BAM Media

APRIL 3, 2025

If theyre relying on randoms spreading sensational news with zero accountability, they will be misled. 1: Foreclosures & Bankruptcies Still Below Pre-Pandemic Levels Consumers still worry that were heading for a repeat of the Great Recession of 2008. And at 3.53%, its still below pre-pandemic levels.

Bankruptcy

Marco Santarelli

FEBRUARY 17, 2025

New Construction Lag: The construction industry is struggling to keep pace with the demand, as Zillows chief economist Skylar Olsen pointed out. Tips for Buyers in a Hot Market: Get Pre-Approved: Knowing exactly how much you can afford is crucial.

Marketing

Marco Santarelli

FEBRUARY 7, 2025

Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. Reckless construction and speculative buying led to a surplus that couldn't be sustained when the economy faltered. Work with a reputable lender to get pre-approved for a mortgage.

Pre-approval

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. Mortgage rates have nearly doubled to around 6.5%

Mortgages

HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. And if you thought buying new construction without an agent would save you a few bucks in commission, think again. Updated August 31, 2021.

Agents

RIS Media

DECEMBER 10, 2020

A majority of these moves are likely to be permanent, with nearly three out of four consumers who have moved or planning to move to take advantage of remote work opportunities reporting they will not return to their pre-pandemic residences. Only 17 percent of respondents indicated little change from pre-COVID-19 behavior. .

Pre-approval

Toronto Realty Blog

MAY 27, 2024

I want you to think, for a moment, of the Toronto real estate market and construction industry as a field of fictional Tiberium in Command & Conquer. At a cost of $1,000 per square foot to build, a developer can’t afford to buy the land and pre-sell the units at a profit. Think about that, for a moment.

Land

Marco Santarelli

MAY 11, 2024

Local factors like job markets, industry presence, and the pace of new construction can significantly influence housing trends within a particular state or even a metropolitan area. This regional variation underscores the complexity of the housing market and the need to avoid sweeping generalizations.

Mortgages

Toronto Realty Blog

MARCH 25, 2022

Have a look… – “Mortgage Industry Urges Ottawa To Tackle Housing Affordability, Takes Aim At Homebuyer Incentive” Financial Post. – “GTA’s Housing Crisis Threatens Ontario’s Profitable Construction Sector, Industry Report Warns” National Post. March 21, 2022. March 24, 2022.

Purchase and sale agreement

Toronto Realty Blog

SEPTEMBER 30, 2024

compared to Roger Clemens (pre-steroids) who put up a 10.4 The study was commissioned by the Building Industry and Land Development Association (BILD) and conducted by Altus Group Economic Consulting, and you can read it by clicking the link above. month average waiting time from application to approval is down by 2.4

Pre-approval

RIS Media

MARCH 25, 2022

Real estate professionals are highly adaptable and the last two years of the COVID-19 pandemic have proven that our industry is resilient in the face of change,” said Sherry Chris, president & CEO, BHGRE. “As New Construction: . Get pre-approved. Tips for Sellers: . Tips for Buyers: .

Pre-approval

Marco Santarelli

DECEMBER 18, 2024

Palm Bay-Melbourne-Titusville, FL Risk Level: Very High Probability of Price Decline: Above 70% Confidence Score: 50-75% Palm Bay-Melbourne-Titusville is a region that is reliant on the aerospace and defense industries. Get pre-approved for a mortgage: Knowing how much you can afford will help you avoid overspending on a home.

Marketing

Real Trends

DECEMBER 12, 2022

It is that time of year again – when experts across the housing industry gaze into their crystal balls , read their tea leaves and look to the stars to predict what is in store for the housing market in the year to come. Prediction 3: New construction will focus on multifamily rental properties.

Marketing

Marco Santarelli

DECEMBER 12, 2024

Colorado Springs Housing Market to Boom in 2025 I've been following the real estate industry for a while now and the forecasts from reliable sources like Realtor.com are always interesting. New construction also plays a role in adding more inventory, creating a healthy market dynamic.

VA loan

Marco Santarelli

AUGUST 2, 2020

Let us continue to explore the housing market trends — from pre-COVID-19 days until July. New York is a fairly walkable city in Queens County with a population of approximately 8,174,290 people. 2020 began with increased sales activity in the New York housing market, with the year expected to be a strong one for the industry.

Marketing

Marco Santarelli

MAY 23, 2024

However, as Peter Boockvar , a CNBC contributor, points out, “the entire new build industry is selling new homes at a pace below the 5-year average.” Additionally, many new construction projects are located in suburbs or exurbs, further out from city centers.

