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

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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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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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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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

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

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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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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 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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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.

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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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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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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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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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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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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?

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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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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

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.

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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

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Inventory Housing Market Marketing Modernization 514

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.

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Mortgage Housing Market Construction Tools 459

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.

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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%

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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.

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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

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. population.

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Housing Wire

DECEMBER 14, 2024

Mortgage spreads I cannot emphasize enough how positive this year’s mortgage spreads have been for the housing market and the general economy. There is widespread expectation for a 0.25% rate cut, but many also anticipate that the Fed will be cautious for 2025 unless the economic data suggests a need to speed up.

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Mortgage Inventory New Listings Contracts 396

Housing Wire

JUNE 7, 2024

Here is a breakdown of the jobs created this month: As always, one of the labor sectors I watch for a recession is residential construction workers, who tend to lose their jobs before the recession. This is something to consider for the rest of this year and 2025. So far, that hasn’t happened yet.

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Mortgage Marketing Construction Government 504

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.” below 4%) and today’s current market rates has created a so-called “lock-in effect.” That shortage is estimated to range from 1.5

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Appraisal Buzz

NOVEMBER 14, 2024

Stowell currently sits on the Board of Directors at Toll Brothers, Pacific Mutual Holding Company, and HomeAid America, a non-profit organization whose mission is to help people experiencing or at risk of homelessness build new lives through construction, community engagement, and education. housing market.”

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Housing Wire

MAY 5, 2021

“Kavison Homes is excited about this unique opportunity to be the first new construction in the John S Park area in 35-plus years,” said Stratton. In response to the hot housing market , April of 2020 saw a 10.6% growth in single-family homes in the city of Mesquite.

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Modernization Realty Real Estate Housing Market 267

Housing Wire

DECEMBER 6, 2024

Graphics and statistics NAR.com Detailed market insights, research, and statistics from the real estate industry, legal news, marketing tips, and tools. RealTrends.com Housing market data by city and state, agent news, and advice. Share these with your database on rotation throughout the year.

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Real Estate Clients Tools Sellers 397

Appraisal Buzz

OCTOBER 11, 2024

That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. 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.

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New Listings Buyers Housing Market Real Estate Agent 195

D Fritz Appraisals

JULY 4, 2024

The BC housing crisis is top of mind for anyone struggling to enter the housing market, find a rental, or hold onto their current home during these difficult economic times. Home prices, rental rates, and property taxes continue to rise, and with those skyrocketing costs comes housing insecurity.

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Construction Government Appraisal Transportation 111

Will Springer Realtor

OCTOBER 15, 2024

Yes, there are signs of greater real estate activity in Seattle/King County since the Fed trimmed its short-term rate by a half-percent, but Americans are not swarming the market in a purchasing frenzy. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. The broad U.S.

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Housing Market Marketing Construction Buyers 68

Housing Wire

NOVEMBER 14, 2024

I could not get the granularity and flexibility within constructing the margins; the analytics were horrific and not in real time. What do you see for 2025? AC: On the housing market , my guess is that it’s going to be better than 2024 but maybe not as good as everyone thought just a few months ago.

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