Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 Fueling this increase is new construction, according to Divounguy, even though the 1.3%

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Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. The same year, the bank completed a deal to finance an ultra-luxury condo project in Sunny Isles Beach, Florida, with a $558 million construction loan. In 2019, the bank inked one of its biggest deals.

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Housing Wire

DECEMBER 28, 2023

Leaders in Colorado districts are entering the housing market in a variety of ways, including engaging in partnerships with developers, constructing tiny homes and even becoming landlords, according to a story published by the Denver Post. Rents also remain challenging according to data the Post cites from Zillow.

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Realty Biz

FEBRUARY 24, 2024

While many veterans are familiar with traditional VA home loans, there are additional options that cater to specific needs – VA Jumbo Loans and VA Construction Loans. Insights into VA Home Loans: Before we dive into the specifics of VA Jumbo Loans and VA Construction Loans, let's recap the fundamentals of VA home loans.

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Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. With continued supply chain disruption, cost increases and fear of inflation , the market has felt tenuous at best. 2022 marked a unique time for homebuilders.

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Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde is a vice president and director of capital markets with Dart Bank , a position she held since August 2022.

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Housing Wire

JULY 26, 2023

“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low.

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Housing Wire

JANUARY 5, 2024

Here are my three key points on the labor market recovery since I retired my COVID-19 recovery model on Dec. Employment continued growing in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. Does this mean the labor market is breaking? 9, 2020: 1. percent, the U.S.

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Housing Wire

JANUARY 22, 2024

Seniors largely want to remain in their own homes as they get older, and that preference could be remaking the housing market in the city of Chicago, according to a new report. The two organizations produce the quarterly Reverse Mortgage Market Index (RMMI) report. Boomers own 35.6% of the national U.S.

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Marketing Construction Equity Mortgages 382

Housing Wire

FEBRUARY 12, 2024

residential mortgage market and housing-related assets. It also has a niche in construction and manufactured home loan programs. Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

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Housing Wire

MARCH 5, 2024

They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such funds for affordable housing.

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Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Yet help might be on the way.

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Housing Wire

JANUARY 26, 2024

A new report from Construction Coverage sourced by its researchers and data from the U.S. Census Bureau and Zillow identified the top metro areas in the country that contain baby boomer homeowners, identifying both the “top” and “bottom” 15 markets. At the top of the list is Tucson, Ariz., with 41.8%

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Housing Wire

SEPTEMBER 7, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. Rates should continue to come down from their peaks, as the inflation and the jobs market are cooling, said Bright MLS Chief Economist Lisa Sturtevant.

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Housing Wire

AUGUST 4, 2023

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. Furthermore, residential building construction employment was flat year-over-year in July, while non-residential was up by 5.9%, according to First American Economist Ksenia Potapov.

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Marco Santarelli

MAY 14, 2024

The Austin housing market , once a beacon of frenzied activity and skyrocketing prices, is now experiencing a notable shift. Prices dip, inventory rises – is it a buyer's market now? Here are the latest trends in the Austin housing market. Here are the latest trends in the Austin housing market.

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Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors.

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Housing Wire

JANUARY 16, 2024

Anchor Loans’ TPO channel will provide residential business purpose loan products – including bridge , fix and flip, ground-up construction and rental investor loans with debt service coverage ratio (DSCR), the firm said in a release. Tim Landwehr, co-chief revenue officer, led the launch of the TPO channel. “We

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The Residential Specialist

FEBRUARY 27, 2024

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. New construction is always seen as much more expensive.

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Eye on Housing

AUGUST 26, 2022

NAHB analysis of the 2021 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.8% of the market, while conventional financing dominated the market at 71.2%. In 2020, share of non-conventional financing was 34.4%

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Housing Wire

MAY 15, 2024

Although market asking rents have slowed and are even declining in some markets according to data like the Realtor.com March Rental Report, it takes some time for this to be reflected in overall shelter cost trends,” Realtor.com Chief Economist Danielle Hale, said in a statement. The shelter component of the CPI came in at 5.5%

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Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted. In the U.S.,

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Eye on Housing

SEPTEMBER 6, 2023

NAHB analysis of the 2022 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.1% of the market, roughly the same as in 2021, at 28.8%. As in previous years, conventional financing dominated the market at 71.9%

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Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

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Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Are you hoping to buy a home in 2021’s hot housing market ? A homebuyer’s guide to a competitive housing market.

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Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “There is too much distraction in the market; there are some negative folks out there.

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Mortgages VA loan Finance Loans 464

Realty Biz

NOVEMBER 6, 2023

Germany's wave of cancellations in residential construction continues at alarming rates, with expectations reaching an exceptional low of -63.9 It's getting worse all the time, with more and more projects failing due to higher interest rates and elevated construction prices. in the previous month; 48.7% in September.

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Housing Wire

MARCH 7, 2024

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. decline from 2022, according to Inside Mortgage Finance.

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

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Eye on Housing

SEPTEMBER 28, 2020

NAHB analysis of the 2019 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 35.0% of the market, while conventional financing dominated the market at 65.0%. In 2018, share of non-conventional financing was 28.6%

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Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. 5 predictions for the 2022 housing market. Here are 7 trends to watch in the 2022 appraisal market. The new 2022 houing market environment.

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Housing Wire

NOVEMBER 20, 2023

The lender also brought over 45 former retail branches from Finance of America Companies Inc. Founded in 1996, APM offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. FoA) months after it shut down its forward mortgage segment.

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Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset. for use by the GSEs based on limited historical data,” the letter reads.

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Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HW: How has mortgage finance changed in the last few years?

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Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes. Getty Images. Getty Images.

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Calculated Risk Real Estate

OCTOBER 20, 2023

“A combination of rising interest rates and tightening lending standards has caused a decrease in the availability of debt financing for the ninth consecutive quarter,” noted NMHC’s Vice President of Research, Caitlin Sugrue Walter.

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Realtor.com

NOVEMBER 9, 2022

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

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