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 450

FHA loan Bankruptcy Marketing Loans 450

Housing Wire

DECEMBER 2, 2020

Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. But if a vaccine is rolled out quickly, it could lead to “better than expected sales” and an increase in home prices and inventory.

Marketing 525

Marketing Construction New Construction Equity 525

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.

New Construction 52

New Construction Construction Probate sale Investor 52

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. You can’t buy what’s not for sale. It’s not all bad news, however.

Construction 500

Construction New Construction Equity Sales 500

Keeping Current Matters

MARCH 10, 2021

Home sales and prices were both up substantially over the year before. 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.”. Some may think new construction is filling the void.

Equity 261

Equity New Construction Construction Short sale 261

Marco Santarelli

APRIL 6, 2024

in homes for sale, closely followed by Austin, TX, with 18.1%. Mortgage Rate Dynamics: As mortgage rates climbed to generational highs last year, many homeowners found themselves hesitant to relinquish their existing low rates. Where Recovery Takes Root San Antonio leads the charge with a remarkable surge of 27.1%

Marketing 111

Marketing New Construction Construction Equity 111

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

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 410

Marketing FHA loan Loans Mortgages 410

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

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 285

Equity MLS Construction Agents 285

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. The recent surge in prices is the result of heavy buyer demand and a shortage of homes available for sale. Mortgage Bankers Association. What’s happening with home prices right now?

New Construction 244

New Construction Equity Construction Closing 244

Real Trends

OCTOBER 21, 2022

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market. Is the bubble bursting?

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. from last year.

Marketing 92

Marketing New Construction Construction Mortgages 92

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 384

Construction Closing New Construction Agents 384

Broke Agent Media

MARCH 6, 2023

Experts also forecast a slide in home sales to 4.2 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% Lower mortgage rates in January brought a surge in buyer demand , which cooled with the higher rates in February.

New Construction 94

New Construction Mortgages Sales Development 94

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. Inventory is low, ramping up competition for well-priced homes and, consequently, driving home sale prices up even more, with many selling over the final list price. million to possibly 5 million new homes.

Construction 98

Construction New Construction Equity Mortgages 98

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. Projections indicate a significant 14% drop in the number of existing homes for sale in 2024 compared to the current year.

Construction 52

Construction New Construction Mortgages Equity 52

RIS Media

MARCH 18, 2022

Key findings: There are roughly 730,000 houses currently for sale in the U.S., Sales in 2022 are forecast to rise 4.8% above those in 2021, which was the best year for sales since 2006. More homes transacted last month than in either February 2019 or February 2020, though sales are 11% lower than in 2021. compared to 1.4

Residential 98

Residential New Construction Equity Construction 98

Hank Miller Team

NOVEMBER 15, 2022

The charts below show the number of homes for sale in the “Atlanta” market looking back three years by quarters and one year by month. Influencing the Number of Atlanta Homes for Sale Several factors combine to influence the number of homes for sale in a market. Same for where mortgage rates land, up in the air.

Equity 52

Equity Renovation New Construction Land 52

Broke Agent Media

MAY 16, 2023

Given 72% of sellers are also buyers, it’s not earth-shattering news that both sides are often willing to see things from the other side’s perspective—and make concessions to speed things along. After all, the harder it is to buy a home, the more difficult it is for buyer-sellers to move ahead with a sale.

Marketing 98

Marketing Purchase and sale agreement Construction Equity 98

Redfin

JULY 14, 2023

If you’re considering buying a home in Birmingham, it’s important to know the median sale price for a home is $255,000. In 2022, the average home price was around $300,000 and today the median sale price is around $255,000. Building equity Owning a home provides a unique opportunity to build equity over time.

Equity 50

Equity Fixed-rate mortgage Closing costs Inspection 50

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

Redfin

JULY 27, 2023

If you’re looking at Raleigh’s housing market you’ll find the median sale price for a home is $425,000 while the average rent price in Raleigh is $1,100 for a 1 bedroom apartment and $1,327 for a 2-bedroom. Advantages of buying a home in Raleigh Building equity Homeownership presents a unique opportunity to build equity over time.

Equity 52

Equity Due diligence New Construction Closing costs 52

RIS Media

SEPTEMBER 29, 2020

Business Consulting: In an industry beset by shrinking margins, @properties will focus on helping its franchisees drive profitable growth through agent-recruiting and retention programs, enhanced business operations, and affiliated services such as mortgage, title and development sales and marketing (@properties is Chicago’s No.

