Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

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Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

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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. In short, they are considered brand new.

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Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? Should they consider new construction? Managing the transaction between pending and closing can be the most challenging part of the process.

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HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. When it comes to closing costs, the Peach State is one of the friendlier parts of the U.S. to purchase a home in.

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Realtor.com

NOVEMBER 7, 2022

to “Purchase before X date, and we’ll pay all of your closing costs.”. Many happen at the initial launch to help generate buzz for a new community and get the first few residents on board. Builders often work closely with certain lenders because they want to know that the loan will close without delay once the home is completed.

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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.

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Closing costs Closing Inspection Loans 73

HomeLight

APRIL 13, 2023

You successfully negotiated an affordable price for a Nebraska home and are ready for closing. For the final tabulation in determining the cost of your new house, you subtracted the down payment. But did you remember to add closing costs? So, how much are closing costs in Nebraska? Who pays for closing costs in Nebraska?

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Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. The Detroit-based lender closed the second quarter with $900 million cash-on-hand and $6.4

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Housing Wire

AUGUST 18, 2023

New construction in the area that competes with your potential listing Remember when builders provide in-house financing, they often can sell a more expensive home for the same payment as your resale. Know what’s going on with the new construction! This will help you become more confident in your pricing strategy.

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Marco Santarelli

MAY 11, 2024

Local factors like job markets, industry presence, and the pace of new construction can significantly influence housing trends within a particular state or even a metropolitan area. Additionally, programs that assist first-time homebuyers with down payments or closing costs can make homeownership a more attainable goal.

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American Lifestyle

APRIL 2, 2021

The post Looking for New Construction? Here’s What to Keep in Mind appeared first on American Lifestyle Magazine.

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Housing Wire

JUNE 30, 2022

With 35 years of experience in the mortgage business, Flagstar has reputation for successfully navigating the ebb and flow of an ever-changing housing market. We’re well-capitalized and committed to mortgage, particularly the broker channel. Lee Smith: EVP, President of Mortgage. Our brokers are our partners. “We

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Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers.

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Housing Wire

FEBRUARY 18, 2022

from December and mortgage rates shot up 30 basis points. percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern,” said Joel Kan, the Mortgage Bankers Association’s AVP of economic and industry forecasting. “While the 6.7

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Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Housing Wire

FEBRUARY 4, 2021

Qualify for the lowest mortgage rate you can. Fortunately, record-low mortgage rates can help offset those rising prices — that is, if you can snag them. A mortgage pre-approval is non-negotiable in this environment. Need a real estate agent? Here’s how to pick the right one. just this year. The long and short of it?

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Housing Wire

AUGUST 7, 2023

Results mean trackable, profitable, closed business. Strong agents know where the new construction is being built and they know what’s happening with mortgages. They’re seeking out new ways to be able to help more people in a variety of circumstances. Not just leads, impressions or likes.

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Marco Santarelli

JUNE 14, 2024

According to a Redfin survey , several Florida cities are seeing an increase in housing inventory, including a significant rise in new construction. For buyers, the surge in new construction is a silver lining. ” However, sellers face challenges due to the rise in new supply coupled with high mortgage rates. .”

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Marco Santarelli

APRIL 6, 2024

in homes for sale, closely followed by Austin, TX, with 18.1%. Mortgage Rate Dynamics: As mortgage rates climbed to generational highs last year, many homeowners found themselves hesitant to relinquish their existing low rates. Where Recovery Takes Root San Antonio leads the charge with a remarkable surge of 27.1%

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Redfin

AUGUST 25, 2020

A surge in homebuilding before the pandemic is now driving growth in new-home sales. A shift to the suburbs and record-low mortgage rates are also contributing factors. Meanwhile, the supply of new-construction homes for sale slid 28.4%, representing the largest drop since at least 2013, when Redfin began recording this data.

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Marco Santarelli

MAY 11, 2024

Data from the National Association of Realtors (NAR) reveals a surprising trend: over 90% of metro areas across the country experienced rising home prices in the first quarter, despite persistently high mortgage rates that currently range between 6.6% This upward trend is cause for both optimism and cautious analysis.

