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. increase between 2024 and 2025 to a pace of 5.35 in 2025 to reach $405,200. in 2025 to reach $405,200. million and a 15.8% million units. year over year.

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Contracts Housing Market Construction Inventory 482

Housing Wire

JULY 23, 2024

HousingWire Lead Analyst Logan Mohtashami recently wrote that higher mortgage rates “have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. trillion in origination volume in 2025, up from a projected $1.70 Data from the U.S. Census Bureau and the U.S.

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Mortgage Real Estate Agent Finance Buyers 511

Appraisal Buzz

DECEMBER 11, 2024

is Realtor.coms Top Housing Market for 2025 , a list of the top 100 housing markets that are forecast to see increased sales in the coming year. As a result, housing affordability remains a challenge, with buyers spending about 31.1% Colorado Springs, Colo. Rounding out the top 10 markets are Miami-Fort Lauderdale-Pompano Beach, Fla.;

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Housing Market Marketing Buyers Design 195

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. in September as mortgage rates fell as low as 6.08% in the month, spurring buyers to take advantage of the temporary reprieve,” Jones said.

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Contracts Buyers Inventory Mortgage 418

Appraisal Buzz

SEPTEMBER 5, 2024

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. elementor – v3.23.0 – 05-08-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.eleme

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Construction Inventory Housing Market Contracts 459

Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Builders improved outlook is likely due to the beginning of the Fed’s easing cycle and expectations of lower interest rates in 2025.” Census Bureau and the U.S. below the September 2023 rate of 1,363,000.

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Construction Housing Market Inventory Home Value 418

Housing Wire

AUGUST 14, 2024

As the Fed has kept rates high, those higher rates have exacerbated housing costs by dampening new housing construction and increasing borrowing costs.” Although inventory is recovering, many buyers are either priced out or are waiting for rates to drop. “In “But shelter has been an outsized contributor to the Consumer Price Index.

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Inventory Construction Mortgage Buyers 459

Housing Wire

NOVEMBER 1, 2024

Construction was another sector that posted gains in October, adding 8,000 jobs. Residential construction gained 1,300 jobs in October, while residential specialty trade contractors shed 6,600 jobs. Residential construction gained 1,300 jobs in October, while residential specialty trade contractors shed 6,600 jobs.

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Construction Housing Market Real Estate Mortgage 370

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. As a result, the ESR Group reduced its total home sales prediction to 4.82

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Appraisal Buzz

JUNE 5, 2024

in April 2025. Home Price Growth Expected to Moderate by Spring 2025 The CoreLogic Market Risk Indicator (MRI) predicts that Palm Bay-Melbourne-Titusville, FL (70%-plus probability) will experience a significant fall in property values during the next 12 months. “The CoreLogic’s forecast shows annual U.S.

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HOA Insurance Construction Inventory 370

Housing Wire

SEPTEMBER 21, 2023

Until interest rates come down, affordability challenges will continue to put first-time buyers on the sidelines, housing industry observers said. In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. in 2024 and 5.1%

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Real Estate Mortgage Buyers Inventory 448

Housing Wire

AUGUST 29, 2024

Buyers have more selection, with less upward price pressure , in an affordability-challenged market. These destination states have almost all had the highest rates of new construction in the country. Likewise, construction in a place like Ohio can be at a very slow pace, since the state has outbound migration.

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Inventory Real Estate Housing Market Construction 482

Housing Wire

DECEMBER 6, 2024

Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.

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Real Estate Clients Tools Sellers 397

Appraisal Buzz

JUNE 11, 2024

The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the GSEs) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.

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Finance Real Property Design Lending 390

Housing Wire

AUGUST 3, 2023

This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added.

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Construction Development Finance Mortgage 370

Housing Wire

DECEMBER 18, 2024

The site, which was constructed throughout nearly all of 2024, launched post-live quality assurance (QA) and has been up for about a day, Burgard confirmed in an interview with HousingWire. Citi led creative testing throughout the year-long site design and build, and will conduct testing throughout 2025.

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Appraisal Buzz

JUNE 4, 2024

in April 2025. The home price slowing also highlights buyers’ increased sensitivity to rising interest rates, as well as the anticipation that presumed lower rates down the road will help ease the affordability crunch,” Hepp adds. Miami saw the next-highest gain at 9.7%. CoreLogic’s forecast shows annual U.S.

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HOA Insurance Construction Inventory 195

Appraisal Buzz

OCTOBER 24, 2024

The Committee serves a critical advisory role to HUD by helping shape the direction of its Housing Counseling Program and providing guidance on how to better serve prospective buyers, homeowners, and renters with their housing needs.

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Real Estate Renovations Development Construction 221

Housing Wire

SEPTEMBER 13, 2024

My plan is to open 10 markets between now and the end of 2025. We have incredible multifamily teams, commercial teams, new construction teams, high net worth teams, beach teams, golf teams. RS: First and foremost, you have to have a clear understanding of what your value proposition is to buyers that you want to work with.

