Real Trends

MARCH 29, 2023

But when inflation and mortgage rates started to rise, the rush slowed. New homes began to linger on the market. Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011.

New Construction 89

New Construction Construction Banks Development 89

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. These all-cash homebuyers are happily avoiding the higher mortgage interest rates, which touched 7% in the fall of 2022 before trending down to the current rate of 6.28%.

Investor 427

Investor Equity New Construction Mortgages 427

Norada Real Estate

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

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New Construction Construction Probate sale Investor 52

Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage. The good news is that we are making progress at solving these problems.

Finance 480

Finance Construction Loans Renovation 480

Housing Wire

DECEMBER 2, 2020

Buyers may finally have a better selection of homes to choose from later in the year, but will face a renewed challenge of affordability as prices stay high and mortgage rates rise.”. This year, home prices have risen dramatically , mortgage rates hit record lows and inventory declined. by the end of the year.

Marketing 523

Marketing Construction New Construction Equity 523

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

FHA loan 446

FHA loan Bankruptcy Marketing Loans 446

Housing Wire

FEBRUARY 18, 2022

from December and mortgage rates shot up 30 basis points. 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. “While the 6.7

Sales 407

Sales New Construction Equity Construction 407

Keeping Current Matters

MARCH 10, 2021

Mortgage standards are nothing like they were back then. During the housing bubble, it was difficult not to get a mortgage. percent from 2001 to 2003 for the whole mortgage market.”. New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void.

Equity 263

Equity New Construction Construction Short sale 263

Marco Santarelli

APRIL 6, 2024

Mortgage Rate Dynamics: As mortgage rates climbed to generational highs last year, many homeowners found themselves hesitant to relinquish their existing low rates. However, persistent demand may have finally incentivized some to capitalize on their home equity, facilitating downsizing or relocation.

Marketing 111

Marketing New Construction Construction Equity 111

Housing Wire

JANUARY 6, 2022

The majority of the supply of homes for sale come from existing homes, not new construction. Furthermore, while rising equity may prompt some existing homeowners to move out and up in 2022, many owners were able to refinance into rock-bottom mortgage rates over the course of the pandemic. What about existing homes?

Construction 497

Construction New Construction Equity Sales 497

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.”. Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 Refinance decline. Brokers across the U.S. Housing supply shortage.

Lending 389

Lending Investor Loans New Construction 389

Realtor.com

NOVEMBER 30, 2022

After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now desperately trying to read the tea leaves to figure out where real estate prices, inventories, sales, and mortgage rates are going in the coming year. This is what homebuyers, home sellers, and renters can expect in the new year.

Mortgages 122

Mortgages New Construction Construction Sales 122

Housing Wire

JULY 20, 2023

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. They may have a downpayment saved that isn’t their home equity. They might use a bridge loan to borrow their equity, close on the next home and then sell the old one.

Equity 284

Equity MLS Construction Agents 284

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 407

Marketing FHA loan Loans Mortgages 407

Marco Santarelli

APRIL 15, 2024

While the housing market has shown signs of stagnation with existing home sales at their lowest since 2010 and mortgage demand dropping significantly, most experts do not anticipate a crash in 2024. Mortgage rates , while still on the higher side, could see a dip by the end of the quarter, providing some relief to potential homebuyers.

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. Freddie Mac.

New Construction 248

New Construction Equity Construction Closing 248

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. and Canada may be wondering if this type of mortgage is coming to their country’s banks. Borrowers in the U.S.

Loans 52

Loans Mortgages Equity Construction 52

Real Trends

OCTOBER 21, 2022

The bottom line, they won’t be flooding the market with new construction. Inventory increased last time largely due to factors that are not present in today’s market Adjustable rate mortgages caused homeowners to no longer afford payments and not be able to refinance out of that situation. Knowledge equals confidence.

New Construction 105

New Construction Equity Short sale Construction 105

Zillow Market Reports

MARCH 11, 2024

Mortgage rates are notoriously hard to predict, and for many households, the prospect of potentially lower rates may not be worth waiting for. New listings are coming on strongest compared to last year in the South – especially Texas and Florida. The typical monthly mortgage payment, assuming 20% down, is $1,809.

Marketing 92

Marketing New Construction Construction Mortgages 92

Broke Agent Media

MAY 25, 2023

Today’s home buyers are faced with mortgage rates hovering around 7% along with still-high home prices across the country. From 2003 through 2006, there was a “tremendous amount of overbuilding,” coupled with mortgage loans given out to just about anyone. What hasn’t happened over this period has been enough new construction.

Construction 98

Construction New Construction Equity Mortgages 98

Propmodo

APRIL 23, 2024

Projects were larger in 2023, and the loans filled larger pieces of borrowers’ construction budgets because they could raise capital quickly. Traditional lenders aren’t writing as many checks for new construction projects, and PACE has filled the void. Only three loans have yet to be administered in New York City.

