Housing Wire

NOVEMBER 15, 2023

However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 450

Sales New Construction Staging Mortgages 450

Housing Wire

JULY 18, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. This is the index’s highest reading since June 2022.

Sales 345

Sales Construction New Construction Finance 345

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.

New Construction 110

New Construction Construction VA loan Finance 110

Realtor.com

NOVEMBER 17, 2022

Compare that with a preexisting home’s median price of $396,300 , and it’s clear that buying brand-new might set you back tens of thousands of dollars extra. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics. .

New Construction 126

New Construction Construction Development Renovation 126

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

New Construction 52

New Construction Construction Inspection Finance 52

Housing Wire

NOVEMBER 22, 2023

This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.” New construction starts and permits showed surprising strength in October while existing-home sales slumped to their worst reading since 2010.

Mortgages 441

Mortgages New Construction Construction Sales 441

Housing Wire

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. Know what’s going on with the new construction! Have the new build salespeople explain their different mortgage plans to you. What is motivating the sale?

Pre-qualification 364

Pre-qualification New Construction MLS Construction 364

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

Realtor.com

NOVEMBER 7, 2022

. “You will find these incentives explained on websites, social media, signs, and other places a builder might advertise to the public,” explains Kimberly Mackey , founder of New Homes Solutions and a sales and marketing management consultant specializing in residential homebuilding.

New Construction 76

New Construction Construction Finance Closing costs 76

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. The number of existing home sales reflects how the housing sector has been impacted by the Fed’s interest rate policies. Existing home sales are down 19.9% year-over-year. About 9.1%

Mortgages 411

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 411

Housing Wire

JANUARY 18, 2024

However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist. Housing starts declined 9% in 2023, an indication that homebuyers looking to purchase a new construction home may continue to struggle with the lack of inventory this year.

Fixed-rate mortgage 527

Fixed-rate mortgage Mortgages New Construction Construction 527

Inman

FEBRUARY 16, 2024

Construction technology company Higharc closed a $53 million Series B round of financing led by Spark Capital and Pillar VC.

Construction 153

Construction Sales Technology Finance 153

Housing Wire

MAY 30, 2023

Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3% “As inventory remains a challenge in this market, so too will affordability be rocked by stubbornly high prices that aren’t looking to move drastically any time soon. increase in home prices in the first quarter of 2023 from the first quarter in 2022. House prices were up 0.5%

Mortgages 398

Mortgages Fixed-rate mortgage Construction New Construction 398

Housing Wire

JULY 27, 2023

The cost of financing a median-priced U.S. In addition, supply remains very tight: total existing home sales slipped 3.3% Year-over-year, sales dropped 18.9% Year-over-year, sales dropped 18.9% Some buyers have turned to new construction to secure a home, and builders are ramping up their workforces to complete projects.

Fixed-rate mortgage 334

Fixed-rate mortgage Mortgages Loans New Construction 334

Housing Wire

DECEMBER 12, 2023

This phenomenon becomes clearly apparent when compared to existing home sales, for which these buydowns are very rare. As shown in the chart below, existing and new home sales for the 19 largest home builders had roughly the same note rates until January 2022. As of July 2023, the gap had slightly narrowed to 0.8 2022 to Dec.

Debt-to-income ratio 393

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 393

Housing Wire

FEBRUARY 8, 2024

To begin with, his reputation for excellence is ironclad: over a decade of experience as a real estate broker and over $300,000,000 in total sales. In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals.

Agents 387

Agents Construction Design Branding 387

Housing Wire

AUGUST 3, 2023

Gain-on-sale margins posted for the second quarter of 2023 was 267 points, up from the previous quarter’s 239 points. Rocket’s share of the purchase business jumped to 55% in the first three months of 2023, according to data from Inside Mortgage Finance (IMF). Rocket generated $22.3 By channel, Rocket reported $12.4

Loans 328

Loans Mortgages Loan Officer Principal 328

Realty Biz

JULY 23, 2021

Existing home sales rose by 1.4% million units, following four months of declining sales. The sales numbers are based on transactions closed in the month, so they could be contracts signed in April or May, the National Association of Realtors reported. Sales are still up massively on an annual basis. month supply.

