2002 after ice broke off a moving truck, hit a second truck, and caused it to crash into Jessica Smith’s vehicle, then 20 years old, killing her. The law isn’t limited to city dwellers.

Law 74

Law Real Estate Agent Realty Insurance 74

Lamacchia Realty

DECEMBER 13, 2023

Homebuyers and real estate agents showing your property should be able to walk on your property safely. Jessica's Law Jessica’s Law was passed in 2002 after ice broke off a moving truck, hit a second truck, and caused it to crash into Jessica Smith’s vehicle, then 20 years old, killing her.

Law 74

Law Real Estate Agent Legal Realty 74

Will Springer Realtor

NOVEMBER 9, 2022

The housing market in and around King County was moving along swimmingly at the start of 2022, with homes selling briskly and buyers taking advantage of interest rates in the 3s. Real estate folks typically compare year-on-year (YoY) figures but 2020 and ’21 were statistical anomalies. Give us some cooling – stat! “We

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New Listings Housing Market Inventory Buyers 36

Houston Properties

JUNE 11, 2020

Thanks to HGTV, your listing only has 8 seconds to capture a buyer's attention. This is because more buyers now find homes online, and the Houston Properties Team is #1 in online marketing. Wide International And Relocation Buyers Reach For Your Listing. Sell Your Home Fast For More: It's All About The Online Buyer. "Buyers

Marketing 41

Marketing Open Houses Buyers Realtors 41

Appraisal Today

OCTOBER 21, 2022

National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC. But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? Cost to cure? Adjustment?

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Houston Properties

MAY 16, 2022

The ultimate ranch and farm buyer guide from the number one Realtor in Houston! The demand is higher and there are good deals to be made both for sellers and buyers of farm and ranch-style homes. Real estate developments in cities and metro areas need to go through a rigid approval process.

Marketing 36

Marketing Real Estate Buyers Valuation 36

Will Springer Realtor

OCTOBER 11, 2022

We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. ( At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? Dining out. Theme parks.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36