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. New construction is backed up,” she said. Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market.

Construction 435

Construction Supply Chain Inventory Agents 435

Housing Wire

JANUARY 4, 2023

In addition to offering borrowers FHA loans, conventional purchase mortgages and refis, the lender specializes in retail channel construction loans, according to the firm. “We We have a one-time close construction-to-permanent loan, and we are the largest seller of that product to the agencies.

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Retail Mortgage Construction Loan Officers 508

Sacramento Appraisal Blog

MARCH 28, 2023

Sellers are hibernating. It’s been striking to see sellers sitting back so far in 2023, and it’s really starting to create more competition for buyers. Let’s talk about it. Scroll by topic or digest slowly.

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Sellers Housing Market Marketing Real Estate 255

Housing Wire

AUGUST 2, 2024

Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry. Overall, for the past year, the construction sector has added an average of 19,000 jobs per month.

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Marketing Mortgage Construction Transportation 493

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. Census reports that in September 2024, sales of newly constructed single-family houses increased 6.3% Overall construction has slowed. a year ago.

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Construction Inventory Real Estate Agent Agents 370

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. But even when things are cooling down, sellers, agents and lenders shouldn’t count out international investors. homebuying process.

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Investors Construction Real Estate Inventory 448

Housing Wire

FEBRUARY 4, 2021

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. Having a great real estate agent can give you the upper hand in a seller’s market. Consider buying when it’s not a seller’s housing market. Pull out all the stops to impress sellers.

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Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Inventory Housing Market Marketing Construction 448

Housing Wire

MAY 16, 2024

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It can also help agents clearly communicate their unique value and services to homebuyers, sellers and others.

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Real Estate Agent Real Estate Brokerage Sellers 464

Housing Wire

MAY 25, 2022

A new generation of digitally native homebuyers and sellers are expecting online experiences , in every type of transaction, and more convenient and seamless ways to find, tour, purchase, and sell homes on their own terms. Innovation is not just on the construction side — it also can be adopted on the sales side.

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Construction Real Estate Buyers Sellers 482

Housing Wire

AUGUST 11, 2020

“We’ve had a significant amount of seller interest to widen our Orlando coverage area for quite some time,” Vaughn Stewart, Offerpad’s Orlando market director, said in a statement. Lucie, Sebastian, Stuart and Vero Beach. “Port St.

Real Estate 417

Real Estate Sellers Construction Marketing 417

Housing Wire

OCTOBER 4, 2024

Most of the job gains in September occurred in food services and drinking places (+69,000 jobs), health care (+45,000 jobs), government (+31,000 jobs), social assistance (+27,000 jobs), and construction (+25,000 jobs). Over the past 12 months the construction sector has averaged a gain of 19,000 jobs per month.

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Construction Housing Market Government Real Estate 476

Housing Wire

MARCH 7, 2025

“Looking at markets by hotness tells us the strength of demand versus supply in each area relative to others and which markets heavily favor sellers.” High mortgage rates, which remain in the upper-6% range, have also kept many potential buyers and sellers on the sidelines. We just don’t have a way at the local level.

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Housing Market Marketing Inventory Construction 337

Housing Wire

OCTOBER 10, 2024

The Renovation Sells platform focuses on design and construction, while the loans come from HouseAmp. HouseAmp can secure financing of up to $400,000, and the company boasts that it can keep home sellers out of the process of securing a home equity line of credit.

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Renovations Design Sellers Finance 435

Housing Wire

SEPTEMBER 9, 2024

This likely reflects in part the wide geographic variation in new home construction activity,” Palim said. “In In the regions that had a stronger construction response following the pandemic, our latest survey data suggest that sellers may be losing some of their negotiating power due to the increased supply.“

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Mortgage Construction Development Housing Market 468

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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Construction Housing Market Inventory Sellers 521

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. In addition, a sizable amount of the inventory is new construction, and builders are able to offer better financing terms for buyers with their in-house mortgage businesses.

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Buyers Housing Market Marketing Sellers 468

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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Inventory Supply Chain Construction Buyers 468

Housing Wire

MAY 20, 2024

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. Many potential sellers prefer to keep their low rates rather than move and trade in for higher ones. “We First, a spike in homebuying demand drove the surge in U.S.

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Construction Inventory Buyers Sellers 468

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.

Mortgage 543

Mortgage Construction Realtors Inventory 543

Housing Wire

SEPTEMBER 26, 2023

Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months.

