Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

Finance 473

Finance Construction Loans Renovation 473

Housing Wire

APRIL 14, 2023

Additionally, buyers migrated to more affordable locations in low-density areas, allowing them to purchase a home with all cash, if they had housing equity from their past property. Thus, the typical homeowner, who owned their home for a decade, had more than $200,000 in housing equity to make a trade. Today, the average is 2.7

Investor 423

Investor Equity New Construction Mortgages 423

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. About 37% of respondents were spending money in social media and 34.8%

Mortgages 409

Mortgages Marketing Banks New Construction 409

Housing Wire

DECEMBER 2, 2020

Home prices are expected to hit new highs while inventory makes a “slow but steady comeback.”. Plus, construction starts are projected to increase 9% over 2020. However, even if new construction jumps at a 9% clip, it’s not enough to sap the continual rise in home prices. More homes are expected hit the market.

Marketing 521

Marketing Construction New Construction Equity 521

Housing Wire

JANUARY 6, 2022

An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month.

Construction 493

Construction New Construction Equity Sales 493

Housing Wire

JULY 20, 2023

For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Build a home instead of chasing after the scarce resale inventory 30% of available homes are new construction, so there are several advantages to this option. Next, the house is new.

Equity 284

Equity MLS Construction Agents 284

Housing Wire

FEBRUARY 18, 2022

percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern,” said Joel Kan, the Mortgage Bankers Association’s AVP of economic and industry forecasting. Homes went under contract in just 19 days on average, down from 21 a year ago. “While the 6.7

Sales 404

Sales New Construction Equity Construction 404

Keeping Current Matters

SEPTEMBER 16, 2021

New construction is starting to take off – Though new construction is not included in the realtor. com numbers, as more new homes are built, there will be more options for current homeowners to consider when they sell. The main reason is the level of equity homeowners currently have in their homes.

Sales 268

Sales New Construction Construction Equity 268

Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Some markets like New Jersey don’t have land to build new homes.

Loan Officer 393

Loan Officer Mortgages Loans Closing costs 393

Keeping Current Matters

MARCH 10, 2021

Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash. However, there are many reasons this real estate market is nothing like 2008. This is nothing like the last time.

Equity 262

Equity New Construction Construction Short sale 262

Housing Wire

NOVEMBER 30, 2021

The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Brokers across the U.S.

Lending 372

Lending Investor Loans New Construction 372

Marco Santarelli

APRIL 15, 2024

Zillow's economists predict that home buyers will have more options and a bit more affordability in 2024 , following the inventory crunch and mortgage rate hikes that dominated the previous year's news. Homeowner Equity Another significant factor is the overall healthier balance sheet among homeowners.

Marketing 105

Marketing Equity Lending Construction 105

Keeping Current Matters

NOVEMBER 10, 2021

The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity. Most experts believe that as more housing inventory comes to market (both new construction and existing homes), the supply and demand for housing will come more into balance. Bottom Line.

New Construction 247

New Construction Equity Construction Closing 247

Housing Wire

APRIL 24, 2023

Home equity is also the primary source of wealth for most Americans. Home equity is also the primary source of wealth for most Americans. Roosevelt enacted the Federal Housing Administration (FHA) as part of the New Deal to provide small down payment home loans for working-class Americans. In January, the U.S. The overall U.S.

Closing 369

Closing New Construction Loans Equity 369

Housing Wire

JUNE 10, 2022

Based in New Jersey, Esser and her team have been recognized as the No. 1 agent in Tenafly, New Jersey and the No. There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. 1 agent for the Bergen County.

Construction 382

Construction Closing New Construction Agents 382

Realty Biz

JUNE 25, 2023

Those who have a house they've been paying off for years accumulate equity, which can be used as a part of your portfolio. To give you an example of what having equity can do, look at home equity lines of credit (HELOCs). After spending some time thinking and going over the other options, you've settled on investing.

House Flipping 102

House Flipping New Construction Equity Construction 102

Propmodo

APRIL 23, 2024

It provides long-term, fixed-rate, and non-recourse loans for up to 30 years for any aspect of real estate construction that enhances energy or water efficiency. C-PACE deals have risen recently in lock-step with Federal Reserve rate increases that have slowed the pace of commercial bank lending.

Lending 62

Lending Commercial Finance New Construction 62

Marco Santarelli

MAY 11, 2024

Home Equity Softening, Not Disappearing The report highlights a slight decrease in the percentage of homes considered “equity-rich,” where the loan value is less than half the estimated market value. This signifies that homeowners, by and large, still hold a healthy level of equity in their properties.

Mortgages 59

Mortgages Marketing Equity Pre-approval 59

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. Kim: A bit of good news for lenders in Q2 was that their production volume went up and origination costs went down. They did for a quarter as households sort of adjusted to the idea that they were going to be running at a new higher level.

FHA loan 441

FHA loan Bankruptcy Marketing Loans 441

Lighter Side of Real Estate

JUNE 15, 2022

The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you’ve built up some equity. According to data in this realtor.com article , the number of existing homes for sale is up 15%, and new construction is up 5%. Lots of equity built up.

Equity 145

Equity New Construction Construction Sales 145

Realty Biz

OCTOBER 21, 2023

Development financing for larger new construction projects and alternative financing approaches should also be considered. A spec home is a newly constructed residential property built by a developer or builder without a buyer already in place. What is a Spec House? The definition of a spec house is straightforward.

