Toronto Realty Blog

JULY 4, 2023

TorontoRealtyBlog Do you remember the good old days of pre-construction condominiums? I remember when, among other things, you could purchase a pre-construction condo with a mere 5% deposit. Nothing upon occupancy, and nothing until the condominium was set to close and you obtained a mortgage of 95% for the remaining amount.

Construction 76

Construction Development Brokerage Equity 76

Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

New Construction 126

New Construction Construction Development Renovation 126

Housing Wire

JULY 20, 2023

Build a home instead of chasing after the scarce resale inventory 30% of available homes are new construction, so there are several advantages to this option. Builders are closing loans in the 4.5 Your client can get their home on the market a few months before construction is complete and not have to move twice.

Equity 276

Equity MLS Construction Agents 276

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year. Barnes said.

Loans 381

Loans Renovation Construction Mortgages 381

Housing Wire

JULY 25, 2022

The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. The bank offers conventional loans, FHA , VA , USDA , construction, bridge loan, cash-out refis, home equity, land and mobile home loans, according to its website. 5, according to the document reviewed by HousingWire.

Banks 341

Banks Loan Officer Loans Lending 341

Realtor.com

JANUARY 2, 2023

While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical.

Loan Officer 388

Loan Officer Mortgages Loans Closing costs 388

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor. What about existing homes?

Construction 493

Construction New Construction Equity Sales 493

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. While some fees are only a few hundred dollars, the final closing costs can run into the thousands.

Closing costs 78

Closing costs Closing Inspection Loans 78

Norada Real Estate

JANUARY 27, 2023

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.

New Construction 52

New Construction Construction Probate sale Investor 52

Housing Wire

SEPTEMBER 22, 2022

During the past 18 months — when refis were low-hanging fruit — the LO closed around $3 million a month. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. Next month I’m expecting to close $400,000 and nothing lined up for November,” she said.

Mortgages 377

Mortgages Loan Officer Loans Equity 377

Housing Wire

FEBRUARY 18, 2022

Garage doors are taking months to arrive, delaying closings. Homebuilders are still struggling to obtain lumber, windows and appliances. The good news is there are several directions from which more supply may come, said Matthew Speakman, an economist at Zillow.

Sales 404

Sales New Construction Equity Construction 404

Housing Wire

JANUARY 11, 2023

Milo, which offered mortgages of up to $5 million, launched a crypto-refi product in September 2022 and reportedly closed $10 million in cryptocurrency mortgages in July of last year.

Lending 414

Lending Mortgages Marketing Loans 414

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The White House estimates that this “will raise an additional $3.79

Construction 529

Construction Closing costs Renovation Title 529

Housing Wire

OCTOBER 21, 2021

The Affordable Housing Program (AHP) requires that each of the 11 FHLBanks in America contributes 10% of the preceding year’s net income to the purchase, construction, or rehabilitation of homes. The resources help families with 80% or less of the area median income for down payments or closing costs, for example.

Banks 331

Banks Loans Equity Finance 331

Housing Wire

JUNE 23, 2021

In fact, equity gained through homeownership is a primary means for Americans to accumulate wealth—especially for Black households, according to the Urban Institute. One of these solutions is our titlegenius offering that launched in Florida in May, which empowers consumers to shop for and save on title and closing services. .

Marketing 383

Marketing Construction Industrial Mortgages 383

Marco Santarelli

APRIL 6, 2024

in homes for sale, closely followed by Austin, TX, with 18.1%. However, persistent demand may have finally incentivized some to capitalize on their home equity, facilitating downsizing or relocation. Adaptation in Construction: The construction industry, faced with challenges precipitated by the pandemic, has adapted remarkably.

Marketing 102

Marketing New Construction Construction Equity 102

Housing Wire

NOVEMBER 16, 2020

Though housing didn’t take center stage during the 2020 election season, those who work in affordable housing were keeping a close eye on the race, and are now looking expectantly at President-elect Joe Biden’s $640 billion housing plan originally proposed in February. To do so, Biden’s plan would invest $640 billion over 10 years.

Construction 518

Construction Industrial Development Lending 518

Marco Santarelli

MAY 11, 2024

Home Equity Softening, Not Disappearing The report highlights a slight decrease in the percentage of homes considered “equity-rich,” where the loan value is less than half the estimated market value. This signifies that homeowners, by and large, still hold a healthy level of equity in their properties.

Mortgages 96

Mortgages Marketing Equity Pre-approval 96

Housing Wire

JUNE 10, 2022

There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. HousingWire: What are 2-3 trends that you’re closely following? . Stacy Esser: First, rising interest rates are one of the most closely watched trends in the housing market.

Construction 380

Construction Closing New Construction Agents 380

Calculated Risk Real Estate

JANUARY 22, 2024

With the exception of Debt Financing (66), which turned positive this quarter, the Market Tightness (23), Sales Volume (34), and Equity Financing (44) indexes all came in below the breakeven level (50). Fourteen percent reported more availability of equity financing than three months ago, up from 0% last quarter.

Marketing 69

Marketing Equity Finance Construction 69

Keeping Current Matters

NOVEMBER 10, 2021

The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity. Most experts believe that as more housing inventory comes to market (both new construction and existing homes), the supply and demand for housing will come more into balance.

