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Proprietary Capital completes acquisition of AFR, hires new COO

Housing Wire

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. The financials of the deal were not disclosed.

Lending 324
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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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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. As buyers wanted to find the perfect property, before interest rates rose, they were willing to offer all cash to sellers so their offer was not contingent on financing. Today, the average is 2.7

Investor 407
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Mortgage rates dip to 6.6% to mark the lowest level since May 2023

Housing Wire

Housing starts declined 9% in 2023, an indication that homebuyers looking to purchase a new construction home may continue to struggle with the lack of inventory this year. More than 57% of investors have priced in at least a quarter-point cut in March, according to the CME Group’s FedWatch tool.

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Opinion: The ripple effect on the U.S. housing market from China’s real estate crisis

Housing Wire

Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted. This could make raising capital for new construction projects harder, and more expensive, everywhere. In the U.S.,

Marketing 386
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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” How are you going to build millions of homes if you can’t get the financing to develop the lots in the first place?”

Land 364
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Ginnie Mae announces expansion of ESG MBS label to single-family pools

Housing Wire

This team during my tenure has done the yeoman’s work of really amplifying, collecting and gathering all the loan-level data that is in our securities to be able to disclose that data to investors, so they really understand what’s in the pools that they’re buying and what they’re investing in.”

Investor 326