Housing Wire

JULY 19, 2024

. “We have built enduring trust with a network of over 3,5000 established brokers and non – delegated correspondents who have remained partners with Flagstar for over 35 years,” said Rich Hoffmann, Senior Vice President and TPO National Sales Director.”

Lending 449

Lending New Construction Renovation Banks 449

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

DECEMBER 2, 2020

Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. But if a vaccine is rolled out quickly, it could lead to “better than expected sales” and an increase in home prices and inventory.

Marketing 527

Marketing Construction New Construction Equity 527

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers.

Agents 460

Agents Equity New Construction Days on market 460

Housing Wire

JULY 22, 2021

After four consecutive months of declines, existing home sales increased in June, jumping 1.4% Sales climbed 22.9% “That’s due to more housing starts and existing homeowners listing their homes, all of which has resulted in an uptick in sales,” said Lawrence Yun, NAR’s chief economist. month supply.

Sales 502

Sales New Construction Equity Construction 502

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. You can’t buy what’s not for sale. It’s not all bad news, however.

Construction 506

Construction New Construction Equity Sales 506

Keeping Current Matters

MARCH 10, 2021

Home sales and prices were both up substantially over the year before. As the next graph shows, there were too many homes for sale in 2007, and that caused prices to tumble. New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void.

Equity 320

Equity New Construction Construction Short sale 320

Keeping Current Matters

JULY 27, 2021

Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you. That means if we build even more new houses than the norm every year, it’ll still take a decade to close the underbuilding gap contributing to today’s supply-and-demand mix.

New Construction 333

New Construction Construction Equity As-is 333

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. months, the builders are ok with construction as long as new home sales grow.

Construction 545

Construction Mortgages Sales Finance 545

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 493

Finance Construction Renovation Loans 493

Housing Wire

APRIL 20, 2022

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project.

Loans 388

Loans Lending Construction Banks 388

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. .”

New Construction 126

New Construction Construction Development Renovation 126

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. On the production side, the mortgage business is in recession because the levels of existing-home sales are back where they were at the end of the great financial crisis at around 4 million units. That’s very low historically.

FHA loan 460

FHA loan Bankruptcy Marketing Loans 460

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. The recent surge in prices is the result of heavy buyer demand and a shortage of homes available for sale. What’s happening with home prices right now? What about next year?

New Construction 307

New Construction Equity Construction Closing 307

Keeping Current Matters

JULY 20, 2021

As prices began to fall, that caused many to spiral into a negative equity situation (where their mortgage was higher than the value of the house). Today, homeowners are letting their equity build. In 2006, that number was $4.6 Today, that number is barely two months.

Equity 316

Equity Loans Construction Mortgages 316

Housing Wire

AUGUST 3, 2023

New-home sales were up nearly 24% in June year over year, according to the U.S. Meanwhile, existing-home sales plummeted by 19% in June year over year after declining by 20% in May, according to the National Association of Realtors. Also helping to propel new-home sales is a huge deficit in existing homes.

Land 370

Land Construction Development Finance 370

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.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Marco Santarelli

NOVEMBER 2, 2024

According to a recent report from Bankrate , as of October 2024, the median sale price for existing homes was around $404,500 , reflecting sustained price levels despite a slowing sales pace (Bankrate). Anticipating the Future: What Lies Ahead in 2025? Looking toward 2025, industry analysts are cautiously optimistic.

Marketing 110

Marketing Construction New Construction Mortgages 110

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 403

Loan Officer Mortgages Loans Closing costs 403

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. It’s an essential skill for anyone who wants to be successful in sales, coaching, and leadership. Finally, the last closely watched trend in the housing market is construction activity.

Construction 388

Construction Closing New Construction Agents 388

Real Trends

MARCH 29, 2023

Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011. The post Opinion: will we see massive price drops in new construction? appeared first on RealTrends.

New Construction 94

New Construction Construction Banks Development 94

Keeping Current Matters

FEBRUARY 24, 2021

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for sale is down 25.7%. There are 360,000 fewer single-family homes for sale today than there were at this time last year.

Pre-approval 327

Pre-approval Construction Equity Sales 327

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.” The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in 2022, the weakest showing since 2014.

