Housing Wire

MARCH 17, 2022

In fact, considering the drop in builders’ confidence, now we have to watch for whether some people will cancel their building contracts because rates have jumped so much while they’ve been waiting for their new home to be built. The February rate for units in buildings with five units or more was 501,000. Housing completions.

Construction 482

Construction Housing Market Inventory Buyers 482

Housing Wire

AUGUST 23, 2022

can’t have a credit sales boom like we saw from 2002-2005. 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 This is 12.6 percent (±16.9 percent)* below the revised June rate of 585,000 and 29.6 percent (±10.9 months and above.

Construction 370

Construction Housing Market Sellers Real Estate 370

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 74

Inventory Sellers Buyers Contracts 74

Appraisal Today

SEPTEMBER 29, 2023

The purchase market, which is still facing limited for-sale inventory and eroded purchasing power, saw applications down over the week and 27 percent behind last year’s pace. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.41 percent from 11.0

Insurance 80

Insurance Appraisal Contracts Mortgage 80

Appraisal Today

MAY 12, 2023

In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States. Lower rates from week to week have helped buyers in the market, but limited for-sale inventory remains a challenge for many homebuyers. The average contract interest rate for 15-year fixed-rate mortgages decreased to 5.91

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

OCTOBER 21, 2022

Inventory levels. percent – the highest level since 2002,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.94 The average contract interest rate for 5/1 ARMs increased to 5.65

Appraisal 52

Appraisal Marketing Contracts Insurance 52

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. ( months’ inventory for all homes on the market and in the single-family category. months (or 40 days) worth of inventory is on the market. last month.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Appraisal Today

AUGUST 13, 2023

Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. percent, the highest rate since 2002. The average contract interest rate for 5/1 ARMs increased to 6.36

Appraisal 76

Appraisal Contracts Real Estate Agent Real Estate 76