Housing Wire

JULY 16, 2024

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation.

New Construction 471

New Construction Construction Land Development 471

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officer 400

Loan Officer Mortgages Loans Closing costs 400

Housing Wire

APRIL 30, 2021

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply.

New Construction 455

New Construction Construction Land Sales 455

Housing Wire

AUGUST 3, 2023

In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Fannie Mae ’s vice president of economic and strategic research, Hamilton Fout, said the gap between homeowners now holding historically low mortgage rates (i.e.,

Land 370

Land Construction Development Finance 370

BAM Media

MAY 20, 2025

Byron Lazine broke down Zelmans insights in todays Hot Sheet : Read on for a quick overview of Zelmans thoughts on home builder sentiment, new construction versus existing homes, and a NAR-backed bill that could incentivize small landlords to sell. Mortgage rates are back near 7%, and many buyers have hit pause. year-over-year.

New Construction 59

New Construction Construction Investor Development 59

Housing Wire

JULY 10, 2023

The lack of inventory drove home prices up, challenging potential buyers, Black Knight pointed out in its monthly mortgage monitor report. On a seasonally adjusted basis, Black Knight’s home price index hit a new record high in May, having now fully reversed the correction in home prices seen late last year. markets in 2023.

Principal 400

Principal Residential New Construction Land 400

Housing Wire

NOVEMBER 23, 2022

We are still in housing recession land as the builders still have a lot of new construction homes and haven’t started yet to build. For the builders, 61,000 new homes are completed for sale, amounting to 1.2 months of the supply, and 298,000 new homes are still under construction, while 111,000 haven’t started.

Sales 471

Sales Construction New Construction Mortgages 471

Housing Wire

DECEMBER 6, 2024

This massive database goes back multiple decades and is consistently updated with each new census. Its the best place to find average mortgage rates. Federal Reserve Economic Data, or FRED : Shows economic data, GDP, unemployment rates, and more.

Pre-approval 386

Pre-approval Design Industrial Agents 386

Housing Wire

MAY 10, 2023

You may have heard the good news: In recent weeks, several mortgage and real estate brokerage execs have exclaimed that we may have already reached the bottom of the market. For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity.

Loan Officer 386

Loan Officer Pre-approval Marketing New Construction 386

Housing Wire

OCTOBER 5, 2023

This could make raising capital for new construction projects harder, and more expensive, everywhere. However, even bad news often has a silver lining. residential market becomes a relatively safer landing spot for investment. As the Chinese real estate market declines, the U.S.

Marketing 436

Marketing Residential Investor New Construction 436

Housing Wire

DECEMBER 17, 2020

“Today’s report is consistent with other housing data that shows the housing market has rebounded substantially from the second quarter,” said Joel Kan, the Mortgage Bankers Association ’s associate vice president of economic and industry forecasting. How the mortgage industry is working together to make housing more affordable.

Construction 517

Construction Land Industrial Mortgages 517

Housing Wire

OCTOBER 26, 2022

Sales of new single-family homes in September were at a seasonally adjusted annual rate of 603,000, down 10.9% Kelly Mangold of RCLCO Real Estate Consulting attributes August’s rise in new home sales to a dip in mortgage rates , but once rates started rising again in September, sales slowed. “As As mortgage rates approach 7.0%

Sales 370

Sales New Construction Investor MLS 370

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). The pent-up demand will surely be realized soon, especially if mortgage rates and inventory move favorably.” Total existing home sales slipped 3.3%

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Sales MLS Construction Short sale 369

Realtor.com

NOVEMBER 9, 2022

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

New Construction 123

New Construction Construction Loans Design 123

BAM Media

DECEMBER 17, 2024

Heres what Fannie Mae expects: Mortgage Rates: Declining modestly to 6.4%, but still elevated compared to pre-pandemic norms. Mortgage Rates: Modest Decline but Still Elevated Fannie Mae predicts mortgage rates will average 6.4% Existing Home Sales: Improving slightly to 4.25 million, up 4.8% from 2024, yet near 30-year lows.

Agents 103

Agents Marketing New Construction Construction 103

HomeLight

JULY 31, 2020

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Have you weighed all the pros and cons of buying new? Pros of new construction.

New Construction 111

New Construction Construction Branding Inspection 111

Windemere Buying

MARCH 29, 2023

A new construction home, however, has no previous owner; it comes brand new. Learning about the new construction buying process will help you understand how it differs from other types of housing, such as existing single-family homes, townhouses, condominiums , etc. What is a new construction home?

New Construction 87

New Construction Construction Pre-approval Land 87

Housing Wire

APRIL 17, 2023

Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing. Currently, one-third of housing inventory is new construction, compared to historical norms of a little more than 10%,” Robert Dietz , the NAHB’s chief economist, said in a statement.

Banks 386

Banks Sales New Construction Lending 386

RIS Media

JUNE 6, 2021

Are you wondering how land loans work? Maybe you’re setting your mind on purchasing a piece of land that wonderfully fits your future house? Getting a loan for land is a smart move, especially when you will not be constructing your home right away. Procuring land financing is a great way to make your purchase on time.

