Appraisal Buzz

JANUARY 27, 2025

New construction has struggled to keep up with demand. Rising construction costs, zoning restrictions, and a shortage of labor have all contributed to the inability to build enough homes. There are two main reasons the new home market was stronger in 2024, added Bright MLS Chief Economist Lisa Sturtevant.

Construction 362

Construction Inventory Buyers Development 362

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.

Real Estate 367

Real Estate Tenants Insurance Construction 367

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. The key points of this report indicate that the Federal Reserve has overlooked the housing market for years. We will soon find out. percent (10.6 percent (11.7

Construction 509

Construction Modernization Mortgage Housing Market 509

Appraisal Buzz

FEBRUARY 3, 2025

The number of office-to-apartment (O-to-A) conversions is on the rise, and by 2025, there will be about 71,000 units planned, breaking new records. Only 3,709 of the 55,339 office-to-apartments that were in some stage of development in January of last year were finished by December, meaning that 51,630 units remained unfinished until 2025.

Renovations 345

Renovations Construction Modernization Inventory 345

Housing Wire

JANUARY 16, 2025

The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. It’s not booming. It’s not falling.”

Mortgage 511

Mortgage Construction Marketing Government 511

Appraisal Buzz

JANUARY 9, 2025

Were kicking off 2025 in a renters market, with many renters finding that apartments cost less than a year agoespecially in the Sun Belt, said Redfin Senior Economist Sheharyar Bokhari. While asking rents declined in 2024, they may not have much further to fall this year given that apartment construction has begun to slow.

Construction 397

Construction Appraisal Marketing 397

Housing Wire

FEBRUARY 7, 2025

The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. Again, the theme holds: the labor market is getting softer but not breaking.

Marketing 435

Marketing Mortgage Government Retail 435

Housing Wire

JANUARY 27, 2025

Todays new home sales report beat market expectations, just like last weeks existing home sales report. Additionally, there are 268,000 homes currently under construction. Furthermore, there remains a record high of 108,000 homes that builders have not yet started constructing, all while mortgage rates remain above 7%.

Construction 474

Construction Inventory Mortgage Development 474

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. It reflects another pressing issue of imbalanced supply and demand in the housing market.

Mortgage 301

Mortgage Training Construction Investors 301

Housing Wire

FEBRUARY 17, 2025

A majority of agents believe 2025 is going to be a great year for the housing market. Around 85% have an optimistic outlook , and 70% believe the market will be more stable, according to a new survey from Clever Real Estate. Structuring meetings like this can make them much more constructive.

Agents 342

Agents Real Estate Agent Real Estate Sellers 342

Housing Wire

JANUARY 30, 2025

Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025. Tom Davis: When you’re working with a professional and you want expertise, you’re going to want to work with someone who is the expert in your market. A lot of folks were expecting a decline in 2025.

Construction 291

Construction Marketing Investors Renovations 291

Housing Wire

JANUARY 10, 2025

While the unemployment rate was up compared to the start of the year, the job market ended the year up, with 256,000 jobs added to the economy in December according to data released Friday by the U.S. The construction sector showed little month-over-month change, adding just 8,000 jobs. Bureau of Labor Statistics (BLS).

Construction 395

Construction Housing Market Retail Real Estate 395

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.

Construction 446

Construction Law Design Development 446

Appraisal Buzz

DECEMBER 2, 2024

Realtor.com notes that new rental properties coming onto the market are expected to put continued downward pressure on rents next year. While we expect fewer multifamily homes to be finished in 2025, we still anticipate enough to increase supply, which will keep downward pressure on rents.” in the South, 8.6% in the West, 5.0%

Advertising 396

Advertising Construction Marketing Appraisal 396

Housing Wire

FEBRUARY 4, 2025

They explore forecasts for the 2025 housing market, key macroeconomic trends to monitor, solutions to the housing affordability crisis and more. To start the conversation, Divounguy dives into the past two years of economic developments and how they impact today’s housing market. But we’ll remain above 6% in 2025.

Housing Market 364

Housing Market New Listings Mortgage Construction 364

Housing Wire

DECEMBER 18, 2024

The company has an aggressive marketing goal to reach the No. Citis previous use of the URL was to redirect to learning center content within the home lending pages on the Citi domain, according to Head of Mortgage Marketing at Citi, Chip Burgard. Market share and brand authority Why launch this site now?

