Keeping Current Matters

SEPTEMBER 16, 2021

An important metric in today’s residential real estate market is the number of homes available for sale. They define active listings as: “ The active listing count tracks the number of for sale properties on the market , excluding pending listings where a pending status is available. What happened last year? What’s happening this year?

Sales 268

Sales New Construction Construction Equity 268

Housing Wire

NOVEMBER 21, 2023

Shamrock ‘s chief growth officer Kurt Noyce and president Rod Correia will lead the team of sales and support professionals, which will remain in their current locations. Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others. year over year.

Loan Officer 417

Loan Officer Lending Loans Finance 417

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. That was the reason to buy pre-construction condos back in 2004, not to mention that absurd 5% deposit structure. And that was it.

Construction 75

Construction Development Brokerage Equity 75

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

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. The home equity loans balance was $24.7 The residential mortgage loan balance for First Internet was $383.9

Banks 417

Banks Mortgages Lending Commercial 417

Housing Wire

APRIL 1, 2024

“To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. This is just one more arrow in their quiver.”

Loan Officer 417

Loan Officer Loans Mortgages Equity 417

Housing Wire

DECEMBER 29, 2021

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. With only one existing home sales report left this year, it is imperative to focus on the fact that more Americans bought homes in 2021 than 2020. However, not only did the U.S.

Marketing 532

Marketing Equity Construction Bankruptcy 532

Housing Wire

AUGUST 16, 2022

The company, led by Alan Qureshi , says its self-service technology is “able to replicate any investor pricing and modeling construct in real time to provide a unique solution tailored to its clients, including private equity investors and investment banks.”

Technology 382

Technology Equity Investor Construction 382

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. You can’t buy what’s not for sale. What about existing homes?

Construction 497

Construction New Construction Equity Sales 497

Housing Wire

APRIL 27, 2021

The companies entered into a joint venture that puts $250 million of equity into single-family rental homes. billion equity infusion from investors including Centerbridge and Allianz Real Estate. The record sales numbers of last fall have now been eclipsed by a story of free falling inventory.

Equity 370

Equity Renovation Construction Investor 370

Housing Wire

FEBRUARY 28, 2024

While Longbridge had a lower origination volume on a quarterly basis, largely due to seasonal and macroeconomic factors, “tighter yield spreads and lower interest rates did improve gain on sale margins” for both Home Equity Conversion Mortgages (HECMs) and proprietary products.

Mortgages 417

Mortgages Investor Equity Branding 417

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Barnes said.

Loans 407

Loans Renovation Construction Mortgages 407

Housing Wire

DECEMBER 2, 2020

Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. But if a vaccine is rolled out quickly, it could lead to “better than expected sales” and an increase in home prices and inventory.

Marketing 523

Marketing Construction New Construction Equity 523

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

Real Trends

MARCH 29, 2023

Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011. The post Opinion: will we see massive price drops in new construction? Buyers face the question of price versus value.

New Construction 89

New Construction Construction Banks Development 89

Housing Wire

MAY 4, 2023

“I haven’t seen a dry spell like this in the time I’ve been in business,” Bob Yopko, president of First Equity Residential Mortgage , said of this year’s spring homebuying season. Due to limited options available on the market, buyers are increasingly turning to newly constructed homes, Xu added.

Mortgages 383

Mortgages Loans Residential Equity 383

RIS Media

DECEMBER 10, 2020

CoreLogic® recently released the Home Equity Report for the third quarter of 2020. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen equity increase by 10.8 This marks the largest average equity gain since the first quarter of 2014. The report shows U.S. percent to 1.6

Equity 111

Equity Mortgages Renovation Construction 111

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

JANUARY 11, 2023

Licensed in five states — Colorado, Florida, Oregon, Tennessee and Texas — the lender has two sponsored LOs and offers conforming, FHA, jumbo, construction loans, Home Equity Line of Credit (HELOC), and cash-out refis in addition to non-QMs. “The effective use of technology allows us to accomplish this.

Lending 417

Lending Mortgages Marketing Loans 417

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 111

Marketing New Construction Construction Equity 111

Housing Wire

MARCH 28, 2022

HousingWire: How will rising rates affect new home construction? Logan Mohtashami: Rising rates make housing less affordable, so for a first-time home buyer that doesn’t have the benefit of selling their home with that nested equity, it makes it harder for them. Today’s new home sales report was satisfactory.

