Housing Wire

APRIL 14, 2023

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. Thus, the typical homeowner, who owned their home for a decade, had more than $200,000 in housing equity to make a trade.

Investor 424

Investor Equity New Construction Mortgages 424

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

Mortgages 414

Mortgages Marketing Banks New Construction 414

Marco Santarelli

APRIL 6, 2024

However, persistent demand may have finally incentivized some to capitalize on their home equity, facilitating downsizing or relocation. Adaptation in Construction: The construction industry, faced with challenges precipitated by the pandemic, has adapted remarkably.

Marketing 106

Marketing New Construction Construction Equity 106

Housing Wire

FEBRUARY 18, 2022

The good news is there are several directions from which more supply may come, said Matthew Speakman, an economist at Zillow. “The other good news is that even despite very limited selection, buyers are finding ways to get deals done, keeping sales volume elevated heading into the spring shopping season.

Sales 404

Sales New Construction Equity Construction 404

Housing Wire

JANUARY 9, 2024

Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.” This is unfortunate — and somewhat irrational — because homeowners who have or want to build an ADU are typically quite well-qualified with strong credit scores , income and solid home equity coverage.

Finance 477

Finance Construction Loans Renovation 477

Keeping Current Matters

MARCH 10, 2021

New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void. People are equity rich, not tapped out. Many immediately withdrew their equity once it built up, and they learned their lesson in the process. This is nothing like the last time.

Equity 258

Equity New Construction Construction Short sale 258

Housing Wire

DECEMBER 2, 2020

Plus, construction starts are projected to increase 9% over 2020. However, even if new construction jumps at a 9% clip, it’s not enough to sap the continual rise in home prices. Home prices won’t increase as quickly as they have this year , but will continue to reach new highs in 2021 at an expected increase of 7%.

Marketing 521

Marketing Construction New Construction Equity 521

Housing Wire

JULY 20, 2023

Build a home instead of chasing after the scarce resale inventory 30% of available homes are new construction, so there are several advantages to this option. They may have a downpayment saved that isn’t their home equity. They might use a bridge loan to borrow their equity, close on the next home and then sell the old one.

Equity 284

Equity MLS Construction Agents 284

Keeping Current Matters

SEPTEMBER 16, 2021

New construction is starting to take off – Though new construction is not included in the realtor. com numbers, as more new homes are built, there will be more options for current homeowners to consider when they sell. The main reason is the level of equity homeowners currently have in their homes.

Sales 266

Sales New Construction Construction Equity 266

Housing Wire

NOVEMBER 30, 2021

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.

Lending 400

Lending Investor Loans New Construction 400

Housing Wire

JANUARY 6, 2022

The majority of the supply of homes for sale come from existing homes, not new construction. Furthermore, while rising equity may prompt some existing homeowners to move out and up in 2022, many owners were able to refinance into rock-bottom mortgage rates over the course of the pandemic. What about existing homes?

Construction 493

Construction New Construction Equity Sales 493

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.

New Construction 241

New Construction Equity Construction Closing 241

Marco Santarelli

APRIL 15, 2024

Homeowner Equity Another significant factor is the overall healthier balance sheet among homeowners. Many homeowners have built up substantial equity in their homes, which acts as a buffer against market fluctuations. This could initially support prices but could also lead to a bubble if demand decreases and supply suddenly increases.

Marketing 104

Marketing Equity Lending Construction 104

Housing Wire

APRIL 24, 2023

Home equity is also the primary source of wealth for most Americans. New construction, resales, refinances and home improvements account for approximately 16% of the U.S. Wealth can be used to start a business or educate children. GDP, roughly $3 trillion.

Closing 381

Closing New Construction Loans Equity 381

Lighter Side of Real Estate

JUNE 15, 2022

The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you’ve built up some equity. According to data in this realtor.com article , the number of existing homes for sale is up 15%, and new construction is up 5%. Lots of equity built up.

Equity 145

Equity New Construction Construction Sales 145

Realty Biz

JUNE 25, 2023

Those who have a house they've been paying off for years accumulate equity, which can be used as a part of your portfolio. To give you an example of what having equity can do, look at home equity lines of credit (HELOCs). Many don't realize it at first, but even homeownership is a type of investment.

House Flipping 103

House Flipping New Construction Equity Construction 103

Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Some markets like New Jersey don’t have land to build new homes.

Loan Officer 393

Loan Officer Mortgages Loans Closing costs 393

Housing Wire

SEPTEMBER 22, 2023

They did for a quarter as households sort of adjusted to the idea that they were going to be running at a new higher level. For existing homeowners, that’s good news because it means equity accumulation. These loans are going to refinance, and the consumer will be in good shape, building equity to become a move-up buyer.

FHA loan 442

FHA loan Bankruptcy Marketing Loans 442

Real Trends

OCTOBER 21, 2022

The bottom line, they won’t be flooding the market with new construction. Some 50% of homeowners who have mortgages enjoy more than 50% equity. In the Great Recession, homeowners owed more than homes were worth, with no equity, and more likely, negative equity. In 2008, 80% of mortgage loans were adjustable.

New Construction 105

New Construction Equity Short sale Construction 105

Propmodo

APRIL 23, 2024

Projects were larger in 2023, and the loans filled larger pieces of borrowers’ construction budgets because they could raise capital quickly. Traditional lenders aren’t writing as many checks for new construction projects, and PACE has filled the void. Only three loans have yet to be administered in New York City.