Loans 108

Loans Finance Construction Commercial 108

Realtor.com

NOVEMBER 30, 2022

This is what homebuyers, home sellers, and renters can expect in the new year. Photo-Illustration by Realtor.com / Getty Images (4) It’s safe to say we’ve never encountered a housing market nearly as unpredictable as the one we’re in right now. And just in time, Realtor.com® But they won’t get whiplash either.

Mortgages 122

Mortgages New Construction Construction Sales 122

Broke Agent Media

MAY 25, 2023

If you bought in 2000, and you had to sell in 2007/2008, it’s very likely you still had some real equity. Last week, he joined Byron Lazine, Tom Toole, and Lisa Chinatti on the Knowledge Brokers Podcast to share three reasons why buyers aren’t overpaying—even in markets that are seeing multiple offers and over-asking bids.

Construction 98

Construction New Construction Equity Mortgages 98

Real Trends

OCTOBER 21, 2022

The bottom line, they won’t be flooding the market with new construction. Some 50% of homeowners who have mortgages enjoy more than 50% equity. In the Great Recession, homeowners owed more than homes were worth, with no equity, and more likely, negative equity. Are distressed sales headed to your market?

New Construction 105

New Construction Equity Short sale Construction 105

Zillow Market Reports

MARCH 11, 2024

A substantial infusion of new inventory to the market is welcome news for buyers on the hunt for their next home this spring – and more evidence that the effects of ‘rate lock’ are starting to weaken. New listings of existing homes on Zillow are up 21% in February compared to last year, and rose 20% from January.

Marketing 92

Marketing New Construction Construction Mortgages 92

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We in year one, go to 5.2% in year three.

Marketing 404

Marketing FHA loan Loans Mortgages 404

HomeLight

APRIL 28, 2022

While having to spend time at home during the COVID-19 pandemic wasn’t exactly new territory for Solis, she did feel her walls slowly starting to close in as the days slipped away. “I When she explained that she didn’t have a lot of cash to buy a home, the agent recommended HomeLight Trade-In as a way to tap into her existing home’s equity.

New Construction 81

New Construction Construction Equity Agents 81

GeekEstate

SEPTEMBER 23, 2022

Housing Recession = Loss in Construction Jobs. As a result, months of supply from new construction is >400% that of resale units! So now, builders are stopping new projects while trying to sell off current projects. So now, builders are stopping new projects while trying to sell off current projects.

Construction 62

Construction New Construction Lending Equity 62

Broke Agent Media

MAY 16, 2023

BAM Key Details: The results of a new Opendoor survey reveal an inconsistency in housing market expectations, along with areas where buyers and sellers can meet in the middle. Data from a new Opendoor survey is shedding some light on how buyers and sellers see the housing market, what their top concerns are, and what they can agree on.

Marketing 98

Marketing Purchase and sale agreement Construction Equity 98

Realty Biz

JULY 20, 2022

However, once you have 20% equity in the property, you can apply to have this removed. This type of mortgage can be used, not only, to buy homes in rural areas, but also for renovations, new constructions, and relocating a house. For some buyers, there might even be a no down payment home loan available. USDA Loans.

Loans 129

Loans FHA loan VA loan Equity 129

Broke Agent Media

MAY 17, 2023

BAM Key Details: A new mortgage product introduced by Skipton Building Society will allow first-time home buyers in the UK to purchase a home with a no-deposit 100% mortgage loan. This] means that, as advisers, we will need to make sure clients understand the risk of negative equity very clearly. Borrowers in the U.S.

Loans 52

Loans Mortgages Equity Construction 52

Marco Santarelli

DECEMBER 1, 2023

” Despite the decline, sellers are unlikely to face a crisis , given the substantial equity accumulated during the years of soaring home values , distinguishing this situation from the Great Recession. This decline, excluding new constructions, underscores the gravity of the situation. Insights from Realtor.com®

Construction 52

Construction New Construction Mortgages Equity 52

Realty Biz

AUGUST 23, 2022

’ With buyers ready in the wings once confidence returns, homeowners can expect to keep the majority of the equity gains they’ve seen in the last two years.” on a monthly basis, yet new inventory fell 13.6% fewer new listings came on the market. The market is quickly rebalancing. The typical U.S.

Marketing 87

Marketing New Construction Equity Construction 87

HomeLight

FEBRUARY 27, 2021

If you’re just looking to add a couple of feet to your garage, construction cost range from about $2,000 to $12,000. The complexity of construction. HomeAdvisor reports that the average engineering plan costs anywhere from $800 to $3,000 , or as much as 20% of the overall construction price. Construction materials.

Construction 124

Construction New Construction Equity Land 124

RIS Media

FEBRUARY 18, 2021

1 global preference, however, is new construction in a newly developed neighborhood as it commands the highest price among the luxury buyer segment, according to the report. – Luxury buyers want to work with a reputable brokerage that offers basic, quality offerings with a focus on customer service, while offering new technology.

Residential 122

Residential New Construction Development Equity 122

Hank Miller Team

NOVEMBER 15, 2022

Equity – Homeowners gained a massive amount of equity during the last few years, that’s eroding as prices balance. As we enter the final weeks of 2022, the national real estate market is catching its breath. Some markets remain in flux, others have started to level off already. That’s by design and it's disingenuous and misleading.

Equity 52

Equity Renovation New Construction Land 52

Realty Biz

JUNE 30, 2022

But either way, this equity-building strategy isn’t for the faint of heart. It’s a chance to build a lot of equity fast when you purchase a $325,000 home in a neighborhood of $425,000 homes without multiple other buyers attempting to outbid you. Back Door Entry to a Ritzy Area. A nice little investment trick when it works.

Equity 101

Equity New Construction Staging Construction 101