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

Marco Santarelli

APRIL 6, 2024

in homes for sale, closely followed by Austin, TX, with 18.1%. However, persistent demand may have finally incentivized some to capitalize on their home equity, facilitating downsizing or relocation. Adaptation in Construction: The construction industry, faced with challenges precipitated by the pandemic, has adapted remarkably.

Marketing 111

Marketing New Construction Construction Equity 111

Housing Wire

JANUARY 9, 2024

Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.” This is unfortunate — and somewhat irrational — because homeowners who have or want to build an ADU are typically quite well-qualified with strong credit scores , income and solid home equity coverage.

Finance 481

Finance Construction Loans Renovation 481

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 523

Marketing Construction New Construction Equity 523

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 497

Construction New Construction Equity Sales 497

Keeping Current Matters

MARCH 10, 2021

Home sales and prices were both up substantially over the year before. As the next graph shows, there were too many homes for sale in 2007, and that caused prices to tumble. New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void.

Equity 258

Equity New Construction Construction Short sale 258

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. On the production side, the mortgage business is in recession because the levels of existing-home sales are back where they were at the end of the great financial crisis at around 4 million units. That’s very low historically.

FHA loan 446

FHA loan Bankruptcy Marketing Loans 446

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

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. What’s happening with home prices right now? What about next year?

New Construction 241

New Construction Equity Construction Closing 241

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. Fannie Mae's forecast also aligns with this outlook, expecting an increase in home sales transactions compared to the previous year.

Marketing 106

Marketing Equity Lending Construction 106

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

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

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 395

Loan Officer Mortgages Loans Closing costs 395

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

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. It’s an essential skill for anyone who wants to be successful in sales, coaching, and leadership. Finally, the last closely watched trend in the housing market is construction activity.

Construction 383

Construction Closing New Construction Agents 383

HomeLight

APRIL 28, 2022

“I remember looking online and I found a sweet little home — I’m used to buying new construction but this was an older house — so I clicked on it and the agent called me and we started talking,” says Solis. And there’s no uncomfortable transition period between homes because moving only happens after the new home has closed.

New Construction 96

New Construction Construction Equity Agents 96

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.” The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in 2022, the weakest showing since 2014.

Marketing 407

Marketing FHA loan Loans Mortgages 407

Zillow Market Reports

MARCH 11, 2024

New listings are coming on strongest compared to last year in the South – especially Texas and Florida. Substantial new construction in these areas is likely helping to free up existing homeowners and the market in general. The large generation of potential first time home buyers will be hoping new listings continue to climb.

Marketing 92

Marketing New Construction Construction Mortgages 92

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

Broke Agent Media

MARCH 24, 2023

housing market as well as the welcome increase in existing home sales, which rose for the first time in a year. Also discussed are the importance of lead conversion rates, property tax increases, future Fed rate hikes, and what agents should be discussing with buyers to maximize their home equity growth.

Equity 52

Equity New Construction Construction Agents 52

Broke Agent Media

MAY 25, 2023

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. If you bought in 2000, and you had to sell in 2007/2008, it’s very likely you still had some real equity. million to possibly 5 million new homes.

Construction 98

Construction New Construction Equity Mortgages 98

Broke Agent Media

MARCH 6, 2023

Experts also forecast a slide in home sales to 4.2 The results of the Zillow Home Price Expectations (ZHPE) survey are in, with economists and housing market experts weighing in with their forecasts on home prices, home sales, and mortgage rates for 2023 and beyond. from 2024 to 2027. million for 2023, down from 5 million in 2022.

New Construction 94

New Construction Mortgages Sales Development 94

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

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. Ignore the noise, look at the micromarket data. Why move now?

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

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. But that’s not what the aging baby boomer generation has for sale.

Equity 101

Equity New Construction Staging Construction 101

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.” Homes lingering on the market are driving for-sale inventory up at a fast clip. on a monthly basis, yet new inventory fell 13.6% Inventory is up 5.1%

Marketing 88

Marketing New Construction Equity Construction 88

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 54

Equity Fixed-rate mortgage Closing costs Inspection 54

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 55

Equity Due diligence New Construction Closing costs 55

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 102

Purchase and sale agreement Brokerage Branding Technology 102

HomeLight

APRIL 27, 2022

You’ll get the estimated value of your home, the relevant parts of a comparative market analysis, a list of top local real estate agents, and an estimate on a cash offer through HomeLight’s Simple Sale platform. The best way to ensure that you’re setting the best price for your house sale is to work with a top agent.

Renovation 104

Renovation Agents Sales Rent back 104

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

HomeLight

SEPTEMBER 25, 2020

If you’re at all handy, you might be thinking you can buy a home that needs a little work and put some sweat equity into the property, reaping the financial rewards when you sell. If you’re fixing things that are considered maintenance, like a new roof or a furnace, it isn’t going to make a huge impact on your resale value,” she says. “The

New Construction 75

New Construction Equity Construction As-is 75

RIS Media

JULY 8, 2021

According to a recent report from Redfin, in April, the median home sale price in the U.S. It’s a fast way to rack up negative equity. It doesn’t matter if it’s brand-new construction or a third-floor condominium.” increased 17% year-over-year to $341,250.

Inspection 98

Inspection New Construction Closing Equity 98

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 97

Equity Loans Debt-to-income ratio Home sale contingency 97

Easy Agent Pro

JULY 7, 2020

Is there new construction inventory? The media loves to talk about the dearth of new residential construction. Many have no idea how much equity they have and just how much they can make off the sale of their homes right now, and that can cause fear when it comes to buying a new home.

Construction 79

Construction New Construction Agents Equity 79

The Close

DECEMBER 27, 2022

Real estate sales by unit. Distressed sales will create a downward force on sales prices, especially for sellers who are forced to move. Further out, suburban areas begin to lose value as homebuilders continue to overbuild because new construction timelines are longer. Some areas may not recover in our lifetimes.

Investor 103

Investor Staging Marketing Banks 103