Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. year over year.

Sales 427

Sales New Construction Construction Mortgages 427

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending home sales were down 22.2%, a larger decrease than the 20.3% annual drop recorded in April.

Sales 370

Sales New Construction MLS Construction 370

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Balancing supply and demand is a delicate dance between new construction and existing properties. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

Due diligence 406

Due diligence Marketing Mortgages New Construction 406

Housing Wire

JULY 18, 2023

For the seventh consecutive month, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose month-over-month , gaining one-point to a reading of 56, according to a report released Tuesday. More housing supply is good news for future shelter inflation readings in the market.

Sales 370

Sales Construction New Construction Finance 370

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5% The supply of homes for sale fell to a record low, down 16.5% Sales of homes priced above $1 million were up 39%. .

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Sales New Construction Equity Construction 407

RIS Media

AUGUST 2, 2021

If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. The median sales price of a home in June of 2021 was $370,600—an 24.4% Probably not.

New Construction 102

New Construction Construction Marketing Agents 102

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of supply, according to Keller Williams Realty Boise , and homes typically stay on the market for just five days.

Marketing 532

Marketing New Construction Construction Principal 532

McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Be careful as you choose comparable sales.

New Construction 86

New Construction Construction FHA loan Land 86

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%. However, a silver lining in the subdued housing market is the strength in new-home sales. It’s a bifurcated market in that sense. So they are a policy buyer.

FHA loan 446

FHA loan Bankruptcy Marketing Loans 446

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. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.

New Construction 110

New Construction Construction VA loan Finance 110

Realtor.com

NOVEMBER 17, 2022

Compare that with a preexisting home’s median price of $396,300 , and it’s clear that buying brand-new might set you back tens of thousands of dollars extra. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics. .

New Construction 126

New Construction Construction Development Renovation 126

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. But if a vaccine is rolled out quickly, it could lead to “better than expected sales” and an increase in home prices and inventory.

Marketing 523

Marketing Construction New Construction Equity 523

Housing Wire

NOVEMBER 2, 2020

I’m talking about housing market crash headlines. These dramatic peaks and valleys in the data have fed the demons of greed and fear that infest the minds our extreme housing bulls and the fierce housing market bears – leading to equally wild speculations about the future of U.S. Take the Pending Home Sales Index , for example.

Marketing 545

Marketing Sales New Construction As-is 545

Housing Wire

FEBRUARY 21, 2024

The acquisition marks a milestone in Zonda’s path to streamlining the new home shopping process. Zonda will be able to integrate its new construction data and tech platform with the leading portal for U.S. new home listings. Zonda also operates Livabl , Canada’s leading new construction listings site. “By

New Construction 428

New Construction Construction Industrial Design 428

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

Keeping Current Matters

SEPTEMBER 16, 2021

An important metric in today’s residential real estate market is the number of homes available for sale. They define active listings as: “ The active listing count tracks the number of for sale properties on the market , excluding pending listings where a pending status is available. What happened last year? Bottom Line.

Sales 266

Sales New Construction Construction Equity 266

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 106

Marketing New Construction Construction Equity 106

Housing Wire

NOVEMBER 22, 2023

22, according to Freddie Mac ‘s Primary Mortgage Market Survey. This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.” New construction starts and permits showed surprising strength in October while existing-home sales slumped to their worst reading since 2010.

Mortgages 446

Mortgages New Construction Construction Sales 446

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 93

New Construction Construction Technology Design 93

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

Real Trends

MARCH 29, 2023

Builders responded in kind, gearing up the development of new homes to meet the growing demand. There was one problem, we were already at a new home deficit, making the new home market incredibly competitive. New homes began to linger on the market. The new homes on the market today are top-of-the-line.

New Construction 89

New Construction Construction Banks Development 89

Housing Wire

FEBRUARY 29, 2024

29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. While sales of newly built homes are trending in a positive direction, higher rates and elevated prices continue to pose affordability challenges that may leave potential homebuyers on the sidelines.”

Mortgages 469

Mortgages Fixed-rate mortgage New Construction Construction 469

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. The median sales price in Des Moines has risen 19.7%

Marketing 437

Marketing New Construction Construction Sales 437

Keeping Current Matters

MARCH 11, 2021

Spring is almost here, and many are wondering what it will bring for the housing market. Here’s what a few industry experts have to say about the housing market and how it will bloom this season. This suggests more inventory will be for sale in late 2021 and into the spring selling season in 2022.”. Bottom Line.

Marketing 262

Marketing New Construction Construction Sales 262

Housing Wire

MAY 25, 2022

While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search.

New Construction 454

New Construction Construction Sales Industrial 454

Housing Wire

JANUARY 7, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. San Diego, California. Springfield, Missouri. As the overall U.S.

Marketing 395

Marketing Loan Officer Construction New Construction 395

Marco Santarelli

OCTOBER 22, 2023

The housing market is experiencing a significant slowdown , with economists predicting that 2023 will be the slowest year for home sales since the 2008 housing bubble burst. million sales of existing homes in the United States by the end of 2023.

Sales 52

Sales New Construction Marketing Construction 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. 11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. 12 compared to a week earlier.

Fixed-rate mortgage 529

Fixed-rate mortgage Mortgages New Construction Construction 529

Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

New Construction 52

New Construction Construction Inspection Finance 52

Housing Wire

JULY 20, 2023

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 6.78% as of July 20, down from last week ’s 6.96%. On the other hand, homebuilders have an edge in today’s market, and incoming data shows that homebuilder sentiment continues to rise.”

Mortgages 369

Mortgages Fixed-rate mortgage New Construction Construction 369

Marco Santarelli

APRIL 21, 2024

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. While immediate prospects may appear daunting, there is hope for a resurgence in the housing market in the coming years.

Mortgages 100

Mortgages Marketing New Construction Land 100

Norada Real Estate

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

New Construction 52

New Construction Construction Probate sale Investor 52

Marco Santarelli

APRIL 20, 2024

The US housing market has been on a wild ride in recent years. Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. However, a gradual increase in housing inventory could offer more breathing room for those still in the market. However, the tide seems to be turning.

Marketing 84

Marketing Pre-approval Fixed-rate mortgage New Construction 84

RIS Media

MAY 23, 2023

New home sales increased for the seventh straight month in April due to low inventory pushing an increase of demand into the new construction market. Census Bureau, new home sales rose to a rate of 683,000, 4.1% above… The post New Home Sales Continue 7-Month Rise appeared first on RISMedia.

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Sales New Construction Construction Development 102

Realtor.com

JUNE 24, 2021

In this latest installment of our new series, “ First-Time Homebuyer Confessions ,” we spoke with Nicole Krouse (who happens to be director of marketing at Realtor.com ). Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. So we thought, “Why not?”

New Construction 111

New Construction Construction Due diligence Marketing 111

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. The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in November, down from a 9.2%

Marketing 407

Marketing FHA loan Loans Mortgages 407

Housing Wire

JUNE 29, 2023

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. New home sales have rebounded more robustly than the resale market due to a marginally greater supply of new construction. by year-end.”

Mortgages 383

Mortgages New Construction Investor Construction 383