Marco Santarelli

APRIL 17, 2024

This downturn coincided with a surge in mortgage rates, with the benchmark 30-year fixed rate loan inching close to 7%, casting a shadow over the housing market. In March, the pace of new construction witnessed a substantial slowdown, evidenced by a 14.7% decrease in housing starts compared to the previous month.

New Construction 52

New Construction Construction Mortgages Industrial 52

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 15-year fixed-rate mortgage averaged 5.76% this week, down from 5.87% the prior week.

Fixed-rate mortgage 530

Fixed-rate mortgage Mortgages New Construction Construction 530

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 Fueling this increase is new construction, according to Divounguy, even though the 1.3%

Marketing 515

Marketing New Construction Finance Construction 515

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

Due diligence 408

Due diligence Marketing Mortgages New Construction 408

Housing Wire

JUNE 29, 2023

Mortgage rates little changed this week as investors assessed Federal Reserve Chairman Jerome Powell ’s latest comments on rate hikes. To sum it up: a very strong labor market remains the main driver behind the Fed’s rate setting decisions and more tightening is still to come. Other mortgage indexes also show rates slightly rising.

Mortgages 384

Mortgages New Construction Investor Construction 384

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “There is too much distraction in the market; there are some negative folks out there.

Mortgages 473

Mortgages VA loan Finance Loans 473

Housing Wire

JULY 6, 2023

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%.

Mortgages 384

Mortgages Construction New Construction Investor 384

Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac ’s chief economist in a statement. By contrast, the 30-year was at 5.54% a year ago at this time. “As

Mortgages 366

Mortgages Fixed-rate mortgage New Construction Construction 366

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

Fixed-rate mortgage 369

Fixed-rate mortgage Mortgages Loans New Construction 369

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. Mortgage rates have nearly doubled to around 6.5% We do not see new construction returning in a meaningful way any time soon. Will Savage, an LO at PMC Mortgage.

Mortgages 421

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 421

Housing Wire

JULY 26, 2023

On a year-over-year basis, however, new home sales were up 23.8%. That more or less lined up with mortgage application data for new builds , which showed demand up 26% year-over-year in June but down 5% from May. At the end of the month, there were 432,000 new homes for sale, up 0.7% from a month prior, but down 3.6%

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

AUGUST 10, 2023

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. According to Lawrence Yun, chief economist and senior vice president of research at NAR , “mortgage rates are likely to be past their peak and on the way downward.” since May of this year, the 4.2

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

FEBRUARY 24, 2023

“January marked a surge of people signing contracts to buy new homes. The increase in contract signings can be attributed to a decline in mortgage rates in January after a run-up in rates in October and November ,” Holden Lewis, NerdWallet ’s home and mortgage expert, said in a statement. months in December.

Sales 432

Sales New Construction Construction Mortgages 432

Marco Santarelli

APRIL 21, 2024

The recent surge in mortgage rates has sent shockwaves through the U.S. housing market , marking a pivotal moment for homeowners and prospective buyers alike. According to Freddie Mac , rates surpassed 7% for the first time in 2024, posing concerns for the already strained market.

Mortgages 105

Mortgages Marketing New Construction Land 105

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 397

Loan Officer Mortgages Loans Closing costs 397

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. Kim: Spreads in the mortgage space are wide.

FHA loan 450

FHA loan Bankruptcy Marketing Loans 450

Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted. In the U.S.,

Marketing 431

Marketing Residential Investor New Construction 431

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . ” Uptick in applications . .

Mortgages 410

Mortgages Fixed-rate mortgage Loans New Construction 410

Housing Wire

MAY 30, 2023

Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. As inventory remains a challenge in this market, so too will affordability be rocked by stubbornly high prices that aren’t looking to move drastically any time soon. “As

Mortgages 410

Mortgages Fixed-rate mortgage Construction New Construction 410

Housing Wire

APRIL 15, 2024

Competition in the housing market is heating up heading into May and June. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. properties are spending minimal time on the market. Home prices are surging in major U.S.

