Housing Wire

APRIL 5, 2024

Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement. “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. .

Pre-approval 427

Pre-approval Marketing New Construction Construction 427

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. Fueling this increase is new construction, according to Divounguy, even though the 1.3% Over the past year, the value of the U.S.

Marketing 509

Marketing New Construction Finance Construction 509

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. “Simply put, total homeownership costs are more than a monthly mortgage payment alone.” Getty Images. Getty Images.

New Construction 110

New Construction Construction VA loan Finance 110

Housing Wire

MAY 30, 2023

The average rate in March on a 30-year-fixed rate mortgage in March was 6.54%, with the rate dropping to 6.34% in April. Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3% increase in home prices in the first quarter of 2023 from the first quarter in 2022.

Mortgages 403

Mortgages Fixed-rate mortgage Construction New Construction 403

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. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. in events to garner business. Roughly 36.3%

Mortgages 408

Mortgages Marketing Banks New Construction 408

Housing Wire

AUGUST 10, 2023

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. According to Lawrence Yun, chief economist and senior vice president of research at NAR , “mortgage rates are likely to be past their peak and on the way downward.” since May of this year, the 4.2

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

FEBRUARY 24, 2023

“January marked a surge of people signing contracts to buy new homes. The increase in contract signings can be attributed to a decline in mortgage rates in January after a run-up in rates in October and November ,” Holden Lewis, NerdWallet ’s home and mortgage expert, said in a statement. months in December.

Sales 424

Sales New Construction Construction Mortgages 424

Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

New Construction 52

New Construction Construction Inspection Finance 52

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

Housing Wire

SEPTEMBER 26, 2023

However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months. Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

As-is 492

As-is Sales New Construction MLS 492

Housing Wire

NOVEMBER 30, 2023

As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% 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% Pending home sales in October fell to their lowest level since 2001.

Sales 469

Sales New Construction Construction Mortgages 469

Housing Wire

JULY 26, 2023

In June, the sales pace of new homes fell 2.5% On a year-over-year basis, however, new home sales were up 23.8%. That more or less lined up with mortgage application data for new builds , which showed demand up 26% year-over-year in June but down 5% from May. from a month prior, but down 3.6% compared to June 2022. “The

Sales 365

Sales New Construction Marketing Construction 365

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Should they consider new construction? In today’s market, having a preapproval, at the minimum, is a must.

Proof of funds 419

Proof of funds Inspection contingency Inspection MLS 419

Marco Santarelli

APRIL 21, 2024

The recent surge in mortgage rates has sent shockwaves through the U.S. While prices for new construction and land remain robust, the condominium market is experiencing a downturn, driven in part by the burden of high mortgage rates. housing market , marking a pivotal moment for homeowners and prospective buyers alike.

Mortgages 105

Mortgages Marketing New Construction Land 105

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). ” According to Yun’s forecast, mortgage rates will fall to between 6% and 7% by spring 2024.

Sales 450

Sales New Construction Staging Mortgages 450

Housing Wire

AUGUST 18, 2023

New construction in the area that competes with your potential listing Remember when builders provide in-house financing, they often can sell a more expensive home for the same payment as your resale. Know what’s going on with the new construction!

Pre-qualification 369

Pre-qualification New Construction MLS Construction 369

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.

New Construction 52

New Construction Construction Probate sale Investor 52

Housing Wire

JULY 18, 2023

“The lack of resale inventory means prospective home buyers who have not been priced out of the market continue to seek out new construction in greater numbers,” Alicia Huey, the chairman of the NAHB, said in a statement. “At More housing supply is good news for future shelter inflation readings in the market.

Sales 362

Sales Construction New Construction Finance 362

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. billion of mortgage servicing rights. So that’s the good news. billion from $8.1

Loans 352

Loans Mortgages Loan Officer Principal 352

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. These all-cash homebuyers are happily avoiding the higher mortgage interest rates, which touched 7% in the fall of 2022 before trending down to the current rate of 6.28%. Today, the average is 2.7

Investor 423

Investor Equity New Construction Mortgages 423

Realtor.com

NOVEMBER 7, 2022

“Occasionally, builders may have some wiggle room to provide to a buyer something like a refrigerator—new construction doesn’t always include one—or blinds, or something along those lines, to incentivize a buyer further to make a move during a specific time frame, like by the end of the month or quarter,” says Mackey.

