RIS Media

MAY 17, 2023

Homebuilders are feeling confident about the outlook for new housing demand,” said Bright MLS Chief… The post New Construction Up Again, With a Boom Out West appeared first on RISMedia. With inventory back to being the No.

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New Construction Construction MLS Marketing 111

Housing Wire

JANUARY 5, 2024

“While this is below the job growth in 2021 and 2022, when the economy was rebounding from the sharp job losses in 2020, it is still a much higher pace of job growth than we had before the pandemic,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. Meanwhile, the unemployment rate remained unchanged at 3.7%

Construction 433

Construction MLS Investor Mortgages 433

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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As-is Sales New Construction MLS 493

Housing Wire

NOVEMBER 14, 2023

“Shelter inflation has been coming down slowly since the summer, as new residential construction activity ramped up in 2023,” said Lisa Sturtevant, chief economist for Bright MLS. Even though shelter prices dropped to 0.3% the prior month, they’ve increased 6.7%

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New Construction Construction MLS Residential 404

Notorious ROB

SEPTEMBER 5, 2022

Last year, I wrote something up on BrightMLS’s Off-MLS Study saying that the conclusions of the report were overstated and based on thin and problematic data. In particular, I had issues with the data presented: Simply put, there is a large discrepancy in the median sale price between On-MLS homes and Off-MLS homes.

MLS 88

MLS Brokerage Sales New Construction 88

Housing Wire

APRIL 5, 2024

“Some had been hoping that the Federal Reserve would cut interest rates at its June meeting; however, with today’s strong jobs report, it is all but certain that the first rate cut won’t be before July,” Bright MLS chief economist Lisa Sturtevant said in a statement. “As Average hourly earnings for private-sector employees grew by 0.3%

Industrial 349

Industrial Mortgages Construction MLS 349

Housing Wire

NOVEMBER 3, 2023

While wages kept rising, October posted the slowest pace of wage growth since June 2021, according to Bright MLS Chief Economist Lisa Sturtevant. In October, construction employment continued to trend up, adding 23,000 more jobs, aligning with the average monthly gain of 18,000 over the prior 12 months.

Marketing 403

Marketing Construction MLS Mortgages 403

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

Construction 370

Construction Residential MLS Renovation 370

Toronto Realty Blog

DECEMBER 8, 2023

TorontoRealtyBlog Geez, what happened to “More MLS Musings?” This is an abuse of the MLS system, right? For the rest of you, if you happen to be perusing Toronto listings and notice anything worthy of our “MLS Musings” feature, please email to davidfleming@bosleyrealestate.com! I get that.

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MLS Staging Commercial Agents 84

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% As more first-time homebuyers are turning to new construction, builders offer smaller, more-affordable homes as well as incentives like interest rate buydowns to tempt buyers off of the fence. Over the past year, the value of the U.S.

Marketing 510

Marketing New Construction Finance Construction 510

Housing Wire

MARCH 27, 2024

Construction slows down One thing that stands out in Jacksonville’s listings rankings is the recurring presence of homebuilders. In fact, DR Horton alone was responsible for almost 5% of all of Jacksonville’s MLS listings in 2020, 2021 and 2022.

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Brokerage Construction MLS Land 441

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month.

Construction 382

Construction MLS Mortgages Loans 382

Housing Wire

MARCH 10, 2023

Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The construction sector added 24,000 jobs in February thanks to a large uptick in the specialty trade contractors segment of construction, which gained 13,400 jobs, and residential specialty trade contractors accounted for 11,200 of those jobs.

Construction 370

Construction Residential MLS Mortgages 370

Housing Wire

MARCH 8, 2024

While unemployment is still low, the leverage held by workers is weakening,” Bright MLS chief economist Lisa Sturtevant said in a statement. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. The number of unemployed Americans also rose to 6.5 month over month to $34.57 and were up 4.3%

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MLS Construction Mortgages Sales 442

Housing Wire

SEPTEMBER 7, 2023

Rates should continue to come down from their peaks, as the inflation and the jobs market are cooling, said Bright MLS Chief Economist Lisa Sturtevant. At Mortgage News Daily on Wednesday, the 30-year fixed rate for conventional loans was 7.33%, up from 7.06% the previous week. She expects a market contraction this fall in the housing sector.

Mortgages 442

Mortgages Fixed-rate mortgage Marketing MLS 442

Housing Wire

MARCH 1, 2024

.” Take a look at the full list of this year’s honorees below!

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Finance Principal Construction MLS 433

Housing Wire

JULY 26, 2023

“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction.

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

AUGUST 18, 2023

Private sales, for sale by owner and other sales not found in your MLS could be really good comparable homes, so ask good questions and don’t just assume your seller is overpriced. Not just for your town or even zip code, but for their neighborhood, school district and MLS code. Know what’s going on with the new construction!

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Pre-qualification New Construction MLS Construction 370

Housing Wire

OCTOBER 12, 2023

year over year in September,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. Instead of continuing to raise rates, which will only exacerbate the supply constraint, the Fed should wait to allow the impact of record-high levels of new-apartment construction to flow into the rent data,” Sturtevant said.

MLS 403

MLS Construction Investor Mortgages 403

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Marlin could sell condos for $2,000/sqft in pre-construction right now.

