Housing Wire

OCTOBER 21, 2020

He said as builders work to replenish the supply with new homes, the most recent census data shows a 1.1 million annualized pace for new construction — the highest level since 2007. MBA Associate Vice President of Industry Analysis Joel Kan explained that current inventory rests at just a three-month supply.

Mortgages 406

Mortgages FHA loan Fixed-rate mortgage Loans 406

Housing Wire

JUNE 17, 2021

Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ? the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. By product type, conventional loans made up 743.9% in May to a rate of 1.57

Sales 497

Sales VA loan FHA loan Loans 497

Housing Wire

FEBRUARY 16, 2024

Mortgage applications for new homes surged in January as a lack of existing homes continued to fuel the demand for new construction. Mortgage applications for new home purchases rose 19.1% In January, conventional loans accounted for 64.5% of loan applications for new homes. The pace was up 16.9%

VA loan 419

VA loan FHA loan New Construction Loans 419

Housing Wire

APRIL 16, 2024

According to MBA estimates, new single-family home sales were at a seasonally adjusted annual rate of 615,000 units in March, the slowest annualized pace in four months, and a decrease of 10.7% from the February rate of 689,000 units. Federal Housing Administration (FHA) loans accounted for 26.4% of applications , U.S.

VA loan 412

VA loan FHA loan New Construction Loans 412

Housing Wire

JULY 26, 2021

New home sales continued to slip in June, falling 6.6% below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price. The median sales price of new houses sold in June 2021 was $361,800. The average sales price was $428,700.

Sales 417

Sales VA loan FHA loan Loans 417

Realty Biz

SEPTEMBER 23, 2023

How Buyer Agents Get Paid Buyer agents are typically compensated through a commission fee, a percentage of the property's final sale price. They analyze property values, market conditions, and comparable sales to help you submit a fair and competitive offer. Guidance on understanding the foreclosure or short sale process.

Purchase and sale agreement 73

Purchase and sale agreement Pre-approval Agents Pre-qualification 73

HomeLight

APRIL 14, 2023

Both buyers and sellers are responsible for certain fees and closing costs in a home sale transaction, which we’ll break down in more detail in the next section. For sellers, the lion’s share of the closing costs is the agent commissions, which are percentages of the home’s total sales price. Who pays for closing costs in Georgia?

Closing costs 101

Closing costs Closing Title Loans 101

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. First time buyers (54%) are more than twice as likely as repeat buyers (22%) to consider an FHA loan.

FHA loan 434

FHA loan VA loan Loans Finance 434

Housing Wire

OCTOBER 19, 2021

Based on data from the survey, MBA estimates that there were 66,000 new single-family home sales in September, compared to 71,000 new single-family homes a month prior, a 7% decrease. The estimated pace of new home sales decreased 3.5% The estimated pace of new home sales decreased 3.5%

VA loan 406

VA loan FHA loan Mortgages Loans 406

Housing Wire

AUGUST 22, 2022

“The slide in purchase applications for new homes – now down for the fourth consecutive month and 16% lower than a year ago – is consistent with data on declining homebuilder sentiment and slowing permitting activity for new construction.”. from the revised 56,000 new home sales in June.

VA loan 370

VA loan FHA loan New Construction Loans 370

Housing Wire

NOVEMBER 16, 2023

“We estimate that the pace of home sales increased for the third straight month to a 715,000-unit annual pace — the strongest sales month since May 2023.” FHA applications reached highest share of new-home applications since 2013 In October, FHA applications represented 26.3% from 51,000 sales in September.

Mortgages 453

Mortgages VA loan Loans New Construction 453

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

MAY 31, 2022

“Providing affordable housing, especially in large markets like Chicago, is vital,” said Kurt Carlton, co-founder and president of New Western. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”.

Mortgages 383

Mortgages Loans Lending Construction 383

HomeLight

APRIL 14, 2023

If the total amount of your closing costs plus your down payment is financially overwhelming, sometimes lenders will allow you to add the closing costs into the total amount of your loan, thus reducing the amount of cash needed at closing. Buyers typically pay : 2%-4% of the home’s price (this may be less if it’s a cash sale).

Closing costs 88

Closing costs Closing FHA loan Inspection 88

HomeLight

AUGUST 9, 2022

If you back out of the sales agreement and your reason for doing so isn’t covered by contingency written into the contract, the seller can keep your earnest money. Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. “So, The deal is done!

Earnest money deposit 105

Earnest money deposit VA loan Purchase and sale agreement FHA loan 105

Real Trends

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. First time buyers (54%) are more than twice as likely as repeat buyers (22%) to consider an FHA loan.

FHA loan 84

FHA loan VA loan Loans Finance 84

Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates.

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

RIS Media

SEPTEMBER 21, 2021

The details: According to MBA estimates using data from the BAS, new single-family home sales were running at a seasonally adjusted annual rate of 874,000 units in August 2021. Unadjusted, MBA estimates there were 71,000 new-home sales in August 2021—an increase of 10.9% from 64,000 new-home sales in July.

Mortgages 102

Mortgages VA loan FHA loan Loans 102

Realtor.com

NOVEMBER 9, 2022

.” As home prices hit new heights over the past few years, down payments in the tightest markets went up and up—a combination of sellers’ demands and buyers’ tactics to beat out the competition. For single-family home sales, the average down payment jumped to a high of more than 14% of the purchase price this year.

VA loan 111

VA loan FHA loan Loans Sales 111

HomeLight

AUGUST 31, 2021

The total 203(k) loan amount can be either 110% of the home’s estimated value after repairs are done, or for the sales price of the home, plus whatever estimated repairs will cost — whichever amount is lower. Another cap on the loan amount involves the regional FHA loan limit. Who is eligible for a 203(k) loan?

Loans 96

Loans FHA loan Pre-approval Finance 96

HomeLight

SEPTEMBER 1, 2022

Raymer says that for her clients, especially first-time buyers, she suggests an FHA loan, which only requires 3.5% FHA is really one of the best options,” she advises. An FHA loan is insured by the Federal Housing Administration and available from FHA-approved lenders. down payment.

Earnest money deposit 88

Earnest money deposit FHA loan Purchase and sale agreement Title 88

HomeLight

APRIL 14, 2023

With the median sale price of a single-family home in Florida coming in at about $395,000 , both buyers and sellers in the Sunshine State want the most value for their money. Loan type : According to the Appraisal Institute, FHA loans have additional requirements that can add time, so the cost of the appraisal can be higher.

New Construction 99

New Construction Agents FHA loan Construction 99

The Close

JUNE 15, 2022

FHA loans. FHA vs conventional loans. For sale by owner 32. Condos for sale 34. Duplexes for sale 35. Townhomes for sale 36. Short sale process. Cheap houses for sale 37. Waterfront homes for sale 38. New constructions homes 39. Multi-family homes for sale 40.

Closing costs 98

Closing costs Title Inspection Closing 98

Redfin

AUGUST 2, 2022

In other cases, only the home’s structure may be for sale, meaning you’ll likely pay rent for the moorage, similar to HOA fees. And if you’re considering a Federal Housing Administration (FHA) loan or a Department of Veterans Affairs (VA) loan, know that government-backed loans won’t finance a floating home.

VA loan 59

VA loan FHA loan Loans Design 59

Redfin

APRIL 21, 2023

The state has seen a significant increase in new construction, with builders developing homes in both urban and suburban areas to meet the demand for housing. Florida’s median sale price has been steadily rising in the last decade, with a significant spike in 2020-2021.

Pre-approval 62

Pre-approval Closing costs Title Loans 62