Housing Wire

MAY 14, 2024

As a result, some homebuilders have doubled down on the construction of built-to-rent (BTR) homes. The momentum is continuing as another 99,000 BTR homes are under construction in 2024, although the breakneck pace is expected to ease in 2025. Meanwhile, investors are flocking to the BTR sector.

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Housing Wire

NOVEMBER 26, 2024

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday. Virgin Islands account for higher construction costs. The ceiling rate for these areas is $1,814,625 for a one-unit property in 2025.

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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% Fannie also forecasts refi volumes to grow to $563 billion in 2025 as home prices continue to rise and mortgage rates fall.

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Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. With the labor market cooling down particularly in the private non-farm payroll data can this sector be completely ignored in 2025? We will soon find out.

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Appraisal Buzz

AUGUST 9, 2024

is expected to set new records for apartment construction. Notably, by the end of December, the combined metro areas of Dallas and Austin are predicted to welcome about 10% of all newly constructed apartments countrywide. On the other hand, some markets are seeing a slowdown in new construction starts due to the economic environment.”

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Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. It’s the ninth straight year that the limit will increase based on home-price appreciation levels, which feeds into a single, national limit for all HECM loans.

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Appraisal Buzz

DECEMBER 13, 2024

The National Association of Realtors (NAR) has announced 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets. 2025 Outlook NAR expects the Federal Reserve to maintain a gradual approach to easing monetary policy in 2025.

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Appraisal Buzz

DECEMBER 16, 2024

As the new year draws near, Fannie Mae anticipates that many of the housing trends from 2024 will persist in 2025, with the lock-in effect of mortgage rates and housing affordability continuing to be major obstacles for countless Americans. In 2025, economists predict that the average mortgage rate will continue to be higher than 6%.

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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

Appraisal Buzz

DECEMBER 2, 2024

New multifamily construction projects started in the last two years have hit the market in 2024, with a greater supply of units helping to soften rents and bring renters some relief,” said Danielle Hale, Chief Economist at Realtor.com. to more than 49 million units by fall 2025, which would be 6.7% in the South, 8.6% in the West, 5.0%

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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. average, with McAllen, Texas leading as the most affordable, with living costs 13% below The post Realtor.com Reveals its Top Housing Markets for 2025 appeared first on Appraisal Buzz.

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Appraisal Buzz

DECEMBER 11, 2024

Renters in areas where construction has boomed are in a sweet spot right now. As construction starts to slow, rents will eventually tick back up, but 2025 is shaping up as a renters market with potential for the affordability gap between buying and renting to widen. at 9.4%; and Providence, Rhode Island at 9.3%.

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Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

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Housing Wire

SEPTEMBER 4, 2024

The only viable solution to these problems, as other municipal leaders and housing industry experts have previously suggested, is the construction of more homes. More work on zoning will be performed in 2025. Like many major metropolitan areas across the country, Portland is facing a housing shortage as well as an affordability crisis.

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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 sales in 2025 (down from 5.26 trillion, while our outlook for 2025 was revised upward slightly to $2.2

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Mortgage Construction Inventory Housing Market 476

Housing Wire

SEPTEMBER 18, 2024

Slowdowns in new single-family construction over the summer reflected sagging builder confidence, but homebuilders appear to be more confident as mortgage rates have fallen over the past few weeks and as the Federal Reserve gets set to cut interest rates. monthly and 6.2% annually to a rate of 333,000 starts. month over month and 5.2%

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Housing Wire

SEPTEMBER 5, 2024

in 2025, according to a quarterly survey of housing experts conducted by government-sponsored enterprise (GSE) Fannie Mae. home-price growth is predicted to finish this year at 4.7% before slowing to 3.1% million homes,” he said. “We’ve We’ve previously estimated the shortfall to be more than 4 million.”

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Housing Wire

AUGUST 22, 2024

The implementation will occur in phases starting on March 31, 2025. The requirement guidance states that, “Effective March 31, 2025, approved insurers must hold risk-based required asset amounts in accordance with the standard non-performing loan requirements of PMIERs for any insured loans still subject to COVID-19 forbearance plans.”

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Appraisal Buzz

MAY 9, 2024

PERSON OF THE WEEK: At a time of lower-profit margins, a growing number of mortgage lenders are looking to lift their balance sheets by offering construction-to-per loans. This has led to the current boom in construction loan administration software designed to manage and simplify these complex products.

