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% On Tuesday, traders priced in a nearly 85.7%

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Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% Fueling this increase is new construction, according to Divounguy, even though the 1.3% After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. Over the past year, the value of the U.S. rise in the average value of U.S.

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Marketing New Construction Finance Construction 515

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. million).

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Marketing Construction MLS Mortgages 409

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. Competition heats up In 2019, Watson Realty Corp.

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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.

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Construction Residential MLS Renovation 370

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. in April, with the total number of unemployed persons rising to 6.1

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Construction MLS Mortgages Loans 384

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.

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MLS Brokerage Sales New Construction 88

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. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept.

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Mortgages Fixed-rate mortgage Marketing MLS 450

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. million. “The

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Construction Residential MLS Mortgages 370

Toronto Realty Blog

DECEMBER 8, 2023

TorontoRealtyBlog Geez, what happened to “More MLS Musings?” This is an abuse of the MLS system, right? ” Perhaps I got carried away this year actually writing about real estate! I offered this feature eight times in 2020, seven times in 2021, only four times in 2022, and much to my amazement, only twice in 2023!

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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. That is 12 million more than Netflix and 32 million more than LinkedIn.

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Investor Residential Agents MLS 458

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. from a month prior, but down 3.6% compared to June 2022.

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Sales New Construction Marketing Construction 370

Housing Wire

AUGUST 18, 2023

Not just for your town or even zip code, but for their neighborhood, school district and MLS code. A great Listing pre-qualification script pulls out critical facts so you can be best prepared to not just take the listing, but to price it right in the first place! Not prequalifying is unprofessional and can waste your time and the sellers.

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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.

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MLS Construction Investor Mortgages 409

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? All sellers expect the same things from you, whether they’re a repeat client, a referral, relocating executive, a luxury home owner or a first-time seller. So how can you deliver? Make sure both places shine.

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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% in December.

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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. Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed.

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Mortgages Construction New Construction Investor 384

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. Year over year, pending home sales were down 22.2%, a larger decrease than the 20.3% annual drop recorded in April. The NAR’s Pending Home Sales Index fell to a reading of 76.5

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Sales New Construction MLS Construction 370

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).

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Construction Residential MLS Mortgages 397

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. Judge Stephen R. Bough of U.S.

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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. How you conduct yourself and how you present to each buyer prospect should not vary by situation.

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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.

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MLS Construction Closing Mortgages 397

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.

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Construction Sales Purchase and sale agreement Development 74

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%

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MLS Construction Residential Design 370

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. You can’t just assume you’ll be receiving a set percentage on every transaction. Find them their dream home.

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Loan Officer New Construction MLS Inspection 432

Housing Wire

AUGUST 10, 2023

Additionally, economists have observed a rebound in new home sales this year, with buyers seeking to leverage new construction options and any competitive builder incentives. When rates were around 7% in late October and November of 2022, demand for housing slowed down significantly, said Bright MLS Chief Economist Lisa Sturtevant.

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Fixed-rate mortgage Mortgages New Construction Loans 370

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 397

Housing Wire

JULY 20, 2023

Stop answering clients’ concerns by saying, “Yeah, there’s really nothing on the market, I mean everything in the MLS is already pending. Stop answering clients’ concerns by saying, “Yeah, there’s really nothing on the market, I mean everything in the MLS is already pending. Nationwide, inventory is at all-time lows. range currently!

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Equity MLS Construction Agents 285

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?

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MLS Agents Sales As-is 73

Housing Wire

MAY 10, 2023

level reported last summer, but inflation is still running far above the Fed’s target rate of 2%,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. Rent growth will decrease because apartment construction – entry units coming on the market – is already in the pipeline. compared to a year prior.

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Closing MLS Construction Residential 384

Housing Wire

JULY 12, 2023

Despite the positive inflation report, the Fed likely will resume its rate hikes when it meets later this month, remaining committed to raising interest rates until the magical 2% inflation target is met,” said Lisa Sturtevant, chief economist at Bright MLS. After recording a 4.0% annual increase in May , the CPI rose just 3.0%

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MLS Commercial Construction Mortgages 369

Housing Wire

SEPTEMBER 20, 2023

If shelter was excluded from the CPI calculation, inflation would be about 1% in August, said Bright MLS Chief Economist Lisa Sturtevant last week. Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. However, the door remains open for another increase as early as November.

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Fixed-rate mortgage Mortgages Investor MLS 450

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. TorontoRealtyBlog. Gawrsh, I mean, come on!

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Construction Marketing Development Land 78

RIS Media

JUNE 21, 2023

Colorado’s largest MLS, REcolorado, has announced plans to enhance its subscriber benefits with two new SkySlope solutions: SkySlope Forms and SkySlope Offers.

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Realty Biz

APRIL 19, 2024

Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. At the same time, new constructions struggle to keep up with the market. The question on everybody’s mind is whether property prices will drop in 2024.

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Marketing Fixed-rate mortgage Construction Residential 90

Fancy Pants Homes

APRIL 5, 2024

Its name, by the way, was inspired by ChemSeal, an American company that provided experiential coatings and paint during construction. You don’t have to be an architecture buff to recognize a house designed by John Lautner. Yet their designs couldn’t be more different.

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Design Construction Bankruptcy As-is 98

Marco Santarelli

APRIL 5, 2024

Lisa Sturtevant , Chief Economist at Bright MLS, notes that despite expectations for rate cuts, the robust jobs report suggests that such measures may not materialize until later in the year, possibly not before July. This surge contributed to a decline in the unemployment rate from 3.9% compared to February figures.

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Marketing Construction MLS Mortgages 52