Keeping Current Matters

MARCH 10, 2021

A lower HCAI indicates that lenders are unwilling to tolerate defaults and are imposing tighter lending standards, making it harder to get a loan. New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void. This is nothing like the last time.

Equity 261

Equity New Construction Construction Short sale 261

Realtor.com

DECEMBER 20, 2022

This time around, there isn’t a glut of available housing, the subprime loans that got so many homebuyers in trouble in the mid-2000s have largely been eliminated, and millions of Americans aren’t likely to lose their homes to short sales and foreclosures. Just three years later, sales bottomed out at 4.11

Marketing 113

Marketing Construction Investor New Construction 113

HomeLight

JULY 6, 2023

Appraisal contingency To ensure they aren’t lending more than a property’s fair market value, lenders typically require a home appraisal. Some MLSs limit “coming soon” status to 21 days unless the property is new construction or undergoing major renovations without occupancy. Closed”- Consider these listings sold.

MLS 85

MLS Backup offer Inspection contingency Purchase and sale agreement 85

Realty Biz

MARCH 21, 2023

Current economic and lending conditions are favoring regions with strong real estate market fundamentals like South Florida,” Cororaton said. The total economic impact of a typical Florida home sale is $112,500, according to NAR. Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 0.9% Miami Real Estate Posts $190.4

Sales 101

Sales MLS Short sale Residential 101