Housing Wire

NOVEMBER 5, 2024

Between 2009 and 2021, the typical home purchased was built in the early 1990s. This is largely due to a delay in homebuilding caused by supply-line disruptions and shortages of construction materials. The age of homes purchased is also telling. In 2022 and 2023, however, the typical home purchased was built in the mid-1980s.

Realtors 468

Realtors Housing Market Construction Real Estate 468

Appraisal Buzz

JUNE 18, 2024

Despite the construction boom that happened shortly after pandemic restrictions began being lifted—that has since slowed—the U.S. This balance of available homes to homeseekers reached a tipping point when the Great Recession hit in 2007-2009—a balance which reached a tipping point when the recession ushered in a decade of underbuilding.

Inventory 448

Inventory Construction Law Real Estate 448

Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

Investors 465

Investors Inventory Government Construction 465

Appraisal Buzz

OCTOBER 14, 2024

The gap was as wide as 18% in 2012, following the global financial crisis of 2007–2009, when many minority communities were hit especially hard, setting back progress by several years. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% last year and a recent high of 12.4%

Home Value 394

Home Value Construction Buyers Mortgage 394

Housing Wire

JULY 19, 2023

The lack of existing homes for sale on the market is driving a resurgence of home-price growth and supporting increases in new home construction, according to Fannie Mae ’s Economic & Strategic Research (ESR) group. The supply of existing homes is near the 2009 crisis low, and it’s showing no signs of easing. “The While the U.S.

Construction 285

Construction Inventory Housing Market Marketing 285

Housing Wire

OCTOBER 21, 2020

“Yes, it’s come down to 10 million, but look at how that compares again to the peak in 2009 of 6.6 However, due to the narrow industry focus of the job losses, this downturn has proved much different than what the economy saw in 2009. million annualized pace for new construction — the highest level since 2007. million,” he said.

Mortgage 435

Mortgage Inventory Housing Market Business 435

Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. This could make raising capital for new construction projects harder, and more expensive, everywhere. The real estate market in China, both commercial and residential, have been unwinding over the last few years. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff.

Real Estate 459

Real Estate Housing Market Marketing Investors 459

Housing Wire

JANUARY 7, 2022

Construction jobs came in positive but we still have a fairly high level of construction job openings currently. The lack of construction productivity over the decades has been one reason why I have never believed in a housing construction boom in America. Here is a look at the job gains and losses reported today.

Mortgage 533

Mortgage Construction Retail Marketing 533

Housing Wire

MAY 15, 2024

New construction in age-restricted communities is becoming a rising trend. According to the National Association of Home Builders (NAHB), the number of homes being built in age-restricted communities has grown significantly, since 2009, with about 6% of all new homes built for those either age 55 and older or 62 and older, as of 2022.

Design 467

Design Buyers Construction Marketing 467

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.

Construction 176

Construction Buyers 176

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low? Finally, the last closely watched trend in the housing market is construction activity. Are we in a housing bubble?”

Sellers 397

Sellers Inventory Housing Market Buyers 397

Housing Wire

JUNE 2, 2022

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. The housing market has only experienced a crash once in 70 years!

Housing Market 468

Housing Market Supply Chain Construction Clients 468

Eyes on Housing

SEPTEMBER 9, 2021

According to data from the Census Bureau’s Survey of Construction (SOC), 67.1 This is a record high for the association percentage since the re-design of the SOC in 2009. percent of single-family homes started in 2020 were built within a community or homeowner’s association.

Legal 170

Legal Construction Design 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.

Construction 284

Construction Retail Mortgage Contracts 284

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.

Modernization 397

Modernization Buyers Construction Marketing 397

Housing Wire

MAY 6, 2022

Remember, the trend has been your friend since 2009: the Baby Boomers can’t work forever, and no country has a Dorian Gray labor market. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but the real winner was manufacturing jobs. In time, older workers need to be replaced.

Transportation 397

Transportation Construction Retail Real Estate 397

Eyes on Housing

DECEMBER 15, 2022

According to data from the Census Bureau’s Survey of Construction (SOC), 65.5 Since the re-design of the SOC in 2009, this was the second highest percentage for new homes started with an association. percent of single-family homes started in 2021 were built within a community or homeowner’s association.

Legal 164

Legal Design Construction 164

Housing Wire

JULY 19, 2023

Between 2009 and 2019, New York City grew by 907,600 jobs, or 24.3%, attracting 629,057 new residents. But the city only constructed 206,000 housing units. All the new construction in every direction. “We People will put up with high taxes in exchange for great cities with top quality services made possible by public investment.

Property Taxes 370

Property Taxes Construction Housing Market Marketing 370

Housing Wire

FEBRUARY 8, 2022

Loans for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes are not eligible. There’s still some battle scars from 2006 to 2009 where appraisers were made to be the scapegoats,” Pyle said.

