Buyers Home Value Supply Chain 
Housing Wire
NOVEMBER 7, 2024
Now, soaring premiums demand more careful review and sticker shock is prompting buyers to walk away from deals, especially in states like Florida and Texas. In California, where more than 7,000 wildfires occurred last year, the typical homeowner in many ZIP codes paid premiums as low as 0.05% of home value, according to the Times.
Housing Wire
MARCH 23, 2022
“This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 months supply. “One year ago, 31% of new home sales were priced below $300,000.
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Housing Wire
MAY 25, 2021
Phoenix saw a 20% year-over-year home price increase, followed by San Diego with a 19.1% Home price data is consistent with the hypothesis that COVID-19 has encouraged potential buyers to move from urban apartments to suburban homes,” Lazzara said. increase and Seattle with a 18.3%.
Housing Wire
JULY 25, 2022
“We calculate that over 80% of metro areas are meaningfully overvalued,” Zandi said during the Recursion webinar. “… First-time homebuyers are locked out because they just simply can’t afford to buy … and trade-up buyers are locked in [with interest rates well below current market levels]. “So, Inventories are rising across the country.
Housing Wire
DECEMBER 5, 2022
It boxed out many first-time homebuyers who found themselves unable to compete against buyers willing to place a non-contingent offer above full price. Supply chain shortages, many of which remain still today, meant that everything from new cars to basic random length lumber costs skyrocketed.
Housing Wire
JULY 25, 2023
With material and labor shortages, and supply chain issues it is taking a year-and-a-half to two years to complete a property. One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago.
DW Slater Company
FEBRUARY 23, 2023
The demand for housing decreased with the higher mortgage rates as it decreased buyer power. No longer are homes selling above list price (see Percent of Orignal Price chart below ) In fact they are selling at a more reasonable 5% below list price. There are still enough buyers out there looking to buy what is available.
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