Housing Wire

FEBRUARY 13, 2024

Between July 1, 2022, and July 1, 2023, Alabama’s population grew by 34,000 people, according to estimates published by the U.S. Additionally, the 2023 National Movers Study conducted by United Van Lines ranked Alabama No. New construction is backed up,” she said. Clearly, Piccinini isn’t the only one who thinks so.

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Construction Supply Chain Inventory Agents 434

Housing Wire

JANUARY 5, 2023

So where does all that drama leave us for 2023? My 2023 price forecast: As long as rates stay above 5.875% , my affordability index will see the pressure on home prices continue. For 2023, assuming rates stay above 5.875%, we should see a 5.9%-7.4% million in 2023. Buckle up as we look at each factor individually.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Appraisal Buzz

NOVEMBER 1, 2024

According to a new Redfin research, in Q3 of this year, an estimated 28% of single-family homes for sale nationwide were newly constructed, the lowest percentage in three years. Census reports that in September 2024, sales of newly constructed single-family houses increased 6.3% Overall construction has slowed. a year ago.

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Construction Inventory Real Estate Agent Agents 370

Housing Wire

FEBRUARY 5, 2024

Additionally, the competition from existing home sellers was somewhat absent. An estimated 668,000 new homes were sold in 2023, 4.2% In the fourth quarter of 2023, almost 32% of U.S. Rising inflation came in second among the most widespread problems of 2023, cited by 83% of builders. Census Bureau and the U.S.

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Construction Housing Market Buyers Sellers 468

Housing Wire

FEBRUARY 29, 2024

This is according to an analysis conducted by Point2 , which examined metrics including single-family and multifamily completions in 2023, as well as corresponding permits issued. Bureau of Labor Statistics from 2013 to 2023. The findings are based on historic data from the U.S. Census Bureau and the U.S.

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Inventory Supply Chain Construction Buyers 468

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

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Real Estate Inventory Sellers Realtors 482

Housing Wire

AUGUST 8, 2024

rise in total value compared to June 2023 and 120% higher than in June 2014. New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. That’s according to a new report from Redfin , which shows that housing has added $3.1 That’s a 6.6% all crossed the mark.

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Home Value Housing Market Construction Buyers 456

Appraisal Buzz

SEPTEMBER 5, 2024

in 2023, an annual national home price growth of 4.7% The panelists also shared that they think speeding up construction permitting processes, increasing density around transit corridors, and allowing more “missing middle’-type housing are the local and state policy reforms likeliest to increase housing production. “I million homes.

Construction 459

Construction Inventory Housing Market Contracts 459

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. home sales during the third quarter (3Q) of 2023, according to a report from Redfin – about the same as one year earlier (35.9%) but up from 27.6% in 2023, down from 40.0% a year earlier.

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Sellers Buyers Contracts Agents 78

Appraisal Buzz

NOVEMBER 6, 2024

By the fall of 2023, mortgage rates had risen from historic lows of 2.65% in 2021 to a decade-high of 7.79%. Mortgage rates rose from 2.65% in 2021 to 7.79% in fall 2023, impacting home shoppers’ buying power. The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders.

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Buyers Marketing Sellers Loan Officers 370

Housing Wire

NOVEMBER 28, 2023

The team specializes in buyer and seller representation as well as new construction. 15 in the state of Wisconsin by transaction sides, according to the RealTrends 2023 America’s Best list. “As In 2022, the Husky Homes team closed 121 transactions and more than $48.4 million in sales volume. It even ranked No.

Real Estate Agent 435

Real Estate Agent Real Estate Realty Technology 435

Housing Wire

NOVEMBER 27, 2023

One of the urban myths spouted by people needing more experience tracking housing data was that millions of homes would hit the marketplace in 2023 because the builders had so many homes under construction. months , the builders will pause construction. Because the builders are efficient sellers. On to the report.

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Construction Buyers Mortgage Inventory 482

Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000.

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Inventory Buyers Construction Sellers 511

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. In 2022 and 2023, however, the typical home purchased was built in the mid-1980s. Between 2009 and 2021, the typical home purchased was built in the early 1990s.

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Realtors Housing Market Construction Real Estate 468

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03 Altos considers anything above a reading of 30 to be a seller’s market.

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Housing Market Marketing Inventory Construction 468

Appraisal Buzz

NOVEMBER 22, 2024

The bi-annual report reveals a resilient luxury real estate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023. Some 34% of specialists say they foresee a shift by sellers away from aspirational pricing strategies. Among specialists, 32.8% elections. “A

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Housing Wire

JANUARY 4, 2023

With a focus on purchase mortgages through referral sources, Reich aims to close $1 billion in loan origination volume in 2023 through his division alone. In addition to offering borrowers FHA loans, conventional purchase mortgages and refis, the lender specializes in retail channel construction loans, according to the firm. “We

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Retail Mortgage Construction Loan Officers 508

Appraisal Buzz

OCTOBER 30, 2024

Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. from September 2023 to 65.6, from September 2023 to 64.0, compared to September 2023. from the previous month.

