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. For others, typical construction is what they have their hearts set on.

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New Construction Construction Equity Commercial 72

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. One such measure is who is entering the market.

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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. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2% in year three.

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Marketing FHA loan Loans Mortgages 410

Marco Santarelli

APRIL 6, 2024

The tumultuous wave of the COVID-19 pandemic swept across the housing market landscape, leaving in its wake a trail of unprecedented shifts. However, amidst this flux, there are pockets of resilience—housing markets that have not only weathered the storm but have emerged stronger, with inventory levels surpassing pre-pandemic benchmarks.

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Real Trends

MARCH 29, 2023

There was one problem, we were already at a new home deficit, making the new home market incredibly competitive. Practically every listing that came on the market received 15 to 20 offers, and bidding wars drove prices higher and higher. But when inflation and mortgage rates started to rise, the rush slowed.

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New Construction Construction Banks Development 89

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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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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Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage. The good news is that we are making progress at solving these problems.

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Finance Construction Loans Renovation 485

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.

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Housing Wire

FEBRUARY 18, 2022

months of supply; a healthy market generally has between four and six months of supply. from December and mortgage rates shot up 30 basis points. The good news is there are several directions from which more supply may come, said Matthew Speakman, an economist at Zillow. from a year ago. That translates to just 1.6

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Sales New Construction Equity Construction 410

Housing Wire

JANUARY 6, 2022

The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. It’s not all bad news, however.

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Construction New Construction Equity Sales 500

Keeping Current Matters

MARCH 10, 2021

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash. Today, it’s tough to qualify.

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Housing Wire

NOVEMBER 30, 2021

As we look forward to 2022, the non-QM market is predicted to grow substantially. 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.”. “The There are a few market factors contributing to this expected growth for the non-QM sector.

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Lending Investor Loans New Construction 409

Zillow Market Reports

MARCH 11, 2024

A substantial infusion of new inventory to the market is welcome news for buyers on the hunt for their next home this spring – and more evidence that the effects of ‘rate lock’ are starting to weaken. New listings of existing homes on Zillow are up 21% in February compared to last year, and rose 20% from January.

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Marketing New Construction Construction Mortgages 92

Housing Wire

JULY 20, 2023

We are still at least a million listings shy of being a balanced market, so this excuse is not going to subside anytime soon. Stop answering clients’ concerns by saying, “Yeah, there’s really nothing on the market, I mean everything in the MLS is already pending. They may have a downpayment saved that isn’t their home equity.

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Equity MLS Construction Agents 285

Realtor.com

NOVEMBER 30, 2022

Photo-Illustration by Realtor.com / Getty Images (4) It’s safe to say we’ve never encountered a housing market nearly as unpredictable as the one we’re in right now. The dramatic swings and wild gyrations in the housing market are expected to taper off as the real estate ecosystem continues to slow.

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Keeping Current Matters

NOVEMBER 10, 2021

The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity. Most experts believe that as more housing inventory comes to market (both new construction and existing homes), the supply and demand for housing will come more into balance.

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Broke Agent Media

MAY 16, 2023

BAM Key Details: The results of a new Opendoor survey reveal an inconsistency in housing market expectations, along with areas where buyers and sellers can meet in the middle. Data from a new Opendoor survey is shedding some light on how buyers and sellers see the housing market, what their top concerns are, and what they can agree on.

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Broke Agent Media

MAY 17, 2023

BAM Key Details: A new mortgage product introduced by Skipton Building Society will allow first-time home buyers in the UK to purchase a home with a no-deposit 100% mortgage loan. and Canada may be wondering if this type of mortgage is coming to their country’s banks. Borrowers in the U.S.

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Loans Mortgages Equity Construction 52

Real Trends

OCTOBER 21, 2022

Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market. The bottom line, they won’t be flooding the market with new construction. In 2008, 80% of mortgage loans were adjustable.

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New Construction Equity Short sale Construction 105

McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you. Where the housing market is going in 2022 as told by 7 leading forecast models. The 10 top housing markets of 2022.

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Marketing New Construction Equity Construction 79

Housing Wire

JUNE 10, 2022

We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are Of course, the answer is about why this is not the same market — in any way — to post 2008. Are we in a housing bubble?”

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Construction Closing New Construction Agents 384

Realty Biz

AUGUST 23, 2022

After two years of unprecedented growth, home values fell slightly from June to July, according to the latest market report from Zillow. The market is quickly rebalancing. With buyers’ purchasing power diminished by nearly two years of double-digit price growth and higher mortgage rates, competition for homes is dropping off.