Land 126

Land Loans Debt-to-income ratio Construction 126

Housing Wire

JULY 19, 2023

It’s just much cheaper to live here,” said Jon Overfelt, co-owner of American Security Mortgage Corp. We hear it all the time – somebody who leaves New Jersey or New York is like, ‘I couldn’t keep up with the taxes.’ I’m like, why did you stay in New York? All the new construction in every direction. “We

Land 370

Land Construction New Construction Branding 370

HomeLight

OCTOBER 26, 2022

According to Florida’s Office of Economic and Demographic Research, the state gained approximately 329,000 new residents between April 2020 and April 2021. New construction is growing just as fast to accommodate the influx — in 2021, 213,494 new housing units were authorized in Florida and nearly 70% were single family homes.

New Construction 111

New Construction Construction Agents Residential 111

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

New Construction 105

New Construction Construction Inspection Pre-approval 105

Housing Wire

APRIL 21, 2022

Besides questions of how to handle local zoning officials, building code bylaws, building trade unions, the cost of land, there is curiosity about who is steering the 3-D home printing ship. The present is different. 3-D printed homes are just starting to get built. Are companies like Icon trying to make money? Currently,” Sapp said.

Construction 400

Construction Purchase and sale agreement Land Investor 400

Marco Santarelli

MARCH 9, 2025

Underwater Mortgages: This happens when homeowners owe more on their mortgage than their house is actually worth. When people lose their jobs, they may struggle to pay their mortgages, leading to more foreclosures and less demand for housing overall. of wages) 34% Underwater Mortgages Very Low (e.g.,

Marketing 131

Marketing Mortgages As-is Finance 131

Marco Santarelli

FEBRUARY 28, 2025

San Diego is indeed expected to be a competitive real estate market in 2025 , landing in the top 20 hottest markets according to a recent Zillow report. The index looks at the difference between the number of jobs added over the last two years and the number of building permits issued for new homes during the same period.

Marketing 92

Marketing Pre-approval Land Staging 92

Marco Santarelli

OCTOBER 19, 2024

In September 2024, single-family home construction surged, indicating a renewed interest among homeowners and builders alike, particularly in the Northeast. This increase is largely attributed to a dip in mortgage rates, making it more affordable for families to invest in their own homes. increase from the previous month.

Construction 52

Construction New Construction Mortgages Land 52

Realtor.com

FEBRUARY 1, 2023

Housing starts, which is when construction has begun but not yet completed, are expected to fall to about 744,000 single-family homes in 2023 as builders continue to pull back, according to the National Association of Home Builders forecast. New homes are typically more expensive than older ones. What Gives?

New Construction 70

New Construction Construction Mortgages Land 70

Realtor.com

NOVEMBER 30, 2022

After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now desperately trying to read the tea leaves to figure out where real estate prices, inventories, sales, and mortgage rates are going in the coming year. This is what homebuyers, home sellers, and renters can expect in the new year.

Mortgages 122

Mortgages New Construction Construction Sales 122

HomeLight

APRIL 10, 2025

With todays higher home prices and elevated interest rates, many homeowners who locked in a low mortgage rate during the pandemic are reluctant to jump into another purchase. Heres why a growing number of homeowners are considering a move into a build-to-rent home: Preserve your low mortgage win: If you secured a mortgage rate between 2.5%

Construction 101

Construction Development Agents Closing 101

Marco Santarelli

APRIL 21, 2024

The recent surge in mortgage rates has sent shockwaves through the U.S. 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.

Mortgages 105

Mortgages Marketing New Construction Land 105

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.

Agents 413

Agents Construction Design Branding 413

Redfin

JUNE 10, 2025

The oldest cities have the oldest homes – and too little new construction. However, behind the appeal lies a growing issue: America’s housing stock is aging fast, and new construction isn’t keeping up. A slowdown in new construction brought on by the Great Recession has accelerated the aging process.

New Construction 57

New Construction Construction Sales Development 57

Marco Santarelli

MAY 19, 2024

Housing Starts and Permits Fall Short as Mortgage Rates Rise Rising Rates Put Builders on Hold (Building Permits Down) Spiking mortgage rates are causing builders to hit the pause button. New home construction in April came in lower than expected and permits for future projects dipped.

Mortgages 98

Mortgages Construction New Construction Investor 98

Marco Santarelli

APRIL 13, 2025

It was the land of sunshine, beaches, and relatively affordable living. The Construction Conundrum and Infrastructure Inadequacy New construction was once seen as the solution to Florida's housing woes. Tariffs on imported materials are just adding fuel to the fire, making developers hesitant to start new projects.

Marketing 98

Marketing Construction New Construction As-is 98

Realty Biz

JULY 20, 2022

Though, you will need to pay private mortgage insurance with down payments of less than 20%, increasing your monthly outgoings. One of the reasons FHA mortgages are so popular is their lower credit scoring requirements than other loan programs. Mortgage insurance will be included in monthly payments with these programs.

Loans 131

Loans FHA loan VA loan Renovation 131

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. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

Agents 128

Agents New Construction Purchase and sale agreement Construction 128

HomeLight

SEPTEMBER 26, 2022

New construction might seem less expensive — but if, for example, it doesn’t include landscaping, and that’s something you have to do yourself after closing, that can be expensive. People no longer want to be chained to a job and mortgage for 30 years,” says McCue. So is building an affordable dream home really doable?

Construction 145

Construction New Construction Land Inspection 145