New Construction 441

New Construction Construction Mortgages Marketing 441

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. “Simply put, total homeownership costs are more than a monthly mortgage payment alone.” Getty Images. Getty Images.

New Construction 110

New Construction Construction VA loan Finance 110

Housing Wire

DECEMBER 2, 2020

Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. The 2021 housing market will be much more ‘normal’ than the wild swings we saw in 2020,” said realtor.com’s Chief Economist Danielle Hale. “The

Marketing 525

Marketing Construction New Construction Equity 525

Housing Wire

NOVEMBER 30, 2023

As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. New home sales fell 5.6% down from 72.6 in September. above the previous year’s level.

Sales 479

Sales New Construction Construction Mortgages 479

Housing Wire

FEBRUARY 12, 2024

8. “With the acquisition of AFR, we will build on our already strong mortgage platform. residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions.

Lending 419

Lending New Construction Construction Finance 419

Housing Wire

JUNE 3, 2021

Fickle mortgage rates rose once again last week, this time four basis points to an average of 2.99%, according to Thursday data from Freddie Mac ‘s PMMS. However, despite fluctuating sub-3% mortgage rates, borrowers are still competing in a supply strained and overheated market. from March to 5.85 dropping 4.4%

Mortgages 369

Mortgages Construction New Construction Sales 369

RIS Media

FEBRUARY 20, 2024

The rally in new-home demand isn’t letting up as homebuyers facing inventory challenges on the resale market turned to new construction to realize their homeownership dreams. Mortgage applications for new-home purchases jumped 19.1%

Mortgages 114

Mortgages New Construction Construction Marketing 114

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2% in year three.

Marketing 410

Marketing FHA loan Loans Mortgages 410

Housing Wire

FEBRUARY 12, 2024

An abundance of new apartments recently hit the market, giving renters more options to choose from. Meanwhile, more apartments are under construction. Amid the high mortgage rate environment, many prospective home seekers chose to postpone their purchase plans and rented an apartment instead. to 17.7%, Redfin reported.

Construction 427

Construction New Construction Staging Mortgages 427

Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Are you hoping to buy a home in 2021’s hot housing market ? A homebuyer’s guide to a competitive housing market.

Earnest money deposit 546

Earnest money deposit Pre-approval Marketing New Construction 546

Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. For others, typical construction is what they have their hearts set on.

New Construction 72

New Construction Construction Equity Commercial 72

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

Sales 458

Sales New Construction Staging Mortgages 458

Marco Santarelli

APRIL 6, 2024

The tumultuous wave of the COVID-19 pandemic swept across the housing market landscape, leaving in its wake a trail of unprecedented shifts. However, amidst this flux, there are pockets of resilience—housing markets that have not only weathered the storm but have emerged stronger, with inventory levels surpassing pre-pandemic benchmarks.

Marketing 111

Marketing New Construction Construction Equity 111

Realtor.com

JANUARY 17, 2023

Getty Images One of the reasons many homebuyers are drawn to buying a brand-new home is that they often get to choose many of the home’s features to suit their tastes. But with new construction, you can call the shots on countertops, fixtures, flooring, paint colors, and so much more to make your home feel like, well, you!

New Construction 94

New Construction Construction Design As-is 94

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Realty Biz

AUGUST 14, 2022

The company said contractors on new constructions will be able to make use of its entire solution, which generates 3D models and exterior measurements, using blueprints of designs. In other words, it now supports both existing homes (through smartphone photos) and new constructions.

New Construction 89

New Construction Construction Technology Design 89

Real Trends

MARCH 29, 2023

There was one problem, we were already at a new home deficit, making the new home market incredibly competitive. Practically every listing that came on the market received 15 to 20 offers, and bidding wars drove prices higher and higher. But when inflation and mortgage rates started to rise, the rush slowed.

New Construction 89

New Construction Construction Banks Development 89

Housing Wire

SEPTEMBER 26, 2023

However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months. Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

As-is 500

As-is Sales New Construction MLS 500