Remove 2012 Remove Construction Remove Sellers
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New Home Construction Expectations for 2022

Appraisal Buzz

Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing. between 2012 and 2021. Things may be taking a turn for the better in 2022, though.

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Home sale prices reach record highs — again

Housing Wire

In looking at more than 400 metros, Redfin found that homes sold during a four-week period ending April 18 were on the market for a median of 21 days, the shortest time on market since 2012. And on top of that, builders are struggling to construct new homes given an ongoing lumber shortage.

Sellers 482
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With home sales down, why are home prices still up?

Housing Wire

Home sellers and builders had too much pricing power, pushing prices to the extreme. I don’t need the housing market to have 2012, 2014, orr 2016 inventory levels to be balanced — I just need 2019 inventory data, which is between 1.52-1.93 From BLS : The downside of higher rates Housing construction will slow.

Inventory 540
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The 2021 housing market recap by Logan Mohtashami

Housing Wire

After failing from 2012-2019, they went all in during 2020 due to COVID-19, only to move the goalpost to 2021 due to forbearance. Housing permits are growing and this is a good thing for the economy and construction jobs. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020.

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Are new home sales flagging a recession?

Housing Wire

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. months and above, the builders will pull back on construction. The only way this happens is by higher rates. When supply is 4.4

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

I have been forecasting since 2010 and I’ve only predicted price declines for 2011 and 2012. Existing home sales fell very fast in 2022 due to higher mortgage rates and a lack of new listing growth, which meant the number of traditional sellers who bought a home was much lower in 2022. We are at 8.6