Remove Banks Remove Construction Remove New Construction Remove Principal
article thumbnail

New home sales rose by 9.6% in March

Housing Wire

“Buyers have begun to adjust to the elevated mortgage rate levels, especially in areas where home prices have adjusted downwards to compensate,” Kelly Mangold, the principal of RCLCO Real Estate Consulting , said in a statement. This represents 7.6 months of supply at the current sales pace.

Sales 400
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 405
Insiders

Sign Up for our Newsletter

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

article thumbnail

Fathom Realty Expands Leadership Team

RIS Media

Aviles caters to Spanish and English-speaking clients and specializes in assisting first-time home buyers, new construction projects and land purchases. She began her real estate career 16 years ago, focusing on new construction sales. He hopes to bring together a community based on trust, authenticity and transparency.

article thumbnail

9 Surprising Things Home Insurance Doesn’t Cover: Do You Know Them All?

Realtor.com

Don’t bank on your insurance company footing the bill for the following unfortunate situations. According to Trent, the builder’s risk policy covers only new construction, not the existing structure. Beyond that general framework, however, there’s no blanket guarantee you’ll be covered.

article thumbnail

What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

Monthly principal and interest payment. Certificates of occupancy are issued by a relevant building or zoning authority for the area, and while they’re a must for new construction homes, they’re often reissued when the property title changes hands. New construction documents. all that good stuff.”. Interest rate.

article thumbnail

16 Living Room Remodel Tips to Design Your Perfect Space

Redfin

New flooring, wall addition and removal, and fireplace construction require professional help. 10: But remember, remodels don’t have to break the bank. Griffith, Founder and Principal Designer at SG23 design , agrees. “Color or monochromatic, minimalist or maximalist, fall for what you love and mix them together.”. #9:

Design 74
article thumbnail

13 Tips For Buying a Rental Property in 2022

Norada Real Estate

A good rental property is fully refurbished or a new construction residential property. If you do it right, you can put yourself on the road to success with cash regularly flowing into your bank account. A bank or other lender will generally give you 80% of the purchase price.