Remove Closing costs Remove Land Remove New Construction Remove Sales
article thumbnail

Desperate for deals, mortgage pros get creative

Housing Wire

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. Being on multiple builders’ lists is a way to rack up more deals for loan officers. “A

article thumbnail

What Costs Are Involved in Selling My House?

HomeLight

First-time buyers were responsible for 27% of those sales, down from 31% in May 2021. All-cash sales accounted for 25% of May transactions, up from the 23% recorded a year ago. Higher prices and mortgage rates conspired to slightly slow sales, which were down 2.6% closing costs. moving costs. Get Estimate.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Redfin

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. The spring homebuying season never happened , housing inventory remained historically low throughout the year, and sales plummeted. New York, NY $684,500 +0.4%

article thumbnail

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

Realtor.com

Their biggest draw is that all of these places offer more affordable homes for sale, compared with their regions of the country. Realtor.com considered the number of homes for sale per 1,o00 households and affordability measured by home prices compared with incomes of 25- to 34-year-olds in the 12 months ending November 2022.

Marketing 116
article thumbnail

A Guide to USDA Loans: A 0% Down Payment, Low-Interest Mortgage More Homebuyers Should Consider Now

Realtor.com

land is located within USDA loan–eligible boundaries, where about one-third of all Americans currently reside. Homes for sale listed on Realtor.com will typically indicate if they’re eligible for USDA loans.). Closing costs , legal fees, and other prepaid fees may typically be rolled into the loan balance and paid off over time.

Loans 95
article thumbnail

The Ultimate Guide to Buying a House in Florida

Redfin

The state has seen a significant increase in new construction, with builders developing homes in both urban and suburban areas to meet the demand for housing. Florida’s median sale price has been steadily rising in the last decade, with a significant spike in 2020-2021.

article thumbnail

I Need to Sell My House Fast in San Diego: What Are My Options?

HomeLight

In this guide, we will review the pros and cons of each approach to help you decide which makes the most sense for your home sale. Option 1: Sell your San Diego house fast for cash HomeLight’s Simple Sale platform can give you immediate access to the largest network of cash buyers in the U.S. The company has 4.6