Housing Wire

MAY 6, 2021

of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. “After a surprising gain for housing affordability in 2020 that was driven by historically low interest rates, housing emerged as a bright spot for the overall economy,” said NAHB Chairman Chuck Fowke.

Housing Market 461

Housing Market Market Value Marketing Construction 461

Housing Wire

SEPTEMBER 22, 2020

With that in mind, I would like to revisit my 2020 thoughts on the U.S. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The big question for the rest of 2020 is whether or not we will get total home sales of 6.2 The February housing data, pre-COVID, was juicy indeed.

Housing Market 543

Housing Market Marketing Construction Buyers 543

Housing Wire

MARCH 16, 2022

The NAHB/HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. The component tracking traffic of prospective buyers, however, rose two points to 67.

Buyers 409

Buyers Supply Chain Construction Inventory 409

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. High home prices, rising mortgage rates, and a continuous housing shortage are discouraging buyers.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

Construction 334

Construction Development Business Housing Market 334

Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

Buyers 545

Buyers Mortgage Real Estate Housing Market 545

Appraisal Buzz

APRIL 11, 2022

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. Affordability remains an issue for younger buyers who haven’t yet saved enough money. More Second Home Purchases.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

AUGUST 3, 2021

But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. from June 2020. from June 2020. Home prices increased 2.3% from May to June, and 17.2% ” The 17.2% ” The 17.2%

Buyers 514

Buyers Inventory Realtors Contracts 514

Eyes on Housing

APRIL 20, 2022

Preference for newly constructed homes skyrocketed in 2020, as buyers looked for homes with more square footage and amenities in which to work remotely, school children, exercise, etc. By the fourth quarter of 2020, 42% of prospective buyers preferred new construction.

Construction 178

Construction Buyers 178

Housing Wire

SEPTEMBER 19, 2022

Homebuilder confidence slid again in September, hitting its lowest level since May 2014 with the exception of the spring of 2020 at the onset of the pandemic, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. For 21% of respondents, however, “nothing” had improved.

Buyers 397

Buyers Housing Market Construction Marketing 397

Appraisal Buzz

JUNE 25, 2024

approximately one-third (33.4%) of single-family houses listed for sale in the first quarter were recently constructed; this percentage is down from a record-high 34.5% The percentage of newly constructed homes in the market is still over twice that of pre-pandemic levels. In the U.S.,

Construction 396

Construction Inventory Buyers Sellers 396

Housing Wire

AUGUST 26, 2024

The median home sales price in late July was $412,300, a slight decrease from the previous three months, yet still 28% above the second quarter of 2020, according to data by the Federal Reserve Bank of St. since the beginning of 2020. Currently, more than 44 million U.S. The single-family rental sector has jumped 37.5% In 2001,10.9

Marketing 441

Marketing Real Estate Agent Investors Tenants 441

Housing Wire

MARCH 1, 2024

Both buyers and sellers are coming back to the market,” Fischer said. From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” Very few new construction homes are going up in our area,” Diamond said.

Housing Market 450

Housing Market Marketing Inventory Construction 450

Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

Buyers 379

Buyers Inventory Agents Realty 379

Appraisal Buzz

JULY 1, 2024

High interest rates and housing prices have priced millions of potential buyers out of the housing market, while the number of renters with cost burdens is at an all-time high, according to a new study released by Harvard University’s Joint Center for Housing Studies. last year to 65.9%, the smallest growth reported since 2016.

Construction 415

Construction Inventory Property Taxes Insurance 415

Housing Wire

NOVEMBER 1, 2024

This is the lowest monthly jobs number since employment fell in December 2020,” Lisa Sturtevant, chief economist at Bright MLS , said in a statement. Construction was another sector that posted gains in October, adding 8,000 jobs. The average monthly job gain for the past 12 months is 194,000.

Construction 331

Construction Housing Market Real Estate Mortgage 331

Housing Wire

MARCH 27, 2024

The company collects a 3% buyer agent commission, keeps a third of it, and refunds the rest to the buyer; it does not charge a seller agent commission fee. Listings by instant buyers (also known as “iBuyers”) plummeted last year, although the industry segment’s struggles are hardly limited to Jacksonville.

Brokerage 439

Brokerage Realty Real Estate Inventory 439

Housing Wire

AUGUST 18, 2021

in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home prices are shutting out scores of buyers. “There are now almost 690,000 single-family homes under construction – the largest number since 2007. Housing starts in the U.S. million units. .

Supply Chain 505

Supply Chain Construction Inventory Buyers 505

Housing Wire

NOVEMBER 28, 2023

Based in Madison, Wisconsin, the team of eight had been affiliated with Keller Williams Realty Madison East since its debut in 2020. “We The team specializes in buyer and seller representation as well as new construction. The Husky Homes real estate team, led by Alison Crim, has joined Compass , the company announced on Tuesday.

