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Southern housingmarkets have dominated growth lists over the last few years, and a report by CoreLogic today shows Southern markets are still hot. Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. The top three metros are Lakeland, Florida.
Weaker demand from the local community developers buying at auction suggests continued weakness in the retail housingmarket into early 2025 given that those local community developers are anticipating retail market conditions about six months into the future,” Daren Blomquist, vice president of market economics at Auction.com, said in a statement.
housingmarket has shown signs of slowing, demand remains strong in key Midwest and Northeast cities, where homes are selling weeks faster than the national average, according to Realtor.com s Hottest Markets Report for February. While the U.S. year over year, respectively. We just don’t have a way at the local level.
Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development. NP: You work directly with land developers too. What sort of policies are you helping to develop on their end? This interview has been edited for length and clarity.
Despite that projected need for more senior housing, however, development on dedicated senior housing units and facilities ground to a halt during the COVID-19 pandemic and has largely stood still since then, the report explained. seniors cannot afford private senior housing communities.
The panel dissected the housingmarket’s current state marked by rising inventory, affordability challenges, elevated mortgage rates , and investor uncertainty and what it all means for the rest of 2025 and beyond. Today’s COGS for long lead-time builders reflect development costs from four years ago. [09:58]
Americas housingmarket isnt just cooling its frozen in place. Its the result of a uniquely American mortgage structureone that unintentionally punishes mobility and paralyzes housing supply. Its the result of a uniquely American mortgage structureone that unintentionally punishes mobility and paralyzes housing supply.
Climate change is having a pronounced impact on the housingmarket, particularly when it comes to the accelerating risks of extreme weather events in areas that were already vulnerable to impact. Developers continue to build in these areas with few obvious signs of slowing, the story said. “La
Department of the Treasury ’s Community Development Financial Institutions (CDFI) Fund announced on Wednesday that it has awarded 48 organizations a total of $246.4 million to develop affordable housing and community facilities. territories including Guam and Puerto Rico.
Citing that inflation is now near its 2% target and that there is some weakness developing in the labor market, the Federal Open Market Committee (FOMC) today voted to cut the Fed Funds rate by 0.25% , to the range of 4.5% Percent, But its Unlikely to Have Much Impact on the HousingMarket appeared first on MortgageOrb.
housingmarket is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housingmarket has surged by more than $2.6 After experiencing a temporary hiccup between July 2022 to January 2023, the U.S.
Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. The more encouraging story, however, is that the spring season is shaping up positively for the housingmarket. Notably, purchase applications show growth both year-to-date and year-over-year.
Concentrated Development: Many developers flocked to the same areas, leading to localized oversupply. For instance, Chosewood Park in Atlanta is seeing its housing stock double in just a few years. The Developer’s Dilemma To illustrate the current challenges, let’s consider a hypothetical developer, Dave.
House of Representatives and the U.S. Senate have introduced bills in their respective chambers designed to ban hedge funds from participating in the single-family housingmarket, citing supply and affordability challenges as justification. Democratic lawmakers in both the U.S. First reported by the New York Times, Sen.
Flynn’s work will also focus on using data to improve accuracy and efficiency in home appraisals , an area that has faced increased scrutiny in the housingmarket, the company said. Class Valuation is at a pivotal moment in redefining how data and technology shape the future of property valuation, he said in a statement.
New home sales continue to be a bright spot in a dismal housingmarket. Census Bureau and Department of Housing and Urban Development shows new-home sales registering at a seasonally adjusted annual rate of 698,000, good for a 6.7% The December report from the U.S. rise year over year and 3.6% higher than November.
They explore forecasts for the 2025 housingmarket, key macroeconomic trends to monitor, solutions to the housing affordability crisis and more. To start the conversation, Divounguy dives into the past two years of economic developments and how they impact today’s housingmarket.
The latest annual report from The Counselors of Real Estate highlights 10 major issues expected to impact the housing industry in 2024, but developers are painfully familiar with at least two of them: labor shortages and skyrocketing capital costs. The result is a sharp increase in labor costs, and longer construction times.
Known for its rural communities, quaint towns, scenic lakes and mountain vistas, New Hampshire is probably not where you would expect to find one of the nations hottest housingmarkets but the data says otherwise. 18, with a market action index score of 55.77.
The January 2025 Pacific Palisades and Eaton fires destroyed more than 15,000 structures, displacing over 150,000 residents and further straining the already limited rental supply, according to the California Department of Housing and Community Development. To contact the editor responsible for this piece: zeb@hwmedia.com.
Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Census Bureau Advance Monthly Retail Sales (Thursday) Freddie Mac Primary Mortgage Market Survey (Thursday) U.S. Ginnie Mae and the U.S.
