Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Inventory Marketing Business Buyers 418

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.

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Investors Inventory Government Construction 462

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. In terms of sales volume, Dietz expects that new home sales will comprise 15% of transactions on the market in 2023.

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Construction Supply Chain Inventory Housing Market 476

Housing Wire

JUNE 18, 2021

The housing market is no stranger to supply constraints. But according to Doug Duncan, chief economist at Fannie Mae , it’s not going to be just one of these factors that brings the market back to some semblance of normalcy. It’s going to take all of them. “It doesn’t just reappear,” Duncan said.

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Supply Chain Housing Market Marketing Inventory 447

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. Housing inventory and prices. million,” he said.

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Mortgage Inventory Housing Market Construction 435

Housing Wire

JUNE 10, 2022

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. Are we in a housing bubble?” Of course, the answer is about why this is not the same market — in any way — to post 2008.

Sellers 397

Sellers Housing Market Inventory Buyers 397

Housing Wire

JANUARY 19, 2022

“Across the United States, homebuilders reliably broke ground on between 125,000 and 140,000 homes almost every month in 2021, and by one common measure, last year was the second-least volatile year for housing starts since 2005.”. Overall, an estimated 1,595,100 housing units were started in 2021, a 15.6% increase from 2020.

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Construction Housing Market Inventory Development 468

Housing Wire

JUNE 29, 2024

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. Today, we will examine new listing data more extensively to provide a clear example of a stressed seller market and compare that to where we are today.

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New Listings Inventory Contracts Sellers 415

Housing Wire

AUGUST 15, 2023

Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions. Despite persistent inflation challenges, a volatile mortgage market and limited inventory, Keller said it was still a good time to buy a house. “It

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Agents Marketing Real Estate Housing Market 370

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 extent of the ongoing lack of inventory has exceeded our prior expectation,” the ESR group said in its July commentary.

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Construction Inventory Housing Market Marketing 284

Housing Wire

MAY 18, 2021

. “I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But when inventory dropped to a third of its normal amount, everything changed.

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Real Estate Marketing Real Estate Agent Agents 468

Housing Wire

MAY 28, 2021

But in the hot housing market of 2021, even those homes are getting immediate, multiple offers when they hit the market. “We’re seeing eight to 10 offers on homes as soon as they go on the market,” Wellman said. “I honestly haven’t seen this kind of market for homes in San Jose since 2009.”

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Buyers Real Estate Agents Inventory 414

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. Will home price growth slow in 2022?

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Housing Wire

MAY 15, 2024

A lot has been said about the ‘silver tsunami,’ with predictions that baby boomers will move in droves , suddenly unlocking tons of inventory for younger homebuyers. After all, boomers own almost 10 million homes and are likely considering a lifestyle change. New construction in age-restricted communities is becoming a rising trend.

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Design Buyers Construction Marketing 467

Housing Wire

JANUARY 8, 2021

In the new year, Mortgage Bankers Association chief economist Mike Fratantoni said the lack of inventory is the biggest constraint to further growth in home sales for 2021. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

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Construction Retail Law Inventory 468

Housing Wire

AUGUST 1, 2023

This trend is why we’ve called it a soft landing for the housing market. Inventory As a result, the seasonal inventory build is slow and on a normal cycle. There are 485,000 single-family homes on the market in the U.S. Inventory growth seems to have a few more weeks to go. Home prices declined subsequently.

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Inventory Contracts Buyers Mortgage 370

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. So far in 2022, only 5.4%

Investors 418

Investors Renovations Marketing Retail 418

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. Supply has increased, but is still very low as less than 3 months supply in any market.

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Housing Market Marketing Real Estate Appraisal 126

Housing Wire

APRIL 5, 2021

While the position of the Fund has strengthened in recent years and continues to do so largely as the result of a robust housing market driven by low inventory, low interest rates, and solid home-price appreciation, there are many reasons to proceed cautiously and to continue to prepare for the unexpected.

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Insurance Housing Market Mortgage Government 326

Appraisal Buzz

SEPTEMBER 25, 2024

TD Bank recently issued its 2024 Mortgage Service Index , surveying more than 1,800 homeowners nationwide, to gather insights and analyze perceptions around the homebuying and mortgage experience, as well as attitudes on the current state of the housing market. Q: How did you first get your start in the industry?

