Housing Wire

MAY 12, 2023

The company failed to adjust to a landscape of high mortgage rates, low inventory levels and fierce competition. The buyer inherited a lender that produced $891 million in mortgage loans in Q1, compared to $1.7 The buyer will also assume $500 million in Home Point’s senior notes due in February 2026.

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Housing Wire

NOVEMBER 11, 2024

Inventory, new listings, sales, and prices all dipped this week. Given the confluence of trends right now, I do expect inventory and new listings to rebound again before the end of the month. Inventory growing Rising interest rates create rising inventory. to 8% and inventory spiked.

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Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Buyers want to know that they will be able to get a low mortgage rate when they lock in a rate. in 2024, followed by 5.5%

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Housing Wire

NOVEMBER 22, 2024

“The sheer amount of additional supply on the market has really given buyers more of a leg up,” she said. “I That’s a factor too of higher inventory.” JBREC is not forecasting meaningful rent growth until 2026 and beyond, which will make it harder for new project developments to pencil.”

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Housing Wire

APRIL 27, 2022

I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”. The loan profile of buyers during the post-2010 expansion is excellent, so when the next job loss recession happens, we won’t lose as many homeowners (compared to what occurred after the Great Recession).

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Appraisal Buzz

SEPTEMBER 18, 2024

The Fed now predicts that inflation will not come down to their 2% target until sometime in 2026. Put another way, a buyer who budgeted to buy the typical home in 2023 now has an extra $70,000 in home purchasing power for the same monthly cost, and the boost is even greater in some markets such as those in California.” in June 2022.

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Appraisal Buzz

DECEMBER 16, 2024

According to their baseline forecast, core inflation will continue to decline and economic growth and employment increases will slow slightly in the upcoming year, but it wont achieve the Feds target until 2026. A divergent home price story is currently being driven by regional differences in for-sale inventory.

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Appraisal Today

NOVEMBER 1, 2024

Conversely, in high-end homes, buyers expect the latest designs, features and finishes; and therefore, an outdated kitchen may be considered as functional obsolescence. Mandate: November 2, 2026 UAD 2.6 Early 2026 New UAD in full production. Mandate: November 2, 2026 All lenders must use UAD 3.6 percent the previous week.

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Will Springer Realtor

JANUARY 9, 2024

Perhaps too late in the year to make a difference to many, at least the Fed’s upbeat forecast offers renewed hope for the pent-up pool of prospective buyers – possibly sellers, too – to seek out a new home in the coming 12 months. Inventory fell in terms of months of supply across the county. months’ inventory was available as of Jan.

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Movoto

NOVEMBER 26, 2024

Featuring insights from real estate veteran Jerimiah Taylor, we explore the evolving dynamics of home prices, mortgage rates, and the role of Baby Boomers in inventory trends. And so you had a lot of inventory growth. And so it’s all comes down to to, to supply and demand and inventory.

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Will Springer Realtor

SEPTEMBER 17, 2024

Construction approval is reportedly expected in early 2026. The project should begin in spring 2026. > However, it is safe to expect rents will initially decline as inventory blossoms. The rail link will also extend to south King County, with three new stations planned for the Federal Way area around 2026.

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Appraisal Today

FEBRUARY 2, 2024

To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. For residential appraisers, it remains imperative to remember that even as the market shows initial signs of correcting, inventory still sits at extremely supply-constrained levels from a historical context.

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Will Springer Realtor

OCTOBER 8, 2021

I also heard the same question from buyers this year. While early to mid-spring was frenzied – featuring waves of cash-carrying buyers with their contingency-absent offers – the housing environment settled down to a somewhat civilized pace by September and likely for the next few months. Estimated opening is 2026.

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Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), What does it mean to buyers? The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. BY THE NUMBERS. >>

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Will Springer Realtor

JUNE 8, 2022

The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. As home prices surge and people delay – or forgo – nuptials, buyers are pooling their finances with unmarried partners, roommates or friends to purchase a place. was $1889. >>

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Design Construction Development Property Taxes 36

Housing Wire

NOVEMBER 11, 2024

Price expectations gap According to DellaPelle, real estate buyers and sellers are in a standoff when it comes to asset prices. “I I think the expectations that I have as a seller are probably different than the buyer, but the game there is smaller.” Inventory is diminished because there are fewer people selling than there used to be.

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Housing Wire

NOVEMBER 22, 2024

This could be a huge win-win-win (country, seller, buyer). And increased inventory at lower price points promotes a balanced market with price stability for the buyer. Well-conditioned inventory hitting the market will serve a greater immediate need. This would be a temporary solution, from Q2 2025 to Q4 2026.

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Appraisal Today

NOVEMBER 22, 2024

Newz: New URAR Training, “Death Stairs”, Catastrophe and Climate Risk November 22, 2024 What’s in This Newsletter (In Order, Scroll Down) LIA Buyer says value too high The Rise of the ‘Death Stairs’! The pickup in purchase applications was driven by conventional and FHA loans, with FHA purchase applications seeing a 7 percent increase.

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Appraisal Buzz

OCTOBER 30, 2024

“Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” says Lawrence Yun, chief economist for NAR, in a statement. million in 2025 and more than 5 million in 2026,” Yun says. in 2025 but then move higher to 6.1%

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Will Springer Realtor

DECEMBER 17, 2024

We just completed a year marked by great challenges for first-time home buyers and those with fading wishes. This year saw sharply expanding inventory, up 29% year-on-year nationally (through October; latest data) and 26% YoY across King County (November 2023-November 2024). boost in sales activity next year in King alone.

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