Housing Wire

SEPTEMBER 22, 2022

“Now the Fed has signaled that it will hike rates several more times this year and next year, so mortgage rates have plenty of room to go up even more.”. We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. Existing home sales are down 19.9%

Mortgages 414

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 414

Housing Wire

DECEMBER 12, 2023

To overcome these headwinds, builders quickly turned to lowering mortgage rates through permanent rate buydowns — a tool last widely used in the early 1980s when the rates exceeded 12%. This phenomenon becomes clearly apparent when compared to existing home sales, for which these buydowns are very rare.

Debt-to-income ratio 414

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 414

Realtor.com

NOVEMBER 7, 2022

. “You will find these incentives explained on websites, social media, signs, and other places a builder might advertise to the public,” explains Kimberly Mackey , founder of New Homes Solutions and a sales and marketing management consultant specializing in residential homebuilding.

New Construction 76

New Construction Construction Finance Closing costs 76

Marco Santarelli

APRIL 20, 2024

Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. Regional Variations: Similar to home prices , the availability of homes for sale will likely vary by region.

Marketing 105

Marketing Pre-approval Fixed-rate mortgage New Construction 105

Housing Wire

OCTOBER 21, 2020

Fratantoni brought up this point, saying that short-term rates will stay at 0% at least until 2022 and said that we will see a very cautious Fed when it comes to raising rates from here. However, he forecasted that rates will steadily rise over the next year. Housing inventory and prices.

Mortgages 404

Mortgages FHA loan Fixed-rate mortgage Loans 404

Realty Biz

APRIL 19, 2024

Redfin reported that in January 2024, the American median home sale price was approximately $402,000. The 30-year fixed-rate mortgage rate was at 6.6 In the last few years, May 2022 experienced the highest median real estate sale price at about $440,000. This average increased by 5.1 What’s the key takeaway?

Marketing 90

Marketing Fixed-rate mortgage Construction Banks 90

Marco Santarelli

NOVEMBER 1, 2023

This “higher for longer” interest rate environment is expected to not only affect demand but also constrain supply. New construction may dwindle, and prospective sellers may be discouraged from listing their homes for sale due to rising mortgage rates. What Actions Should Home Buyers Take Now?

Marketing 52

Marketing Fixed-rate mortgage Construction Banks 52

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. This interview has been edited for length and clarity.

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Construction New Construction Fixed-rate mortgage Finance 382

Redfin

JULY 14, 2023

If you’re considering buying a home in Birmingham, it’s important to know the median sale price for a home is $255,000. In 2022, the average home price was around $300,000 and today the median sale price is around $255,000. The average rent for a 1-bedroom apartment in Birmingham is $1,060 and $1,300 for a 2-bedroom apartment.

Equity 48

Equity Fixed-rate mortgage Closing costs Inspection 48

Realtor.com

JANUARY 26, 2022

But in today’s wild and scary housing market—where prices seem to have no ceiling, mortgage rates are once again climbing, and the number of homes going up for sale is paltry—the answer is a bit more complicated than usual. That’s even more than the increase in for-sale home prices. Denver, CO. Denver, CO.

Fixed-rate mortgage 105

Fixed-rate mortgage Mortgages As-is Construction 105

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Realty Biz

MARCH 21, 2023

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems.

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Sales MLS Short sale Residential 101

Realty Biz

MAY 21, 2023

Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92

Sales Short sale Fixed-rate mortgage MLS 92

RIS Media

FEBRUARY 17, 2022

Expert takeaway: “New construction continued near its recent pace in January, reflecting strong but moderating homebuilder sentiment, said realtor.com® New adjustable mortgage products are structured to change every six months rather than every 12 months that had previously been the norm.”.

Residential 98

Residential Construction Fixed-rate mortgage New Construction 98

Realtor.com

MARCH 22, 2021

Even as COVID-19 vaccines become more widely available and more homes go up for sale, buyers on a tight budget may not get much of a break this year. Those basement-scraping mortgage rates, which put more expensive properties within reach, are beginning to rise again. This could all lead to an increase in home sales.

Marketing 145

Marketing Fixed-rate mortgage Construction Mortgages 145

Realty Biz

DECEMBER 26, 2022

Miami-Dade County real estate has already posted the 4th best total home sales year ever and with another calendar month to go, it is poised to end 2022 as its second-biggest sales year ever, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92

Sales Short sale Mortgages Fixed-rate mortgage 92

Realtor.com

MAY 3, 2021

This time around, the reason for the out-of-control prices is simply that there are many more buyers than there are properties for sale. Crazy, it seems, is the new normal. List prices are expected to continue rising to meet sale prices, but the annual increases won’t be nearly as brutal.

Marketing 144

Marketing Fixed-rate mortgage Mortgages Land 144

Realty Biz

JUNE 24, 2022

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami’s existing condo sales decreased 7.9% Single-family home sales decreased 12.3%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

Redfin

JULY 10, 2023

If you’re looking to buy a home in Austin , the current median sale price for a home is $468,000 as of July. According to a new Redfin study, the average rent price in Austin is $2,951, while the estimated median monthly mortgage cost is $3,801. Do you want a new construction home or an older property with character?

New Construction 52

New Construction Equity Closing costs Purchase and sale agreement 52

Marco Santarelli

AUGUST 5, 2020

Here are the updated national housing market trends— home prices, inventory, sales, and forecast. If you're wondering what the state of the housing market 2020 will be like over the next twelve months, especially if you're an investor, then here is some good news for you. month supply at the current sales pace. from a year ago.

Marketing 145

Marketing Fixed-rate mortgage Sales Mortgages 145

Marco Santarelli

SEPTEMBER 5, 2020

It could only pause sales, which in turn created a huge pent up demand. The Phoenix real estate market has not only recovered after a slump due to COVID-19 but the demand has reached new heights. The annual real estate appreciation rate is in double digits. In July, the median sales price — up 3.3% for the last 12 months.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

SEPTEMBER 7, 2020

After a big slump in real estate sales and activity during April, May, and June, home sales have bounced back in the Metro Orlando housing market. In July, the total closed sales amounted to 3,679, up 1.4% The median sales price in Orlando for all home types sold in July was $270,000, which marked a 9.2% from June 2020.

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

SEPTEMBER 8, 2020

percent increase in pending sales for the month. Total sales (closed) during July increased 35.4 Data by Realtor.com also corroborates that in July 2020, the Naples housing market was a seller’s market, which means there were roughly more buyers than there were active homes for sale. percent year over year. This was a 27.5

Marketing 105

Marketing Purchase and sale agreement Investor Closing 105

Marco Santarelli

AUGUST 27, 2020

According to the association of local realtors (LVR), July had the most amount of home sales since 2017 with more than 4,000 existing homes sold. In July, the median sales price of previously owned single-family homes, which comprises of the bulk of the Southern Nevada's housing market, increased to $330,000, a year-over-year increase of 8.9

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

JULY 30, 2020

Home sales dropped over the past couple of months but prices remain high. In June, we saw a rebound in home sales. to a new level of $553,000. Jump in sales was 48%. All the six counties of southern California saw an increase in sales as compared to May. In Los Angeles County, sales rose 40.8% year-to-year.

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Marketing Investor Sales As-is 139

Marco Santarelli

AUGUST 2, 2020

Let us first find out the latest news about the housing market of New York City, which has been the epicenter of this pandemic. Our main focus would be on the last month's housing prices and sales statistics in NYC. The median sales price in the NYC hit $718,000 in June for the highest figure year-to-date. percent to 5.1

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Marketing Sales Pre-approval Investor 142