Appraisal 370

Appraisal Appraisal Process Valuation Renovations 370

Housing Wire

MARCH 4, 2022

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. Job openings for construction workers are still historically high today as the need for labor in America is very high. The unemployment rate currently stands at 3.8%.

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. Also at the December meeting, the median FOMC (Federal Open Market Committee) member indicated three rate hikes in 2022, although this is dependent upon a forecast of still strong growth and elevated inflation.

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

DW Slater Company

JANUARY 30, 2023

Million Allegedly Paid to Two “Favored” Appraisers. Is Valuation Independence Good or Bad for Business?

Housing Market 126

Housing Market Marketing Real Estate Appraisal 126

Robinson Appraisal Group

NOVEMBER 16, 2018

This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 – 2010 due to sub prime lending practices. The most recent Fannie Mae change is the removal of the 1004MC form in an appraisal.

Tools 78

Tools Appraisal Lending Inspection 78

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. Check out the following graphs.

Bracketing 62

Bracketing Construction Design Real Estate 62

Appraisal Partners Blog

OCTOBER 28, 2019

For the longest time I figured it was a construction trailer with all the recent redevelopment in the area. Significant repairs were made in 2008 & 2009 to the exterior of the home, but the interior remains in disrepair. As it turns out, the house is on the national historic registry of most endangered places.

Real Estate Agent 78

Real Estate Agent Appraisal Real Estate Training 78

Raleigh Realty

MARCH 14, 2022

Opening their doors originally in Raleigh, NC back in 2009, Lonerider has expanded into the town of Wake Forest with their hideout location. Things to Do in Wake Forest, NC There are a number of things to do in the town of Wake Forest whether it's by yourself, with friends, or with your family and children.

Realtors 148

Realtors Investing Realty Construction 148

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. Price increases both with single-family houses and condominium units started in 2012 in earnest. Year to year trends.

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

Will Springer Realtor

OCTOBER 15, 2024

New Construction In August, new home construction starts increased by 9.6%, according to KPMG’s latest research. Completed home construction jumped to 1.79M units on a 12-month basis, the highest level since January 2007. Underbuilding was a problem that’s been 40 years in the making, and it got worse in 2008-2009,” said U.S.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Empire Appraisal Group

JULY 6, 2022

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. Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s

Marketing 78

Marketing Landlords Real Estate Tenants 78

Town & Country Residential Appraisals

JUNE 6, 2022

I’ve gone back through my files and found that since starting my business in 2009, I have performed over 6,200 valuations for all kinds of clients: lenders, lawyers, accountants, home owners, estates, real estate agents, etc. It works the same with performing real estate appraisals. How long have they been appraising?

Real Estate 50

Real Estate Valuation Real Estate Agent Appraisal 50

Lamacchia Realty

JANUARY 29, 2025

In 2024, several factors contributed to the rise in average home sales prices in South Florida: low inventory, strong demand (especially for single-family homes and luxury properties), rising construction costs, and economic conditions like inflation. Pending sales are at a level not seen since 2009. Pending Sales Decreased by 9.8%

Inventory 66

Inventory Insurance Real Estate Buyers 66

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%

Appraisal 80

Appraisal Contracts Insurance Construction 80

Appraisal Today

MARCH 22, 2024

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. This definitely increased the development costs in the new construction, resulting in higher home prices.

Appraisal 66

Appraisal Contracts Business Insurance 66

Town & Country Residential Appraisals

FEBRUARY 24, 2020

Above: 1970-2019 National median home price % increase VS. home construction % increase. However, in 2000 the median home price begins to accelerate rapidly, ending in a reversion below its mean in 2006-2009. As seen here, after the flattening of the curve in 1990 there was a 10 year period where the two moved in concert.

Construction 36

Construction Real Estate Housing Market Marketing 36

Patch of Land

OCTOBER 24, 2017

Miami always has a strong new construction environment and resale market. last year and a peak of 70% in 2009, according to the Miami edition of the World Property Journal. They are aggressive in pursuing good locations and opportunities to renovate prominent waterfront sites, such as the former Miami Herald headquarters.”.

Real Estate 28

Real Estate Renovations Investing Investors 28

Berkshire Hathaway

AUGUST 29, 2022

Based on a former trading post, Fort Mackinac was constructed on the island by the British during the American Revolutionary War. After 38 years of operating the Chuckwagon, Jessie sold it to Sharon Reurink in 2009, and Sharon changed the name back to The Chuckwagon. It was a strategic center of the fur trade around the Great Lakes.

Decorating 54

Decorating Architecture Renovations Business 54

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. House decorating used a lot of seashells and items found on the local beach. Available to rent on Airbnb, of course. 2,821 sq.ft. It never sold. ==.

Appraisal 52

Appraisal Contracts Business Mortgage 52