Housing Wire

MAY 16, 2024

In its executive summary, the report found that the HECM program grew “substantially” during the 2000s and reached its height of 114,000 originations in 2009. The subsequent housing market crash sharply reduced that number to an average of about 50,000 originations per year from the late 2010s through 2020.

Development 455

Development Appraisal Property Appraisal Insurance 455

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. housing shortage grew to a 4.5-million-unit million housing units that were available for rent or for sale, and there is a housing shortage of more than 4.5 million-unit deficit, up from 4.3

Inventory 448

Inventory Construction Law Real Estate 448

Housing Wire

JANUARY 8, 2021

Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

Construction 468

Construction Retail Law Inventory 468

Housing Wire

JUNE 2, 2022

housing market. And now we are facing a tumultuous year of mortgage market normalization. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets. After all, the media would be remiss not to be apprehensive in the current market environment.

Housing Market 468

Housing Market Supply Chain Construction Clients 468

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

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

JUNE 10, 2022

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels.

Sellers 397

Sellers Inventory Housing Market Buyers 397

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. This also means housing starts are rising.

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

Housing Wire

JULY 19, 2023

But people won’t put up with deteriorating public services and extreme housing unaffordability. 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. Will it eventually change the housing market and way of life?

Property Taxes 370

Property Taxes Construction Housing Market Marketing 370

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

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

DW Slater Company

JANUARY 30, 2023

What’s happening in the housing markets? Mortgage rates impact housing as they affect buying power. As we look at the housing market for 2022, a clear shift has occurred. Christensen Law Firm Keeping Housing Above Water – Housing Notes Was This Home Overimproved or Underimproved?

Housing Market 126

Housing Market Marketing Real Estate Appraisal 126

Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. Lenders should expect a much faster pace of hikes over the next few years than what was experienced following the 2009 recession. What if it doesn’t?).

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

Appraisal 370

Appraisal Appraisal Process Valuation Renovations 370

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. Supply has been the greatest need to address the housing crisis, followed by more affordable homes.

Housing Market 68

Housing Market Marketing Construction Buyers 68

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.

Bracketing 61

Bracketing Construction Design Real Estate 61

Empire Appraisal Group

JULY 6, 2022

Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s s rising demand and lack of construction will probably offset a potential cooldown. With higher interest rates, that near-stagnant growth is something Johnson said could dramatically cool – if not topple – the housing market in some areas.

Marketing 78

Marketing Landlords Real Estate Tenants 78

Town & Country Residential Appraisals

FEBRUARY 24, 2020

Above: 1970-2019 National median home price % increase VS. home construction % increase. There is lots of talk of national home prices increasing since 2008 and having stalled in 2018-2019 and what the possible causes could be, but what does that have to do with our local market.

Construction 36

Construction Real Estate Housing Market Marketing 36

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. It’s been on and off the market since 2022, with a top asking price of $33.8 Excerpts: 10 bedrooms, 14.5+

Appraisal 66

Appraisal Contracts Business Insurance 66

Will Springer Realtor

JULY 11, 2023

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. We are not alone in witnessing a welcome rise in available homes on the market. The number of Pending listings fell 3.9%

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Appraisal Today

JUNE 10, 2022

House decorating used a lot of seashells and items found on the local beach. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. Hot housing market not a bubble, economists say. The hangar was built in 2009, and the home was completed in 2014.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

JUNE 17, 2022

Watch the excellent 4-minute video with Mark Zandi , “There’s a comeuppance coming in the housing market” It discusses how today is different from 2008 and what is happening today. Mortgage Lenders – 1989 – FIREEA and appraiser licensing, 2009- HVCC and AMCs took over. USPAP and the Contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Will Springer Realtor

MAY 9, 2023

years, according to recent data, when it was only about five years just before the housing market crash of 2007. Washingtonians won this session,” said Dan Bertolet, Director of the Housing and Urbanism program for Sightline Institute, a Pacific Northwest regional think tank. They include Nexus , The Emerald , KODA and Spire.

Real Estate 36

Real Estate Modernization Construction Supply Chain 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 bathroom , 4150 sq.

Design 36

Design Real Estate Sellers Buyers 36

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory.” . == Glorious Gilded Age Mansion for $29.9M

Easement 52

Easement Contracts Appraisal Inspection 52

Housing Wire

APRIL 14, 2022

HUD also said it wants to expand access to financing for manufactured housing through updating the Title I program and construction and safety standards. Congress has sought action on rental data sharing since 2009, when it tasked the FHA with creating a pilot program to test out using alternative data such as rental history.

Finance 435

Finance Technology Law Construction 435

Will Springer Realtor

JUNE 9, 2021

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 market during the pandemic – and there is great anticipation for strong demand. Some in the industry are pointing to these costs for a near 10% decline in housing production this spring (to about 1.6

Housing Market 36

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. single family homes on the market were new builds, according to a report by Redfin.

Supply Chain 538

Supply Chain Construction Inventory Housing Market 538

Housing Wire

JULY 29, 2024

Senate and House of Representatives have reintroduced a bill designed to address housing issues by rehabilitating or constructing millions of additional units in an effort to bring down costs for renters and homeowners. A coalition of Democratic lawmakers in the U.S. Elizabeth Warren (D-Mass.)

Construction 475

Construction Design Insurance Government 475

Appraisal Today

MAY 20, 2022

The housing market has shifted. Excerpt: How I’m describing the market: Overall, the market still feels elevated in that we are seeing a higher-than-normal amount of competition. designer and builder of the 1st glass elevator in San Diego designed and constructed the 300 foot tramway. Or, hit the reply button.

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). .”

Real Estate Agent 370

Real Estate Agent Real Estate Agents Construction 370

Housing Wire

NOVEMBER 22, 2024

One of the many matters of importance to Americans is your strategy for housing. As the rest of the country waits, debates, and predicts an economic recession, the United States housing market has been languishing in a historic one for nearly 3 years. million undocumented immigrants work in construction. A lost 20 years.

Marketing 468

Marketing Investors Investing Housing Market 468

Housing Wire

JANUARY 21, 2025

The freeze mirrors the one issued at the start of Trumps first presidential term in 2017 and a similar move that former President Barack Obama ordered in January 2009 for pending regulations from the George W. Mondays executive actions did not highlight initiatives that affect housing. Bush administration.

Housing Market 281

Housing Market Marketing Legal Development 281

Housing Wire

FEBRUARY 5, 2021

With the housing sector battling ongoing supply constraints , a loss of 3,000 jobs in construction employment may be a slight hiccup after 8 solid months of growth. But Mike Fratantoni, chief economist at the Mortgage Bankers Association , said he expects construction to grow later in the year.

Construction 434

Construction Lending Retail Inventory 434

Housing Wire

JULY 22, 2021

But increasing the supply of affordable housing without a labor force to build it could lead to stalled shovel-ready projects like those seen during the Great Recession. Since 2009, the building trades have lost 1.5 Sewer systems, bridges and roads” exist to support and move people to and from housing, Brady pointed out.

Investing 418

Investing Transportation Construction Government 418

Will Springer Realtor

SEPTEMBER 11, 2024

Read a detailed assessment of our housing market in my most recent blog post: Housing Market Takes a Breather Before Anticipated Interest Rate Relief This month’s map of home prices combines single-family, townhome and condos into one median price for 10 King County cities. List: $5.2M ($1109/sq. bath , 3750 sq.

Real Estate 36

Real Estate Modernization Government Construction 36