Housing Wire

DECEMBER 2, 2020

For-sale inventory is at record lows. Construction is starting to pick up, so that should help alleviate things in the housing market. A whopping 63% of sellers are also buyers, which poses yet another concern. The post Why are sellers sitting on the housing market sidelines? But existing homes? Those are another story.

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Housing Wire

OCTOBER 22, 2024

Data from Altos Research shows that higher mortgage rates aren’t necessarily keeping sellers from listing their homes. For-sale inventory of single-family homes is up 33% from a year ago. ” Last week, following the release of construction data for September from the U.S. 18 to 6.15% on Tuesday.

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Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. 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. Wait, what?

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Housing Wire

FEBRUARY 29, 2024

Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said. The total number of homes under construction fell by 9% in 2023 while the number of permits dropped 11% year over year.

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Housing Wire

FEBRUARY 13, 2024

Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said. New construction is backed up,” she said. As of Feb.

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Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

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Appraisal Buzz

NOVEMBER 1, 2024

According to a new Redfin research, in Q3 of this year, an estimated 28% of single-family homes for sale nationwide were newly constructed, the lowest percentage in three years. The total supply of inventory of single-family homes is up 22% over the previous year. Overall construction has slowed. a year ago. Overall U.S.

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Housing Wire

MARCH 22, 2021

.” At the head of this particular snake is the COVID-19 pandemic, which forced lumber mills to close in 2020 due to health and safety concerns, thus crippling builders and construction crews with skyrocketing material prices. The result: a bottleneck with scores of would-be buyers in a low-inventory market.

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Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Like elsewhere in the country, Indiana has struggled with housing inventory. Very few new construction homes are going up in our area,” Diamond said. 23, 2024.

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Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

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Housing Wire

NOVEMBER 22, 2023

Consumers will reset their expectations, and as rates move lower, there will be both more buyers and more sellers in the market. If sellers are enticed into the market before first-time buyers get back in, we could see home prices dip early in 2024. However, the desire for homeownership is very strong.

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Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Not only can it give you a good price range to work with, but it can also make sellers more likely to choose your offer.

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Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. of responding specialists agreed. Among specialists, 32.8%

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Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. This decline, coupled with the aforementioned low inventory levels, is set to rekindle suppressed buyer demand. Will we get more inventory? The strategy has changed for buyers.

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Housing Wire

SEPTEMBER 25, 2024

Meanwhile, sellers who locked in a record-low mortgage rate of 3% or less during the pandemic have been reluctant to sell, limiting supply further and leaving fewer options for would-be buyers. In Florida, new housing inventory has not grown significantly: the number of newly listed homes stands at 43,081, an 8.8%

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Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

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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

MAY 20, 2024

Newly built homes have taken up an outsized portion of inventory since the pandemic for two main reasons, according to Redfin. home construction at the onset of the pandemic. Many potential sellers prefer to keep their low rates rather than move and trade in for higher ones. “We

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Appraisal Buzz

JUNE 25, 2024

approximately one-third (33.4%) of single-family houses listed for sale in the first quarter were recently constructed; this percentage is down from a record-high 34.5% The percentage of newly constructed homes in the market is still over twice that of pre-pandemic levels. In the U.S.,

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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. million units. year over year.

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Housing Wire

MARCH 25, 2021

“During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand.

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Housing Wire

APRIL 18, 2024

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 More inventory is always welcomed in the current environment,” Yun added. million units, up 4.7% from February and up 14.4%

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Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? According to this theory, we have more homes under construction than any time in history. months and above, the builders will pull back on construction. 267,000 homes are under construction, still. When the supply is 6.5

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Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. construction workers.

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Housing Wire

JANUARY 4, 2025

Mortgage spreads If mortgage spreads did not improve in 2024, we would have already lost some construction workers due to rising rates. Weekly housing inventory data We are heading into 2025, and historically, housing inventory tends to bottom in March and April, at least following the COVID pandemic.

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Housing Wire

DECEMBER 17, 2020

As a result of the pandemic, there has been a heightened demand for larger homes, which Kan said has driven more construction, home sales and mortgage originations. 2020 has seen a strong sellers’ market and rapid house price appreciation through most of the United States,” Kushi said. The reason? Nothing sells like a shortage.

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Housing Wire

AUGUST 14, 2024

This gave sellers the upper hand, but the market has turned in recent months. This has taken power away from sellers, who now face a shortage of potential buyers. Inventory in the city has also risen sharply, giving buyers more options and more leverage in negotiations. People still need to upsize or downsize.”

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Buyers Housing Market Marketing Sellers 410

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.”.

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Mortgage Inventory Housing Market Construction 488

Housing Wire

JULY 13, 2024

Weekly housing inventory data This week’s data was hit with the July 4th bug. So, I will not make any statements about the decline in inventory week to week, except that it’s been affected by the holiday and we should get back on trend next week. have higher inventory data than the national data.

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Housing Wire

JANUARY 10, 2022

Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . In addition, more for-sale inventory will likely be available on the market. The event is exclusively for HW+ members , and you can go here to register.

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Appraisal Buzz

JULY 12, 2024

housing inventory so tight right now, how can vacant properties play a role? Brian Cullen: Vacant properties hold the potential to provide significant relief to today’s inventory challenge. Many of these properties can be repaired and listed for sale, resulting in increased inventory, and relieving some of the current pricing pressure.

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Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

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Mortgage Inventory Real Estate Technology 518

Housing Wire

FEBRUARY 16, 2023

Last year we had monthly existing home sales collapse back to 2007 levels, except this time around, NAR has total inventory at 970,000 and not over 4 million. In an odd twist of fate, the delays due to COVID-19 are currently an infrastructure and jobs program for Americans in the construction industry. months of supply.

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Housing Wire

SEPTEMBER 26, 2023

That’s right — for all the hype of massive housing inventory coming from the builders, today we sit here still trying to work back to pre-COVID-19 levels with just 76,000 completed homes ready to be moved. This is why I have called them efficient home sellers. months, the builders will pause construction. We are at 7.8

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Appraisal Buzz

SEPTEMBER 5, 2024

The panelists also shared that they think speeding up construction permitting processes, increasing density around transit corridors, and allowing more “missing middle’-type housing are the local and state policy reforms likeliest to increase housing production. “I Many of those sellers will list if rates get back down to 5%.”

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Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. Back then, we had higher sales, higher inventory, and less price growth, but we had a massive credit bubble.

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Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. months and above, the builders will pull back on construction. It’s taking forever to build a home and that has created a huge number of homes under construction.

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