Marketing 415

Marketing Lending Retail Mortgage 415

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.

Inventory 195

Inventory Housing Market Construction Mortgage 195

Appraisal Buzz

DECEMBER 11, 2024

While the rental market has remained essentially flat over the past two years, rents have started to tick down slightly in recent months, thanks in part to the record number of new apartments that have been completed this year. Renters in areas where construction has boomed are in a sweet spot right now. since November 2021.

Construction 386

Construction Appraisal Marketing 386

Housing Wire

JANUARY 24, 2025

Existing home sales finished 2024 on a high note after a dismal year for the housing market. New construction has not been able to keep up with demand. million sales in 2024 shouldnt be too hard to beat in 2025, but market forecasts from economists in the housing sector arent terribly bullish. million, a 9.3%

Inventory 357

Inventory Realtors Construction Housing Market 357

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.

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

MAY 14, 2024

Housing affordability has plummeted to its lowest level since the 1980s, keeping many Americans in the rental market. As a result, some homebuilders have doubled down on the construction of built-to-rent (BTR) homes. Meanwhile, investors are flocking to the BTR sector.

Construction 475

Construction Tenants Development Real Estate 475

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.

Construction 370

Construction Housing Market Real Estate Mortgage 370

Housing Wire

JANUARY 16, 2025

of new construction homes required buyers to pay HOA dues, compared to only 38.2% Realtor.com noted that “as homes in communities built more recently are resold, their HOA memberships are transferred to the next buyers, expanding the reach of HOAs in the existing-home market.” of existing homes. from 2023. .

HOA 396

HOA Property Taxes Construction Buyers 396

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.

Buyers 370

Buyers Sellers Home Value Construction 370

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.

Construction 418

Construction Housing Market Inventory Home Value 418

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.

Inventory 468

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. All areas offer a favorable financing environmenteither with lower proportions of locked-in homeowners or lower mortgage rates.

Inventory 370

Inventory Bracketing Buyers Housing Market 370

Housing Wire

JANUARY 28, 2025

Dunmor CEO Franck Ruimy spoke with HousingWire ‘s Sarah Wolak on why he anticipates 2025 will be a strong sales year, and he highlighted the recent growth for the business-purpose lending (BPL) sector. Wolak: Do you see any of this changing in 2025? We still see a more modest advance for new single-family home construction.

Lending 350

Lending Investing Finance Investors 350

Housing Wire

MARCH 10, 2025

In a preview of the company’s 2025 Housing Supply Gap report, Realtor.com chief economist Danielle Hale shed light on the current pulse of housing vacancies. This was driven by an increase in both single-family and multifamily construction. More than a decade of underbuilding has left the U.S. But as Hale pointed out, the U.S.

Construction 281

Construction Inventory Housing Market Marketing 281

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).

Inventory 359

Inventory Buyers Home Value Housing Market 359

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. For the third consecutive year, the U.S. This is according to a new study from RentCaf e.

Construction 397

Construction Development Business Marketing 397

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. Regular adjustment of loan limits ensures that FHA financing continues to be available in all markets to all those who rely on our programs to access homeownership.”

Finance 370

Finance Law Construction Government 370

Appraisal Buzz

FEBRUARY 24, 2025

Real estate appraising is a complex practice that requires a diverse range of skills and knowledge, from understanding current market conditions to understanding and interpreting complex legal and financial documents. However, becoming a successful real estate appraiser requires more than mere market knowledge.

Real Estate 335

Real Estate Development Appraisal Legal 335

GoForrmz

JANUARY 16, 2025

Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 trillion in 2021, many construction businesses still struggle with outdated, paper-based processes that slow productivity and create compliance risks.

Tools 78

Tools Construction Business Project Management 78

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%

Marketing 488

Marketing Construction Development Housing Market 488

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.

Buyers 493

Buyers Marketing Mortgage Real Estate Agent 493

Housing Wire

JANUARY 14, 2025

While ground-up construction of new units by national homebuilders is part of the solution, these builders generally dont address the aging current housing stock, or the need to create additional density and living space in infill areas where each property may have different attributes. million homes and growing.

Marketing 397

Marketing Renovations Investors Transportation 397