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Brokerage Real Estate Agent Agents Real Estate 431

Appraisal Buzz

OCTOBER 11, 2024

Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020. But buyers have been reluctant to respond. Higher home prices mean buyers have to come up with larger down payments. They were down 1.9% year over year.

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New Listings Buyers Housing Market Real Estate Agent 195

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

D Fritz Appraisals

JULY 4, 2024

While the BC housing crisis is hurting British Columbians, the provincial government is attempting to facilitate faster home construction and increase the number of rental properties through several initiatives. New rules and standardized designs are helping home builders speed up the construction of small-scale multi-unit housing.

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Construction Government Appraisal Transportation 111

The Robert Weiler Company

JANUARY 27, 2023

Add in the aftermath of COVID-19 with lingering supply chain shortages, inflation, and a severe housing and construction crisis, and it’s clear that in many respects, Columbus is bucking several trends while simultaneously pioneering new ones. But these broad strokes barely scratch the surface of Columbus’ full potential.

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Real Estate Supply Chain Construction Development 148

Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. Homes are not finding buyers quickly, however, with King experiencing a 9.2% Hold on, there!

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Housing Market Marketing Construction Buyers 68

Appraisal Today

NOVEMBER 1, 2024

Conversely, in high-end homes, buyers expect the latest designs, features and finishes; and therefore, an outdated kitchen may be considered as functional obsolescence. When business picks up, hopefully in early 2025, you need to start thinking about which AMCs you want to work for. Early 2025 Appraiser training starts.

Appraisal 84

Appraisal Training Contracts Mortgage 84

Will Springer Realtor

FEBRUARY 13, 2024

The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. There is plenty of pent-up demand from prospective buyers who have watched for months from the sidelines as financing costs remained untenable. That’s a whopping 134% more than December and a solid 7.0%

New Listings 56

New Listings Buyers Inventory Lending 56

Will Springer Realtor

JULY 26, 2022

Construction on the new bridge is underway, along with the promenade and pool pavilion for sharks and stingrays. The $750M+ endeavor should be complete in 2025, barring any additional delays such as the 4-month concrete strike that ended in April. It depends on what a buyer wants to own and the level of convenience they are seeking.

Marketing 69

Marketing Buyers Construction Realtors 69

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. from July and up a mere 0.7%

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Finance Inventory Construction Buyers 68

Cornerstone

JUNE 1, 2021

Home prices are climbing because of record-low inventory levels that can’t meet the needs of today’s buyers. Buyers don’t have enough houses to choose from. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.”. percent 2025: 3.5 Can the market keep up its momentum?

Inventory 56

Inventory Buyers Sellers Investing 56

Will Springer Realtor

SEPTEMBER 7, 2021

Despite some financial shortfalls – thanks in part to the reduced usage in 2020 – the SoundTransit board voted in August to finish the NE 103rd Street light-rail station in Seattle by 2025. Construction of the Lynnwood light-rail station is about 50% complete, according to SoundTransit.

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Buyers Construction Retail Real Estate 36

Movoto

SEPTEMBER 13, 2024

Many potential buyers who missed out on low rates during the pandemic may rush back into the market, further increasing competition. Aspiring buyers should prepare financially and be ready to act quickly in this evolving market. A wave of younger buyers is poised to enter the market, which could be a big win for homebuilders.

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Real Estate Housing Market Inventory Decorating 36

Movoto

NOVEMBER 26, 2024

This episode of The MovotoMic Podcast dives into the latest housing market headlines, unpacking 2025 real estate forecasts, affordability challenges, and shifting trends driven by climate risks. Well, that is getting into a traditional buyer’s market and so like the realities of supply and demand ring true even in 2025.

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Real Estate Marketing Inventory Insurance 36

Appraisal Today

JANUARY 26, 2024

However, new construction back then really struggled, but today in light of so many sellers sitting in the existing market, builders have been thriving. I always tell buyers to buy when no one else is buying. The industry group expects rates will fall below the 6% threshold in the first quarter of 2025. Here’s the formula.

Appraisal 86

Appraisal Contracts Mortgage Inspection 86

Will Springer Realtor

AUGUST 27, 2024

Different pieces of legislation have become Washington law in recent years to help energize the construction of homes and meet the growing need for personal shelter. Owners must consider permitting and zoning policies, construction financing and landlord-tenant laws.

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Law Real Estate Development Landlords 36

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Values are so high that buyers are putting a lot of money down to lower the monthly payment as much as they can. Appraising will be different in 2025. For example, I’m appraising a Victorian built before 1910. No appraisal required on those!

Appraisal 88

Appraisal Training Inspection Real Estate 88

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

SEPTEMBER 17, 2024

Located on the grounds of the existing Bellevue Club, the project is reportedly beginning in the fall of 2025. > Construction approval is reportedly expected in early 2026. The 2 Line extension to its final western destinations of Marymoor Village and downtown Redmond should come in early 2025. unit of a B.C. and 106 th Ave.

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Development Training Transportation Property Management 36