Marketing 417

Marketing FHA loan Loans Mortgages 417

HomeLight

DECEMBER 31, 2021

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. As you map out your plans for 2022, you may be thinking of ways to keep building more equity or use what you’ve recently acquired. What is home equity in simple terms?

Equity 116

Equity Principal Loans Renovation 116

HomeLight

SEPTEMBER 25, 2023

Explore a bridge loan and let your home’s equity help fund your next house in the short term. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 109

Equity Loans Debt-to-income ratio Home sale contingency 109

Marco Santarelli

JUNE 28, 2025

Let's break down some of the key elements of his prediction: Anticipated Rebound in Home Sales: Despite a slower start to 2025 than initially expected, Yun believes that both existing-home sales and new-home sales will pick up steam. million new jobs being added to the economy in 2025.

Marketing 72

Marketing New Construction Mortgages Construction 72

Lab Coat Agents

APRIL 21, 2025

Combining AI with Human Insight From property values to sale histories, most real estate data can be overwhelming to analyze manually. Over time, comparing AVMs predictions against final sales prices can help you learn how to leverage this powerful tool best. Without advanced tools, detecting patterns can take a lot of time.

Agents 82

Agents Short sale Finance New Construction 82

Housing Wire

OCTOBER 23, 2023

He was not hired to restructure loanDepot and sell it, even though “every public company is for sale,” in his general opinion. Despite the fact that the market is so bad, we’re investing quite a bit of money in re-platforming and in some of the key point-of-sale systems. That’s new construction.

Technology 430

Technology Loan Officer Loans As-is 430

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

RIS Media

JULY 22, 2021

Following four consecutive months of declines, existing-home sales bounced back in June, increasing 1.4% Single-family home sales decreased to a seasonally adjusted annual rate of 5.14 Single-family home sales decreased to a seasonally adjusted annual rate of 5.14 Existing-Home Sales: 1.33 Existing-Home Sales: 2.59

Sales 98

Sales Construction New Construction Equity 98

Marco Santarelli

JUNE 19, 2025

Rebound in home sales : Existing-home sales are projected to rise by 6%, while new-home sales could jump by 10% compared to 2024. million new jobs in 2025 will bolster housing demand. Low distressed sales : With serious mortgage delinquencies remaining minimal, there’s little risk of a foreclosure surge.

Marketing 59

Marketing New Construction Investor Mortgages 59

Marco Santarelli

JUNE 12, 2025

The median existing home sale price hit $414,000 in April 2025 , marking a long streak of yearly increases. Here's a quick snapshot: Median Home Sale Price (April 2025): $414,000 (+1.8% Here's a quick snapshot: Median Home Sale Price (April 2025): $414,000 (+1.8% Existing home sales saw a 2.0%

Equity 59

Equity Mortgages Due diligence Sales 59

Marco Santarelli

JANUARY 20, 2025

This shortage is due to several factors, like a slowdown in new construction following the 2008 crash and homeowners' reluctance to sell during times of economic uncertainty. Many homeowners also have much more equity in their homes, giving them more financial flexibility. People are largely managing their mortgage payments.

Marketing 103

Marketing Lending Mortgages Loans 103

Marco Santarelli

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.

New Construction 52

New Construction Construction Probate sale Investor 52

Marco Santarelli

JUNE 14, 2025

Let's break down some of the key elements of his prediction: Anticipated Rebound in Home Sales: Despite a slower start to 2025 than initially expected, Yun believes that both existing-home sales and new-home sales will pick up steam. million new jobs being added to the economy in 2025.

Marketing 59

Marketing New Construction Mortgages Construction 59

Realtor.com

NOVEMBER 30, 2022

After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now desperately trying to read the tea leaves to figure out where real estate prices, inventories, sales, and mortgage rates are going in the coming year. This is what homebuyers, home sellers, and renters can expect in the new year. .”

Mortgages 122

Mortgages New Construction Construction Sales 122

Marco Santarelli

JUNE 27, 2025

Impact on Home Affordability : Lower rates improve buyer affordability, potentially boosting home sales and stimulating the housing market. Many homeowners could benefit from refinancing at lower rates, improving cash flow, or accessing equity.

Mortgages 52

Mortgages Loans Equity Principal 52