Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” But as the calendar flipped to 2024 and as we inch closer to the spring selling season, Fischer said things have started to pick up. in mid-January 2024. as of February 29, 2024. According to Altos Research, as of Feb.

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Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. 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.

Housing Market 490

Housing Market Marketing Inventory Sellers 490

Housing Wire

JULY 19, 2024

year over year in June 2024. Meanwhile, construction labor is another issue facing the market. We’re worried about construction labor,” Mohtashami said. Inventory has also grown in recent years, with single-family housing supply at 650,000 units last week, according to Altos Research data.

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Inventory Construction Mortgage Development 383

Housing Wire

JANUARY 1, 2024

Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. Here’s my forecast for 2024: 10-year yield and mortgage rates For 2024, the 10-year yield range will be similar to 2023, but with a few different variables to watch.

Housing Market 522

Housing Market Marketing New Listings Construction 522

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Inventory Housing Market Marketing Modernization 500

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 474

Housing Wire

MAY 10, 2022

The relative pressure of supply vs. demand in the housing market is gauged by the level of active inventory. Like dropping barometric pressure, plunging inventory usually foretells stormy conditions: Faster price growth and faster sales. The post When will housing inventory recover? appeared first on HousingWire.

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Inventory Housing Market Construction Sellers 389

Appraisal Buzz

JANUARY 2, 2025

The October 2024 results for the S&P CoreLogic Case-Shiller Indices were issued today by the S&P Dow Jones Indices (S&P DJI). In October 2024, the leading indicator of U.S. a modest decrease from the previous 2024 annual gains. home values had an annual growth of 3.6%a year-over-year growth (down from 5.2%

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Inventory Buyers Home Value Housing Market 329

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

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Construction Housing Market Inventory Buyers 447

Appraisal Buzz

OCTOBER 7, 2024

Meanwhile, Florida’s more metropolitan areas saw a heap of new construction, a contributing factor to Miami’s inclusion on the list at number seven. The combination of high prices and climbing mortgage rates tempered demand, leading to building inventory, the author explained.

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Housing Wire

JULY 24, 2024

The drop in sales is causing a rapid rise in unsold inventory. rise from the revised May 2024 number. The surge in mortgage rates earlier this spring softened housing demand, leading to a slowdown in sales and an increase in both resale and new home inventory levels,” Zillow senior economist Orphe Divounguy said in a statement.

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Inventory Construction Realtors Marketing 359

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 417

Inventory Housing Market Marketing Modernization 417

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 467

Housing Wire

JULY 23, 2024

Home price growth in the second quarter was stronger than previously anticipated, but economists at Fannie Mae believe it will likely moderate soon, closing 2024 and 2025 at annualized rates of 6.1% Credit: Fannie Mae Fannie Mae said Tuesday it expects the Consumer Price Index to end 2024 at 2.9% in 2024 and 6.4%

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Inventory Housing Market Construction Mortgage 385

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived.

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Investors Marketing Inventory Real Estate 432

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

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Inventory Renovations Real Estate Government 457

Housing Wire

DECEMBER 23, 2024

New home sales grew over last month in the latest Census report , but homebuilders are now facing a supply issue their inventory is building up. This situation poses a risk to construction labor in 2025. Is 2025 the first year we start losing residential construction jobs? This issue extends beyond just housing. percent (18.6

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Construction Inventory Mortgage Development 457

Housing Wire

OCTOBER 15, 2024

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

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Construction Buyers Agents Marketing 402

Housing Wire

AUGUST 21, 2024

Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on a number of reliable metrics that have “barely budged in response to the more favorable rate environment.“ million home sales in 2024 (down from 4.81 The ESR Group now expects 4.78 million sales in 2025 (down from 5.26

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Mortgage Construction Inventory Housing Market 400

Housing Wire

NOVEMBER 16, 2023

On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates. However, the rate of housing inflation is steadily falling and there are high hopes that interest rates will fall in 2024. In particular, the 10-year Treasury rate moved back to the 4.5%

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Inventory Construction Housing Market Finance 392

Housing Wire

JUNE 7, 2021

Because that period followed a housing boom and bust when inventory was overbuilt. We first had to whittle down the excess inventory and get our financial house in order (i.e., million until 2020-2024. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever.

