Housing Wire

NOVEMBER 22, 2023

The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average. At a national level, if there are price drops, they will be modest and short-lived simply because inventory will still be very low by historic standards.

Housing Market 501

Housing Market Marketing Inventory Sellers 501

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. months and above, the builders will pull back on construction. It’s taking forever to build a home and that has created a huge number of homes under construction.

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

APRIL 23, 2024

More on that topic and why existing home prices are still up here. Now, the builders can mitigate the damage of higher mortgage rates and prevent home sales from dropping to the lowest level of sales ever (which was in 2010 at 305,000.) Yes, you read correctly — we have 89,000 completed new homes for sale!

Inventory 514

Inventory Construction Mortgage Buyers 514

Housing Wire

JANUARY 10, 2022

Even with this increase, fixed-rate loans will still be cheaper than they were before the pandemic: In the 2010-2019 decade the interest rate averaged 4.1% In addition, more for-sale inventory will likely be available on the market. for 30-year fixed-rate loans.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

DECEMBER 29, 2022

This now goes into a subject matter that is a striking difference between 2022 versus 2008: Inventory and Credit. Housing inventory. Total housing inventory today — using the NAR data — stands at 1.14 With three refinancing waves since 2010, their housing debt cost versus their total wages fell.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

FEBRUARY 15, 2024

were 65 and older as of 2020, up from 13% in 2010,” the report reads. Homeowner tenure is projected to remain flat, but a larger share of homeowners remaining in place is also contributing to an inventory shortage, according to the report. Some young families are turning to new construction, and others are renting homes.”

Property Taxes 488

Property Taxes Insurance Construction Inventory 488

Housing Wire

FEBRUARY 17, 2022

Then on top of all that, existing total inventory has broken to all-time lows. You can understand why I keep saying this is the unhealthiest housing market post-2010. With rental inflation kicking into high gear, the need for multifamily construction will stay. Housing permits. We have nearly 11 million job openings in the U.S.

Construction 435

Construction Housing Market Inventory Marketing 435

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s. national home price decline.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

APRIL 14, 2023

Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find. At that time, housing inventory dropped to historic lows making the environment ripe for investors. Notably, during the timeframe of the First-time Home Buyer Tax Credit, there was significantly more inventory than seen today.

Realtors 459

Realtors Buyers Inventory Investors 459

Housing Wire

DECEMBER 29, 2021

Also, post-2010, the loans in American are very vanilla on the debt structure side of the equation. Housing permits are growing and this is a good thing for the economy and construction jobs. Currently, home-price growth is too hot, which is why I label this the unhealthiest housing market post-2010. These households got sub-3.5%

Housing Market 534

Housing Market Marketing Construction Mortgage 534

Housing Wire

JANUARY 19, 2022

You always want to be skeptical of any housing starts data that comes in too strong or too negative from the trend, and we had some specific factors in this report that boosted multifamily construction. The real story here in America in housing construction is the long delays in finishing a home which, is very obvious now in the housing data.

Construction 496

Construction Housing Market Inventory Marketing 496

Housing Wire

DECEMBER 4, 2020

over the next three years – nearly a percentage point lower than the average of the 2010-2019 decade. . “And I wouldn’t be surprised if this low rate environment continues even beyond 2021, not necessarily at 2.7% On average, CoreLogic predicts mortgage rates to sit closer to 3.2% Price appreciation is expected to average 2.5%

Mortgage 518

Mortgage Contracts Construction Inventory 518

Housing Wire

APRIL 24, 2023

million, the existing home sales forecast represents the slowest annual pace since 2010, according to the ESR Group. New home construction is expected to pull back later in 2023 – consistent with Fannie Mae’s forecasted recession – which is due, at least in part, to tighter credit availability for construction lending.

Construction 397

Construction Lending Inventory Mortgage 397

Housing Wire

NOVEMBER 22, 2024

That’s a factor too of higher inventory.” of existing supply, with another 38,000 of apartment units under construction (12.2% We believe rates (including financing rates) staying higher for longer will delay any rebound in construction activity in the near term,” he wrote. Year over year, apartment rents are down -7.5%

Marketing 370

Marketing Housing Market Property Taxes Construction 370

Housing Wire

AUGUST 29, 2023

At a national level, rent growth fell annually for the last three months as increased rental inventory relieved some price pressure. Up until now, high home prices were buoyed by a lack of inventory, however stubbornly high mortgage rates are starting to have a negative impact on demand.

Inventory 370

Inventory Buyers Construction Marketing 370

Housing Wire

JANUARY 7, 2022

While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate. By the numbers, Springfield is dealing with a similar high-demand, low-inventory quandary as the rest of the country, though with lower prices.

Housing Market 418

Housing Market Marketing Real Estate Agent Agents 418

Housing Wire

JANUARY 20, 2023

million units, declining from its final estimate of total sales in 2022 and marking the slowest annual pace since 2010, according to its Economic and Strategic Research Group. “We Inventory remains tight , and the overall housing stock is well below what long-run demographic trends suggest is needed, according to the group.

Mortgage 418

Mortgage Housing Market Buyers Contracts 418

Housing Wire

NOVEMBER 2, 2020

Remember, in 2010 we had the homebuyer tax credit so that I wouldn’t count that data line. months, builders pull back, and new construction stalls. We saw this in 2018 and then spent the entire year of 2019 selling off the excess inventory. This level of inventory means new home sales are doing ok, not great.