Marketing 370

Marketing Construction Equity Mortgages 370

Keeping Current Matters

MARCH 10, 2021

Home sales and prices were both up substantially over the year before. As the next graph shows, there were too many homes for sale in 2007, and that caused prices to tumble. New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void. Bottom Line.

Equity 262

Equity New Construction Construction Short sale 262

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. Your client can get their home on the market a few months before construction is complete and not have to move twice. Builders are closing loans in the 4.5 range currently!

Equity 285

Equity MLS Construction Agents 285

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. On the production side, the mortgage business is in recession because the levels of existing-home sales are back where they were at the end of the great financial crisis at around 4 million units. That’s very low historically.

FHA loan 446

FHA loan Bankruptcy Marketing Loans 446

Calculated Risk Real Estate

OCTOBER 20, 2023

“Buyers and sellers of apartments, meanwhile, remain unable to agree to terms on pricing, resulting in the sixth consecutive quarter of declining sales volume.” “Buyers and sellers of apartments, meanwhile, remain unable to agree to terms on pricing, resulting in the sixth consecutive quarter of declining sales volume.”

Marketing 120

Marketing Equity Finance Lending 120

Marco Santarelli

APRIL 15, 2024

While the housing market has shown signs of stagnation with existing home sales at their lowest since 2010 and mortgage demand dropping significantly, most experts do not anticipate a crash in 2024. Fannie Mae's forecast also aligns with this outlook, expecting an increase in home sales transactions compared to the previous year.

Marketing 105

Marketing Equity Lending Construction 105

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). • The Sales Volume Index reading of 34 marked the seventh consecutive quarter of decreasing deal flow.

Marketing 70

Marketing Equity Finance Construction 70

Housing Wire

FEBRUARY 24, 2022

billion revenue, which mostly stems from a 5% sales fee charged to home sellers and proceeds from flipping homes. But like real estate brokerage Compass , another company significantly financed by the SoftBank Vision Fund , Opendoor has constructed an empirically money-losing business model with little sign of reversing course.

Title 427

Title Investor Finance Brokerage 427

HomeLight

JULY 11, 2023

Whether the cause is unpaid taxes, unpaid alimony, or unpaid contractor bills, selling a house with a lien against it adds one more wrinkle to the already complex task of a home sale. Nine times out of 10 the lien can be paid off through the sale,” says Richie Helali, Mortgage Sales Lead at HomeLight Home Loans. But don’t fret.

Title 119

Title Title search Equity Construction 119

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. Some markets like New Jersey don’t have land to build new homes.

Loan Officer 395

Loan Officer Mortgages Loans Closing costs 395

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. Have you hit the $1 billion sales volume? Chris Gallo : Unfortunately, no.

Loan Officer 407

Loan Officer Loans Equity Mortgages 407

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. The recent surge in prices is the result of heavy buyer demand and a shortage of homes available for sale. What’s happening with home prices right now? What about next year?

New Construction 247

New Construction Equity Construction Closing 247

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

Housing Wire

SEPTEMBER 22, 2022

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. Credit scores are at record highs, and equity positions have never been stronger. The reality is sales opportunities will be fewer for the foreseeable future. And it’s going to get worse.

Mortgages 383

Mortgages Loan Officer Loans Equity 383

Realty Biz

FEBRUARY 2, 2022

While new home construction has soared over the past 12 months, condos are being left behind, says a new report from the Urban Institute. It found that the share of condo units being built for sale in the last year declined to less than 5.4% of the overall construction market, its lowest level in almost 50 years.

Construction 98

Construction Finance Development Equity 98

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. It’s an essential skill for anyone who wants to be successful in sales, coaching, and leadership. Finally, the last closely watched trend in the housing market is construction activity.

Construction 383

Construction Closing New Construction Agents 383

Propmodo

OCTOBER 31, 2023

“Some debt funds both originate loans and buy notes from other institutions,” said Tim Milazzo, founder of StackSource, an online marketplace for commercial real estate debt and equity. When the lending environment gets bad, large construction loans are often the first on the chopping block.

Lending 113

Lending Commercial Banks Construction 113