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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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Housing Wire

SEPTEMBER 5, 2024

This is why industry estimates call for a robust 2025 with $2 trillion in expected mortgage originations.” This is particularly true for new homes, as builders have shifted to a business model that’s heavy on spec construction. The availability of homes for sale has increased in markets across the country.

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Appraisal Buzz

OCTOBER 30, 2024

higher as buyers responded to slightly improved affordability in the new construction segment as well. According to Yun, in 2025 and 2026, the median price of an existing home will increase to $410,700 and $420,000, respectively. In 2025, the yearly 30-year fixed mortgage rate will drop to 5.9%, but in 2026, it will rise to 6.1%.

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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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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

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.” This should put downward pressure on mortgage rates this fall and winter and will set the stage for a much better season for homebuyers in 2025. year over year in July. The CPI rose 0.2%

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Appraisal Buzz

JUNE 21, 2024

However, if inventory expansion in Sun Belt markets, which account for a significant chunk of new sales, continues, our predictions for new home sales and construction may suffer. Further, multifamily construction is expected to remain modest in the near future due to slow rent increases in major areas and limited financing options.

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Appraisal Buzz

AUGUST 21, 2024

According to the Fannie Mae Economic and Strategic Research (ESR) Group’s August 2024 commentary , total home sales are predicted to be lower than previously predicted through the end of 2024 and then not significantly increase until later in 2025, even with the recent decline in mortgage rates. million in 2025. million in 2024 and 5.19

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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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Housing Wire

JANUARY 19, 2024

Courtesy of Fannie Mae Overall, Fannie Mae expects that the slowly normalizing existing homes market, as well as additional housing supply from the construction of new homes, will help keep further home price growth in check in 2024. trillion in 2025, up from $1.50 Home prices are now expected to rise 3.2% trillion in 2024 and $2.44

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Housing Wire

FEBRUARY 23, 2024

“With single-family permits and starts now back in alignment, we expect new single-family construction to continue to drift upward in coming months.” trillion in 2025, compared to the ESR group’s January forecast of $2.44 Fannie Mae forecasts total mortgage origination volume of $1.92 trillion in 2024, down slightly from $1.98

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Housing Market Marketing Retail Mortgage 488

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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Housing Wire

AUGUST 29, 2024

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. But when that migration stops, then the construction pace isn’t fast enough. Why outbound migration?

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Inventory Real Estate Housing Market Construction 482

Housing Wire

NOVEMBER 11, 2024

of the loan amount) compared to the VA’s purchase, construction and cash-out refi options. Looking ahead at 2025, they forecast rates to drop to 5.7%, which would spur a 70% rise in refi originations to $625 billion. The IRRRL option allows borrowers to receive funds faster through fewer eligibility requirements and less paperwork.

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Housing Wire

NOVEMBER 4, 2024

Nominations for HousingWire’s 2025 Tech100 Award are open now through December 16, 2024. “Kiavi launched a new construction financing product. As far as we know, Kiavi is now the only major, fully digitized, end-to-end platform for real estate investors to finance new construction projects.”

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Housing Wire

SEPTEMBER 21, 2023

While homebuilder sentiment is clearly impacted by the recent surge in mortgage rates , permits for single-family homes provide a positive outlook for the pace of construction in the year ahead. Officials expect fewer cuts in 2025 with the median estimate for the benchmark rate to be at 3.9%, up from 3.4%. in 2024 and 5.1%

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Housing Wire

SEPTEMBER 17, 2024

They will need to lower rates more to create a mini refinance boom , and builders are now constructing more starter homes. So, with additional rate cuts coming later this year, 2025 will see a housing market rebound in both existing and new home sales.”

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Appraisal Buzz

SEPTEMBER 13, 2024

Also in the Week Ahead Fannie Mae’s Refinance Application-Level Index (RALI) (Tuesday) MBA Weekly Applications Survey (Wednesday) HUD/Census Bureau New Residential Construction Report (Wednesday) Realtor.com Weekly Housing Market Recap (Wednesday) Senate Banking Committee Hearing: The Macroeconomic Impacts of Potential Tax Reform in 2025 (Wednesday) (..)

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