Remove 2009 Remove Inventory Remove Realtors
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Housing inventory crisis continues in 2022

Housing Wire

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

Inventory 538
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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. According to NAR , low inventory is partly to blame for the homebuyers looking at fewer homes than before.

Buyers 448
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How Andrew Marquis plans to close more loans in a low-inventory market  

Housing Wire

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 418
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Homebuilders are primed for an even better 2024

Housing Wire

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. By contrast, in the decade 2009 through 2019, there was an average of 660,000 single-family homes constructed each year.

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Seattle’s already-hot real estate market is exploding

Housing Wire

For as long as Jim Pullin has been a realtor in Seattle, the Pacific Northwest city has always been a popular moving destination. But when inventory dropped to a third of its normal amount, everything changed. But the past three years — and 2020, specifically — have been something else.

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Rising Silicon Valley home prices aren’t deterring buyers

Housing Wire

“I honestly haven’t seen this kind of market for homes in San Jose since 2009.” The appeal of California is still strong, though, said Andrea Finney, a San Jose-based Realtor. . “We’re seeing eight to 10 offers on homes as soon as they go on the market,” Wellman said.

Buyers 414
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Exploring Opportunities in Manufactured Housing

Appraisal Buzz

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.