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Contracts Buyers Inventory Mortgage 418

Housing Wire

JANUARY 24, 2024

The marketing campaigns that agents construct with AdBuilder will include “a custom landing page optimized for lead capture,” and agents will receive data on how their campaigns are received and interacted with, according to the release.

Technology 465

Technology Advertising Tools Agents 465

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. Consumers will reset their expectations, and as rates move lower, there will be both more buyers and more sellers in the market. In a typical year, there are about 5.2

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Housing Market Marketing Inventory Sellers 501

Housing Wire

MARCH 27, 2024

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. In 2023, not only is Watson Realty’s lead gone, but the company has fallen to 3rd place in listings. Competition heats up In 2019, Watson Realty Corp.

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Brokerage Realty Real Estate Inventory 475

Housing Wire

APRIL 18, 2024

months in March 2023. Meanwhile, new construction of both single-family and multifamily homes receded in March. Inventory has started to increase, but the market is still competitive with sellers still getting multiple offers. At the end of March, total housing inventory sat at 1.11 million units, up 4.7% from one year ago.

Inventory 445

Inventory Real Estate Agent Sellers Buyers 445

Appraisal Buzz

JUNE 11, 2024

The part of the East Coast that is cooling down is the West Coast of Florida, rife with natural disasters that are only intensifying driving people away as the new construction and pandemic-era homebuying boom fade into the distance. of sellers are dropping their asking price—up from 36% a year earlier. a year earlier.

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Insurance Construction Housing Market Inventory 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. In 2023, she closed 57 transaction sides for a total of $29.979 million in sales volume. Walsh cited Coldwell Banker Realty’s marketing programs as one of the reasons for her return. This earned her the No.

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Realty Agents Real Estate Clients 430

Housing Wire

JULY 13, 2024

In 2023, following the collapse of Silicon Valley Bank , the spreads between the 30-year mortgage and 10-year yield were at their worst, leading to new cycle highs. If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.48% higher right now.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Inventory Housing Market Marketing Construction 448

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. As we get into 2024, if interest rates touch the 5% mark, we can assume a market that heavily favors sellers. The second avenue for expanding inventory is new construction.

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Real Estate Agent Real Estate Buyers Agents 476

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Source: AEI Housing Center, www.AEI.org/housing.

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Tools Inventory Sellers Buyers 448

Housing Wire

SEPTEMBER 26, 2023

This is why I have called them efficient home sellers. From Census : New home sales Sales of new single‐family houses in August 2023 were at a seasonally adjusted annual rate of 675,000, according to estimates released jointly today by the U.S. months, the builders will pause construction. When supply is over 6.5 We are at 7.8

Inventory 523

Inventory Construction Housing Market Marketing 523

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year. Mortgage rates going down will be a clear positive sign.”

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Inventory Construction Mortgage Buyers 488

Housing Wire

MAY 25, 2022

A new generation of digitally native homebuyers and sellers are expecting online experiences , in every type of transaction, and more convenient and seamless ways to find, tour, purchase, and sell homes on their own terms. Innovation is not just on the construction side — it also can be adopted on the sales side.

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Construction Real Estate Buyers Sellers 482

Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ You have sellers who refinanced their house and they have a 2% interest rate, so why would they then go buy another house for a 7% or even 6.5% We have so much new construction happening. 6 state for inbound moves, with 60.1%

Inventory 412

Inventory Housing Market Marketing Real Estate 412

Housing Wire

FEBRUARY 24, 2023

They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023. New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S.

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Inventory Construction Housing Market Mortgage 500

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. In March of 2022, sellers received an average of 5.5 Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find. Today, the average is 2.7

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Realtors Buyers Inventory Investors 459

Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. in January 2023,” Odeta Kushi, First American ’s deputy chief economist, said in a statement.“ Residential building construction employment is now up 11.6%

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Housing Market Marketing Construction Real Estate 370

Housing Wire

APRIL 9, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. Another issue is home sellers’ bias against homebuyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. But now a new threat is emerging on this front.

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Sellers Realty Insurance Realtors 476

Housing Wire

MAY 11, 2023

“While inflation remains elevated, its rate of growth has moderated and is expected to decelerate over the remainder of 2023. ” “Meanwhile, the housing market continues to face challenges as home sellers are less active this spring. That’s below his range for mortgage rates in 2023.

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Mortgage Sellers Home Improvement Construction 418