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Construction worker shortage has reached “crisis” levels

Housing Wire

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. million new hires for construction. Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed.

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Proprietary Capital completes acquisition of AFR, hires new COO

Housing Wire

In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. It also has a niche in construction and manufactured home loan programs. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

Lending 419
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Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions

Housing Wire

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. The post Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions appeared first on HousingWire. We’re well-capitalized and committed to mortgage, particularly the broker channel.

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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. In short, they are considered brand new.

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The non-QM outlook for 2022

Housing Wire

New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Fix and flip loans offer borrowers the ability to renovate and rehab older homes to make them more appealing to homebuyers once they’re placed back on the market.

Lending 402
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What Will the Real Estate Market Bring in 2024? Market Corrections or Rising Property Prices?

Realty Biz

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. At the same time, new constructions struggle to keep up with the market. As a result, builders and renovators sweat.

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These markets are attracting the most out-of-state real estate investors

Housing Wire

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. “A deal for me is a property I can buy for under $100,000, typically.”.

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