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

JANUARY 10, 2024

Mention it in the agent-to-agent comments in the MLS. Are other listings (or new construction) offering seller incentives? Make sure your description in the MLS and all sites is compelling and makes an agent or buyer need to see your listing first (or next)! Create an amazing home brochure with professional photos.

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MLS Pre-approval Inspection Agents 414

Housing Wire

JUNE 29, 2023

It is encouraging that homebuilders have ramped up production, but the supply from new construction takes time and remains insufficient,” added Yun. Yun, however, is optimistic about the impact increased housing starts and homebuilder confidence will eventually have on housing inventory. “It

Sales 370

Sales New Construction MLS Construction 370

Housing Wire

JANUARY 19, 2024

In reality, the demand for housing—and homeownership, in particular—has remained high, despite higher rates,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. It requires economic and income growth and, most importantly, a steady buildup of home construction.” million units in December, down 1.0%

Fixed-rate mortgage 433

Fixed-rate mortgage Sales MLS Mortgages 433

Housing Wire

SEPTEMBER 1, 2023

Employment in the construction industry continued to trend up in August, adding 22,000 jobs, in line with the average monthly gain over the prior 12 months (+17,000). Within the industry, employment continued to trend up over the month, especially for trade contractors (+11,000) and in heavy and civil engineering construction (+7,000).

Construction 393

Construction Residential MLS Mortgages 393

Housing Wire

JULY 6, 2023

In addition, builders are recognizing the demand and the opportunity it presents, and they are pushing construction activity higher – about one-third of homes on the market are new construction, more than double normal levels. jobs market remains strong with U.S. However, we have a way to go to regain balance.”

Mortgages 382

Mortgages Construction New Construction Investor 382

Realty Biz

FEBRUARY 3, 2021

A 3D printing company that specializes in building homes has just seen its first such building listed for sale on the MLS after receiving a certificate of occupancy. which built the $299,000 property in Riverhead, New York, said that most of the building was constructed by a robot, before being finished by human experts.

MLS 69

MLS Construction Sales Technology 69

Housing Wire

MARCH 20, 2024

It also bans NAR from setting rules that would allow a seller’s agent to set compensation for a buyer’s agent, removes commission information from MLS fields, and strikes any requirements that agents subscribe to multiple-listing services. Zillow declined to comment on recent stock price movements.

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Investor Residential Agents MLS 450

Housing Wire

SEPTEMBER 13, 2023

Housing continues to contribute an outsized share to the inflation measures If shelter was excluded from the CPI calculation, inflation would be about 1%, said Bright MLS Chief Economist Lisa Sturtevant. Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy.

MLS 393

MLS Construction Closing Mortgages 393

Housing Wire

FEBRUARY 27, 2023

Bright MLS chief economist Lisa Sturtevant added: “The new pending sales data for January provides further evidence that the housing market may have bottomed out at the end of last year. The NAR attributes this to the rising costs of land and construction materials. “In “But an annual gain in home sales will not occur until 2024.

Sales 424

Sales Fixed-rate mortgage MLS Mortgages 424

Housing Wire

AUGUST 10, 2023

in July, said Bright MLS Chief Economist Dr. Lisa Sturtevant. To Bright MLS Chief Economist Dr. Lisa Sturtevant, these changes are not the result of the Fed’s action but rather the consequence of more new residential construction coming on the market. According to the CPI data, the inflation rate excluding shelter was just 1.0%

MLS 370

MLS Construction Residential Design 370

Housing Wire

DECEMBER 8, 2023

Should they consider new construction? There are other ways to find inventory rather than just using your MLS. You cah also be more creative in your MLS searches in ways that net you more inventory to choose from for your clients. Are they in a situation where they can compete for a home if necessary?

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Proof of funds Inspection contingency Inspection MLS 424

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

MLS 318

MLS Brokerage Property Management Agents 318

Redfin

JANUARY 12, 2022

While first-time homebuyers and even seasoned homeowners might have heard of MLS, they may not be familiar with the role it plays throughout the home buying and selling process. Understanding how the MLS factors into the process can help you get the most out of your purchase or sale. What an MLS is and how it works. What is MLS?

MLS 73

MLS Agents Sales As-is 73

Housing Wire

MARCH 29, 2023

Homebuyers have been closely watching mortgage rates, which have been volatile during the first few months of the year,” said Lisa Sturtevant, chief economist for Bright MLS. Existing-home sales , pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”

Sales 302

Sales MLS Construction Banks 302

Housing Wire

NOVEMBER 7, 2023

Be more creative in your MLS searches. If they are in a new construction price range but haven’t really considered it, go take a video of a home that could be a match for them and see what their thoughts are. It’s YOUR job, not theirs to find the right home for their needs. Remove square footage as a requirement.

Loan Officer 424

Loan Officer New Construction MLS Inspection 424

Housing Wire

DECEMBER 29, 2021

And the result is that the real estate agents of homebuyers can overlook newly built homes because those homes have not been properly entered into the MLS , and promoted the way existing homes are. We have a specialized service to ensure that the builder’s homes are presented to the realtors through MLS in the most efficient and accurate way.

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MLS Agents Sales Staging 392

Toronto Realty Blog

NOVEMBER 2, 2022

950/sqft for construction costs. In the meantime, I’ve been monitoring pre-construction condo prices just to see what developers think they can charge, and by association, just how much they might need to charge in order to make a project viable, and I remain absolutely astounded. Imagine that? Where are they now?

Construction 78

Construction Marketing Development Land 78