Housing Wire

APRIL 5, 2024

Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest. “Attractive homes are moving fast, so those looking to buy this spring should get their finances in order now, including getting pre-approved for a home loan.

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Pre-approval Marketing New Construction Construction 482

Housing Wire

SEPTEMBER 14, 2023

It indicates that a larger share of first-time homebuyers are active in the new home sales market. Our estimate of new home sales showed a 4% increase to the strongest pace of sales in three months at 702,000 units,” he added. The FHA share of applications dipped slightly in August but remained high, noted Kan.

New Construction 418

New Construction Construction Mortgages VA loan 418

Housing Wire

DECEMBER 20, 2024

New Hampshire s hot housing market has spiraled the Granite State into crisis mode. I think there would be even stronger growth and more stability in the market if we had more houses for sale, he added. And it creates this holding pattern, preventing new people from filtering into the housing ecosystem.

Construction 434

Construction Land Development New Construction 434

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. We were up year over year in inventory , but we were at a 25 year low on new listings.” In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03 in mid-January 2024.

Marketing 468

Marketing New Construction Construction As-is 468

Housing Wire

MAY 16, 2024

As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. was $335,170, compared to $414,990 for new construction homes.”

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Sales New Construction Construction Finance 468

Housing Wire

MARCH 25, 2024

Additionally, mortgage applications for new homes surged in February as a lack of existing homes for sale continued to fuel the demand for new construction. But a slight uptick in mortgage rates held back the pace of new home sales in February, according to NAHB chief economist Robert Dietz. from a year ago.

Sales 487

Sales New Construction Construction MLS 487

Housing Wire

JULY 26, 2023

“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low.

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

FEBRUARY 13, 2025

This move follows Kiavi’s recent expansion announcement , in which it shared plans to offer its products in 13 new states. And with more markets under its belt, more funding is an important factor in the company’s future growth. It also launched a new construction financing product for builders.

Land 246

Land Investor Principal New Construction 246

Marco Santarelli

OCTOBER 13, 2024

Finding the 10 best real estate markets for investors is the first step to making that dream a reality. This guide dives deep into ten markets currently showing impressive growth potential for investors, but remember: real estate investment involves risk. Ever dreamed of building a serious real estate portfolio?

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Investor Marketing Due diligence Finance 122

Housing Wire

JULY 16, 2024

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation.

New Construction 488

New Construction Construction Land Development 488

Housing Wire

FEBRUARY 24, 2023

The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement.

Sales 459

Sales New Construction Construction Mortgages 459

Housing Wire

SEPTEMBER 27, 2021

During the second quarter 4,500 completed new builds came to market, increasing the affordable housing inventory by 0.4%. As for new construction, 2021 completions are projected to finish the year at over 40,000 units.”. Last week, the Federal Housing Finance Agency extended multifamily forbearance indefinitely.

New Construction 488

New Construction Construction Finance Mortgages 488

Housing Wire

AUGUST 5, 2024

Rechat’s Experience Management Platform aims to integrate its products into the production of marketing materials while increasing client engagement and giving real estate professionals a central hub for their business operations. .” Rechat will offer its suite of tools and services to all Peerage Realty brokerages. and Canada.

Technology 450

Technology New Construction Residential Construction 450

Housing Wire

SEPTEMBER 25, 2024

Data points show it’s a microcosm of these market-cooling trends, yet the state remains a real estate growth leader. In Florida, new housing inventory has not grown significantly: the number of newly listed homes stands at 43,081, an 8.8% But unlike domestic buyers in the current market, foreign buyers have less concern about costs.

Investor 448

Investor New Construction Construction Residential 448

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “There is too much distraction in the market; there are some negative folks out there.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. 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. In the U.S.,

Marketing 459

Marketing Residential Investor New Construction 459

Housing Wire

FEBRUARY 12, 2024

residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

Lending 457

Lending New Construction Construction Finance 457

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. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

Marketing 435

Marketing FHA loan Loans Mortgages 435

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). Home price gains hit a new high , rising 0.6%

Mortgages 448

Mortgages Marketing Banks New Construction 448

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. The business appears durable, too. is short of 1.5

Construction 476

Construction New Construction Lending Sales 476

Housing Wire

OCTOBER 25, 2023

According to Alicia Huey, chairman of the National Association of Home Builders (NAHB), the lack of existing inventory is the reason why more homebuyers turn to new construction. However, she expects the housing market to slow in the coming months as affordability headwinds persist. from $430,300 in August.

