Housing Wire

FEBRUARY 23, 2024

housing market. And according to Freddie Mac ‘s Primary Mortgage Market Survey, the average rate inched closer to 7% this week. Fannie Mae, however, remains optimistic that housing market activity will pick up as existing home sales and new single-family housing starts are expected to grow modestly in 2024.

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Appraisal Buzz

NOVEMBER 26, 2024

Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability.

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Real Estate Insurance Tenants Housing Market 367

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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Inventory Housing Market Construction Mortgage 468

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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Inventory Bracketing Buyers Housing Market 370

Housing Wire

DECEMBER 18, 2024

They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. 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.

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Construction Modernization Mortgage Housing Market 511

Housing Wire

JANUARY 2, 2025

My forecast for 2025 includes these projected ranges for mortgage rates and the 10-year yield. The existing home sales market has been in a recession since June 16, 2022 , and hasnt experienced any significant growth in sales for some time. In contrast, housing construction plays a more pivotal role in economic cycles.

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Mortgage Construction Housing Market Marketing 505

Housing Wire

JANUARY 7, 2025

housing market. For mortgage rates to go lower, we need to focus on the labor market, which has been critical to every economic cycle in recent history, and particularly the labor market for residential construction and remodeling, Mohtashami wrote. That was up 2 basis points (bps) from a week ago.

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Housing Market Mortgage Marketing Inventory 429

Housing Wire

JANUARY 10, 2025

The construction sector showed little month-over-month change, adding just 8,000 jobs. Residential building construction added 3,500 jobs from November, while residential specialty trade contractors added just 500 positions. The Fed has indicated that inflation is expected to remain a concern in 2025.

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Construction Housing Market Retail Real Estate 397

Housing Wire

JANUARY 16, 2025

His statement on this, in a CNBC interview : If inflation continues on this path through the beginning of 2025, it’s reasonable to think that possibly rate cuts could happen in the first half of the year.” Some others have thought all the rate cuts were off the table for 2025. It’s not falling.” ” message.

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Mortgage Construction Marketing Government 493

Housing Wire

JANUARY 26, 2024

The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand.”

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Contracts Housing Market Construction Inventory 482

Housing Wire

JANUARY 9, 2025

This week, the Seattle City Council had its first meeting of 2025 and housing was a key topic of discussion. Bruce Harrell Last year, Harrell introduced a bold plan that would aim to double the citys zoning capacity, which City Hall said could lead to the construction of 80,000 additional homes by 2044. In 2023, Washington Gov.

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Construction Law Design Development 448

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. Rounding out the top 10 markets are Miami-Fort Lauderdale-Pompano Beach, Fla.; Colorado Springs, Colo. Virginia Beach-Norfolk-Newport News, Va.-N.C.;

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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. million in 2025, which is an estimated 4.8% more than the 4.06 lower than in 2019.

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Inventory Construction Housing Market Mortgage 284

Appraisal Buzz

JANUARY 10, 2025

It looks like 2025 could be almost as bleak as 2024 for the housing market, according to a report from First American. Based on the average annual pace of sales from 2022 through 2024, the housing market is cumulatively approximately 3 million sales short of the pre-pandemic normal.

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Inventory Housing Market Construction Mortgage 195

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market.

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Buyers Marketing Mortgage Real Estate Agent 493

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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Tools Law Government Construction 476

Housing Wire

JANUARY 4, 2025

Weekly pending sales The latest weekly pending contract data from Altos Research offers critical insights into real-time trends in housing demand. For some time now, its been showing positive growth versus both 2022 and 2023 data, and, in the first few days of 2025, versus 2024 data as well.

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New Listings Inventory Contracts Mortgage 508

Housing Wire

SEPTEMBER 18, 2024

In contract, single-family housing starts were up 15.8% 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%

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Marketing Construction Development Housing Market 488

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while.“ Data from the U.S. Census Bureau and the U.S.

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Appraisal Buzz

SEPTEMBER 5, 2024

Our panelists overwhelmingly agreed that there is a fundamental lack of housing in the United States relative to underlying demographic factors–and, on average, believe the nation to be short approximately 2.8 Jeremy Sicklick, Co-Founder and CEO of HouseCanary , commented: “The past couple of years have seen a housing shortage nationwide.

