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Why Purchasing New Construction Can Be a Smart Move for First-Time Homebuyers

Realtor.com

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. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.

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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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What to expect from homebuilders in 2023

Housing Wire

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. It’s fair to say that 2022 has been a depressing year for homebuilders.

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Opinion: the “side hustle” Millennials will fuel mortgage innovation

Housing Wire

Now, these younger buyers are driving financial institutions to adapt to their expectations for more streamlined user experiences , accelerating digital transformations with new technology that will move the mortgage industry into a truly digital age. . Condo markets and new construction will swell.

Mortgages 349
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Frank Martell talks loanDepot’s restructuring, path to profitability and M&As 

Housing Wire

lender in 2022 to 13th in the first half of 2023, per Inside Mortgage Finance estimates. That’s new construction. We had LDI Digital, which included mellohome, with a component of Realtor [aspects] and also the component technology. So there’s mello technology. The mello technology is a calling card.

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Higharc $53M Series B timed with growth in new-home sales

Inman

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

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LenderPulse Q4 2023 survey: Mortgage pros still see opportunities in the housing market

Housing Wire

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. About 37% of respondents were spending money in social media and 34.8%

Mortgages 371