Housing Wire

JANUARY 3, 2023

Pending home sales fell for the sixth consecutive month in November, recording a 4.0% Falling home sales and construction have hurt broader economic activity.”. Year over year, the Pending Home Sales Index was down 37.8%, marking the 18 th consecutive month of annual declines.

Sales 481

Sales Construction Mortgages Marketing 481

Housing Wire

NOVEMBER 15, 2023

However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 454

Sales New Construction Staging Mortgages 454

Housing Wire

OCTOBER 26, 2023

Pending home sales ticked up 1.1% NAR’s Pending Home Sales Index rose to a reading of 72.6 Pending homes sales mirrored the trend in new home sales , which posted a 12.3% Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” in September. increase in September.

Sales 352

Sales New Construction Mortgages Construction 352

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. year over year.

Sales 386

Sales New Construction Construction Mortgages 386

Housing Wire

JULY 8, 2022

The construction sector, meanwhile, had only a slight gain, according to the U.S. But employment showed little change over the month in other major industries, including construction, retail trade, financial activities, government and other services. Job growth in the U.S. jobs report , released Friday. The unemployment rate of 3.6%

Construction 334

Construction Industrial Residential Mortgages 334

Housing Wire

APRIL 24, 2023

Housing demand and home prices have proved to be more resilient than expected in the first quarter of the year, but home sales will remain subdued largely due to the rate lock-in effect , according to Fannie Mae ‘s forecast. Still, Fannie Mae expects new home sales to hold up comparatively well relative to existing homes.

Sales 348

Sales Banks Construction Lending 348

Housing Wire

JULY 26, 2023

Despite yet another increase in homebuilder sentiment , the sales pace of new homes declined month over month in June, according to data published on Wednesday by the U.S. In June, the sales pace of new homes fell 2.5% On a year-over-year basis, however, new home sales were up 23.8%. from a month prior, but down 3.6%

Sales 323

Sales New Construction Marketing Construction 323

Housing Wire

AUGUST 25, 2021

In Tuesday’s new home sales report from the Census Bureau , monthly supply hit recent highs at 6.2 The new home sales market is a small but essential part of the overall market and the economy. From the Census report: The seasonally adjusted estimate of new houses for sale at the end of July was 367,000. months and 5.9

Sales 461

Sales Construction Marketing As-is 461

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). It contrasts with new home sales , which moderated in the same period (-2.5%). The NAR’s Pending Home Sales Index climbed to a reading of 76.8

Sales 335

Sales Construction Mortgages Closing 335

Housing Wire

JULY 18, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. This is the index’s highest reading since June 2022.

Sales 316

Sales Construction New Construction Finance 316

Housing Wire

MAY 25, 2021

Record-high building material prices and a continued lack of labor brought down new home sales in April to a seasonally adjusted annual rate of 863,000 ? April’s new home sales are nearly double that of April 2020’s estimate of 582,000. While total sales fell over the month, homes sold-but-not-yet-started jumped by 16.5%

Sales 417

Sales Construction Loans Technology 417

Housing Wire

OCTOBER 22, 2020

Sales of existing homes took off in September, jumping 9.4% Compared to a year ago, sales are up 20.9%. Home sales traditionally taper off toward the end of the year, but in September they surged beyond what we normally see during this season,” said Lawrence Yun, NAR’s chief economist. The post Existing home sales surge 9.4%

Sales 526

Sales Construction Marketing Mortgages 526

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending home sales were down 22.2%, a larger decrease than the 20.3% annual drop recorded in April. The Northeast (66.7)

Sales 305

Sales New Construction MLS Construction 305

Housing Wire

APRIL 20, 2023

monthly increase in February , breaking a year long streak of declines, existing home sales were back down again in March, according to a report from the National Association of Realtors (NAR), released Thursday. Existing home sales dropped 2.4% On a year-over-year basis, sales were down 22%. After posting a surprising 14.5%

Sales 339

Sales Mortgages Construction Finance 339

Housing Wire

MAY 13, 2021

“Adjusting to seasonal effects, MBA estimates that new home sales in April rebounded from a two-month slump, increasing 8 percent to an annualized pace of 770,000 units,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Sales 430

Sales FHA loan Loans Construction 430

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? Is this the classic case of trying to sell a $20-bill for $25?

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5% The supply of homes for sale fell to a record low, down 16.5% Sales of homes priced above $1 million were up 39%. .

Sales 407

Sales New Construction Equity Construction 407

Housing Wire

SEPTEMBER 21, 2022

Existing home sales continued to fall in August, as homebuyer demand cooled further as a result of the Federal Reserve’s inflation-busting policy. The seasonally adjusted sales rate for existing homes fell 0.4% The seasonally adjusted sales rate for existing homes fell 0.4% months of supply at the current sales pace.