New Hampshire s hot housingmarket has spiraled the Granite State into crisis mode. But as the states population has grown, its housing supply which was already beginning to tighten more than a decade ago has failed to keep pace. And if our employers are not able to scale at the rate they want here, they may look elsewhere.
Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Single-family housing starts in September improved for the second consecutive month, as builder sentiment has improved. Census Bureau and the U.S. below the revised August estimate of 1,361,000, 0.7%
Despite the challenges, Fischer stands by his optimistic view of Indiana’s 2024 housingmarket. “We We have a pretty strong market heading into spring,” Fischer said. “I “Very few new construction homes are going up in our area,” Diamond said.
Overall purchase activity has shown year-over-year growth for more than two months as the inventory of existing homes for sale continues to increase, a positive development for the housingmarket despite the uncertain near-term outlook.
Lindsay Brugger, vice president of urban resilience at the Urban Land Institute , said that as LA moves forward to rebuild, the region is unfortunately already struggling to provide affordable and attainable housing. Those are a couple of strategies that we’ve seen in other developments, she said.
HousingMarket Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. HousingMarket Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability.
Cathy Moore, a member of the Seattle City Council , described her general approach to housing issues as one that’s skeptical of developers intentions and centered on a belief that the government should do more. For state Sen. Feedback on the proposals has included pushback from some local leaders.
“Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housingmarket. Austin fits the classic example of a boom/bust housingmarket, where a collapse is taking place.” A better way to describe Austin’s market is “stabilizing,“ Whitaker said.
Some emerging risks in the economy and housingmarket are pushing delinquencies higher, but those higher delinquencies will not likely translate into higher foreclosure auction volume until at least early 2026, Daren Blomquist , the companys vice president of market economics, said in the report.
How are you doing that in this crazy housingmarket? Our licensing school brings in brand-new agents, whom we train and develop to help them become superstars. Sanchez: We’re seeing some green shoots in the housingmarket. FirstTeam is on track to surpass $1 billion in recruited teams this year.
Mortgage rates have been rising and the housingmarket is also experiencing the impacts of hurricanes. From Census : New Home Sales : Sales of new single-family houses in October 2024 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. This is 17.3 percent (±12.8
Read on to learn more about what Doug Duncan – Fannie Mae’s senior vice president and chief economist — and Mark Palim – Fannie Mae’s vice president and deputy chief economist – had to say about the housingmarket, the Fed’s interest rate cut timeline and their views on overcapacity in the industry. labor force are not vigorous.
This development has “significant implications for the housingmarket.” In 2023, there was a notable pullback in the number of applications and approvals for home loans among all racial and ethnic categories, with “a particularly notable drop” occurring among white applicants, NAREB said.
housingmarket was relatively slow in 2024, experts say the luxury sector was an outlier and they are anticipating even stronger conditions in 2025. According to The Trend Report released Monday by Coldwell Banker s Global Luxury program, the brands luxury property specialists expect more luxury buyers to reenter the market in 2025.
Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). Increased software development needs : New integrations often require more development resources to ensure compatibility with existing systems.
The Finance Leaders award honors executives who are not only advancing financial performance but strengthening liquidity, expanding margins, and enhancing access to capital markets. This years honorees represent the top talent in corporate finance, ensuring their companies remain competitive in a dynamic housingmarket.
“I think about the people I work with, the agents, the staff, and the gifts that they have, and how we can help develop that.” Louis housingmarket. Think about it that way, that were managing the talent of the agents and the staff, and were always looking for talent,” Butler said.
The new listing data for last week over the previous several years: 2025: 53,863 2024: 51,874 2023: 44,533 Price-cut percentage In an average year, about one-third of all homes typically experience a price cut, which reflects the usual dynamics of the housingmarket.
The hardest position to take in analyzing the housingmarket is one that is contrarian and bullish. When everyone knows that the housingmarket is sluggish and weak, but the data shows surprising strength. Home price strength has been the most surprising development in the housingmarket this year.
Auction.com has released its 2025 Distressed Market Outlook , which forecasts foreclosure auction volume decreasing 8% in 2025 as a baseline scenario. The forecast also incorporates two other less likely scenarios with differing macroeconomic and housingmarket assumptions.
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housingmarkets in 2025. Homebuilder strategies matter more than ever With affordability still a challenge, homebuilders are playing a more critical role in housingmarket activity. The HousingWire Economic Summit, held Feb.
Buyers are willing to make compromises to find the best possible home for their families, said NAHB Chairman Buddy Hughes, a home builder and developer from Lexington, N.C. Home Builders Adapt to HousingMarket Conditions Due in part to concerns about housing affordability, home builders are building smaller homes.
In this monograph, we discuss the absolute necessity of developing more than one skill set as part of becoming a competent and professional real estate appraiser. This means continually learning and developing new skills to stay ahead of the curve. Another way to develop new skills is to seek out opportunities to learn from mentors.
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