Lending 62

Lending Commercial Finance New Construction 62

Realty Biz

JULY 20, 2022

Though, you will need to pay private mortgage insurance with down payments of less than 20%, increasing your monthly outgoings. One of the reasons FHA mortgages are so popular is their lower credit scoring requirements than other loan programs. Mortgage insurance will be included in monthly payments with these programs.

Loans 129

Loans FHA loan VA loan Equity 129

Housing Wire

JUNE 10, 2022

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. This article comes at the same problem from a different angle: a mortgage application perspective. Finally, the last closely watched trend in the housing market is construction activity.

Construction 383

Construction Closing New Construction Agents 383

Realty Biz

OCTOBER 21, 2023

From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Development financing for larger new construction projects and alternative financing approaches should also be considered.

Loans 108

Loans Finance Construction Commercial 108

GeekEstate

SEPTEMBER 23, 2022

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. Once builders start trimming jobs en masse , construction will see a housing-related recession. Resume mortgage forbearance. Our belief?

Construction 64

Construction New Construction Lending Equity 64

Broke Agent Media

MARCH 6, 2023

63% of the panel expect the 30-year fixed mortgage rate to hit its highest point for this year in Q1, with the median respondent expecting a 6.0% Expert panel forecasts for home prices, home sales & mortgage rates High mortgage rates have had predictable consequences for property values and home sales across the U.S.,

New Construction 94

New Construction Mortgages Sales Development 94

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). We applaud HUD’s efforts in trying to change the requirements for HECMs to be more in line with the requirements of the forward mortgage industry.

VA loan 415

VA loan Principal Loans New Construction 415

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. by year's end.

Construction 52

Construction New Construction Mortgages Equity 52

RIS Media

MARCH 18, 2022

She added, “Builders are working feverishly to get new construction and move-in ready homes on the market, but it’s going to take time for inventory to rise enough to curb runaway price growth. Homeowners may be worried about rising interest rates, since they make a new mortgage considerably more expensive.

Residential 98

Residential New Construction Equity Construction 98

HomeLight

AUGUST 28, 2020

As if mortgage rates aren’t confusing enough , lenders had to throw discount points into the mix. What are points on a mortgage loan, anyway? Many lenders now give you the option to buy down your mortgage interest rate through discount points, saving you money over the life of your home loan. Mortgage rate. No points.

Mortgages 89

Mortgages Loan Officer Loans Seller concession 89

Redfin

JULY 14, 2023

Building equity Owning a home provides a unique opportunity to build equity over time. Equity represents the difference between the market value of your property and the remaining balance on your mortgage. Maintenance costs With homeownership comes the added responsibility of maintaining your home and property.

Equity 48

Equity Fixed-rate mortgage Closing costs Inspection 48

McKissock

DECEMBER 10, 2021

They look at forecast models from seven different industry leaders: Zillow, Goldman Sachs, Redfin, Corelogic, Fannie Mae, Freddie Mac, and the Mortgage Bankers Association. “Higher mortgage rates will end double-digit price growth and new listings will hit a 10-year high,” predicts Redfin.

Marketing 79

Marketing New Construction Equity Construction 79

Realty Biz

AUGUST 23, 2022

With buyers’ purchasing power diminished by nearly two years of double-digit price growth and higher mortgage rates, competition for homes is dropping off. ’ 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.”

Marketing 87

Marketing New Construction Equity Construction 87

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. Same for where mortgage rates land, up in the air. While owner equity tends to be up, monthly expenses continue as equity on paper doesn’t pay the bills. Why move now?

Equity 52

Equity Renovation New Construction Land 52

Redfin

JULY 27, 2023

Advantages of buying a home in Raleigh Building equity Homeownership presents a unique opportunity to build equity over time. As homeowners make mortgage payments, they gradually accumulate equity, representing the difference between the property’s market value and the remaining loan balance.

Equity 50

Equity Due diligence New Construction Closing costs 50

Broke Agent Media

MAY 16, 2023

In fact, homes are selling more quickly in 2023 than in 2019—a year that brought an increase in new construction , improved affordability , and a boost in home purchases. Only 43% of postponers have at least 50% equity in their homes, while 53% of active movers have 50% or more. Source: Opendoor Across the U.S.,

Marketing 98

Marketing Purchase and sale agreement Construction Equity 98

Realty Biz

DECEMBER 18, 2021

Specific to real estate, inflation is going to drive both higher mortgage rates and higher property values. Even if the pace of construction picks up, new construction (supply) will be more expensive due to inflation. In comparison, a person paying $360,000 for a home today will have a mortgage payment of $1,650.

Fixed-rate mortgage 81

Fixed-rate mortgage Investor Mortgages Construction 81