Real Estate Agent 434

Real Estate Agent Real Estate Realty Technology 434

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints.

Inventory 514

Inventory Construction Housing Market Business 514

Housing Wire

NOVEMBER 5, 2024

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. This is largely due to a delay in homebuilding caused by supply-line disruptions and shortages of construction materials. Homebuilders are starting to catch up.

Realtors 449

Realtors Housing Market Construction Real Estate 449

Housing Wire

SEPTEMBER 24, 2021

higher than August 2020. The housing market over the summer of 2021 appears to have settled at a level lower than the surge in the second half of 2020 into early 2021,” Ben Ayers, a senior economist at Nationwide , said in a statement. increase over August 2020 levels, and reflects the 17.4% Sales of new homes were down 24.3%

Supply Chain 482

Supply Chain Housing Market Construction Buyers 482

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

Housing Market 523

Housing Market Marketing Inventory Buyers 523

Appraisal Today

SEPTEMBER 13, 2024

6 Tips for Appraising New Construction Homes Excerpts: Lenders, FHA, and the GSEs (Fannie Mae and Freddie Mac) treat new construction a little differently. When appraising new construction homes, certain factors that don’t always apply to existing dwellings must be considered. Keep a file of local building costs 4.

Construction 71

Construction Appraisal Contracts Mortgage 71

Housing Wire

JANUARY 19, 2022

Construction of single-family homes dropped 2.3% from November to 1.172 million units, the construction of multifamily units again posted a sizable increase of 13.7% increase from 2020. above the 2020 figure. 2021 was a strong year for construction.”. “The above the 2020 figure. Census Bureau.

Construction 449

Construction Housing Market Inventory Development 449

Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes.

Contracts 481

Contracts Housing Market Construction Inventory 481

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.

Mortgage 488

Mortgage Construction Contracts Housing Market 488

Appraisal Buzz

SEPTEMBER 4, 2024

According to a new study from Redfin , condo prices are falling in major Florida and Texas metros, as inventory piles up and buyers back off, as high HOA fees and insurance costs are making condos a tough sell in this current marketplace. That’s adding to the surge in condo inventory, which is piling up as buyers turn away.

HOA 397

HOA Insurance Inventory Investors 397

Housing Wire

JULY 22, 2021

million in June 2020 as housing inventory has slowly improved in recent months. from June 2020 ($294,400), as every region recorded price jumps. Ideally, the costs for a home would rise roughly in line with income growth, which is likely to happen in 2022 as more listings and new construction become available.”. month supply.

Inventory 508

Inventory Buyers Realtors Construction 508

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic. After mixed results in January , the U.S. in January.

Construction 370

Construction Renovations Real Estate Marketing 370

Housing Wire

OCTOBER 9, 2024

She has more than 25 years of real estate industry experience, and she specializes in lake properties and new construction. Most recently, in 2020, she set the record with the sale of a $7.5 Walsh cited Coldwell Banker Realty’s marketing programs as one of the reasons for her return. This earned her the No.

Realty 379

Realty Agents Real Estate Clients 379

Housing Wire

OCTOBER 24, 2024

million in the first quarter of 2020. But only about 17,000 delinquent loans completed the foreclosure process in the second quarter of 2024, almost one-third of the nearly 45,000 that completed the foreclosure process in Q1 2020. That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan.

Retail 442

Retail Buyers Renovations Finance 442

Appraisal Buzz

MAY 20, 2024

Construction soared at the start of the pandemic, with builders responding to strong demand brought on by remote work and rock-bottom mortgage rates. Today, single-family housing starts are still at significantly higher levels than pre-2020, Redfin says. “We in the report. “We in the report.

Construction 195

Construction Buyers Inventory Mortgage 195

Housing Wire

NOVEMBER 25, 2020

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. The data shows 30% of all properties purchased via online REO auction in Allen County were to out-of-state buyers, ranking 36th highest among 198 U.S. Top 5 Counties for Out-of-State Buyers.

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

SEPTEMBER 20, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. The job openings rate in construction is also trending higher.

Construction 448

Construction Housing Market Marketing Buyers 448

Housing Wire

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. “All-cash buyers used to be able to go in a little below list price, but now I’m seeing a lot of cash offers that are at list price or higher. .

Inspection 545

Inspection Inventory Buyers Sellers 545

Housing Wire

AUGUST 17, 2020

All HMI indices experienced gains in August, including current sales conditions, sales expectations and traffic of prospective buyers. However, buyers looking to relocate may be surprised as recent data from Redfin reported urban dwellers leaving the city are raising home prices in rural areas.

Construction 457

Construction Housing Market Buyers Marketing 457