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Inventory Buyers Construction Sellers 511

Housing Wire

FEBRUARY 16, 2023

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. As you can see below, housing completions are slowly moving along; the homebuilders have more new homes under construction that they haven’t even started yet than active new homes for sale.

Construction 526

Construction Housing Market Inventory Mortgage 526

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.,

Construction 396

Construction Inventory Buyers Sellers 396

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 post How much cash matters in a bidding war appeared first on HousingWire.

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Inspection Inventory Buyers Sellers 545

Housing Wire

SEPTEMBER 28, 2022

They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. The builders will pull back on construction when the supply is 6.5 months are under construction, 1.86 months and below, this is an excellent market for the builders. When supply is 4.4 months and above.

Construction 505

Construction Sellers Inventory Housing Market 505

Housing Wire

APRIL 20, 2021

Most sellers, if given the choice, would seldom choose a lengthy construction financing process to a cash offer on a dilapidated house. Snover said that few real estate agents suggest that buyers purchase a home with a renovation loan, sometimes because they are unfamiliar with the process — which has its complexities.

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Renovations Real Estate Agent Construction Buyers 468

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. . With more supply from new construction and existing owners relocating, new and existing home sales are expected to rise about 1% to 7 million sales, the largest number since 2006.

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Housing Market Marketing Construction Inventory 545

Housing Wire

FEBRUARY 5, 2024

Additionally, the competition from existing home sellers was somewhat absent. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record. An estimated 668,000 new homes were sold in 2023, 4.2% Census Bureau and the U.S.

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Construction Housing Market Buyers Sellers 468

Housing Wire

MARCH 4, 2024

New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. This surge in new construction activity sparked a wave of consolidation within the industry, with public and private homebuilders engaging in 12 merger and acquisition (M&A) deals throughout the year.

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Construction Inventory Sellers Buyers 445

Housing Wire

JANUARY 3, 2023

Falling home sales and construction have hurt broader economic activity.”. Pending-home sales in November reflect a freeze in the housing market, as buyers remain on the sideline and sellers are staying put,” Odeta Kushi, First American’s deputy chief economist, said in a statement.

Contracts 511

Contracts Housing Market Realtors Construction 511

Housing Wire

OCTOBER 18, 2021

“We’re operating within a labor and supply constrained economy inside a competitive real estate market, especially in the construction, renovation and closing spaces,” said Jeremy Wacksman, chief operating officer at Zillow, in a written statement. “We construction workers. Broadly speaking, there’s a dearth of U.S.

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Renovations Real Estate Construction Contracts 397

Housing Wire

APRIL 18, 2024

Meanwhile, new construction of both single-family and multifamily homes receded in March. Inventory has started to increase, but the market is still competitive with sellers still getting multiple offers. “More inventory is always welcomed in the current environment,” Yun added.

Inventory 448

Inventory Real Estate Agent Sellers Buyers 448

Housing Wire

NOVEMBER 25, 2024

The current start-stop cycle facing American homebuyers and sellers shows no sign of relenting. This volatility has sidelined many potential buyers and sellers, who are opting to wait for a more stable market. Construction remains insufficient to meet demand after 15 years of under-building. from the 3.4% year-over-year decline.

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Housing Market Construction Real Estate Sellers 397

Housing Wire

APRIL 30, 2024

AARP concerns “FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” HUD said in its update to the policy. The fact that FHA is moving forward with letting these specific entities make IPCs is good,” Harmes said. “I

Mortgage 445

Mortgage Real Estate Agent Sellers Construction 445

Housing Wire

NOVEMBER 27, 2023

One of the urban myths spouted by people needing more experience tracking housing data was that millions of homes would hit the marketplace in 2023 because the builders had so many homes under construction. months , the builders will pause construction. Because the builders are efficient sellers. When supply is 4.4-6.4

Construction 482

Construction Buyers Mortgage Inventory 482

Housing Wire

JANUARY 26, 2021

According to the CoreLogic Buyer/Seller Market Indicator, which measures the ratio between sold price and list price, buyer competition reached a new peak nationally in October and November when the ratio climbed to 0.996 – the highest level since 2008, when the data series began. . The 20-city composite showed a 9.1% in October.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. As we get into 2024, if interest rates touch the 5% mark, we can assume a market that heavily favors sellers.

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Real Estate Agent Real Estate Buyers Agents 476