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Construction Inventory Housing Market Contracts 459

Housing Wire

NOVEMBER 1, 2024

“This continues a theme we have seen in recent months, where the labor market is not seeing large layoffs but instead an ongoing reduction in job openings and a reluctance by employers to add workers,” Fratantoni said. Construction was another sector that posted gains in October, adding 8,000 jobs.

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Construction Housing Market Real Estate Mortgage 370

Appraisal Buzz

JANUARY 8, 2025

According to new Zillow research, Buffalo, New York, is projected to be the hottest major housing market in 2025. This is the first time a market has held the title for consecutive years. Construction that keeps pace with an areas growth remains a crucial piece of keeping homes available and accessible.

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Buyers Sellers Home Value Construction 370

Housing Wire

SEPTEMBER 4, 2024

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

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Construction Development Law Finance 448

Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Single-family housing starts in September improved for the second consecutive month, as builder sentiment has improved. Census Bureau and the U.S. below the revised August estimate of 1,361,000, 0.7%

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Construction Housing Market Inventory Home Value 418

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

AUGUST 29, 2024

For housing market watchers who are expecting home prices to decline, they’re looking for areas where supply and demand grow significantly imbalanced. The “normal” Chicago housing market assumes a certain outbound flow. The Dallas housing market assumes a normal inbound flow. Why outbound migration?

Inventory 482

Inventory Real Estate Housing Market Construction 482

Appraisal Buzz

OCTOBER 30, 2024

Pending house sales are a good indicator of market conditions and typically follow existing home sales by one to two months. According to the Realtor.com and WSJ Housing Market Ranking, homebuyers have focused on mid-sized, reasonably priced regions in the Midwest and Northeast, even if housing prices are still high.

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Contracts Buyers Inventory Mortgage 418

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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Construction Design Government Real Estate 459

Appraisal Buzz

JANUARY 2, 2025

Home price appreciation seems to be settling into a more comfortable pace, just as inventory levels pick up going into 2025: welcome news for prospective buyers who continue to face the headwinds of high mortgage rates. Our forecasts suggest that markets in Florida are at most risk of price declines in 2025. last month).

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Inventory Buyers Home Value Housing Market 355

Housing Wire

APRIL 11, 2022

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. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. million to 1.93

Inventory 514

Inventory Housing Market Marketing Modernization 514

Housing Wire

JANUARY 10, 2025

The key data line for me in this part of the economic cycle is residential construction jobs , and while that data is not growing much anymore, its not declining, as we can see below. For 2025, the Fed’s unemployment rate forecast is 4.3%. Today’s mortgage pricing is 7.24% and the 10 year yield is at 4.76%.

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Mortgage Construction Government Retail 488

Housing Wire

SEPTEMBER 17, 2024

The recent decline in mortgage rates is contributing to the momentum toward normalization and unleashing the housing market potential in the next few years,“ CoreLogic chief economist Selma Hepp said. They will need to lower rates more to create a mini refinance boom , and builders are now constructing more starter homes.

Mortgage 459

Mortgage Housing Market Construction Tools 459

Housing Wire

JANUARY 19, 2024

The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024.

Mortgage 541

Mortgage Contracts Construction Government 541

Appraisal Buzz

SEPTEMBER 13, 2024

However, some housing advocates fear that these initiatives will redirect resources away from lower-income households with the greatest need. housing markets, demographics, and housing policy. A Senior Research Associate, Hermann focuses his work on projects related to U.S.

Housing Market 365

Housing Market Construction Government Marketing 365

Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. in 2024 and 5.1% Fed officials expect interest rates to be at 5.1%

Real Estate 448

Real Estate Mortgage Buyers Inventory 448

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.” In the medium-run, we expect the economy to land softly and housing inventory to continue to recover,” Realtor.com senior economist Ralph McLaughlin said in a statement.

Inventory 459

Inventory Construction Mortgage Buyers 459

Housing Wire

MARCH 29, 2022

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. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. million to 1.93

Inventory 435

Inventory Housing Market Marketing Modernization 435