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Housing Wire

JANUARY 6, 2022

The majority of the supply of homes for sale come from existing homes, not new construction. Furthermore, while rising equity may prompt some existing homeowners to move out and up in 2022, many owners were able to refinance into rock-bottom mortgage rates over the course of the pandemic. What about existing homes?

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Construction New Construction Equity Sales 493

Marco Santarelli

MAY 7, 2024

A recent survey by the New York Fed has sent shivers down the spines of aspiring homeowners. The survey paints a picture of consumers anticipating a dramatic rise in mortgage rates, potentially reaching a staggering 10% within three years. in mortgage rates within the next year, followed by an even steeper climb to 9.7%

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Mortgages Pre-approval Construction New Construction 52

Realty Biz

AUGUST 3, 2021

Silverton Mortgage , a leading direct residential mortgage lender, announced its newest partnership with clover & hive , a new home builder that offers a modernized and simplified approach to home buying with pricing starting in the low $300s. Vanderbilt Mortgage and Finance, Inc., Silverton’s 36th location.

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Mortgages Residential Loans Banks 103

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 Next, the house is new. They might use a bridge loan to borrow their equity, close on the next home and then sell the old one.

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Marco Santarelli

OCTOBER 26, 2023

In the realm of real estate, the desire for mortgage rates to return to the 3% range and bidding wars for new listings may remain unfulfilled. Buyers and sellers are closely watching mortgage rates. Lisa Hill, a broker-associate, suggests that buyers should consider new construction due to low inventory.

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Marketing New Construction Construction Residential 88

Keeping Current Matters

NOVEMBER 10, 2021

All three indices mentioned above also show that while appreciation is in the high double digits right now, that price acceleration is beginning to level off ( see graph below ): Year-over-year appreciation is still close to 20%, but it’s clearly plateauing at that rate. Mortgage Bankers Association. Freddie Mac.

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New Construction Equity Construction Closing 245

Marco Santarelli

OCTOBER 22, 2023

According to a recent report by Fox Business , the housing market is facing several challenges, including persistently high mortgage rates and low inventory, which are discouraging potential buyers. One of the major factors contributing to this decline is the soaring mortgage rates, which currently stand at a staggering 7.63%.

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Sales New Construction Marketing Construction 52

Housing Wire

APRIL 28, 2022

Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates. per diluted share.” billion to $36.1

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Housing Wire

JUNE 10, 2022

This article comes at the same problem from a different angle: a mortgage application perspective. 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. HousingWire: What keeps you up at night and why? .

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Housing Wire

FEBRUARY 8, 2024

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales.

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Agents Construction Design Branding 367

Redfin

MARCH 30, 2021

All you want to do is move in, but first, you have a lot to schedule and arrange, and you’re wondering just how long it will take to close on your new home. Closing on a home typically takes 30-60 days, with several steps that need to be taken in order for a swift and smooth closing process.

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RIS Media

AUGUST 27, 2020

Low-interest mortgages may make purchasing a home possible for more buyers, but it doesn’t change their preferences. After mostly minor renovations, this home renovated through Curbio ‘s “Fix Now, Pay at Closing” program sold in 6 days for $63,000 over asking. Sellers Need to Stay Ahead of New Construction.

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The Residential Specialist

FEBRUARY 27, 2024

New construction is always seen as much more expensive. So, I took it upon myself to learn more about it and found that a new build may be expensive up front, but when we look at the one-, five- or 20-year projections, and after considering the new technology and energy efficiencies that builders add, it isn’t actually more expensive.”

Construction 97

Construction Inspection New Construction Residential 97

Marco Santarelli

APRIL 24, 2024

Demand continues to outpace supply in many areas, influenced by factors like millennial homeownership trends and a general lack of new construction. months Lending Standards: A Post-Crash Reformation The subprime mortgage crisis, a key driver of the 2008 crash, was fueled by loose lending practices.

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