HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

New Construction 87

New Construction Construction Pre-approval Inspection 87

Housing Wire

MARCH 16, 2023

The pace of new construction had been picking up over the past two years. million new housing units were started, which is a little higher than the average annual new starts over the past five decades,” Lisa Sturtevant, the chief economist at Bright MLS, said in a statement. million in February, up 9.8% year over year.

Banks 410

Banks MLS Construction Finance 410

Housing Wire

JUNE 29, 2023

The 30-year fixed rate for conventional loans was 6.91% at Mortgage News Daily on Thursday morning, up one basis points from the previous week. New home sales have rebounded more robustly than the resale market due to a marginally greater supply of new construction. Other mortgage indexes also show rates slightly rising.

Mortgages 339

Mortgages New Construction Investor Construction 339

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. Of the 135 completed surveys, 26.6% were from the Northeast 16.3%

Mortgages 378

Mortgages Marketing Banks New Construction 378

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Balancing supply and demand is a delicate dance between new construction and existing properties.

Due diligence 346

Due diligence Marketing Mortgages New Construction 346

Housing Wire

AUGUST 3, 2023

Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added.

Land 366

Land Construction Development Finance 366

Housing Wire

APRIL 17, 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. However, this is still lower than the 62% reported in December.

Banks 366

Banks Sales New Construction Lending 366

Housing Wire

SEPTEMBER 22, 2022

Following the Fed’s decision to raise interest rates by an additional 75 basis points on Wednesday, the central bank said it will hike rates as high as 4.6% We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. Mortgage rates have nearly doubled to around 6.5%

Mortgages 405

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 405

Housing Wire

APRIL 20, 2022

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project. The lenders plan to launch in Nevada, New Mexico and North Carolina later this year.

Loans 358

Loans Lending Construction Banks 358

Housing Wire

JULY 25, 2023

Chicago (4.6%), Cleveland (3.9%) and New York (3.5%) posted the largest price gains. in April, according to Mortgage News Daily. With existing homeowners feeling reluctant to give up their record-low mortgage rates, builders have been all smiles as buyers turn to new construction. The 10-city composite gained 1.1%

Construction 280

Construction Mortgages New Construction MLS 280

Housing Wire

MAY 10, 2023

It shows about 50 people waiting in line at an open house in Mount Laurel, New Jersey. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. The house ended up having five offers and sold for $50,000 over ask. Sign up here !

Loan Officer 341

Loan Officer Pre-approval Marketing New Construction 341

HomeLight

SEPTEMBER 30, 2022

A new construction home — yours from the ground up, with no prior owners — sparkles with possibility. Here, we’ve enlisted the expert advice of top agents, industry insiders, and recent homebuyers to address key questions to ask when buying a new construction home. Should I hire an agent for new construction?

Construction 105

Construction Purchase and sale agreement New Construction Inspection 105

Housing Wire

JANUARY 10, 2022

And if three hikes in the federal funds target come to pass, initial rates on ARMs, HELOCs and construction loans (often linked to the bank prime) will likely increase from one-half to three-quarters of a percentage point. This article is part of our HousingWire 2022 forecast series.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

MARCH 26, 2024

The New York Fed’s Center for Microeconomic Data Quarterly Report on Household Debt and Credit evidences that the total household debt balances grew by $228 billion in the third quarter of 2023 across all types of debt. Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic.

Equity 418

Equity Loans Bankruptcy New Construction 418

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. “In the future, neighborhoods and towns, and eventually cities, will be built by robots and drones,” Ballard said. The present is different.

Construction 388

Construction Purchase and sale agreement Investor Land 388

Housing Wire

NOVEMBER 1, 2022

Since 2008, major banks have pumped over $25 trillion into the global economy. This trend shows no signs of slowing and adds pressure in markets where the housing supply is unable to keep pace with new population growth. SFR is an attractive option for those seeking a better quality of life amid a persistently tight housing market.

Fixed-rate mortgage 344

Fixed-rate mortgage Loans Banks New Construction 344

Housing Wire

NOVEMBER 30, 2021

New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Brokers across the U.S.

Lending 321

Lending Investor Loans New Construction 321

Housing Wire

SEPTEMBER 27, 2022

Over the weekend, Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said, “We are going to do all that we can at the Federal Reserve to avoid deep, deep pain.” However, a housing reset isn’t the only pressing issue — we now also have to think about a worldwide global recession. I can understand this mindset. million.

Banks 464

Banks As-is Construction Marketing 464

Housing Wire

MAY 5, 2022

As existing home owners potentially put the brakes on buying new homes or on refinancing their existing ones, lenders will rely more on first-time buyers to cut down on attrition during the slowdown. Top lenders will continue to capitalize on that, offering new products and technology that cater to younger buyers.

Mortgages 354

Mortgages Technology Lending New Construction 354

Housing Wire

APRIL 24, 2023

Roosevelt enacted the Federal Housing Administration (FHA) as part of the New Deal to provide small down payment home loans for working-class Americans. Most Americans believe that homeownership is the cornerstone of the American dream. Home equity is also the primary source of wealth for most Americans. In January, the U.S. The overall U.S.

Closing 326

Closing New Construction Loans Equity 326

Housing Wire

SEPTEMBER 22, 2023

While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% Elevated mortgage rates will lead to more lenders spilling red ink in the latter half of the year, in contrast to the improved financial performance of independent mortgage banks in Q2. We don’t know what third-quarter growth was.