Sales

Marco Santarelli

MAY 7, 2024

The housing market is a complex ecosystem, and a rise in mortgage rates would have ripple effects throughout the industry. Builders may be hesitant to start new construction projects if they anticipate a decrease in demand. The Federal Reserve's website and financial news outlets are good resources.

Mortgages

Marco Santarelli

AUGUST 17, 2020

Zillow Home Loans, Zillow’s affiliated lender, provides mortgage pre-approval and financing. MLS.com also features real estate news, common real estate questions and answers, real estate classes, mortgage information, and a mortgage calculator. There are new real estate investors and established ones.

Purchase and sale agreement

Realty Biz

AUGUST 29, 2023

Understanding the Construction Process When embarking on the journey of building a new house, it is crucial to have a solid understanding of the construction process. Buying new construction can be exciting but quickly become a nightmare. Look for builders who align with your vision, values, and budget.

Construction

HomeLight

NOVEMBER 21, 2022

Gila adds that FSBO sellers should list their home at fair market value , especially when competing with new construction in South Carolina that offers high incentives for buyers as well as real estate agents who provide Realtor® bonuses and buy-down interest programs or closing costs paid by sellers. Require everything in writing.

Purchase and sale agreement

Marco Santarelli

AUGUST 18, 2020

Many variables could potentially impact the value of a home in Boston in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments. We’ve already mentioned the height law and the challenges faced by getting anything approved even with the mayor behind it. Border St / Condor St.

Marketing

Marco Santarelli

APRIL 29, 2021

Pre Foreclosures. If you know of industrial or commercial properties near major employers they may need to convert to employee housing, you could buy now and hold until it sells. Just recently, a San Jose housing development with 400-square-feet micro-apartments has been approved near Google transit village. Foreclosure Type.

Marketing

Marco Santarelli

JULY 29, 2020

At the same time, the industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges. Under potential listings, there are about 5 Foreclosed and 105 Pre-Foreclosure homes.

Marketing

HomeLight

APRIL 26, 2023

This is standard industry practice among agents. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. Should you be present for showings? With unrepresented buyers, plan to be on the property for the showing. Require everything in writing.

MLS

Toronto Realty Blog

SEPTEMBER 9, 2024

Developers pre-sell condominiums, to be built at a future date, and when enough of the units are sold, a bank will provide financing for the construction. I’ve said all that I have to say about the pre-construction condominium industry. Consumer appetite for over-priced pre-construction units plummeted.

Development

Toronto Realty Blog

SEPTEMBER 23, 2022

Condominium cancellations were rampant in the pre-construction industry and people were starting to get pissed. From the article: On June 23, 2021, Green Urban advised all buyers that because it had not received the required approvals from the town of Tillsonburg or the County of Oxford, the contracts were being terminated.

Construction

Real Trends

FEBRUARY 27, 2023

New build sales reps can be a goldmine , especially in medium-priced and luxury new construction communities. This means they know who has a home to sell before they can close on the new one! New build sales reps can also tell you which homes are about to fall out of contract. Aim for five relationships like this.

Marketing

Toronto Realty Blog

DECEMBER 16, 2024

– #5: The Death Of Pre-Construction Condos There are only two times that you’re allowed to celebrate death: 1) When famed WWF wrestler, The Undertaker , falls into a casket and you know that he’s playing possum and will return shortly. Or last Thursday’s. Hope you enjoy!

Pre-approval

Dwell Real Estate

JUNE 7, 2021

Featuring all concrete block construction, well-appointed stainless-steel appliance packages, beautiful granite countertops in the kitchen, and the latest in energy efficiency measures, each home also includes our industry-leading suite of smart home products, keeping you connected with what matters most. 3611 1ST AVE S, ST PETERSBURG.

Design

Housing Wire

APRIL 23, 2025

Do a pre-inspection This may or may not be popular in your market, but here in the Boston area, we see this fairly often. A buyer will bring in an inspector to conduct a pre-inspection, a condensed version of a home inspection that focuses only on the major systems and typically takes about an hour or so. How important is the lender?

Inspection contingency

Marco Santarelli

MAY 23, 2025

It also reinforces the importance of getting pre-approved for a mortgage to understand what you can realistically afford. Immigration Policies: More restrictive immigration policies could lead to labor shortages in the construction industry, potentially hindering new construction and exacerbating the supply issue.

Marketing