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December marks a full year of declines in builder confidence

Housing Wire

Homebuilder sentiment dropped yet again in December, hitting its lowest reading since mid-2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020. Looking ahead, Dietz recommended that builders plan one year or more out when thinking about land and construction timelines.

Contracts 448
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Homebuilders say housing starts will fall even further in 2023

Housing Wire

Homebuilder confidence continued its downward spiral in October, hitting its lowest level since August 2012, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday.

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Are new home sales flagging a recession?

Housing Wire

months and above, the builders will pull back on construction. The new home sales sector is much different — it’s a contract to purchase a home that isn’t built yet. Yes, the builders have issues as rates have risen on them and this will impact the single-family construction aspect of their business. When supply is 4.4

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

Merle Whitehead, who in 2016 sold his brokerage RealtyUSA to Howard Hanna Real Estate Services , “years ago, worked diligently to increase the share of buyers who were under contract to work with his agents,” says Murray. “He got up to 20% to 30%, as I recall.” ” That means cutting occupancy and operating costs.

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Nearly All of U.S. Homes Sitting For at Least a Month 

Appraisal Buzz

That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

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. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract).

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OK to average adjusted comps on appraisals?

Appraisal Today

In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. to 305,219—the lowest third-quarter level since 2012. That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago. Investor purchases of U.S.