Housing Wire

NOVEMBER 13, 2020

Low mortgage rates and record-low housing inventory has driven home price increases throughout the year. Finding a solution to the housing inventory crisis, NARs Chief Economist Lawrence Yun said. lower than the total inventory at the end of Q3 last year. As of September 2020, there were enough homes in inventory to last 2.7

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Housing Wire

MAY 21, 2024

is promoting its new development director, Jennifer Alese, to the position of chief business officer, The Real Deal reported on Monday. Alese will be the company’s first chief business officer, and Carolyn Sebba will replace Alese as the new development director. billion in inventory, The Real Deal reported.

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Housing Wire

FEBRUARY 24, 2021

New home sales in 2021 picked up right where they left off in 2020, near their highest levels in more than a decade thanks to low inventory. Census Bureau and the Department of Housing and Urban Development. Sales of new single-family houses in January were at a seasonally adjusted annual rate of 923,000 — 4.3% in the West.

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Housing Wire

AUGUST 23, 2021

A notable development: After a year of extremely tight housing inventory , the housing market is showing signs of finally adding housing stock. The inventory of unsold homes rose by 7.3% However, even with the availability of more homes on the market, inventory for homebuyers is down 12% from 2020 (1.5

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Housing Wire

DECEMBER 23, 2020

From the Census Bureau: “Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. Builder confidence is primarily based on inventory.

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Housing Wire

SEPTEMBER 28, 2020

This growth in demand is consistent with what I have been saying for many years – that if interest rates stayed low, good housing demographics in the years 2020 to 2024 would substantially drive up demand for housing, including new home sales, which will be the only period where we would start a year at 1.5 million a year. It is legit.

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Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

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Housing Wire

JUNE 28, 2022

Since the summer of 2020, I have talked about how to cool down home sales: we need the 10-year yield to break over 1.94%. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. The 20-City Composite posted a 21.2%

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Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. Presented by: Fannie Mae.

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Housing Wire

MAY 15, 2024

Researchers developed a framework for estimating the number of home sales in 2024 based on the current levels for mortgage rates. Available inventory of homes to buy follows a reliable seasonal trend with the low in Q1 and the high in Q3 of each year (except for the 2020 pandemic year). This was a supply-constrained market.

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Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” 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.” Last year was a tough one for the Indiana real estate market.

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Housing Wire

NOVEMBER 25, 2020

million until we reached the years 2020-2024. The Census Bureau reports : “New Home Sales Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

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Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. As always, the years 2020-2024 were going to be different.

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Housing Wire

JUNE 22, 2021

from May 2020 ($283,500). “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. Total housing inventory at the end of May grew to 1.23 months in May 2020.

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Housing Wire

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

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Housing Wire

NOVEMBER 26, 2024

Department of Housing and Urban Development (HUD) shows new-home sales in October clocking in at a seasonally adjusted annual rate of 610,000 — a 17.3% Existing-home inventory in October rose 19.1%, giving home shoppers considerably more options as an alternative to a new home. Data released Tuesday by the U.S. decline year over year.

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Housing Wire

JANUARY 31, 2024

CoreLogic Principal Economist Molly Boesel told HousingWire the 2022 price boom was largely “a spillover from the for-sale market,” which has been stuck in a prolonged inventory crunch in the present high-mortgage-rate environment. Census Bureau and the Department of Housing and Urban Development.

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Housing Wire

OCTOBER 2, 2020

Caliber, headed by CEO Sanjiv Das, has retail, wholesale and correspondent lending channels, and has developed a large book of business in the purchase space. Caliber is also among the 10 biggest GSE sellers, at nearly $34 billion in mortgages through August 2020.

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Housing Wire

SEPTEMBER 21, 2021

Department of Housing and Urban Development. higher than the August 2020 rate. In comparison, 40% of new homes sold in Spring 2020 were completely finished. “More inventory is coming for a market that continues to face a housing deficit,” Dietz said in a statement. from July 2021 and 17.4% Additionally, 1.33

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Housing Wire

DECEMBER 19, 2024

I am super busy right now, said Charissa Kennard , an agent for Berkshire Hathaway HomeServices Verani Realty.There is a lot of inventory right now, which is good because there are a lot more options for clients right now. This massive influx of new residents calling New Hampshire home has caused a strain on the states housing inventory.

