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Desperate for deals, mortgage pros get creative

Housing Wire

LOs do something new In an environment where every deal counts, some go niche. That’s why builders are utilizing closing cost incentives and temporary rate buydowns often funded by lenders. “If Some markets like New Jersey don’t have land to build new homes.

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Getting a Home Loan With Low or No Down Payment

Realty Biz

This type of mortgage can be used, not only, to buy homes in rural areas, but also for renovations, new constructions, and relocating a house. Money from this loan can be spent on a land purchase, and for connecting utilities. Along with zero down, it offers lower interest rates and closing costs.

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10 Steps for Navigating the New Construction Home Buying Process

HomeLight

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Have you weighed all the pros and cons of buying new? Pros of new construction.

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Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

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.

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The 10 Best Real Estate Markets for First-Time Homebuyers in 2023

Realtor.com

There are also condos, townhomes, and some new construction at “a good variety of price points,” says Johnson. bath Colonial is on the market for just over $300,000—and the seller is offering to help cover closing costs for those who pay full price. There are also condos and new construction.

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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

Other contributors to the quieter rental market: Strong new construction in the apartment industry, and fewer new households forming (two or more people living together). New construction fell as builders were left stuck with inflated inventory There were 1.41 million privately-owned new homes built in the U.S.

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How the U.S. Housing Market Was Rocked by COVID-19—and Where We Go From Here

Realtor.com

And, just maybe, buyers may no longer be pressured to do things that over a year ago would have seemed ludicrous: waiving inspections, agreeing to pay closing costs, and sometimes buying homes across the country via video calls, sight unseen. Frenzied, take-no-prisoners bidding wars might even quiet down into mere skirmishes.

Marketing 145