Sales 104

Sales Purchase and sale agreement Investor New Construction 104

Housing Wire

AUGUST 10, 2023

While sales of existing homes have been lagging, the challenge comes mainly from too many buyers chasing not enough available properties,” said Ratiu. million annual sales pace is a highlight of solid demand.” “Considering that prices have been rising over the past six months and mortgage rates have been pegged above 6.5%

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

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 404

Marketing FHA loan Loans Mortgages 404

Marco Santarelli

APRIL 21, 2024

This development comes on the heels of a challenging period, with existing-home sales plummeting to a near-30-year low in 2023 due to escalating costs. While prices for new construction and land remain robust, the condominium market is experiencing a downturn, driven in part by the burden of high mortgage rates.

Mortgages 105

Mortgages Marketing New Construction Land 105

Housing Wire

MAY 16, 2024

As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. In March the average home sale price in the U.S. SmartAsset noted that U.S.

Sales 351

Sales New Construction Construction Finance 351

Patch of Land

OCTOBER 26, 2018

It speaks to the increased rate of financed home flips in Q1 of this year and the rise of lenders expanding the fix-and-flip market. Flips purchased with financing rise to 9.5-year But, investors continue to find deals and set records while increasingly tapping the debt markets to finance their flips.

Finance 31

Finance Investor New Construction Lending 31

Real Trends

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. Private sales, for sale by owner and other sales not found in your MLS could be really good comparable homes, so ask good questions and don’t just assume your seller is overpriced.

Pre-qualification 88

Pre-qualification New Construction MLS Construction 88

The Residential Specialist

FEBRUARY 27, 2024

New construction is always seen as much more expensive. So, I took it upon myself to learn more about it and found that a new build may be expensive up front, but when we look at the one-, five- or 20-year projections, and after considering the new technology and energy efficiencies that builders add, it isn’t actually more expensive.”

Construction 97

Construction Inspection New Construction Residential 97

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. decrease from the revised January rate of 664,000 sales, it also marks a 5.9% At the current sales pace, there is an 8.4-month

Sales 393

Sales New Construction Construction MLS 393

Realtor.com

DECEMBER 20, 2022

Then, quite suddenly, the market seemed to seize up and prices and sales began falling. Something new and dramatic would likely be necessary in order to set off another collapse. Homes are now sitting on the market longer, more sellers and builders are slashing prices, and sales are evaporating. Sound familiar?

Marketing 113

Marketing Construction Investor New Construction 113

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. First, many builders are buying down interest rates using their in-house financing. Next, the house is new. Builders are closing loans in the 4.5 range currently!

Equity 282

Equity MLS Construction Agents 282

Realty Biz

DECEMBER 23, 2020

This can be the best time to make new investments if you don’t need immediate income from the property (that is the case when beginning new construction). Namely, that constructing a new property takes considerably longer than bringing most consumer products to market. Beginning expansion of new construction.

New Construction 99

New Construction Construction Investor Commercial 99

Housing Wire

OCTOBER 25, 2023

New home sales figures exceeded projections in September despite mortgage rates at 23-year high, declining mortgage applications and waning builder confidence. In September, the sales pace of new homes picked up considerably, up 12.3% On a year-over-year basis, new home sales were up 33.9%. It is down 5.4%

Sales 385

Sales New Construction Construction Finance 385

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Mortgage applications for new home purchases increased 20.6% It indicates that a larger share of first-time homebuyers are active in the new home sales market. from 56,000 new home sales in July.

New Construction 360

New Construction Construction Mortgages VA loan 360

RIS Media

MAY 30, 2021

It is easy to be lured by their friendly sales reps and attractive model homes, but who will be looking out for their interests after the contract is signed? Do not wait for buyers to mention new-home construction. Tell them about your buyer business and your clients’ potential interest in new construction.

Purchase and sale agreement 145

Purchase and sale agreement Construction New Construction Development 145

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 83

New Construction Construction Equity Agents 83

RIS Media

MAY 19, 2021

” What do they mean and how will they affect your home sale? Despite this, there can still be room to negotiate the conditions of the sale. Not all sales will have contingencies with them, but most will. Financing or Mortgage Contingencies. The majority of homebuyers use a mortgage to finance their purchases.

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Realty Biz

SEPTEMBER 27, 2023

Gina is known for her knowledge of new construction, interior design, and condo transactions. Prior to becoming a real estate professional, Cristina used her bachelor’s degree in Business Management to pursue successful ventures in the finance, public relations, and marketing industries of Manhattan.

Branding 98

Branding Brokerage New Construction Industrial 98

Housing Wire

NOVEMBER 27, 2023

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

Sales 378

Sales New Construction Construction Closing costs 378