Housing Wire

NOVEMBER 27, 2023

One of the urban myths spouted by people needing more experience tracking housing data was that millions of homes would hit the marketplace in 2023 because the builders had so many homes under construction. Even in the worst housing bubble crash of our lifetime in 2008, the number of new homes for sale was under 200,000.

Construction 482

Construction Buyers Mortgage Inventory 482

Housing Wire

SEPTEMBER 28, 2022

However, it does show that the builders are in a much better spot to deal with their massive supply, compared to the 2005-2008 period. They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. The builders will pull back on construction when the supply is 6.5

Construction 505

Construction Sellers Inventory Housing Market 505

Housing Wire

JUNE 27, 2023

They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. The builders have managed their backlog nicely to ensure this data line doesn’t explode higher on them like we saw in 2008. This represents a supply of 6.7 months at the current sales rate.

Construction 516

Construction Inventory Marketing Buyers 516

Housing Wire

JUNE 10, 2022

We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are Of course, the answer is about why this is not the same market — in any way — to post 2008. Are we in a housing bubble?”

Sellers 397

Sellers Housing Market Inventory Buyers 397

Housing Wire

MARCH 21, 2023

” Ratiu said KCM’s focus on providing relevant insights and information to agents so they can educate buyers and sellers was one reason he joined the company. Although he noted similarities to the market of 2008, Ratiu stressed the current market has some important differences.

Real Estate 397

Real Estate Real Estate Agent Housing Market Agents 397

Housing Wire

APRIL 14, 2023

The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. In March of 2022, sellers received an average of 5.5 One such measure is who is entering the market. Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find.

Realtors 459

Realtors Buyers Inventory Investors 459

Housing Wire

JANUARY 27, 2023

This makes them much more efficient sellers than existing homeowners, who need to find another house once they sell. 291,000 homes are still under construction: 5.7 The builders will pull back on construction when the supply is 6.5 Here’s the breakout: 71,000 new homes have been completed: 1.4 months of supply.

Mortgage 545

Mortgage Construction Buyers Inventory 545

Housing Wire

JUNE 20, 2023

As I have said many times over the last few months, the builders are efficient sellers and they’re taking advantage of an existing home sales market that is suffering from low inventory and higher mortgage rates. months and above, the builders will pull back on construction. Some of those homes haven’t even started construction yet.

Housing Market 508

Housing Market Construction Sellers Marketing 508

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Yesterday on CNBC , I talked about the state of the housing market and how important it was that the builders’ confidence data was rising because that keeps construction workers employed and building homes.

Housing Market 493

Housing Market Inventory Contracts Marketing 493

Housing Wire

MAY 31, 2022

When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. New Western calls itself “the largest private source of investment properties in the country,” connecting more than 100,000 local investors looking to rehab houses with sellers.

Mortgage 397

Mortgage Construction Lending Real Estate 397

Housing Wire

APRIL 11, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. New home sales were working from the lowest levels ever, but sales kept on disappointing analysts and economists.

Inventory 514

Inventory Housing Market Marketing Modernization 514

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. months and above, the builders will pull back on construction. It’s taking forever to build a home and that has created a huge number of homes under construction.

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

JULY 13, 2022

Home sellers and builders had too much pricing power, pushing prices to the extreme. That will be positive, and we are working our way there, we just need more time because the housing market of 2022 is not the forced credit selling housing market of 2008. From BLS : The downside of higher rates Housing construction will slow.

Inventory 540

Inventory Housing Market Mortgage Construction 540

Housing Wire

MARCH 29, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. New home sales were working from the lowest levels ever, but sales kept on disappointing analysts and economists.

Inventory 435

Inventory Housing Market Marketing Modernization 435

Appraisal Buzz

SEPTEMBER 20, 2021

The country’s largest lending institutions, real estate corporations, and appraisal management companies (AMCs) are each aligned this year in their projections that the housing bubble and prime seller’s market we’re currently experiencing is headed for a substantial correction. Buyers and sellers? The construction industry?

Valuation 195

Valuation Property Appraisal Real Estate Sellers 195

Housing Wire

JANUARY 5, 2023

Existing home sales fell very fast in 2022 due to higher mortgage rates and a lack of new listing growth, which meant the number of traditional sellers who bought a home was much lower in 2022. months with many homes still under construction or haven’t even started being built yet. We are at 8.6 months, which makes the job harder.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

Insurance 370

Insurance Housing Market Marketing Agents 370

DataMaster

JUNE 16, 2021

The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. the rate of construction has decreased over the last couple of decades! million construction workers (tradesmen, electricians, carpenters, etc.) Manufactured Homes.

