Housing Wire

DECEMBER 14, 2024

Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand. Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024.

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Mortgage Inventory New Listings Contracts 406

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.

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Construction Appraisal Contracts Mortgage 71

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. The Federal Reserve is expected to cut interest rates for the first time in four years today—either by 25 or 50 basis points—and continue through 2025.

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New Listings Buyers Housing Market Real Estate Agent 195

Appraisal Today

NOVEMBER 1, 2024

The ranch dates to the late 1800s, and its multiple properties include a 4,980-square-foot lakefront home with a waterside cabana, an under-construction 7,713-square-foot architect-designed residence and a number of cabins. When business picks up, hopefully in early 2025, you need to start thinking about which AMCs you want to work for.

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Appraisal Training Contracts Mortgage 83

Will Springer Realtor

OCTOBER 15, 2024

Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. Meantime, the number of contract listings – known as Pending sales – rose 6.1% We expect home sales to remain muted in 2024 and 2025.” Plus, rates have drifted higher in recent weeks. The broad U.S.

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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. Current listings and especially homes in contract show current market conditions. The problem with listings and homes in contract is that they are not closed sales. Jan 8, 2024.

Appraisal 85

Appraisal Contracts Mortgage Inspection 85

Will Springer Realtor

FEBRUARY 13, 2024

We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. This will skew figures, particularly in Seattle where more ADUs are under construction than traditional single-family residences. in Q1 2025 (6.3%) 5.6%

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New Listings Buyers Inventory Lending 54

Appraisal Today

SEPTEMBER 22, 2023

Appraising will be different in 2025. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.31 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) increased to 7.32 percent from 7.27

Appraisal 87

Appraisal Training Inspection Real Estate 87

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Many economists believe a recession isn’t likely in the last months of this year but they aren’t ruling out a downturn in 2024 and 2025.

Finance 68

Finance Inventory Construction Buyers 68

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

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. recession to begin in 2023, which gathered more votes than 2022 (30%), 2024 (8%) or 2025 and beyond (17%). The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.30

Appraisal 52

Appraisal Contracts Business Mortgage 52

Will Springer Realtor

DECEMBER 13, 2022

Contributing to improving the mood should be the anticipated 900,000 or so two-unit-plus housing under construction across our country that will start to come online in 2023. In his estimate: “Homebuilding’s going to contract.”. Locally, permits for single- and multi-family home construction are down about 20% from this time last year.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

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HOA Transportation Construction Buyers 36

Appraisal Today

MAY 24, 2024

Finally, the vendor’s use of the photos is limited by contract, with stiff penalties for violation. trillion in 2025 ($2.26 Construction began on the 4,074-square-foot house in 2015, and finished two years later. HGTV featured the residence during its construction, on the first season of “Container Homes.”

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Appraisal Contracts Mortgage Reconsideration of Value 81

Housing Wire

NOVEMBER 16, 2024

Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. So, this week, I want to see how the builders feel about higher mortgage rates because, according to my economic models, when residential construction workers start losing their jobs, the recession isn’t far away.

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Mortgage Inventory New Listings Housing Market 476

Housing Wire

NOVEMBER 25, 2024

On this week’s episode of the RealTrending podcast , host Tracey Velt sits down with HousingWire Lead Analyst Logan Mohtashami to discuss his 2025 housing market forecast , interest rates, the potential impacts of Donald Trump’s tariffs and the possibility of a trade war. What do you predict for 2025? You need more housing.

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Housing Market Mortgage Contracts Agents 304

Housing Wire

NOVEMBER 25, 2024

Their conversation dives into new trade policies, tariffs, constructions costs, labor and more. We’re about three years into a recessionary, contracting environment. Now, people are calling, writing contracts and making offers. Next, Owen and Coleman discuss home affordability and construction cost concerns.

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Loan Officers Contracts Construction Housing Market 284

Appraisal Today

DECEMBER 13, 2024

If these initiatives return in his second term, they could have a big impact on everything from mortgage rates to new home construction, according to the new forecast. across 2025, and end the year at 6.2%. I have been forecasting lower rates in 2025. We are all waiting for rates to drop in 2025. percent from 6.69

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Appraisal Contracts Real Estate Mortgage 78

Appraisal Today

NOVEMBER 16, 2024

To read all 10 Q&As, Click Here My comments: Of course, for custom home construction the Cost Approach is required to determine the feasibility of construction before building the home. However, the very fact that appraisals have been mentioned in Project 2025 shows there is some cognizance and desire to seek changes.

Appraisal 79

Appraisal Valuation Contracts Mortgage 79

Will Springer Realtor

SEPTEMBER 11, 2024

The council noted the matter will be considered for the February 2025 ballot. Homes under contract (also known as Pending listings) fell 6.0% (1790) from July to August in King, though they are up 3.2% In that span, roughly 33,000 additional multi-family homes were constructed in the city – for rent. stronger YoY.

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Real Estate Modernization Government Construction 36