Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” 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 His articles are always my favorite.

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Sellers Inventory Housing Market Buyers 397

Appraisal Buzz

JULY 16, 2024

Since taking a dip in 2009, there has been a slow, but steady climb with more than 100,000 manufactured homes shipped in 2021, and a post-recession high reached in 2022 with 112,000 manufactured homes shipped, according to a 2023 report by the Joint Center for Housing Studies at Harvard University. year-over-year.

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Modernization Buyers Construction Marketing 397

Housing Wire

JUNE 2, 2022

How can high prices be sustained when a buyer’s buying power is stretched so thin? Here’s the problem, what we all remember is the housing crash of 2008 to 2009. A data point that explains the resiliency of the housing market: the number of households forming vs. the number of homes constructed.

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Housing Market Supply Chain Construction Clients 468

Eyes on Housing

OCTOBER 15, 2024

recorded in 2022, according to data tabulated from the Census Bureau’s Survey of Construction (SOC). This marks the third highest share since the beginning of the series in 2009, after the high. In 2023, 64.8% of all new single-family homes started were built within a community or homeowner’s association.

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Construction Buyers 170

Housing Wire

AUGUST 24, 2023

“​​With an ongoing tight supply of existing homes for sale and the recent rise in the 30-year fixed-rate mortgage rate to around 7%, we expect home sales in 2023 to remain near the lowest annual level since 2009,” the group said. In contrast, new home sales and construction, while choppy in recent months, have generally been on an upswing.

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Construction Retail Mortgage Contracts 284

Housing Wire

MARCH 4, 2022

This is why I use the term replacement buyers for housing, and it applies to workers too. Take a look at the jobs data and which sector added jobs in February: Construction jobs came in big again, and we didn’t have any negative sectors the last month. The 10-year yield didn’t collapse lower when we had deflationary pressures in 2009.

Mortgage 397

Mortgage Retail Construction Marketing 397

Housing Wire

DECEMBER 16, 2021

Lenders should expect a much faster pace of hikes over the next few years than what was experienced following the 2009 recession. months, but the addition of new homes to the mix should lead to more choices for potential buyers in 2022, including many who had hesitated to list their homes in 2021. The encouraging news?

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

DW Slater Company

JANUARY 30, 2023

Sellers have been in charge as buyer demand was fueled by historically low mortgage interest rates. We will soon be seeing the spring market and it will be interesting to see where mortgage rates are going to be and how confident buyers and sellers will be in the spring market. Gone are the days of bidding wars and multiple offers.

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Housing Market Marketing Real Estate Appraisal 126

Birmingham Appraisal

AUGUST 14, 2024

An Interesting Trend Among New Homes As a residential real estate appraiser in the Birmingham, AL market for over 30 years I have seen many changes in new home construction. Census Bureau, home size steadily increased from 1999 through 2008/2009, which we all know was when the housing market crashed.

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Bracketing Construction Design Real Estate 61

Annarbor Appraisal

APRIL 9, 2020

This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Houses in blue, condominium units in orange, new construction included. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. Year to year trends.

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Buyers who enter the market now will enjoy some of the best selection of homes since before the pandemic as supply grows, competition wanes and home prices slip. Hold on, there! months while Seattle has 2.9.

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Housing Market Marketing Construction Buyers 68

Empire Appraisal Group

JULY 6, 2022

Wary buyers and rising interest rates may affect some U.S. s rising demand and lack of construction will probably offset a potential cooldown. Still, most economists are not predicting the catastrophic housing crash of 2007-2009 when there was a surplus of homes nationwide and a market saturated with bad mortgages.