Construction 174

Construction Law Landlords Development 174

DW Slater Company

FEBRUARY 13, 2024

From large, elaborate luxury homes, to industrial buildings, to large tracks of acreage, to equine facilities, to new construction and old historic homes and buildings. The number of non-appraisal valuation products on the market is concerning as so much the economy can be impacted by wrong valuations (just look back at the 2008 crisis).

Real Estate 151

Real Estate Appraisal Valuation Real Estate Agent 151

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. In 2008, many people lost their homes when the housing bubble burst. Need for New Construction.

Inventory 68

Inventory Construction Real Estate Renovations 68

McKissock

JANUARY 31, 2023

2008 illustrated to the market what happens when too many interested parties get a hand in sales transactions.” Was the seller highly motivated? ” “When to use new construction or remodeled construction as a comparable.” Educate yourselves on construction details and styles of homes.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Will Springer Realtor

DECEMBER 8, 2021

Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% Who said this is a sellers’ market? “In Lot availability is at multi-decade lows and the construction industry currently has more than 330,000 open positions.”. construction jobs in the U.S.,

Sellers 36

Sellers Marketing Supply Chain Construction 36

Lamacchia Realty

JULY 10, 2023

The presence of this harmful construction material can lead to a range of issues from the quality of the property to the health of its inhabitants. Between the years 2004-2008, large shipments of drywall were imported to the United States from overseas. What Exactly is Defective Drywall?

Inspection 72

Inspection Realty Sellers Agents 72

Will Springer Realtor

OCTOBER 15, 2024

Further down the funnel are more engaged consumers applying for mortgages, followed by buyers and sellers reaching mutual agreement on a deal, and then happy homeowners moving in at the end of the funnel. New Construction In August, new home construction starts increased by 9.6%, according to KPMG’s latest research.

Housing Market 68

Housing Market Marketing Construction Buyers 68

DataMaster

JUNE 16, 2021

The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. the rate of construction has decreased over the last couple of decades! million construction workers (tradesmen, electricians, carpenters, etc.)

Construction 78

Construction Law Landlords Development 78

DataMaster

JUNE 16, 2021

The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. the rate of construction has decreased over the last couple of decades! million construction workers (tradesmen, electricians, carpenters, etc.) Manufactured Homes.

Construction 78

Construction Law Landlords Development 78

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. homes this year, below expectations and a figure not seen since 2008 in the heart of the housing crash. At least that’s what some economists have expressed.

Finance 68

Finance Inventory Construction Buyers 68

Appraisal Today

JULY 21, 2023

Often, the MLS mentions that the sellers will fill in the pool, but I don’t know if that has ever happened. The sellers originally bought the land for $12 million back in 2010. Shortly after, Oatman Architects was brought on for the construction, which wrapped three years later in 2013. Where I live, very few homes have pools.

Appraisal 90

Appraisal Real Estate Contracts Business 90

Appraisal Today

DECEMBER 6, 2024

I am so glad I have not done any GSE appraisals since 2008! While buyers and sellers hoped this move would send mortgage rates tumbling, the reality has been more complex. New Home Sales and Construction: Slowing Down But Not Out 4. I don’t care what the GSEs say. I comply with USPAP. 4.75% (realtor.com).

Appraisal 71

Appraisal Marketing Real Estate Buyers 71

Lamacchia Realty

MARCH 7, 2023

Paul is known for actively listening to his clients’ desires and preferences to help them find their dream home, and his design sense has helped sellers fetch high prices. 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.

Realtors 74

Realtors Realty Real Estate Clients 74

Lamacchia Realty

NOVEMBER 11, 2024

She began her real estate career in April 2016 while raising two young daughters and has since become a top-producing agent with expertise in investor-driven multifamily sales, flips, and construction. Maria holds a Bachelor’s degree in Business Administration and is now expanding her focus to new construction and the luxury market.

Realtors 68

Realtors Realty Real Estate Clients 68

Raleigh Realty

AUGUST 19, 2022

With the increase in student loan debt, frequent career shifts, and living through the 2008 housing crisis, many may consider millennials financially insecure and opposed to home ownership. Pre-War: The homes constructed before World War II have stucco, brick, or stone exteriors and old-world charm and character.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Buyers 78

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. Days on market climbed, sellers’ became restless and our month’s supply of inventory finally started to grow. The only problem, nobody wanted a 7.5% in 2022 to 3.4

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Town & Country Residential Appraisals

NOVEMBER 11, 2019

We can see the slow down in real estate around 1990, the decline of 2008 some possible trends emerging now. SO, before any seller says, “I bought my house 3 years ago, and houses have gone up nationwide by 3% per year… so my house is worth 9% more?”. Look at the above graph one last time.

Marketing 36

Marketing Tools Real Estate Sellers 36

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

Marketing 36

Marketing Sellers Real Estate Buyers 36

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

Marketing 36

Marketing Buyers Inventory Sellers 36

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.

Realtors 62

Realtors Realty Real Estate Clients 62