New Construction 246

New Construction Equity Construction Closing 246

HomeLight

JULY 11, 2023

In this guide, we’ll fill you in on everything you need to know about selling a house with a lien and the steps to take to get to the closing table. In order for the sale to occur, the title company ensures that any liens are satisfied at closing so the buyer can take title free and clear of any liens.”

Title 117

Title Title search Equity Construction 117

Realty Biz

OCTOBER 21, 2023

Development financing for larger new construction projects and alternative financing approaches should also be considered. A spec home is a newly constructed residential property built by a developer or builder without a buyer already in place. What is a Spec House? The definition of a spec house is straightforward.

Loans 108

Loans Finance Construction Commercial 108

Realty Biz

FEBRUARY 19, 2024

Can you imagine buying a lot only to discover it has crept too close to the neighboring lot line? For example, it is common for conservation boards to ask builders to put up siltation fences during construction. Do You Need a Land or Construction Loan? If you plan to build immediately, you'll want to utilize a construction loan.

Land 126

Land Due diligence Title search Finance 126

Lighter Side of Real Estate

JUNE 15, 2022

The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you’ve built up some equity. According to data in this realtor.com article , the number of existing homes for sale is up 15%, and new construction is up 5%. Lots of equity built up.

Equity 145

Equity New Construction Construction Sales 145

Toronto Realty Blog

MARCH 28, 2024

Those who know me – at least, through TRB, are fully aware of my thoughts on pre-construction condos, the pre-construction condo industry, and the way that pre-construction condos are sold and eventually built. Your “Buying Pre-Construction Condos and CAKE!” That made sense, right? It made sense.

Pre-qualification 76

Pre-qualification Marketing Construction Development 76

Housing Wire

DECEMBER 27, 2021

Manufacturing production declined to the lowest level since 1946 and new home construction saw the biggest decline in nearly 40 years. Meanwhile, as of October, close to 17% did not make all their monthly payments and exited forbearance without a loss mitigation plan. That’s the group we’re going to be watching,” said Walsh.

Mortgages 335

Mortgages Equity Construction Closing 335

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We

Marketing 404

Marketing FHA loan Loans Mortgages 404

HomeLight

APRIL 28, 2022

While having to spend time at home during the COVID-19 pandemic wasn’t exactly new territory for Solis, she did feel her walls slowly starting to close in as the days slipped away. “I When she explained that she didn’t have a lot of cash to buy a home, the agent recommended HomeLight Trade-In as a way to tap into her existing home’s equity.

New Construction 83

New Construction Construction Equity Agents 83

Housing Wire

DECEMBER 16, 2021

More specifically, that means targeting an unemployment rate close to 4%, inflation close to 2%, and using regulatory tools to prevent unsound lending or other financial imbalances. The Federal Reserve aims to meet three goals: reach full employment, keep inflation low and maintain a stable financial system. What if it doesn’t?).

Mortgages 448

Mortgages Marketing Industrial Equity 448

Housing Wire

JANUARY 6, 2023

As a mortgage banker who does business solely in New Jersey, Gallo expects to see home equity loans and mortgage loans getting love in the new year — due primarily to the lack of inventory in his market and the equity built up in owners’ homes. Some LOs have or plan on getting licenses in multiple states to close more sales.

Loan Officer 372

Loan Officer Loans Equity Mortgages 372

Brownstoner

OCTOBER 2, 2023

An affordable housing lottery has launched for 230 apartments in an under-construction two-tower high-rise on the waterfront in Greenpoint.

Land 114

Land Construction Development Closing 114

Broke Agent Media

MAY 16, 2023

In fact, homes are selling more quickly in 2023 than in 2019—a year that brought an increase in new construction , improved affordability , and a boost in home purchases. Only 43% of postponers have at least 50% equity in their homes, while 53% of active movers have 50% or more. Source: Opendoor Across the U.S.,

Marketing 98

Marketing Purchase and sale agreement Construction Equity 98

Realty Biz

SEPTEMBER 29, 2021

News from premier shared equity innovators EquiF i and global credit/asset management company Palisades Group partnering has prompted RealtyBiz’s tighter focus. Having your wealth over concentrated in home equity is just as bad as having all your investments in one stock. That leaves more discretionary income to save outside the home.

Equity 104

Equity Finance Investor Design 104

Broke Agent Media

MAY 25, 2023

Next up with the issue of time, which is closely linked to the baseline but is independent from the mind of the consumer. If you bought in 2000, and you had to sell in 2007/2008, it’s very likely you still had some real equity. 3 — Construction has not kept up with demand. #2 — It depends on your time horizon.

Construction 98

Construction New Construction Equity Mortgages 98

GeekEstate

OCTOBER 29, 2021

are up 16% year-over-year, interest rates remain near historic lows and housing construction starts are up meaningfully for the first time in more than a decade (for more detail on this, see my recent housing market update ). In the second quarter of 2021, homeowner equity grew by nearly $3 trillion, according to CoreLogic.

Technology 135

Technology Marketing Purchase and sale agreement Equity 135