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.

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New Construction Construction Inspection Finance 52

Realty Biz

NOVEMBER 8, 2022

New construction homes are becoming increasingly popular. They offer many advantages, such as the ability to customize your home to your specific needs and wants, and the peace of mind that comes with knowing your home is brand new. It’s important to do your research before picking the new construction home you want to be in.

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New Construction Construction Land Closing 80

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.

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Sales New Construction Construction Mortgages 427

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” ” Amid the challenging landscape, Guerin, from New Jersey-based AFR, said the company doubled its efforts to do more renovation loans. 1 product to help first-time homebuyers get their houses. But it is also getting creative in a down market. .”

Mortgages 469

Mortgages VA loan Finance Loans 469

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.

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New Construction Construction Probate sale Investor 52

Housing Wire

JULY 26, 2023

“The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low. It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. from a month prior, but down 3.6% compared to June 2022. “The

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Sales New Construction Marketing Construction 368

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!

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Pre-qualification New Construction MLS Construction 370

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.

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New Construction Construction Finance Closing costs 76

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? Are they in a situation where they can compete for a home if necessary?

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Proof of funds Inspection contingency Inspection MLS 426

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

American Lifestyle

SEPTEMBER 25, 2020

The post Buying a New Construction Home appeared first on American Lifestyle Magazine.

New Construction 81

New Construction Construction Loans Finance 81

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 367

Sales Construction New Construction Finance 367

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.

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As-is Sales New Construction MLS 497

Housing Wire

NOVEMBER 22, 2023

New construction starts and permits showed surprising strength in October while existing-home sales slumped to their worst reading since 2010. This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.”

Mortgages 446

Mortgages New Construction Construction Sales 446

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. “We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

Mortgages 417

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 417

Housing Wire

NOVEMBER 30, 2023

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% Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010.

Sales 475

Sales New Construction Construction Mortgages 475

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 480

New Construction Construction Development Finance 480

Housing Wire

MAY 30, 2023

Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3% As a result, prices started picking back up on a monthly basis in early 2023 following months of price stagnation and declines,” Nicole Bachaud, Zillow’ s senior economist, said in a statement. “As House prices were up 0.5% compared to the fourth quarter of 2022.

Mortgages 406

Mortgages Fixed-rate mortgage Construction New Construction 406

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

Housing Wire

APRIL 14, 2023

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 First-time buyers today need more housing inventory to improve affordability.

Investor 427

Investor Equity New Construction Mortgages 427

Housing Wire

JANUARY 18, 2024

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. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

Fixed-rate mortgage 529

Fixed-rate mortgage Mortgages New Construction Construction 529

Housing Wire

JULY 27, 2023

The cost of financing a median-priced U.S. Some buyers have turned to new construction to secure a home, and builders are ramping up their workforces to complete projects. home, assuming a 20% downpayment, rose 12.4% from June 2022, according to Realtor.com economic researcher Hannah Jones. Year-over-year, sales dropped 18.9%

Fixed-rate mortgage 364

Fixed-rate mortgage Mortgages Loans New Construction 364

Housing Wire

AUGUST 3, 2023

Rocket’s share of the purchase business jumped to 55% in the first three months of 2023, according to data from Inside Mortgage Finance (IMF). It’s not specific or exclusive to one or the other and we’re actually happy about the growth in both,” Emerson said to an analyst asking where the purchase market share gains came from.

Loans 362

Loans Mortgages Loan Officer Principal 362

Housing Wire

NOVEMBER 15, 2023

Meanwhile, he counts on home builders to ramp up new construction, as the existing-home inventory shortage lifts demand for new homes. In 2023, new-home sales are up 5% year to date, Yun said. .” According to Yun’s forecast, mortgage rates will fall to between 6% and 7% by spring 2024.

Sales 454

Sales New Construction Staging Mortgages 454

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

Housing Wire

FEBRUARY 4, 2021

Here’s how Dannielle Hale, chief economist for Realtor.com, put it in her recent 2021 forecast: “The housing market in 2021 will be much more hospitable for buyers as an increased number of existing sellers and ramp-up in new construction restore some bargaining power for buyers, especially in the second half of the year.”.

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Earnest money deposit Pre-approval Marketing New Construction 546

Housing Wire

OCTOBER 26, 2023

Compared to 2022, NAR expects the sale of new homes to grow by 4.5% in 2024, hitting 800,000 new homes. For those new construction units, the national median new home price is projected to drop by 5.9% in 2023, reaching an annual rate of 670,000. They project it to grow by another 19.4% in 2024, to $445,800.

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Sales New Construction Mortgages Construction 404

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. This USDA program, however, is in serious trouble. The LIHTC program, administered through the U.S.

New Construction 497

New Construction Finance Construction Mortgages 497

Housing Wire

OCTOBER 5, 2023

This could make raising capital for new construction projects harder, and more expensive, everywhere. Investors who have been burned by events in China may also start seeing ghosts in other markets and decide the risk profile is just too unfavorable.

Marketing 426

Marketing Residential Investor New Construction 426

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.

Mortgages 415

Mortgages Marketing Banks New Construction 415

Patch of Land

OCTOBER 26, 2018

It speaks to the increased rate of financed home flips in Q1 of this year and the rise of lenders expanding the fix-and-flip market. Flips purchased with financing rise to 9.5-year But, investors continue to find deals and set records while increasingly tapping the debt markets to finance their flips. A Look Toward the Future.

Finance 31

Finance Investor New Construction Lending 31

Marco Santarelli

APRIL 21, 2024

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. According to CoreLogic , prices soared by approximately 70% from the onset of the pandemic in 2020 until the end of last year, as reported by the Federal Home Finance Agency.

Mortgages 105

Mortgages Marketing New Construction Land 105

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 407

Marketing FHA loan Loans Mortgages 407

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.

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Loans Construction VA loan Finance 103

Housing Wire

FEBRUARY 8, 2024

With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad.

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Agents Construction Design Branding 405

Inman

FEBRUARY 16, 2024

Construction technology company Higharc closed a $53 million Series B round of financing led by Spark Capital and Pillar VC.

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Construction Sales Technology Finance 151

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. Buyers want to feel confident in the builder and their financial qualifications when building a new house.

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Loans Finance Construction Commercial 108