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Opinion: why innovation in a builder matters to homebuyers

Housing Wire

The real estate industry is in the stages of a seismic shift to fully digital experiences. 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.

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Could New Construction Help Level Out the Market?

RIS Media

If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. The median sales price of a home in June of 2021 was $370,600—an 24.4% Will the result take immediate effect?

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The #1 Reason Not to Wait to List Your House for Sale

Keeping Current Matters

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Mark Fleming, Chief Economist for First American , just reported : “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market.

Sales 282
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Opinion: How did homeowners get into home equity prison?

Housing Wire

of outstanding debt was in some stage of delinquency, up by 0.1 With each day that passes in the new year, as a direct result of the delinquency transition rates, we are seeing more and more credit card collection cases being filed across the United States. As of December 31, 2023, 3.1% percentage point from the third quarter.

Equity 431
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MBA forecast for 2021: Prepare for rising mortgage interest rates

Housing Wire

However, due to the narrow industry focus of the job losses, this downturn has proved much different than what the economy saw in 2009. MBA Associate Vice President of Industry Analysis Joel Kan explained that current inventory rests at just a three-month supply. million,” he said. MBA forecasts mortgage originations to total $3.18

Mortgages 407
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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Therefore, in this article we will explore common real estate market cycles and the indicators you can look for to better understand which market stage your area is in. 8 Stages of Real Estate Market Cycles. While I generally agree with this, I break market cycles down into eight stages to make them easier to follow.

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Lawrence Yun’s Real Estate Market Forecast (and why he called out the Fed)

Broke Agent Media

He also expects home sales to increase in 2024 after bottoming out this year. Lawrence Yun, NAR’s Chief Economist, took to the stage to discuss the current real estate market, and what he forecasts for the residential and commercial real estate markets. It’s death by a thousand cuts. in 2023 and fall below 6.0%