Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. On a year-over-year basis, however, new home sales are still down 19.4%. Looking ahead, experts are optimistic about the spring selling season for new construction.

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RIS Media

AUGUST 2, 2021

If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. Falling Lumber Costs Could Level Out the Market. Will the result take immediate effect?

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Realtor.com

NOVEMBER 17, 2022

Compare that with a preexisting home’s median price of $396,300 , and it’s clear that buying brand-new might set you back tens of thousands of dollars extra. 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.

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Realty Biz

JUNE 15, 2021

Residential construction in the U.S. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these high-profile developments: 1000M – Chicago, IL. SPIRE – Seattle, WA.

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Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. Different types of new homes can be less expensive.

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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.

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New Construction Construction VA loan Finance 110

McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Those requirements can make it hard to find other new construction comparables.

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New Construction Construction FHA loan Land 86

Realtor.com

JANUARY 17, 2023

Getty Images One of the reasons many homebuyers are drawn to buying a brand-new home is that they often get to choose many of the home’s features to suit their tastes. But with new construction, you can call the shots on countertops, fixtures, flooring, paint colors, and so much more to make your home feel like, well, you!

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New Construction Construction Design As-is 94

Real Trends

MARCH 29, 2023

Builders responded in kind, gearing up the development of new homes to meet the growing demand. There was one problem, we were already at a new home deficit, making the new home market incredibly competitive. New homes began to linger on the market.

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New Construction Construction Banks Development 89

Louisville Homes

DECEMBER 21, 2021

On a regular basis, acquiring good quality construction materials, visiting the construction site, and negotiating with the labor force, laborers, and painters is a physically challenging activity. In this piece, we’ll look at new construction pros and cons. Customization Is Amazing. Limited Options.

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New Construction Construction Inspection Land 98

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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New Construction Construction Pre-approval Inspection 105

Housing Wire

MAY 2, 2024

But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. Potempa brought his team of 38 professionals — including processors, business development staff, support staff and about 15 loan officers — to E Mortgage on March 25.

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Loan Officer Mortgages VA loan Lending 399

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. They are typically not purchased from a builder or developer. In short, they are considered brand new. This however is not common in today’s market. for up to two years.

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New Construction Construction Probate sale Investor 52

Realty Biz

MARCH 5, 2021

After a short slump at the very beginning of the COVID-19 pandemic, the residential home market quickly recovered and prices soared most of 2020. But that’s not the only issue potentially beginning to sour the residential market. Houses will remain on the market, and inventory will increase until prices drop.

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Development Marketing Residential Principal 106

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions.

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Lending New Construction Construction Finance 359

Realty Biz

NOVEMBER 8, 2022

New construction homes are becoming increasingly popular. They offer many advantages, such as the ability to customize your home to your specific needs and wants, and the peace of mind that comes with knowing your home is brand new. It’s important to do your research before picking the new construction home you want to be in.

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New Construction Construction Land Closing 80

Housing Wire

JANUARY 18, 2024

11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. The 30-year fixed-rate mortgage averaged 6.6%

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Fixed-rate mortgage Mortgages New Construction Construction 527

Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%.

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As-is Sales New Construction MLS 490

Realtor.com

JUNE 24, 2021

In this latest installment of our new series, “ First-Time Homebuyer Confessions ,” we spoke with Nicole Krouse (who happens to be director of marketing at Realtor.com ). Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. So we thought, “Why not?”

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New Construction Construction Due diligence Marketing 111

Housing Wire

MAY 25, 2022

While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search.

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New Construction Construction Sales Industrial 444

Marco Santarelli

APRIL 21, 2024

housing market , marking a pivotal moment for homeowners and prospective buyers alike. According to Freddie Mac , rates surpassed 7% for the first time in 2024, posing concerns for the already strained market. While immediate prospects may appear daunting, there is hope for a resurgence in the housing market in the coming years.

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Mortgages Marketing New Construction Land 105

Marco Santarelli

OCTOBER 26, 2023

In the realm of real estate, the desire for mortgage rates to return to the 3% range and bidding wars for new listings may remain unfulfilled. However, experts project that in 2024 , the Florida housing market is poised for strength , offering ample opportunities for real estate professionals.

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Marketing New Construction Construction Residential 96

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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Marketing FHA loan Loans Mortgages 404

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Change is on the horizon.

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Agents Equity New Construction Days on market 431

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

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Finance Construction Loans Renovation 465

Housing Wire

JULY 18, 2023

For the seventh consecutive month, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose month-over-month , gaining one-point to a reading of 56, according to a report released Tuesday. More housing supply is good news for future shelter inflation readings in the market.

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Sales Construction New Construction Finance 353

Housing Wire

JULY 6, 2023

The 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 6.81% as of July 6, up significantly from last week ’s 6.71%. High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater.

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Mortgages Construction New Construction Investor 381

Marco Santarelli

MAY 5, 2024

The housing market has seen a surge in prices, leading many to wonder: are these sky-high costs a temporary blip, or a sign of a “new normal” for housing prices? With a limited supply of houses on the market, bidding wars became commonplace, pushing prices ever higher.

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Marketing Construction New Construction Mortgages 102

Housing Wire

FEBRUARY 1, 2023

It also has one interest rate with an automatic modification if the market improves once construction is complete, along with one down payment, one full credit report to order and one approval, according to the firm. Department of Housing and Urban Development (HUD), according to lawyers. UWM, which originated $33.5

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Construction Loans Loan Officer New Construction 393

Housing Wire

NOVEMBER 4, 2021

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. million new hires for construction. Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed.

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Construction Renovation New Construction Development 523

Realtor.com

NOVEMBER 7, 2022

Builder incentives are promotions offered by developers that, much like a coupon, cut the cost of purchasing property in that community. Homebuilders may offer incentives at any stage of the project’s development. Many happen at the initial launch to help generate buzz for a new community and get the first few residents on board.

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New Construction Construction Finance Closing costs 76

Housing Wire

FEBRUARY 8, 2022

This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. America suffers from a severe shortage of affordable homes. million homes.

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New Construction Construction Development Sales 370

Marco Santarelli

APRIL 15, 2024

The housing market is a complex and dynamic system influenced by various economic factors , policies, and consumer behaviors. As of 2024 , the question of whether the housing market will crash is on the minds of many, from potential homebuyers to economic analysts.

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Marketing Equity Lending Construction 105

Housing Wire

FEBRUARY 8, 2024

And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. Jane Doe specializes in luxury markets.” After all, prospective clients are trusting you with one of their biggest financial decisions.

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Housing Wire

JUNE 8, 2021

Low rates and increased demand mean prices are soaring on what stock is available – and what’s available isn’t staying on the market for long. Given the rising price of lumber and other construction costs, renovations may sound impractical. Not everyone can afford a brand-new construction home, given where home prices are,” he said.

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Loans Lending Renovation New Construction 332

Housing Wire

MAY 18, 2023

The webinar featured a panel of nationally known affordable housing experts, hosted by affordable housing developer National CORE , with the Sarasota Housing Authority , the National Multi Housing Council (NMHC) and the Housing Partnership Network (HPN) as panelists. So, we need to be wise. We need to prioritize local solutions.

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Development New Construction Construction Investor 375

GeekEstate

APRIL 22, 2024

My name is Istvan Fehervari, and I’m the Founder & CEO of Homebourse, the New Construction Hub. Numerous services and initiatives exist to address specific needs, such as offering local listings of new construction projects or facilitating online offer submissions. What problem does your product/service solve?

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New Construction Construction Development Industrial 69