Remove Banks Remove Closing Remove New Construction Remove Residential
article thumbnail

Mortgage rates might soar even higher

Housing Wire

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 419
article thumbnail

Benefits of Investing in New Construction Real Estate

Norada Real Estate

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. They are the owner and seller.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Silverton Mortgage partners with homebuilder Clover & Hive

Realty Biz

Silverton Mortgage , a leading direct residential mortgage lender, announced its newest partnership with clover & hive , a new home builder that offers a modernized and simplified approach to home buying with pricing starting in the low $300s. Department of Banking and Insurance, Licensed by PA Dept. We’re a great match.

Mortgages 103
article thumbnail

What Will the Real Estate Market Bring in 2024? Market Corrections or Rising Property Prices?

Realty Biz

Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. Bank Rates report the same declining trend in home prices. At the same time, new constructions struggle to keep up with the market.

article thumbnail

Residential real estate activity picks up despite low inventory

Housing Wire

Demand from the buyer side has remained steady or increased, however, and new home builders have responded to inventory shortages by increasing speculative inventory production, according to the Federal Reserve Beige Book, released Wednesday. New York – The residential sales market has been strong across the District.

article thumbnail

Housing Market Crash: Wells Fargo’s 1980s Recession Warning

Marco Santarelli

As concerns grow, investors are advised to closely monitor the housing market's unpredictable fluctuations. The central bank has indicated that it will maintain elevated borrowing costs well into 2024 to combat inflation. However, this move is expected to lead to declines in construction and overall housing market activity.

article thumbnail

Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

Related Articles 7 Critical Parts of Every Real Estate Investment Business Plan How Smart Investors Decipher & Respond to Real Estate Market Cycles 9 Skills Agents Need to Work With Investors & Close 50-100 Deals a Year Is Right Now Really a Good Time to Invest in Real Estate? It’s a fair question! Consider the 2008 recession.

Investor 116