Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

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Housing Wire

NOVEMBER 10, 2022

The number of renters who can even afford to buy a home at the national median list price of $425,000 compared to a year ago is down 15%, according to the National Association of Realtors. . Construction lending has sort of slowed to a crawl,” Peter DiCorpo, the co-founder and COO of Black Farm Group , said.

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Housing Wire

JUNE 13, 2023

As with the rest of the nation, the state of Massachusetts is looking for solutions to temper inventory shortages and high housing costs. Kathy Hochul has been pushing the state’s government to override local zoning laws and mandate more housing construction in the state’s suburban counties. Last month, Washington state Gov.

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Housing Wire

FEBRUARY 13, 2024

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said. “We

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Housing Wire

OCTOBER 25, 2024

Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training. Originators should understand that DSCR and non-QM loans allow them to differentiate themselves and strengthen Realtor relationships in today’s challenging market.

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Investors Construction Training Realtors 448

Housing Wire

OCTOBER 22, 2020

million, the National Association of Realtors said in a report on Thursday. That surge in potential buyers, however, may be met with what Yun says is historically low inventory. At the end of September, housing inventory totaled 1.47 from one year ago when inventory sat at 1.82 Compared to a year ago, sales are up 20.9%.

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Inventory Buyers Realtors Housing Market 532

Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. The available inventory of existing homes rose by 22% year over year in Q3 2034. New construction inventory has grown in recent months. Census Bureau.

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Marketing Inventory Construction Realtors 370

Housing Wire

SEPTEMBER 25, 2024

Despite all the external factors cooling down overall home sales – high interest rates, less spending power among residents, lack of inventory— real estate transactions are still hot in certain key areas. Given what is indicated in the National Association of REALTORS report on international transactions, it may not be the buyer you expect.

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Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” Like elsewhere in the country, Indiana has struggled with housing inventory. According to Altos Research, as of Feb. 23, 2024.

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Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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Construction Supply Chain Inventory Housing Market 476

Housing Wire

NOVEMBER 30, 2023

in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5%

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Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). The inventory of existing homes has been steadily increasing, despite elevated mortgage rates. At the end of March, total housing inventory sat at 1.11 Meanwhile, unsold inventory sat at a 3.2-month

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Inventory Real Estate Agent Sellers Buyers 448

Housing Wire

AUGUST 12, 2020

A new quarterly report from the National Association of Realtors revealed that median single-family home prices rose year over year in 96% of its measured markets in the second quarter. Historically low inventory continues to reinforce and even increase prices in some areas.”. lower than total inventory at the end of Q2 2019.

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Inventory Buyers Realtors Construction 525

Housing Wire

JULY 20, 2021

” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. With lumber prices recently pulling back, we expect some near-term strength in construction. million and 1.92

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Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Residential construction costs started to moderate this period.

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Mortgage Real Estate Inventory Construction 448

Housing Wire

DECEMBER 3, 2020

It’s not uncommon to hear that bids on homes are that high, according to Stacie Herrig, a Realtor with Epic Realty in Meridian, Idaho, and sometimes she can see 10 to 20 offers on a home. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. But last week, I listed a home for $1.17

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Marketing Realty Realtors Housing Market 534

Housing Wire

DECEMBER 18, 2020

According to the latest Central Texas Housing Report from the Austin Board of Realtors , the median sales price in the city of Austin rose 10.1% There is currently only one month’s worth of housing inventory in Austin. in November, bringing the average home price up to $433,493. Additionally, residential sales increased by 28.8%

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Realtors Inventory Housing Market Real Estate 476

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement.

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Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. Inventory in the city has also risen sharply, giving buyers more options and more leverage in negotiations. Despite dropping the price to $625,000 from $650,000, it sat for another 45 days with no offers.

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Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Pending home sales ticked up 1.1% in September. increase in September.

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Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

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Housing Wire

SEPTEMBER 23, 2021

Khater said that homebuyers are soaking up all available inventory, which has improved slightly, while home-price growth is also moderating. Housing demand is strong heading into the fall, despite fast-rising home prices and low inventory,” said Kan. The post Mortgage rates continue to idle at 2.88% appeared first on HousingWire.

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Mortgage Inventory Construction Technology 476

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. In the new construction sector , NAR predicts sales to increase 4.5% year over year.

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Inventory Realtors Contracts Construction 459

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. Prospective homebuyers have been shut out of the market by a lack of inventory. Compared to a month ago, housing inventory was down 11.5% In 2023, 4.09

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Inventory Realtors Housing Market Construction 468

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

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Housing Wire

MARCH 25, 2021

Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand. million, according to the National Association of Realtors. That’s a full 5% drop. Even a slight quarter turn in rates will cause many borrowers to wait out the market. month-over-month.

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Mortgage Construction Realtors Inventory 543

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. Pending home sales rose 8.3% It was the largest monthly jump in pending home sales since 2020.

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Contracts Housing Market Construction Inventory 482

Housing Wire

JANUARY 24, 2025

The December report from the National Association of Realtors (NAR) shows existing-home sales at a seasonally adjusted annual rate of 4.24 New construction has not been able to keep up with demand. The ongoing lack of inventory was reflected in NARs report. million, a 9.3% annual increase. million, down 13.5%

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Inventory Realtors Construction Housing Market 367

Housing Wire

MAY 27, 2021

As rates rise, demand wanes and builders can catch up on the few months of inventory left for hungry borrowers. If new home sales don’t grow, housing construction will slow down. The falling number of homeowners in mortgage forbearance will also bring about more inventory.”. “The

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Mortgage Inventory Housing Market Construction 488

Housing Wire

MAY 16, 2024

A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. While many metro areas currently offer an advantage where you can purchase a new construction home for a similar price or even less than the average area home, there is still a 23.8%

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Construction Law Finance Realtors 468

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. Unsold inventory sits at a 2.5-month

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Inventory Buyers Realtors Housing Market 448

Housing Wire

SEPTEMBER 22, 2021

August marked a slowdown in the purchase market, with existing home sales dropping by 2%, according to a monthly report published by the National Association of Realtors. Meanwhile, total housing inventory dried up slightly from the month prior, totaling 1.29 million in August, NAR said. . from last year’s median price of $310,400.

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Inventory Buyers Realtors Home Value 418

Housing Wire

NOVEMBER 18, 2020

Real estate agents across the country have made it clear – low inventory and low mortgage rates have kept them busy throughout the pandemic, especially in typical vacation destinations. As the Hawaii housing market continues to soar, housing inventory remains low. year over year on the big island, Hawaii.

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Housing Market Marketing Real Estate Agent Inventory 488

Housing Wire

JUNE 3, 2021

Home prices continue to accelerate while inventory remains low and new home construction cannot happen fast enough,” said Sam Khater, Freddie Mac’s chief economist. Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” said Kan.

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Mortgage Inventory Construction Realtors 370

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. The low interest rates continue to make conditions ideal for homebuyers.”.

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Housing Market Marketing Inventory Realty 468

Housing Wire

NOVEMBER 3, 2020

Data from the National Association of Realtors and U.S. COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic. Luxury home sales took off in the third quarter by 41.5%, according to a report from Redfin.

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Inventory Housing Market Construction Realtors 497

Housing Wire

AUGUST 26, 2021

” Khater added that purchase application demand is improving, but very low inventory is the major obstacle to higher home sales. While borrowers weigh the benefits of refinancing their mortgage, in the purchase market, they still face rising prices and a lack of inventory. The lack of inventory is not expected to improve soon.

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Mortgage Inventory Government Construction 493