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Marketing New Construction Equity Construction 87

Broke Agent Media

MAY 25, 2023

Last week, he joined Byron Lazine, Tom Toole, and Lisa Chinatti on the Knowledge Brokers Podcast to share three reasons why buyers aren’t overpaying—even in markets that are seeing multiple offers and over-asking bids. Today’s home buyers are faced with mortgage rates hovering around 7% along with still-high home prices across the country.

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Construction New Construction Equity Mortgages 98

Propmodo

APRIL 23, 2024

C-PACE loan originations have hit record highs for several reasons, including the pace of legislation in new states. Alaska, Hawaii, Nevada, and Tennessee recently enabled the financing tool, further expanding the market. Traditional lenders aren’t writing as many checks for new construction projects, and PACE has filled the void.

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Realty Biz

OCTOBER 21, 2023

From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Development financing for larger new construction projects and alternative financing approaches should also be considered.

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Loans Finance Construction Commercial 108

Broke Agent Media

MARCH 6, 2023

63% of the panel expect the 30-year fixed mortgage rate to hit its highest point for this year in Q1, with the median respondent expecting a 6.0% Expert panel forecasts for home prices, home sales & mortgage rates High mortgage rates have had predictable consequences for property values and home sales across the U.S.,

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New Construction Mortgages Sales Development 94

Realty Biz

JULY 20, 2022

Though, you will need to pay private mortgage insurance with down payments of less than 20%, increasing your monthly outgoings. One of the reasons FHA mortgages are so popular is their lower credit scoring requirements than other loan programs. Mortgage insurance will be included in monthly payments with these programs.

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Loans FHA loan VA loan Equity 129

Marco Santarelli

DECEMBER 1, 2023

As the housing market navigates through unprecedented challenges, the spotlight is on 2024 as a potential turning point. ” Despite the decline, sellers are unlikely to face a crisis , given the substantial equity accumulated during the years of soaring home values , distinguishing this situation from the Great Recession.

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Construction New Construction Mortgages Equity 52

GeekEstate

SEPTEMBER 23, 2022

As a result, months of supply from new construction is >400% that of resale units! So now, builders are stopping new projects while trying to sell off current projects. Once builders start trimming jobs en masse , construction will see a housing-related recession. Resume mortgage forbearance. Our belief?

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Construction New Construction Lending Equity 64

RIS Media

MARCH 18, 2022

housing market has transformed significantly. Zillow’s latest market report quantifies all these market shifts but also shows that despite all this, demand remains high. Homeowners may be worried about rising interest rates, since they make a new mortgage considerably more expensive.

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HomeLight

APRIL 29, 2021

From cocktail parties to backyard barbecues, it seems like everyone around you is talking about how hot the real estate market is. So does that mean you’re in a buyer’s market or a seller’s market? Like stock prices, the real estate market fluctuates. Seller’s market: The odds are in your favor. Home prices rise.

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HomeLight

AUGUST 28, 2020

As if mortgage rates aren’t confusing enough , lenders had to throw discount points into the mix. What are points on a mortgage loan, anyway? Many lenders now give you the option to buy down your mortgage interest rate through discount points, saving you money over the life of your home loan. Mortgage rate. No points.

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Redfin

JULY 14, 2023

Even in today’s real estate market, there are pros and cons to consider if you’re renting or buying a home in Birmingham , making it that much harder to decide what fits your goals. For many residents of Birmingham, this means it may cost less to rent a home than buy a home in today’s market.

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Equity Fixed-rate mortgage Closing costs Inspection 48

Hank Miller Team

NOVEMBER 15, 2022

As we enter the final weeks of 2022, the national real estate market is catching its breath. Some markets remain in flux, others have started to level off already. The region has been growing consistently over the last decade and while the bump was experienced, there is solid footing which will keep this market stable.

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HomeLight

JUNE 13, 2022

Our Summer 2022 Top Agent Insights Survey is out now, and it shows how the real estate market is changing. is not what the housing market is going through. You’ll hear them share stories of what’s happening in their markets. My guests are seeing and experiencing many of those things in their markets.

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Marketing Agents Equity Earnest money deposit 75

Realtor.com

DECEMBER 5, 2022

The portion of homes on the market with at least one markdown is now outpacing even pre-pandemic years. Buyers simply can’t afford these high price tags now that mortgage interest rates have shot up. These new buyers drove up local market prices," Ratiu says, "in some cases, even beyond local residents' ability to compete.".

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