Housing Wire

APRIL 5, 2024

“Attractive homes are moving fast, so those looking to buy this spring should get their finances in order now, including getting pre-approved for a home loan. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

Pre-approval 411

Pre-approval Marketing New Construction Construction 411

Housing Wire

FEBRUARY 24, 2023

The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement.

Sales 424

Sales New Construction Construction Mortgages 424

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.

New Construction 52

New Construction Construction Probate sale Investor 52

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.

Loans 103

Loans Construction VA loan Finance 103

Housing Wire

JULY 26, 2023

“The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low. It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. from a month prior, but down 3.6% compared to June 2022. “The

Sales 356

Sales New Construction Marketing Construction 356

Housing Wire

FEBRUARY 12, 2024

It also has a niche in construction and manufactured home loan programs.

Lending 358

Lending New Construction Construction Finance 358

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.

Construction 97

Construction Inspection New Construction Residential 97

American Lifestyle

APRIL 2, 2021

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

New Construction 92

New Construction Construction Closing Finance 92

Realtor.com

NOVEMBER 7, 2022

“Occasionally, builders may have some wiggle room to provide to a buyer something like a refrigerator—new construction doesn’t always include one—or blinds, or something along those lines, to incentivize a buyer further to make a move during a specific time frame, like by the end of the month or quarter,” says Mackey.

New Construction 76

New Construction Construction Finance Closing costs 76

American Lifestyle

SEPTEMBER 25, 2020

The post Buying a New Construction Home appeared first on American Lifestyle Magazine.

New Construction 81

New Construction Construction Loans Finance 81

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” ” Amid the challenging landscape, Guerin, from New Jersey-based AFR, said the company doubled its efforts to do more renovation loans. 1 product to help first-time homebuyers get their houses. But it is also getting creative in a down market. .”

Mortgages 464

Mortgages VA loan Finance Loans 464

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!

Pre-qualification 366

Pre-qualification New Construction MLS Construction 366

Housing Wire

SEPTEMBER 26, 2023

However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months. Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

As-is 489

As-is Sales New Construction MLS 489

Housing Wire

NOVEMBER 22, 2023

New construction starts and permits showed surprising strength in October while existing-home sales slumped to their worst reading since 2010. This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.”

Mortgages 441

Mortgages New Construction Construction Sales 441

Housing Wire

NOVEMBER 30, 2023

Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. New home sales fell 5.6% Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010.

Sales 465

Sales New Construction Construction Mortgages 465

Housing Wire

JULY 18, 2023

The lack of resale inventory means prospective home buyers who have not been priced out of the market continue to seek out new construction in greater numbers,” Alicia Huey, the chairman of the NAHB, said in a statement. “At More housing supply is good news for future shelter inflation readings in the market.

Sales 352

Sales Construction New Construction Finance 352

Housing Wire

MAY 30, 2023

New construction could be the beacon of light the housing market desperately needs right now, as home builders are gaining confidence amongst rising sales, hopefully soon to translate to more residential construction breaking ground in the coming months.” Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3%

Mortgages 400

Mortgages Fixed-rate mortgage Construction New Construction 400

Housing Wire

APRIL 26, 2024

Department of Agriculture (USDA) have settled on new energy-efficiency standards for the construction of new single-family and multifamily homes. The “Adoption of Energy Efficiency Standards for New Construction of HUD- and USDA-Financed Housing” was published on Friday in the Federal Register, and will go into effect on May 28.

New Construction 463

New Construction Construction Development Finance 463

Housing Wire

JANUARY 18, 2024

Housing starts declined 9% in 2023, an indication that homebuyers looking to purchase a new construction home may continue to struggle with the lack of inventory this year. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

Fixed-rate mortgage 527

Fixed-rate mortgage Mortgages New Construction Construction 527

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Should they consider new construction? Are they in a situation where they can compete for a home if necessary?

Proof of funds 411

Proof of funds Inspection contingency Inspection MLS 411

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. “We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

Mortgages 412

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 412

Housing Wire

NOVEMBER 15, 2023

Meanwhile, he counts on home builders to ramp up new construction, as the existing-home inventory shortage lifts demand for new homes. In 2023, new-home sales are up 5% year to date, Yun said. .” According to Yun’s forecast, mortgage rates will fall to between 6% and 7% by spring 2024.

