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. Instead, they’ll be seeking to renovate their homes.”. in 2023, peaking to 6.5%

Loans 404

Loans Renovation Construction Mortgages 404

Marco Santarelli

APRIL 20, 2024

Shifting Market Dynamics: Higher interest rates may incentivize some homeowners who locked in ultra-low rates to stay put. New Construction: While not a major short-term solution, an increase in new home construction activity could eventually contribute to a more balanced inventory level.

Marketing 105

Marketing Pre-approval Fixed-rate mortgage New Construction 105

Realty Biz

APRIL 19, 2024

The 30-year fixed-rate mortgage rate was at 6.6 At the same time, new constructions struggle to keep up with the market. Yet, given economic uncertainties and construction pace issues, this storyline is fraught with ifs and buts. As a result, builders and renovators sweat. This average increased by 5.1

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

Realty Biz

NOVEMBER 18, 2022

At the same time, the cost of ownership doesn’t change at all, under the condition you are subject to a fixed-rate mortgage or have the property completely paid off. Real estate agencies, notaries, and construction companies are a few of the parties you will have to partner with.

Fixed-rate mortgage 83

Fixed-rate mortgage Renovation Construction Investor 83

Realty Biz

MAY 20, 2021

Prices for new home construction are also up (21%) as home builders raised their prices due to demand and soaring costs of materials coupled with supply chain issues. Mortgage rates are low … for now. Record-low mortgage rates have hovered below 3% for a 30-year fixed-rate mortgage since October 2020, which is good for buyers.

Marketing 78

Marketing Seller concession Fixed-rate mortgage Mortgages 78

Marco Santarelli

MAY 13, 2024

Zoning reform could involve relaxing restrictions on single-family home zoning in desirable locations, allowing for the construction of multi-unit dwellings or attached housing options. Much will depend on factors like the overall health of the economy, interest rate fluctuations, and the pace of new home construction.

Fixed-rate mortgage 105

Fixed-rate mortgage Development Technology Construction 105

HomeLight

JUNE 21, 2023

There’s also the benefit of knowing exactly how much your house payment will be every month with no threat of it increasing over time if you got a fixed-rate mortgage. The cost of construction has been going up, the cost of materials, the cost of land development.

Equity 96

Equity Fixed-rate mortgage Loans Mortgages 96