Housing Wire

MARCH 20, 2023

Today, refinances (including cash-out home equity loans) have slowed to a 22-year low of approximately 10% of current loans originated. The effects of a frozen housing market will be felt far beyond the construction and mortgage industries. Allan Polunsky and Marty Green are principals at Polunsky Beitel Green, a Texas-based law firm.

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Banks Mortgages Fixed-rate mortgage Loans 368

Realtor.com

NOVEMBER 23, 2021

“These regions have two big advantages: The weather is relatively warm, and housing is more affordable, says Guy Berger , principal economist at LinkedIn. That’s been a huge boon for homeowners in the state, where two-thirds of all homes are equity rich. Denver, CO. New worker rate: 61.

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Industrial Equity As-is Principal 135

RIS Media

MARCH 25, 2022

In Northern New England, the spring selling season typically kicks off in March, but with only 30 days of supply, there aren’t enough homes to create a seasonal sales “spike” this year. Another shift noticed by the brokers who participated in the roundtable is that people are not interested in homes requiring significant sweat equity.

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Pre-approval Inspection As-is Principal 93

Toronto Realty Blog

APRIL 13, 2022

– Using Infrastructure Funding To Encourage More Home Construction. $43 43 Billion in new and existing federal funding over the next ten years that will be leveraged to encourage the construction of more homes for Canadians. – Speeding Up Housing Construction and Repairs For Vulnerable Canadians. My Take: Great!

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Construction Renovation Development As-is 88

Housing Wire

AUGUST 29, 2022

With gain on sale margins expected to be at around 30 to 60 bps in the third quarter, there’s no question UWM is losing money, analysts said. billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it.

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Equity Loan Officer Loans Mortgages 403

Keeping Current Matters

AUGUST 18, 2021

Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. Instead, it’s the lack of supply (homes available for sale). An article from the Wall Street Journal shows this is true for new home construction: “ Home builders have sold more homes than they can build.

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Equity Principal Sales Construction 254

Toronto Realty Blog

MAY 31, 2023

per month mortgage fee there’s principal and there’s interest. In the first year of the mortgage $6,067 of principal is paid down as $15,190 of interest is gone as a sunk cost. Here’s a sale from May of 2019 for a similar 1-bed, 1-bath in Liberty Village: A 20% down payment on a $550,000 purchase is $110,000.

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Fixed-rate mortgage Principal Investor Mortgages 14

HomeLight

JANUARY 29, 2021

A recent survey by Discover Home Equity Loans reveals that 23% of homeowners plan to pay for their renovation with a credit card, 18% with a home equity line of credit (HELOC), 13% with a home equity loan, and 7% with cash-out refinance. Construction loan. Owner-builder construction loan. Source: (Lukas / Pexels).

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Renovation Loans Equity Construction 97

Point2Homes

JUNE 23, 2021

In fact, if you have equity in your home but need money for retirement, a reverse mortgage can be one way to access these funds. A reverse mortgage is a loan that uses the equity in your home as collateral for the money the lender pays out to you. Alternatively, your estate could pay the principal borrowed along with the interest due.

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Mortgages Equity Principal Loans 106

Toronto Realty Blog

JANUARY 1, 2022

There are two reasons why we care about rental prices: 1) Because renting is a component of the real estate market, even if most of us only concern ourselves with sales. 4) Who is actually buying pre-construction condos? But I know pre-construction sales agents, I know developers, and I know financiers.

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Construction Investor Equity Land 101

HomeLight

OCTOBER 24, 2022

Remodeling Magazine estimates project costs using Clear Estimates remodeling software , creating detailed construction estimates for each project, and adjusting the cost for each market to account for pricing variations. Designed with sellers in mind, the tool also estimates the project’s return on investment by analyzing recent sales data.

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Renovation Loans Equity Design 119

HomeLight

MAY 24, 2022

Or the idea of cashing out the equity on your two-story home and downsizing to a single-level house sounds appealing. Sales of existing homes fell for the second consecutive month by 2.7% Sales dropped from March 2021 in all four major US regions. Prices in March 2022 were 15% higher than a year before for existing home sales.

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Pre-approval Equity Agents Closing costs 97

HomeLight

JANUARY 13, 2021

Nothaft opined that the shortage of homes for sale and record-low mortgage rates would drive price growth at the beginning of 2021, but added that “we do expect a moderation of home-price growth over the course of the year.”. Evangelou said that new home construction is also on the rise.

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Marketing Purchase and sale agreement Construction Equity 97

Toronto Realty Blog

JANUARY 20, 2023

We’ll look at the risks of pre-construction “investing” being put on full display. There are currently nine units for sale in the building. Guess how many of these listings were sales ? Then I looked at the nine units that were for sale. We’ll look at the intersection of greed and entitlement.

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Marketing Construction MLS As-is 70

RIS Media

MARCH 2, 2022

Amid the uncertainty, Marty Green, a principal with Texas mortgage law firm, Polunsky Beitel Green, thinks that Russia’s invasion could push the Federal Reserve to adopt a more moderate quarter-point rate increase rather than a previously proposed half-point increase.

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Mortgages Banks Principal As-is 98

Marco Santarelli

AUGUST 3, 2020

According to the latest MLS report by “SABOR,” since the start of 2020, there have been 9,089 active listings and 16,840 total home sales in the city with an average of 64 days on the market. Total home sales showed modest increases in March with sales rising four percent for a total of 3,013 in the San Antonio area.

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Marketing Investor Sales Construction 124

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. ” A. Annual percentage rate (APR).

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Purchase and sale agreement Title Proof of funds Pre-approval 98

Toronto Realty Blog

SEPTEMBER 8, 2022

Consider that with every mortgage, there’s a portion of the payment that is applied to principal repayment and a portion that is applied to interest. The bank just changes the proportion of principal and interest within the payment. The TRREB stats are out for August and it shows 5,627 sales, which is a 14.5%

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Marketing Fixed-rate mortgage Banks Principal 91

Notorious ROB

DECEMBER 19, 2022

If buyers don’t know about my home for sale, and certainly their buyer agent belonging to the local MLS isn’t going to tell them because the home is not in the local MLS, then how do I get any traction? Big National Builder Builds More Rental Homes Than For Sale Homes. Those are not agent listings sourced from an MLS via IDX feed.

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MLS Agents Pre-approval Brokerage 79

Marco Santarelli

JANUARY 3, 2021

Among the advantages of this strategy is that during the time that you hold the property and rent it out, the mortgage is paid down every month, decreasing your principal balance and increasing your equity in the rental property. How To Find Rental Properties For Sale Online? They can help you with financing as well.

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Investor Property Management As-is Renovation 105

Realtor.com

JANUARY 20, 2022

Realtor.com / Getty Images When Joe Biden took office, the housing market was top of mind as home prices hit mind-boggling highs due to the dearth of properties for sale. Home prices and mortgage rates have risen, rental prices are soaring, and the number of homes for sale continues to drop precipitously.

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Marketing Construction Principal Mortgages 67