Housing Market 545

Housing Market Marketing Inventory Design 545

Housing Wire

DECEMBER 20, 2021

I have never believed in the housing construction boom premise as mature economies don’t have construction booms with slowing population growth. Housing inventory has been falling since 2014 and mortgage purchase applications have been rising since then. I would like to see inventory get toward 1.52 – 1.93

Housing Market 544

Housing Market Inventory Mortgage Marketing 544

Empire Appraisal Group

DECEMBER 19, 2024

Despite Inventory Rise, Home Buyers Remain Cautious Source: [link] More listings are coming to the real estate market, but home sales continue to be sluggish. There are more inventory choices for consumers, lower mortgage rates than a year ago and continued job additions to the economy. Housing inventory was up 1.5%

Inventory 78

Inventory Buyers Real Estate Realtors 78

Housing Wire

SEPTEMBER 13, 2024

Ryan Serhant: My life changed in 2010 when Andy Cohen and the executives at Bravo picked me to be one of three people to be on a real estate reality television show that everyone told me not to do. We have incredible multifamily teams, commercial teams, new construction teams, high net worth teams, beach teams, golf teams.

Brokerage 431

Brokerage Real Estate Agent Agents Real Estate 431

DataMaster

FEBRUARY 25, 2021

Between 2010 and 2017, homeownership rates increased only among adults aged 65 and older. Inventory is in Short Supply in 2021. Not only do Millennials homebuyers have to figure out how to afford a home, they also have to deal with the sorry state of inventory! New Home Construction. Interest Rates in 2021.

Inventory 174

Inventory Buyers Construction Supply Chain 174

Appraisal Buzz

JUNE 14, 2024

As a surge in new multifamily rental units has slowed down rent growth, single-family construction is starting to lift for-sale inventories. Having previously worked at the Center in the 1990s, Chris rejoined the Center in 2010 from Abt Associates, to serve as the Director of Research.

Development 221

Development Government Project Management Design 221

Hank Miller Team

NOVEMBER 8, 2021

The two main drivers; low mortgage rates and historically low inventory. The expectation is that the pace of new construction will pick up. It’s been lagging since the crash of 2010 as builders worked thorough those years of turmoil. An increase in new home inventory will have positive ripple effects.

Supply Chain 98

Supply Chain Inventory Housing Market Government 98

Empire Appraisal Group

OCTOBER 28, 2021

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. years in 2010, and 6.4 The share of entry-level homes in overall construction declined from 40% in the early 1980s to around 7% in 2019. “A

Inventory 78

Inventory Housing Market Construction Real Estate 78

Will Springer Realtor

OCTOBER 15, 2024

The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. months of inventory across all home types in King and 2.3

Housing Market 68

Housing Market Marketing Construction Buyers 68

Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. I am merely interpreting what I think are the critical issues established this proposed tax.

Real Estate 370

Real Estate Law Development Investors 370

DataMaster

FEBRUARY 25, 2021

Between 2010 and 2017, homeownership rates increased only among adults aged 65 and older. Inventory Inventory is in Short Supply in 2021 Not only do Millennials homebuyers have to figure out how to afford a home, they also have to deal with the sorry state of inventory! New home construction permits rose by 22.5

Inventory 78

Inventory Buyers Construction Supply Chain 78

DataMaster

FEBRUARY 25, 2021

Between 2010 and 2017, homeownership rates increased only among adults aged 65 and older. Inventory is in Short Supply in 2021. Not only do Millennials homebuyers have to figure out how to afford a home, they also have to deal with the sorry state of inventory! New Home Construction. Interest Rates in 2021.

Inventory 78

Inventory Buyers Construction Supply Chain 78

Raleigh Realty

JULY 12, 2022

According to the latest census, the population in Raleigh grew by almost 64,000 residents between 2010 and 2020. As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. The largest population in Raleigh is 25 to 34 (18.9)

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Inventory was little changed from July to August. months’ inventory, down from 1.5 Condo inventory stayed at 1.8

Finance 68

Finance Inventory Construction Buyers 68

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. Most recently, the 2010 build became one of the most expensive homes on the market when it hit the market in early August at the greatly reduced $26 million listing price. And now, the chateau is again up for grabs.

Appraisal 81

Appraisal Contracts Business Construction 81

Boston Appraisal

JULY 6, 2020

This was the lowest level since July, 2010 and is part of a three-month decline in sales. During the height of the pandemic, new home construction ground to a halt. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. Compared with May of 2019, existing home sales were down 26.6%.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Boston Appraisal

JULY 6, 2020

This was the lowest level since July, 2010 and is part of a three-month decline in sales. During the height of the pandemic, new home construction ground to a halt. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. Compared with May of 2019, existing home sales were down 26.6%.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Will Springer Realtor

AUGUST 15, 2023

Mortgage rates are high, home prices are high, there’s no inventory.” is on track to sell only 4.16M homes this year, the fewest since the Great Recession and the June inventory figure is believed to be the lowest for the month on record. The result: generally rising prices amid limited inventory. In addition to King County’s 3.0%

Sellers 61

Sellers Buyers New Listings Inventory 61

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). months’ inventory, up from 1.4 months’ inventory (2.0 Single-family inventory rose to 1.6 King had 1.8

New Listings 56

New Listings Buyers Inventory Lending 56

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises.

Real Estate 68

Real Estate Buyers Sellers Inventory 68