Sales 448

Sales New Construction Construction Finance 448

Housing Wire

AUGUST 16, 2024

It’s a bit more complicated for the multifamily (5+ unit) construction world as their financing isn’t so directly tied to 30-year mortgage rates, and rent growth for apartments is cooling. The existing-home sales market has been in recession since June 2022, but the new-construction sector is not there.

Construction 535

Construction Residential New Construction Finance 535

BAM Media

DECEMBER 17, 2024

2025 is shaping up to be another challenging year for the housing market, but its not all bad news. Fannie Maes 5 Housing Market Predictions for 2025 Lets break down Fannie Maes housing market predictions for 2025 and explore how skill-based agents can turn market challenges into opportunities. million in 2025a 4.8%

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Agents Marketing New Construction Construction 103

Housing Wire

SEPTEMBER 4, 2024

The plan also addresses environmental impact concerns of new construction, Rubio said, by paying attention to the floodplain of Portland’s urban center. The council has begun exploring the establishment of new tax increment financing districts in these areas.

Construction 448

Construction New Construction Finance Land 448

Housing Wire

FEBRUARY 1, 2021

To explore how America can create the right kind of supply for today’s market, we first examined the attitudes and preferences of prospective homebuyers. Putting aside the yet unknown long-term effects of COVID-19, a healthy housing market needs to grow by providing opportunities for all generations, from Gen Z to seniors.

Finance 435

Finance New Construction Industrial Staging 435

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. ” The Fed’s short-term rate does not directly impact long-term mortgage rates but it does steer market activity to create higher rates and reduce demand. About 9.1%

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

JUNE 21, 2024

SmartAsset, a personal finance and fintech website, ranked the 100 largest U.S. While this market could favor those who are looking to sell their homes and move to a less expensive area, hopeful first-time homebuyers may be feeling the squeeze.“ metro areas are leading the way for home-price appreciation. in April 2024.

New Construction 418

New Construction Construction Sales Finance 418

Housing Wire

JUNE 6, 2023

Boston – Contacts around the District attribute the still-low sales numbers to low inventories more than to weak demand, as slightly lower mortgage rates have helped bring more buyers to the market. New York – The residential sales market has been strong across the District.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

NOVEMBER 7, 2024

homebuilding industry to Fannie Mae’s accomplished and diverse board, which guides the company’s efforts to responsibly expand access to mortgage credit and finance quality, affordable rental housing ,” the company said in a statement. housing market,” Almodovar said. Stowell brings nearly 40 years of experience in the U.S.

New Construction 370

New Construction Residential Construction Industrial 370

Marco Santarelli

JANUARY 15, 2025

According to Zillows analysis, the hottest housing markets for 2025 will be largely concentrated in the Northeast and Midwest, with Buffalo, NY topping the list again. These markets stand out due to their mix of relative affordability, job growth, and a fast pace of sales. More households means more people looking for homes.

Marketing 98

Marketing Pre-approval Sales New Construction 98

Housing Wire

NOVEMBER 30, 2023

Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. New home sales fell 5.6%

Sales 497

Sales New Construction Construction Mortgages 497

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. Today, the average is 2.7

Equity 459

Equity Investor New Construction Mortgages 459

Marco Santarelli

MARCH 9, 2025

Are you feeling a bit uneasy about the housing market lately? The latest data points to California, Illinois, and pockets of Florida and the New York City metropolitan area as the regions facing the most significant risk of a major housing market downturn. California: The Golden State's Housing Market Facing a Reality Check?

Marketing 131

Marketing Mortgages As-is Finance 131

Housing Wire

AUGUST 8, 2024

That’s according to a new report from Redfin , which shows that housing has added $3.1 New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. New York, Los Angeles, Atlanta and Boston were already there. That’s a 6.6% all crossed the mark.

New Construction 459

New Construction Equity Construction Marketing 459

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. As a result, I think it has actually insulated some aspects of the market.

Construction 397

Construction New Construction Fixed-rate mortgage Finance 397

Housing Wire

NOVEMBER 27, 2023

However, new home sales were still up year-over-year due to a lack of housing inventory in the resale market. Builders have been struggling with the increased cost of borrowing, while many buyers were priced out of an unaffordable housing market. Builder confidence fell to 40 in October. Nationwide, 30.6%

Sales 448

Sales New Construction Construction Closing costs 448

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. New Home Supply. The monthly supply for new homes is currently at 3.3 If supply goes over 6.5 Hard pass.

Construction 545

Construction Mortgages Sales Finance 545