Marketing 78

Marketing Landlords Real Estate Tenants 78

Appraisal Today

FEBRUARY 9, 2024

= 32% of Homes for Sale in the Fourth Quarter Were Newly Built — Just Shy of the Record High Redfin reports new construction has taken up a growing share of the for-sale housing pie because homebuilding has increased and the number of individual homeowners selling has decreased. Nationwide, 31.8% That’s comparable with 31.9%

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Appraisal Contracts Insurance Construction 80

Patch of Land

OCTOBER 24, 2017

Allan Kleer, a Master Broker with ONE Sotheby’s International, says “Asia has recently started providing us with a new and strong source of buyers for luxury condominiums and larger investment properties. Miami always has a strong new construction environment and resale market. of sales being short sales and 8.2% The total of 10.9%

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Real Estate Renovations Investing Investors 28

Will Springer Realtor

JULY 11, 2023

Home prices continued to confound buyers by climbing toward record highs as summer began. The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. from May to 3242 units – the highest monthly figure since last September.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

AUGUST 9, 2024

The reshaping of corporate America’s office attendance has hardly deterred the construction boom here, thanks mostly to a still-growing tech sector (We see you, AI, cloud computing and space exploration ventures!). of new construction fully leased across Bellevue in the final quarter of 2023. This follows some 1.4M

Design 36

Design Real Estate Sellers Buyers 36

Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. The hangar was built in 2009, and the home was completed in 2014. These worsening affordability challenges have been particularly hard on prospective first-time buyers.”. Available to rent on Airbnb, of course.

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Appraisal Contracts Business Mortgage 52

Appraisal Today

JULY 1, 2022

Excerpt: What’s the difference between a newly constructed home and a hundred-year-old home? Excerpts: Built in 2009, the home is has 8 bedrooms, 6.5 10) Buyers have more opportunities. I’m used to my local median prices at over $1,000,000! At the bottom of the web page are links to more homes with jails. By Jamie Owen.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Appraisal Today

JANUARY 3, 2025

However, optimism persists in the market as many believe rates could continue to ease in the months ahead, potentially sparking renewed interest among buyers and homeowners. Despite the Federal Reserves 25-basis-point rate cut in November, mortgage rates have remained in the high 6% range, offering limited relief to borrowers.

Construction 82

Construction Appraisal Contracts Mortgage 82

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. In addition to reducing upfront costs, Rocket Mortgage says ONE+ completely eliminates the expensive monthly mortgage insurance fee for the client —which is traditionally required if the buyer places less than 20% down on their purchase.

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Easement Contracts Appraisal Inspection 52

Appraisal Today

JUNE 17, 2022

The number of potential buyers will decrease as rates go up in many markets. Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. The way that we did that was through cantilevers and using structural engineers and steel to help us to construct the home that we absolutely wanted.”.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Will Springer Realtor

MAY 9, 2023

Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.” The home was constructed for olive-oil importer John Vittucci. This 5-bed, 4-bath , 6500 sq.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 range won’t last forever.

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Housing Market Marketing Inventory New Listings 36

Housing Wire

FEBRUARY 22, 2022

homebuilder, housing starts, lumber, builders, builder confidence, construction. Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. of homes for sale were new construction. million homes are under construction, the highest level in decades.

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Supply Chain Construction Inventory Housing Market 538

Appraisal Today

MAY 20, 2022

It seems an inflection point occurred where we really noticed the effect of higher mortgage rates on buyers. Some buyers have backed off due to declining affordability, and others have become much more sensitive to price. Will buyers adapt to a new environment of higher rates, or will we continue to see fewer buyers playing the market?

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

JANUARY 13, 2025

The 54,300 purchases by foreign buyers was the fewest since NAR began tracking the metric in 2009. This concern could stem from Trump’s plan to “seal the border” and deport million of immigrants many of whom are employed in the construction labor force, according to the National Association of Home Builders (NAHB).

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Real Estate Agent Real Estate Agents Construction 370

Housing Wire

NOVEMBER 22, 2024

million undocumented immigrants work in construction. Could new home construction wane as you fulfill this campaign pledge? Housing starts plummeted to the lowest levels in 50 years in April of 2009 and the cost to build soared. This could be a huge win-win-win (country, seller, buyer).

Marketing 468

Marketing Investors Investing Housing Market 468

Will Springer Realtor

SEPTEMBER 11, 2024

The plans aim to build or preserve more than 2M homes by offering tax credits to builders and buyers, as well as provide funding to promote housing near transit hubs, down payment assistance for first-time buyers, and grants for housing preservation. Four percent of Gen X buyers got a home with friends. >> homeowners.

Real Estate 36

Real Estate Modernization Government Construction 36