Lending 52

Lending Commercial Finance New Construction 52

HomeLight

APRIL 28, 2022

“I remember looking online and I found a sweet little home — I’m used to buying new construction but this was an older house — so I clicked on it and the agent called me and we started talking,” says Solis. With new construction, I would have had to hire a contractor to put in a pool.

New Construction 82

New Construction Construction Equity Agents 82

Zillow Market Reports

MARCH 11, 2024

New listings are coming on strongest compared to last year in the South – especially Texas and Florida. Substantial new construction in these areas is likely helping to free up existing homeowners and the market in general. The large generation of potential first time home buyers will be hoping new listings continue to climb.

Marketing 92

Marketing New Construction Construction Mortgages 92

Broke Agent Media

MAY 25, 2023

If you bought in 2000, and you had to sell in 2007/2008, it’s very likely you still had some real equity. But, for those who plan to stay in the house for five years or longer, historical data shows they are likely to build equity and be able to sell for a profit. What hasn’t happened over this period has been enough new construction.

Construction 98

Construction New Construction Equity Mortgages 98

Broke Agent Media

MARCH 24, 2023

Also discussed are the importance of lead conversion rates, property tax increases, future Fed rate hikes, and what agents should be discussing with buyers to maximize their home equity growth.

Equity 52

Equity New Construction Construction Agents 52

Housing Wire

JUNE 10, 2022

There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. Finally, the last closely watched trend in the housing market is construction activity. When I try to explain this to people, I have to relate to them in some way, help them understand.

Construction 382

Construction Closing New Construction Agents 382

Realtor.com

NOVEMBER 30, 2022

This includes only existing homes, which are previously lived-in residences, and excludes new construction.). New construction is anticipated to fall about 5.4% These predictions include only existing homes and exclude new construction.). The average homeowner will see their equity rise by $25,650 in 2023.

Mortgages 122

Mortgages New Construction Construction Sales 122

Broke Agent Media

MAY 17, 2023

[This] means that, as advisers, we will need to make sure clients understand the risk of negative equity very clearly. The slightest fall in house prices … will leave homeowners in negative equity, with the property worth less than the mortgage balance,” Cox said. Not a great place to be if your income drops and you need to sell.

Loans 52

Loans Mortgages Equity Construction 52

Realty Biz

JULY 20, 2022

However, once you have 20% equity in the property, you can apply to have this removed. This type of mortgage can be used, not only, to buy homes in rural areas, but also for renovations, new constructions, and relocating a house. If you bought a home in the last few years, it will make sense to check on your equity.

Loans 132

Loans FHA loan VA loan Equity 132

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We

Marketing 404

Marketing FHA loan Loans Mortgages 404

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. The Fed will reverse course. Resume QE of RMBS.

Construction 62

Construction New Construction Lending Equity 62

RIS Media

MARCH 18, 2022

She added, “Builders are working feverishly to get new construction and move-in ready homes on the market, but it’s going to take time for inventory to rise enough to curb runaway price growth. Homeowners may be worried about rising interest rates, since they make a new mortgage considerably more expensive.

Residential 98

Residential New Construction Equity Construction 98

Hank Miller Team

NOVEMBER 15, 2022

Equity – Homeowners gained a massive amount of equity during the last few years, that’s eroding as prices balance. While owner equity tends to be up, monthly expenses continue as equity on paper doesn’t pay the bills. Renovations – Cooped up in their homes, renovations and updating became a thing to do. Why move now?

Equity 52

Equity Renovation New Construction Land 52

Realty Biz

AUGUST 23, 2022

’ With buyers ready in the wings once confidence returns, homeowners can expect to keep the majority of the equity gains they’ve seen in the last two years.” on a monthly basis, yet new inventory fell 13.6% fewer new listings came on the market. Inventory is up 5.1% month over month in July. below July 2019.

Marketing 91

Marketing New Construction Equity Construction 91

Realty Biz

JUNE 30, 2022

But either way, this equity-building strategy isn’t for the faint of heart. It’s a chance to build a lot of equity fast when you purchase a $325,000 home in a neighborhood of $425,000 homes without multiple other buyers attempting to outbid you. Back Door Entry to a Ritzy Area.

Equity 102

Equity New Construction Staging Construction 102

Broke Agent Media

MAY 16, 2023

In fact, homes are selling more quickly in 2023 than in 2019—a year that brought an increase in new construction , improved affordability , and a boost in home purchases. Only 43% of postponers have at least 50% equity in their homes, while 53% of active movers have 50% or more. Source: Opendoor Across the U.S.,

Marketing 98

Marketing Purchase and sale agreement Construction Equity 98

Redfin

JULY 14, 2023

Building equity Owning a home provides a unique opportunity to build equity over time. Equity represents the difference between the market value of your property and the remaining balance on your mortgage. Maintenance costs With homeownership comes the added responsibility of maintaining your home and property.

Equity 47

Equity Fixed-rate mortgage Closing costs Inspection 47

Realty Biz

OCTOBER 21, 2023

Development financing for larger new construction projects and alternative financing approaches should also be considered. Let's explore some of the alternatives: Using Home Equity as Collateral One potential avenue for financing is utilizing the equity in your existing home as collateral.

Loans 111

Loans Finance Construction Commercial 111