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Can first-time homebuyers afford homes today?

Housing Wire

The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. Additionally, buyers migrated to more affordable locations in low-density areas, allowing them to purchase a home with all cash, if they had housing equity from their past property.

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Benefits of Investing in New Construction Real Estate

Norada Real Estate

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.

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LenderPulse Q4 2023 survey: Mortgage pros still see opportunities in the housing market

Housing Wire

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. About 37% of respondents were spending money in social media and 34.8%

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The non-QM outlook for 2022

Housing Wire

The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Refinance decline.

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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. The good news is there are several directions from which more supply may come, said Matthew Speakman, an economist at Zillow.

Sales 410
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Fannie Mae’s chief economist on housing market outlook

Housing Wire

For one thing, no fixed-income investor thinks that mortgage-backed securities with 7% mortgage rates will be there when the Fed finishes the inflation fight. So you’re having to encourage investors with wider spreads to accept that. For existing homeowners, that’s good news because it means equity accumulation.

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Is It Time To Blame Investors For High Housing Prices?

Toronto Realty Blog

So much so, in fact, that I was going to skip Prime Minister Justin Trudeau’s comments from October whereby he blamed high housing prices on investors. Half of all condos are owned by investors? So if investors aren’t buying them, they aren’t built, and if they aren’t built, then our housing crisis is worse.