Purchase and sale agreement 103

Purchase and sale agreement Brokerage Branding Technology 103

Lab Coat Agents

AUGUST 3, 2021

And while the May 2019 & 2020 Buyer who Closed or went Under Contract on a home had roughly 3.5 properties to choose from, the May 2021 Buyer had just shy of 2 houses on average to consider…and yet the same number of properties were taken off the market despite the amount of inventory available…because EVERY NEEDS A HOME.

Branding 98

Branding New Construction MLS Equity 98

Easy Agent Pro

JULY 7, 2020

Both the NAR and Mortgage Banker’s Association, on the other hand, see price increases in their crystal balls (3.8% Is there new construction inventory? The media loves to talk about the dearth of new residential construction. Zillow’s “economic research team,” for instance, sees a “… 1.8% respectively).

Construction 80

Construction New Construction Agents Equity 80

HomeLight

APRIL 20, 2023

Others, such as origination fees and interest, are directly related to obtaining a mortgage. Richie Helali , a licensed, senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for the mortgage.

Closing costs 79

Closing costs Closing Inspection Loans 79

HomeLight

SEPTEMBER 25, 2023

Explore a bridge loan and let your home’s equity help fund your next house in the short term. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 84

Equity Loans Debt-to-income ratio Home sale contingency 84

Broke Agent Media

MAY 18, 2023

median home sale price was $479,500. The median sale price dropped to $436,800 in quarter one of 2023, as fewer U.S. Source: Gallup The pessimism reflected in the latest poll is likely due to high home prices and high mortgage rates making monthly mortgage payments less affordable. population.

Agents 52

Agents Construction New Construction Marketing 52

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. New Home Supply. The monthly supply for new homes is currently at 3.3 If supply goes over 6.5

Construction 545

Construction Mortgages Sales Finance 545

Realtor.com

JANUARY 26, 2022

But in today’s wild and scary housing market—where prices seem to have no ceiling, mortgage rates are once again climbing, and the number of homes going up for sale is paltry—the answer is a bit more complicated than usual. That’s even more than the increase in for-sale home prices. mortgage rate): $1,796 .

Fixed-rate mortgage 105

Fixed-rate mortgage Mortgages As-is Construction 105

Realtor.com

JULY 9, 2021

Co-ops aren’t the only type of multifamily units that can be combined—condominiums can be joined as well, whether new construction or existing units. Melissa Cohn, executive mortgage banker at William Raveis Mortgage in New York, said that financing the combination of two or more apartments is generally done in one of two ways.

Pre-approval 94

Pre-approval Renovation Finance Construction 94

HomeLight

DECEMBER 31, 2021

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. As you map out your plans for 2022, you may be thinking of ways to keep building more equity or use what you’ve recently acquired. What is home equity in simple terms?

Equity 108

Equity Principal Loans Renovation 108

Housing Wire

APRIL 20, 2022

Wholesale lender Homepoint is becoming a broker of sorts…for mortgage brokers. The Ann Arbor, Michigan-based company has launched a referral program aimed at connecting mortgage brokers with regional homebuilders as well as homebuyers. The company sold $13.1

Loans 384

Loans Lending Construction Banks 384

Housing Wire

OCTOBER 23, 2023

He was not hired to restructure loanDepot and sell it, even though “every public company is for sale,” in his general opinion. Despite the fact that the market is so bad, we’re investing quite a bit of money in re-platforming and in some of the key point-of-sale systems. That’s new construction.

Technology 421

Technology Loan Officer Loans Lending 421

Realtor.com

DECEMBER 5, 2022

To close sales, more sellers are dropping asking prices than at any point in the past few years. Buyers simply can’t afford these high price tags now that mortgage interest rates have shot up. The portion of homes on the market with at least one markdown is now outpacing even pre-pandemic years. Median listing price: $585,000.

Marketing 96

Marketing As-is Closing Sales 96

The Close

AUGUST 4, 2023

The rule I train my inside sales agents (ISAs) to follow is a minimum of six to eight call attempts within two weeks. The way these leads usually find you is by literally typing “ homes for sale in {city} ” into Google and clicking on whatever comes up. Agent: That is wonderful, so you probably have some great equity?

Agents 111

Agents As-is Industrial New Construction 111