New Construction 76

New Construction Construction Finance Closing costs 76

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Overview of the different readings in September New home sales data, released Wednesday, increased significantly in September. in 2024, to $445,800.

Sales 396

Sales New Construction Mortgages Construction 396

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 404

Marketing FHA loan Loans Mortgages 404

Housing Wire

FEBRUARY 4, 2021

Qualify for the lowest mortgage rate you can. Fortunately, record-low mortgage rates can help offset those rising prices — that is, if you can snag them. A mortgage pre-approval is non-negotiable in this environment. Need a real estate agent? Here’s how to pick the right one. just this year. The long and short of it?

Earnest money deposit 546

Earnest money deposit Pre-approval Marketing New Construction 546

American Lifestyle

APRIL 2, 2021

The post Looking for New Construction? Here’s What to Keep in Mind appeared first on American Lifestyle Magazine.

New Construction 92

New Construction Construction Closing Finance 92

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

Debt-to-income ratio 408

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 408

Marco Santarelli

MAY 14, 2024

Austin's Pandemic Boom According to a report published on Yahoo Finance. As mortgage rates rise, new construction enters the market, and some out-of-towners depart, the fervor that characterized Austin's housing boom is gradually subsiding. Here are the latest trends in the Austin housing market.

Marketing 104

Marketing New Construction Construction Finance 104

Marco Santarelli

MAY 7, 2024

A recent survey by the New York Fed has sent shivers down the spines of aspiring homeowners. The survey paints a picture of consumers anticipating a dramatic rise in mortgage rates, potentially reaching a staggering 10% within three years. in mortgage rates within the next year, followed by an even steeper climb to 9.7%

Mortgages 52

Mortgages Pre-approval Construction New Construction 52

Housing Wire

OCTOBER 5, 2023

This could make raising capital for new construction projects harder, and more expensive, everywhere. In turn, this capital flow will tend to push down mortgage rates, potentially providing some relief from one of the biggest factors holding the US real estate market back from a full recovery.

Marketing 419

Marketing Residential Investor New Construction 419

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. So, they prepay the mortgage and sell the property, or sell it once the mortgage matures. “A

New Construction 492

New Construction Finance Construction Mortgages 492

Housing Wire

APRIL 26, 2024

The “Adoption of Energy Efficiency Standards for New Construction of HUD- and USDA-Financed Housing” was published on Friday in the Federal Register, and will go into effect on May 28. The implementation timeline varies based on the type and location of new construction. Department of Energy (DOE) and HUD itself.

New Construction 472

New Construction Construction Development Finance 472

Propmodo

APRIL 23, 2024

Commercial Property Assessed Clean Energy is a sustainable financing mechanism state policy enables. It provides long-term, fixed-rate, and non-recourse loans for up to 30 years for any aspect of real estate construction that enhances energy or water efficiency. The green financing idea has come a long way since then.

Lending 62

Lending Commercial Finance New Construction 62

Realty Biz

AUGUST 3, 2021

Silverton Mortgage , a leading direct residential mortgage lender, announced its newest partnership with clover & hive , a new home builder that offers a modernized and simplified approach to home buying with pricing starting in the low $300s. Vanderbilt Mortgage and Finance, Inc., Silverton’s 36th location.

Mortgages 103

Mortgages Residential Loans Banks 103

Realty Biz

OCTOBER 21, 2023

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Builders may face difficulties obtaining financing due to the higher risks of speculative projects.

Loans 108

Loans Finance Construction Commercial 108

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Mortgage applications for new home purchases increased 20.6% MBA’s survey tracks application volume from mortgage subsidiaries of homebuilders across the country. in August on a year-over-year basis.

New Construction 381

New Construction Construction Mortgages VA loan 381

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. But why push a mortgage product like this right now?

Loans 52

Loans Mortgages Equity Construction 52

Realty Biz

FEBRUARY 24, 2024

Traditional VA loans are subject to conforming loan limits, which vary by county and are determined by the Federal Housing Finance Agency (FHFA). Key Features of VA Jumbo Loans: Higher Loan Limits: VA Jumbo Loans provide eligible veterans with the opportunity to secure financing for homes that exceed the standard VA loan limits.

Loans 103

Loans Construction VA loan Finance 103