article thumbnail

New apartment construction hasn’t lowered rents in many areas

Housing Wire

More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. increase in asking rents for newly constructed apartments in 2024 the biggest spike in 18 months. But another rental data report from another industry giant may explain why this occurred.

article thumbnail

Agents say Cape Coral’s housing market is correcting, not crashing

Housing Wire

Headlines that call Cape Coral, Florida , the “worst housing market in America” and liken it to precursors of the 2008 financial crisis have garnered discussions across the real estate industry. “The state also has had a lot of new insurers entering the market, and people are actually getting lower quotes. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tom Davis shares non-QM opportunities to capitalize heading into 2025

Housing Wire

Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory. New construction volume levels have increased to 10-year highs with a percentage share of 33%. Deephaven offers an advantage and competitive edge with our Ground-Up Construction loan.

article thumbnail

Massachusetts set to bar home sellers from requiring inspection waivers

Housing Wire

Rule modification, industry pushback The home inspection regulation was developed after a public comment period in May, during which EOHLC received more than 100 submissions. Public consideration for ending home inspection waivers in the state first began in late 2023.

article thumbnail

Reverse mortgage pros sound off on 2025 HECM limit

Housing Wire

While the increased limit theoretically increases the borrowing power for anyone considering a HECM loan, industry analysts are somewhat split over the potential benefits such a limit would have on the industry in the new year. This is because interest rates remain relatively high even after some moderation.

article thumbnail

Compass strikes again with leadership changes in the Southeast

Housing Wire

The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. The future of Compass is bright, and we look forward to continuing to provide the industry-leading tools, technology, and support our agents need to excel as the demand for luxury properties continues to rise.”

article thumbnail

Home inspector sees interaction from baby boomers, aging in place and reverse mortgages

Housing Wire

New construction The reverse mortgage industry has, for a while, aimed to communicate the potential benefits of the Home Equity Conversion Mortgage ( HECM ) for Purchase program as a mechanism for securing a new home by using a reverse mortgage. Some feel like homes arent built like they used to be.