Sales 356

Sales Construction Mortgages As-is 356

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. regions reported month-over-month and year-over-year home sale gains, per a release from the NAR. In the Midwest, sales increased 6.7%

Sales 417

Sales Construction Mortgages As-is 417

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. The post Home sale prices reach record highs — again appeared first on HousingWire.

Sales 454

Sales Construction Closing Marketing 454

Housing Wire

JUNE 22, 2021

Existing home sales fell for the fourth consecutive month in May, down.9% According to the NAR, despite existing home sales falling, activity is slowly approaching pre-pandemic levels. Regionally, only the Midwest experienced higher existing home sales from the month prior. 9% from April to 5.8 from May 2020 ($283,500).

Sales 397

Sales Construction Marketing Development 397

Housing Wire

DECEMBER 23, 2020

Sales of newly built homes occurred at a seasonally-adjusted annual rate of 841,000 in November – 11% below October’s 945,000 revised rate , the Census Bureau reported on Wednesday. Every region experienced a dip in new-home sales, with the Midwest providing the starkest decline, down a whopping 43% month-over-month.

Sales 296

Sales Construction Industrial As-is 296

The Residential Specialist

FEBRUARY 27, 2024

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. New construction is always seen as much more expensive.

Construction 97

Construction Inspection New Construction Residential 97

Marco Santarelli

APRIL 11, 2024

This stagnation is reflected in the lowest levels of e xisting home sales since 2010 and a substantial drop in mortgage demand, the lowest in over two decades. While some experts forecast an increase in home sales transactions compared to the previous year, they also anticipate a slower rise in home prices.

As-is 98

As-is Purchase and sale agreement Investor Mortgages 98

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Sales, however, may see only mild improvement in the year ahead, while prices will remain more or less historically high, the forecasters believe. million to 5.07

Sales 461

Sales Mortgages Construction As-is 461

Keeping Current Matters

AUGUST 26, 2020

With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . With new construction, you’ll also have warranty options that may cover portions of your investment for the first few years.

New Construction 254

New Construction Construction Design As-is 254

Toronto Realty Blog

APRIL 8, 2024

of Torontonians had never heard of Bjarke Ingels, and that there was no reason why people should be paying $2,000 per square foot for a pre-construction project simply because it has his name on it. This project began sales not too long ago and I was sent an information package by real estate agents, blog readers, and clients alike.

Construction 75

Construction Development Design As-is 75

Keeping Current Matters

SEPTEMBER 16, 2021

An important metric in today’s residential real estate market is the number of homes available for sale. They define active listings as: “ The active listing count tracks the number of for sale properties on the market , excluding pending listings where a pending status is available. What happened last year? What’s happening this year?

Sales 267

Sales New Construction Construction Equity 267

HomeLight

MARCH 29, 2024

To find the Goldilocks price point, most real estate agents use the sales comparison approach. In this post, we’ve asked two top real estate experts to share insights on how this approach plays a key role in your home sale, how it works, and another pricing option you might need. How Much Is Your Home Worth Now?

Sales 107

Sales Renovation Land Construction 107

RIS Media

MARCH 31, 2021

With inventory continuing to be at record lows in 2021, a new trend is developing in the real estate market regarding new-home construction. ” Of the new construction being built, many of them are more energy efficient and have more technology integrated into the homes. For more information, please visit www.unitedcountry.com.

Construction 104

Construction Sales Land New Construction 104

Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

New Construction 126

New Construction Construction Development Renovation 126

McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Be careful as you choose comparable sales. Talk to multiple local builders. Learn more.

New Construction 86

New Construction Construction FHA loan Land 86

Realty Biz

FEBRUARY 3, 2022

Construction is a competitive industry. With the number of qualified contractors constantly growing, marketing is one of the essential tools for any construction business to operate at its full potential. Below, we share valuable marketing advice to get more clients in construction. Optimize Google My Business.

Construction 104

Construction Marketing Branding Design 104

Toronto Realty Blog

JULY 4, 2023

TorontoRealtyBlog Do you remember the good old days of pre-construction condominiums? I remember when, among other things, you could purchase a pre-construction condo with a mere 5% deposit. That was the reason to buy pre-construction condos back in 2004, not to mention that absurd 5% deposit structure. And that was it.

Construction 75

Construction Development Brokerage Equity 75

Realty Biz

FEBRUARY 18, 2022

Construction is a competitive industry. With the number of qualified contractors constantly growing, marketing is one of the essential tools for any construction business to operate at its full potential. Below, we share valuable marketing advice to get more clients in construction. . Optimize Google My Business.

Construction 102

Construction Marketing Branding Design 102

Eye on Housing

OCTOBER 25, 2022

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively. A possible factor behind this trend is that the inventory of new homes for-sale is 25% higher.

New Construction 116

New Construction Construction Sales As-is 116

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes. Getty Images.

New Construction 110

New Construction Construction VA loan Finance 110