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Housing Market Marketing Inventory Construction 545

Housing Wire

FEBRUARY 13, 2024

Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. 9, 2024, Alabama had a 90-day rolling average of 11,894 active single-family listings, according to data from Altos Research. New construction is backed up,” she said. As of Feb.

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Construction Supply Chain Inventory Agents 351

Housing Wire

MAY 22, 2023

Existing home sales have been largely in line with the ESR Group’s recent forecast of further gradual declines throughout the year, which were expected due to affordability constraints and tight existing home sales inventory of existing homes for sale. For 2024, the agency anticipates volumes of $2.03

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Construction Inventory Government Contracts 379

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. The total supply of inventory of single-family homes is up 22% over the previous year. Overall construction has slowed. a year ago. Overall U.S.

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Construction Inventory Real Estate Agent Agents 370

Appraisal Buzz

SEPTEMBER 5, 2024

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Construction Inventory Housing Market Contracts 461

Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. of responding specialists agreed.

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Buyers Luxury Properties Marketing Inventory 418

Housing Wire

JUNE 2, 2022

I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 HousingWire: To add to that, since housing is in an inventory shortage, the market has changed, so the good news is inventory is growing. Months are homes under construction 0.8 Then this happened.

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Training Inventory Housing Market Real Estate Agent 393

Housing Wire

DECEMBER 21, 2023

A rise in homebuilder confidence , followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low.” Lack of inventory The scarcity of available homes has kept home prices elevated. by mid-year and to decline further to 6.2% Another obstacle?

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Mortgage Inventory Construction Marketing 503

Housing Wire

JANUARY 26, 2024

According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62 increase between 2024 and 2025 to a pace of 5.35 million units.

Contracts 458

Contracts Housing Market Construction Inventory 458

Housing Wire

JULY 13, 2024

The year-to-date data for 2024 is still unfavorable, with 10 positive prints, 14 negative prints and two flat prints. Weekly housing inventory data This week’s data was hit with the July 4th bug. have higher inventory data than the national data. With more sellers who are buyers, we have a tad more demand this year.

Mortgage 484

Mortgage New Listings Inventory Contracts 484

Housing Wire

OCTOBER 26, 2020

When mortgage rates got to 4.75% -5% in 2018, demand fell and inventory for new homes went up. This dramatically slowed the rate of growth in construction in 2019. When this happens housing construction stalls. Today, however, inventory looks excellent, standing at 3.6 Anytime inventory dips below 4.3

Construction 545

Construction Inventory Mortgage Technology 545

Appraisal Buzz

JUNE 21, 2024

According to the Fannie Mae Economic and Strategic Research (ESR) Group’s June 2024 analysis , affordability restrictions continue to limit the amount of buyers wanting and able to make home purchases, despite an increase in for-sale home listings. million in 2024, marking a moderate 1.3% annual rise vs the previously projected 2.8%.

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Inventory Construction Finance Development 398

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. For now, though, the low inventory means housing starts have legs to move higher. months, the builders are ok with construction as long as new home sales grow. If supply goes over 6.5 Hard pass.

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Inventory Construction Government Housing Market 539

Housing Wire

DECEMBER 14, 2024

Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024. This is the weekly pending sales for last week over the previous few years: 2024: 304,034 2023: 275,022 2022: 277,102 Purchase application data The weekly data on purchase applications showed a week-to-week decline of 4%.

Mortgage 395

Mortgage Inventory New Listings Contracts 395

Appraisal Buzz

DECEMBER 10, 2024

Half of the top markets, including Richmond, Virginia (11.8%); Atlanta (10.8%); Phoenix (10.6%); Colorado Springs, Colorado (8.9%); and Orlando, Florida (8.8%), report higher shares of remote or hybrid job postings in 2024 than the average across the top 100 metros (8.6%), according to WFH Data. In November, all four U.S. in the West, 18.9%

Housing Market 416

Housing Market Marketing Inventory Government 416

Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. below the revised August 2024 rate of 1,470,000, and 5.7% The housing market remains structurally underbuilt, and homeowners with locked-in low mortgage rates are keeping existing-home inventory limited.

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Construction Housing Market Inventory Home Value 419

Housing Wire

JULY 24, 2024

Will the Federal Reserve pivot in time to save construction workers? This is key because, traditionally, residential construction workers are the first to lose their jobs before every recession since higher mortgage rates hit housing first. months , the builders will pause construction. Monthly supply: 9.3 When supply is over 6.5

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Construction Inventory Mortgage Marketing 418