Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Over the years, I have tried to emphasize that the housing market in the U.S. can’t have a credit sales boom like we saw from 2002-2005. This is 12.6

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

MAY 18, 2022

family housing starts in April were at a rate of 1,100,000; this is 7.3 As you can see below, the housing demand data from 2002 to 2005 was never apparent in any housing data lines from 2018 to 2022. When you don’t have a credit boom with exotic loan debt products, housing demand has limits. percent (±7.7

Mortgage 493

Mortgage Construction Contracts Housing Market 493

Housing Wire

JULY 29, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. May’s 8% increase was the highest jump for that month since 2005, according to NAR. The overall pending home sales index fell 1.9% in June, according to the National Association of Realtors , which tracks the metric. (An

Marketing 468

Marketing Buyers Realtors Real Estate 468

Housing Wire

FEBRUARY 16, 2023

Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. They have less competition as they are working from low sales levels in today’s housing market.

Construction 526

Construction Housing Market Inventory Mortgage 526

Housing Wire

MARCH 17, 2022

Of course, that’s until you look at the housing completion data, which hasn’t gone anywhere in years. Housing starts data, like new home sales data, can be wild month to month, so the trend is always more important than any one report and the revisions are critical. has the most prolific housing demographic patch in history.

Construction 488

Construction Housing Market Inventory Buyers 488

Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Almost daily, there is some story on social media about being “turned in” to the state by a disgruntled agent, buyer, or seller for appraising a property below the contract price. We are seeing that as a profession again.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

MARCH 16, 2023

Many single-family housing contracts would not have been started if mortgage rates at the day of signing were at 6%-7%. The decline in housing permits paused in this report, but the trend is still your friend here, as I don’t expect any kind of meaningful rebound in housing permits until the backlog of homes is sold.

Mortgage 521

Mortgage Construction Marketing Contracts 521

Lamacchia Realty

JUNE 21, 2022

That’s because fewer homes are being placed under contract. Lamacchia Realty has been selling homes since 2005 and tracking data to develop an effective model on pricing homes. The post Price Adjustments in this New Housing Market appeared first on Lamacchia Realty. How much do you adjust the price?

Housing Market 67

Housing Market Bracketing Marketing Sellers 67

Appraisal Today

APRIL 12, 2024

40 acre lot, Built in 2005 “The village of Highlands is some of the most expensive real estate in the Carolinas,” Jackson (listing agent) says. “It Increasing the number of appraisers is essential to making the homebuying process faster for North Dakotans while also improving access to the housing market.” baths, 14,450 sq.ft.,

Appraisal 78

Appraisal Construction Contracts Architecture 78

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. 8-minute podcast.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JULY 12, 2024

I quit residential lender appraising in 2005. ADUs represent a growing segment of the housing market, and your expertise as an appraiser is crucial in reflecting their true value. ADUs are not unique to urban locations and are becoming a crucial part of the housing market. I try to avoid using the word “industry”.

Appraisal 69

Appraisal Design Contracts Business 69

Appraisal Today

SEPTEMBER 27, 2024

This class is required before this new UAD material can be taught to other appraisers, under contract with the GSEs. I have not done any residential lender appraisals since 2005. However, “each improvement in mortgage rates has the potential to bring more buyers into the housing market,” says Realtor.com® percent from 6.15

Property Appraisal 69

Property Appraisal Appraisal Training Contracts 69

Lamacchia Realty

FEBRUARY 22, 2022

Below is a graph that illustrates home sales per year since 2005. Below is a graph that illustrates monthly home prices since 2005. Pending Home Sales (contracts accepted). Both sales and prices were up significantly over recent years- prices are the highest they’ve ever been. 2021 Sales by Month.

Inventory 54

Inventory Sellers Buyers Real Estate 54

Lamacchia Realty

APRIL 15, 2022

When Will the Housing Market Change? So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December. Since early March, about 40% of the homes that are for sale are going under contract within a week. week supply of homes on the market.

Marketing 68

Marketing Sellers Buyers Inventory 68

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 67

Inventory Buyers Real Estate Sellers 67

Appraisal Today

JUNE 3, 2022

Excerpts: The housing market sizzle has faded and we’ve entered a different season. We’ve basically said goodbye to the most aggressive housing market ever, and we’re in a new market now. Granted, the housing trend still feels elevated from normal, so it’s an error to call this market cold.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? Even in the housing bubble of 2005, prices rose “only” 12% nationally.)

Real Estate 69

Real Estate Buyers Construction Sellers 69

Lamacchia Realty

DECEMBER 28, 2021

2021 is going down in history as a historical year for the housing market across America. For Massachusetts, I had predicted in my 2021 Predictions that it would be the biggest year for overall home sales since 2005 and even though the final numbers aren’t in yet, it looks like my prediction will be right on. 2021 Recap.

Sellers 74

Sellers Inventory Buyers Realtors 74

Housing Wire

NOVEMBER 2, 2024

I want to show you how the data changed with mortgage rates heading toward 6% so the next time this happens, we have a better idea of what to expect in the housing market. Deviation In the data I aim to determine what level of mortgage rates we need to change the demand curve, which can also change the pricing curve in housing data.

Inventory 516

Inventory New Listings Mortgage Contracts 516