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Loan Officers Retail Buyers Housing Market 243

Will Springer Realtor

OCTOBER 15, 2024

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. Market watchers remain cautious, however, in anticipation of cheaper borrowing costs next year. months of inventory across all home types in King and 2.3 We now see 2.7

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Housing Market Marketing Construction Buyers 68

Lamacchia Realty

JANUARY 31, 2024

Learn More About the Southington Community 2024 Outlook Overall, the Southington,CT housing market performed as expected given that the market is adjusting from a frenzied state – home sales were down, and average prices were up. Southington proved to be no different, with homes listed down substantially year over year.

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Inventory Real Estate Housing Market Realty 59

Empire Appraisal Group

JULY 6, 2022

. – Six of the nation’s top 25 most overvalued housing markets are in the Sunshine State, which can expect to see a “prolonged period of unaffordability” even as prices in other regions of the country cool. We are poised to have a very hot market through 2022 and a very robust spring homebuying season.”. Housing crash unlikely.

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Marketing Landlords Real Estate Tenants 78

Will Springer Realtor

AUGUST 13, 2024

The summer housing market slowdown is in full swing as vacations and Olympics TV viewing grab the attention of Americans rather than the pursuit of buying or selling a home in King County. July was marked by an expanding inventory of for-sale homes, fewer Pending sales and mostly higher prices. existing home sales. There are 3.1

Buyers 53

Buyers Investors Sellers Inventory 53

Appraisal Today

JUNE 10, 2022

Hot housing market not a bubble, economists say. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. The hangar was built in 2009, and the home was completed in 2014. Jun 7, 2022. 2,821 sq.ft.

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Appraisal Contracts Business Mortgage 52

Housing Wire

OCTOBER 23, 2024

To get a real price crash, we would need to see a surge of housing inventory and distressed sellers. As you will see below, inventory is growing, but it’s been a calm, healthy rise in 2024, not a flood of houses coming onto the market. In 2007, active inventory spiked to 4 million. million in September.

Mortgage 497

Mortgage Inventory New Listings Sellers 497

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%

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Housing Market Buyers Inventory Real Estate 36

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications. . == Glorious Gilded Age Mansion for $29.9M The 30-year fixed rate increased to 6.69

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Easement Contracts Appraisal Inspection 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. Or, hit the reply button.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Will Springer Realtor

AUGUST 9, 2024

of office space, or 23% of total inventory, was available across the entire Eastside of King County, Broderick Group reported. AUGUST HOUSING UPDATE The summer housing market slowdown is in full swing as vacations and Olympics TV viewing grab the attention of Americans rather than the pursuit of buying or selling a home in King County.

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Design Real Estate Sellers Buyers 36

Appraisal Today

JUNE 24, 2022

Two Trends Slowing Housing Market Normalization. Excerpts: You can’t buy what’s not for sale — and existing homeowners have little incentive to relieve the supply pressure, keeping a lid on housing market normalization. Have to be careful when typing them to avoid typos!Two June 20, 2022.

Appraisal 52

Appraisal Contracts Mortgage Easement 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. The typical seasonal spring in its step has been replaced by a slow shuffle as the Seattle/King County residential market tries to find its rhythm in a challenging economic environment.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Housing Wire

JULY 17, 2024

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. Historically low housing inventory and escalating prices remain significant factors in constraining home sales for American and international buyers alike.”

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Buyers Inventory Realtors Real Estate 516

Will Springer Realtor

JUNE 9, 2021

Fast forward to today and markets here and across our nation are going through serious inflationary pressures. 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. million for sale today. in April).

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Housing Wire

FEBRUARY 22, 2022

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. Housing starts are also looking up, rising 1.4% Housing starts are also looking up, rising 1.4%

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Supply Chain Construction Inventory Housing Market 538

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. And housing starts didn’t return to 2001 levels until 2022.

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Marketing Investors Investing Housing Market 468

Housing Wire

NOVEMBER 2, 2024

Home prices have remained firm over the last two months, even with higher mortgage rates and inventory data. 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. Inventory fell from 736,014 to 735,718.

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Inventory New Listings Mortgage Contracts 516