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Housing Wire

JUNE 8, 2021

EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. In 2020 it acquired equipment finance lender Ascentium Capital and a year prior picked up institutional investment firm Highland Associates. billion in volume in 2020. in 2021 to $433 billion.

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Housing Wire

MAY 13, 2021

. “While still strong, this sales pace remains below the 877,000-sales pace seen in the second half of 2020.”. The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. of loan applications, followed by just 15.8%

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Housing Wire

FEBRUARY 13, 2024

While Alabama agents might feel good about their state’s prospects as a migratory hotspot, they must also face the repercussions of a growing population — namely increased pressure on the state’s already constrained housing inventory. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said.

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Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? However, the people who say low inventory is fake news don’t realize that housing credit channels are very different from 2008, which has prevented total active listings from looking anything like 2008. percent (±15.2 percent (±12.7

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Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year.

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Housing Wire

JUNE 10, 2024

Researchers developed a framework for estimating the number of home sales in 2024 based on the current levels for mortgage rates. In 2020 and 2021, home sales dramatically accelerated with plummeting mortgage rates. By watching the unsold inventory data, we can observe that demand accelerated more than supply at this time.

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Housing Wire

DECEMBER 23, 2021

months and total inventory are collapsing again and we might see new fresh all-time lows before the spring of 2022. From Census: For Sale Inventory and Months’ Supply: The seasonally?adjusted Census Bureau and the Department of Housing and Urban Development. percent)* below the November 2020 estimate of 865,000.

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Housing Wire

MAY 18, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction on new housing starts. above the April 2020 rate of 1.09 ” In authorizations, units in buildings with five units or more were authorized at a rate of 559,000 in April. . million — 60.9%

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Housing Wire

AUGUST 5, 2022

When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs! Well, I was off by two months: Today, the BLS reported that 528,000 jobs were created with positive revisions of 28,000, which gave us just enough to pass the February 2020 levels.

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Housing Wire

JULY 26, 2022

Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. Census Bureau and the Department of Housing and Urban Development. The hot home price party started in 2020, which wasn’t good. They have taken advantage of the low inventory story in 2020 and 2021.

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Housing Wire

DECEMBER 18, 2020

There is currently only one month’s worth of housing inventory in Austin. Little-to-no inventory among such strong demand is artificially raising the median home price right now, 2020 president of the board, Romeo Manzanilla, told HousingWire. Additionally, residential sales increased by 28.8% last month.

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Housing Wire

DECEMBER 14, 2024

Weekly housing inventory data We are experiencing a seasonal decline in housing inventory , which seems normal. The positive outlook for housing in 2024 is that we have established a good buffer with our inventory data something we could not do from 2020-2023. I am happy with the inventory growth we are seeing in 2024.

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Housing Wire

JANUARY 19, 2022

Department of Housing and Urban Development and the U.S. increase from 2020. above the 2020 figure. Experts are attributing the stability of housing starts this year to a slowly improving labor market, low mortgage rates, high demand for housing and an extremely low level of existing housing inventory. Census Bureau.

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Housing Wire

JANUARY 26, 2022

But what if the market conditions include historically low levels of available inventory for sale, and competing for that limited inventory with institutional investors as well as millions of millennial homebuyers? in 2020 to 33.2% It’s simply a matter of adjusting your investment strategy to optimize current market conditions.

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Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. markets; by December 2020, prices were already up 23.6% While moving itself can be stressful, changing zip codes in 2020 and 2021 seems to be eliciting mostly happiness.

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Appraisal Buzz

DECEMBER 17, 2021

compared with November 2020, according to the U.S. Department of Housing and Urban Development. The post Housing Starts Surged Nearly 12 Percent in November, Bringing Some Relief to Inventory Constraints appeared first on Appraisal Buzz. compared with October and an increase of 8.3% Census Bureau and U.S. Starts of single?family

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Housing Wire

OCTOBER 15, 2020

A Q3 2020 rise in vacant foreclosures signals a possible re-escalation in a hard-fought battle against neighborhood blight in which many cities have just recently gained the upper hand. “We When we began a decade ago there was much more blight. There were more than 5,000 vacant properties. nationwide in the second quarter.

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