Sales 450

Sales New Construction Staging Mortgages 450

Marco Santarelli

MAY 14, 2024

Austin's Pandemic Boom According to a report published on Yahoo Finance. As mortgage rates rise, new construction enters the market, and some out-of-towners depart, the fervor that characterized Austin's housing boom is gradually subsiding. Here are the latest trends in the Austin housing market.

Marketing 104

Marketing New Construction Construction Finance 104

Housing Wire

APRIL 14, 2023

As buyers wanted to find the perfect property, before interest rates rose, they were willing to offer all cash to sellers so their offer was not contingent on financing. Today, the average is 2.7 First-time buyers today need more housing inventory to improve affordability.

Investor 421

Investor Equity New Construction Mortgages 421

Housing Wire

OCTOBER 26, 2023

Compared to 2022, NAR expects the sale of new homes to grow by 4.5% in 2024, hitting 800,000 new homes. For those new construction units, the national median new home price is projected to drop by 5.9% in 2023, reaching an annual rate of 670,000. They project it to grow by another 19.4% in 2024, to $445,800.

Sales 386

Sales New Construction Mortgages Construction 386

RIS Media

MARCH 2, 2022

Lumber costs have skyrocketed in recent years, halting construction on new housing and causing home prices to rise to new highs —especially with inventory at a historic low across the country. These challenges have led to construction innovations that will begin to transform the new-home market.

Construction 105

Construction Industrial Technology Finance 105

Housing Wire

JULY 27, 2023

The cost of financing a median-priced U.S. Some buyers have turned to new construction to secure a home, and builders are ramping up their workforces to complete projects. home, assuming a 20% downpayment, rose 12.4% from June 2022, according to Realtor.com economic researcher Hannah Jones. Year-over-year, sales dropped 18.9%

Fixed-rate mortgage 342

Fixed-rate mortgage Mortgages Loans New Construction 342

Inman

FEBRUARY 16, 2024

Construction technology company Higharc closed a $53 million Series B round of financing led by Spark Capital and Pillar VC.

Construction 144

Construction Sales Technology Finance 144

Propmodo

APRIL 23, 2024

Commercial Property Assessed Clean Energy is a sustainable financing mechanism state policy enables. It provides long-term, fixed-rate, and non-recourse loans for up to 30 years for any aspect of real estate construction that enhances energy or water efficiency. The green financing idea has come a long way since then.

Lending 62

Lending Commercial Finance New Construction 62

Housing Wire

OCTOBER 5, 2023

This could make raising capital for new construction projects harder, and more expensive, everywhere. Investors who have been burned by events in China may also start seeing ghosts in other markets and decide the risk profile is just too unfavorable.

Marketing 412

Marketing Residential Investor New Construction 412

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey.

Mortgages 399

Mortgages Marketing Banks New Construction 399

Housing Wire

AUGUST 3, 2023

Rocket’s share of the purchase business jumped to 55% in the first three months of 2023, according to data from Inside Mortgage Finance (IMF). It’s not specific or exclusive to one or the other and we’re actually happy about the growth in both,” Emerson said to an analyst asking where the purchase market share gains came from.

Loans 337

Loans Mortgages Loan Officer Principal 337

Housing Wire

FEBRUARY 8, 2024

With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad.

Agents 392

Agents Construction Design Branding 392

Housing Wire

FEBRUARY 4, 2021

Here’s how Dannielle Hale, chief economist for Realtor.com, put it in her recent 2021 forecast: “The housing market in 2021 will be much more hospitable for buyers as an increased number of existing sellers and ramp-up in new construction restore some bargaining power for buyers, especially in the second half of the year.”.

Earnest money deposit 546

Earnest money deposit Pre-approval Marketing New Construction 546

Realty Biz

OCTOBER 21, 2023

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Buyers want to feel confident in the builder and their financial qualifications when building a new house.

Loans 108

Loans Finance Construction Commercial 108

Housing Wire

AUGUST 10, 2023

Additionally, economists have observed a rebound in new home sales this year, with buyers seeking to leverage new construction options and any competitive builder incentives. “Considering that prices have been rising over the past six months and mortgage rates have been pegged above 6.5% since May of this year, the 4.2

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

DECEMBER 12, 2023

Meanwhile, inventory for new homes soared to levels last seen during the Great Financial Crisis as builders worked off the backlog accumulated from the pandemic’s construction boom. This suggests that DR Horton was offering the greatest buydowns to the most income-constrained borrowers in order to qualify more of them for financing.

Debt-to-income ratio 399

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 399