FHA loan 424

FHA loan Bankruptcy Marketing Loans 424

HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

Agents 124

Agents New Construction Purchase and sale agreement Construction 124

Realty Biz

NOVEMBER 13, 2023

The Four Phases of the Real Estate Market Cycle The four phases of the real estate market cycle can be characterized as: Recovery The recovery phase typically begins after a low point in a recession phase, when occupancy and rental rates are low and new construction is stagnant. What Is the Real Estate Market Cycle?

Marketing 113

Marketing Investor New Construction Construction 113

Realty Biz

OCTOBER 21, 2023

Development financing for larger new construction projects and alternative financing approaches should also be considered. A spec home is a newly constructed residential property built by a developer or builder without a buyer already in place. What is a Spec House? The definition of a spec house is straightforward.

Loans 108

Loans Finance Construction Commercial 108

Real Trends

DECEMBER 9, 2022

A recent paper from the Federal Reserve Bank of Kansas City suggests a coming boom in new housing construction. And with more opportunity for land in less developed areas, buyers could have even more choice when it comes to buying new construction. . Lose that expensive energy bill. In 2015, more than 70% of U.S.

Construction 99

Construction New Construction Land Banks 99

Propmodo

APRIL 23, 2024

C-PACE deals have risen recently in lock-step with Federal Reserve rate increases that have slowed the pace of commercial bank lending. It provides long-term, fixed-rate, and non-recourse loans for up to 30 years for any aspect of real estate construction that enhances energy or water efficiency.

Lending 62

Lending Commercial Finance New Construction 62

Realty Biz

APRIL 19, 2024

Bank Rates report the same declining trend in home prices. Looking at Bank Rates, we notice different median home prices, yet the tendency remains the same. The question on everybody’s mind is whether property prices will drop in 2024. How long can the US real estate market sustain elevated home prices? Suppose rates move upwards.

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

Realtor.com

NOVEMBER 30, 2022

This is what homebuyers, home sellers, and renters can expect in the new year. ” Sellers don’t want to lower their asking prices too much after watching their neighbors make bank just a few months ago. And just in time, Realtor.com® ® is here to help them all figure it out with our annual housing forecast.

Mortgages 122

Mortgages New Construction Construction Sales 122

HomeLight

SEPTEMBER 26, 2022

Considering the ever-rising costs of existing homes and the lack of affordable housing in many areas, building new can seem very appealing. From exploring the tiny house movement to taking on the role of being your own contractor, each case study shows some interesting and innovative ways to build a home without breaking the bank.

Construction 143

Construction New Construction Land Inspection 143

Marco Santarelli

MAY 20, 2024

In fact, Freddie Mac predicts only a single rate cut by the central bank this year, and that won't happen until much later in 2024. This makes them hesitant to sell their properties, fearing they'll be forced to take on a new mortgage at today's much higher rates. So, what can be done to address this situation?

Mortgages 59

Mortgages Construction New Construction Closing costs 59

Broke Agent Media

MARCH 17, 2023

Even as builders continue to deal with stubbornly high construction costs and material supply chain disruptions, they continue to report strong pent-up demand as buyers are waiting for interest rates to drop and turning more to the new home market due to a shortage of existing inventory.

Construction 98

Construction Banks New Construction Loans 98

HomeLight

JANUARY 31, 2023

Find a Buyer's Agent To help you navigate the ins and outs of building in North Carolina, we spoke with Thomas Wohl , a highly-ranked real estate agent serving the Raleigh-Durham-Chapel Hill region with 29 years of experience, specializing in new construction, first-time home buyers, and relocations. behind Florida and Texas.

New Construction 79

New Construction Construction Land Design 79

Realty Biz

AUGUST 18, 2023

Everything is selling – existing single-family homes, pre-construction condominiums, new construction, and even land. Today, foreign buyers will see tons of new developments in progress with new construction from the $200,000-$500,000. Canada, the Netherlands, Germany, Colombia, and Brazil.

New Construction 69

New Construction Construction Development Land 69

The Close

MARCH 25, 2024

Here, I’ve compiled a list of green building trends—old and new—that you’ll see more of this year. Going green isn’t just a fad—it’s essential in every building. Homebuyers and property owners are now more committed to creating healthier living spaces and reducing their environmental impact and energy consumption.

Construction 97

Construction Design Technology As-is 97

Housing Wire

NOVEMBER 25, 2020

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. Many real estate investors were serendipitously ahead of this shift even before the pandemic started, driven by both affordability and an affinity for overlooked markets. 60%); Richmond County/Augusta, Ga. (56%);

Investor 545

Investor Marketing Renovation New Construction 545

The Close

JUNE 22, 2023

Well, the good news is that inventory is going to increase. Right now might seem like a frightening time to jump into real estate investing. But for value-seeking investors like myself, the scariest time to invest is actually in a good economy, when housing prices are rising at a blistering pace. It’s a fair question! and prices are down 1.7%

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

Housing Wire

OCTOBER 23, 2023

CEDAR CREEK, Texas — loanDepot is “fully committed” to return to profitability and “aggressively manage the cost structure” while investing in “automation and process improvement,” CEO Frank Martell said in an exclusive sit-down interview during HousingWire Annual earlier this month.

Technology 393

Technology Loan Officer Loans As-is 393