Marco Santarelli

APRIL 23, 2025

Let's dive into the details and understand why this is happening, and what it means for you, whether you're a buyer, seller, or just curious about the new construction home market. New Home Sales Boom Defying Expectations in a Bumpy Economy A Surprising Surge in Sales The numbers don't lie.

Sales

BAM Media

APRIL 3, 2025

We can think of no better example of that than last weekends online drama over a Patrick Bet-David Tweet that went viral by using a chart on the multifamily mortgage delinquency rate to sound the alarm on homeowner delinquencies. If theyre relying on randoms spreading sensational news with zero accountability, they will be misled.

Bankruptcy

Marco Santarelli

FEBRUARY 28, 2025

I believe, and I have seen, that we need more innovative solutions, such as increasing density in transit-oriented areas and streamlining the permitting process for new construction, to address the affordability crisis effectively. But what should you actually do with this information?

Marketing

Marco Santarelli

MARCH 20, 2025

As per reports, the East Coast markets have not yet recovered to pre-pandemic levels, which keeps the market pace snappy. Limited Space: Coastal cities often have limited space for new construction, leading to a shortage of housing and increased competition. Although the price is relatively high, homes are selling quickly.

Pre-approval

Redfin

AUGUST 5, 2025

While many first-time homebuyers consider a starter home, you may be wondering if buying a new construction home is a better choice. In this Redfin article, we’ll outline the new construction process, including the pros and cons of buying a new build, and financing options. Here’s the step-by-step process.

Pre-qualification

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. I do not have data that explicitly provides the average credit score for conventional mortgages in 2006.

Pre-approval

Marco Santarelli

MARCH 13, 2025

Housing demand is surging as mortgage rates have dropped significantly. The recent dip in mortgage rates, reaching levels not seen since mid-December, has sparked a noticeable increase in homebuyer activity. Housing Demand Surges as Mortgage Rates Drop Significantly A Sigh of Relief for Potential Homeowners?

Mortgages

Redfin

JULY 16, 2025

Looking for a new construction home ? So, whether you’re buying your very first home in Atlanta, GA or looking for a new build in Salt Lake City, UT , this article has you covered. So, whether you’re buying your very first home in Atlanta, GA or looking for a new build in Salt Lake City, UT , this article has you covered.

Pre-approval

Marco Santarelli

FEBRUARY 17, 2025

Construction hasn't been able to keep up with job creation, tightening the market considerably. Mortgage Rate Lock-In: This is a nationwide issue, but it's exacerbating the problem in Buffalo. People who locked in super-low mortgage rates before the recent hikes are hesitant to sell, further restricting the existing home supply.

Marketing

Marco Santarelli

MAY 12, 2025

Mortgage Rate Mayhem: Remember those super-low mortgage rates during the pandemic? Others might be experiencing a slowdown in retiree demand or an increase in new construction finally catching up. My advice: Get pre-approved for a mortgage so you know your budget. They fueled a lot of buying power.

Marketing

Marco Santarelli

MARCH 26, 2025

If so, you're probably keeping a close eye on mortgage rates. The good news is, lower mortgage rates help push new-home sales higher , and we've seen a bit of that recently. While any increase is positive, some experts were expecting a more significant surge, especially given the slight decrease in mortgage rates.

Sales

Marco Santarelli

MARCH 22, 2025

Co-CEO Stuart Miller highlighted a challenging “macroeconomic environment for homebuilding,” citing several key factors: High Interest Rates: The Federal Reserve's efforts to combat inflation have led to significantly higher mortgage rates, making homeownership less affordable. Get quotes from multiple lenders.

Marketing

Rochester Real Estate

NOVEMBER 5, 2015

The best new construction advice is to ask to review the warranty early on. Importance of builders’ warranty when buying a new home A builder’s warranty is essential when purchasing a new or recently constructed home. Doing so can ensure a smooth process and the best chance of approving your claim.

Purchase and sale agreement

Marco Santarelli

AUGUST 5, 2025

Several factors, including mortgage rates, inventory levels, and overall economic growth, are at play here. Mortgage Rates: The average 30-year fixed-rate mortgage is hovering around 6.75% (as of July 17), slightly up from the previous week but down from a year ago. Mortgage rates are anticipated to average 6.4%

Marketing

Marco Santarelli

FEBRUARY 13, 2025

Hannah Jones explains that this trend started around mid-2022 when mortgage rates began to rise. The real estate market is always influenced by economic factors like mortgage rates. Even with the increase, the hottest markets had only about half the number of homes for sale in January compared to pre-pandemic levels.

Marketing

Redfin

MAY 5, 2025

Houses are expensive, mortgage rates are elevated, and the economy is shaky. After closing, homeowners face steep monthly costs mortgage payments, insurance, taxes, and more which have hovered near record highs for months, thanks to the combination of elevated home prices and high mortgage rates. Dont be afraid to ask.

Closing costs

Marco Santarelli

MAY 26, 2025

Regional differences are playing a huge role: Region Price Trend Key Factors My Two Cents Northeast Stronger price gains Income growth, severe shortage of homes (Forbes) This region has older housing stock and less new construction, making any available home highly contested. Let's break it down: Mortgage Debt: $12.8

Equity

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. “The Will Savage, an LO at PMC Mortgage.

Mortgages

Housing Wire

APRIL 5, 2024

Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement. “Attractive homes are moving fast, so those looking to buy this spring should get their finances in order now, including getting pre-approved for a home loan.

Pre-approval

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

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

Keeping Current Matters

FEBRUARY 24, 2021

To buy now and take advantage of historically low mortgage rates while they last. The seller may decide to sell their home to the buyer at today’s price, which will enable the purchaser to take advantage of current mortgage rates. Perhaps you need time to get permits or approvals for certain upgrades you made to the house.

Pre-approval

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

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

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. If it ignites a surge in activity, fueled by pent-up demand or a dip in mortgage rates, it could propel prices back up.

Mortgages

Marco Santarelli

APRIL 20, 2024

Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Mortgage rates are likely to remain elevated compared to historic lows, impacting affordability for some buyers. We'll explore what's in store for home prices , mortgage rates , and housing inventory.

Marketing

Realtor.com

DECEMBER 8, 2022

Mortgage rates were low, then soared to a 20-year high of 7.08% before dipping again. Can’t-miss tip: Many homebuyers pass over the importance of getting pre-approved for a mortgage before starting a house hunt. Of course, home shoppers still had to contend with high prices and soaring mortgage rates.

Pre-approval

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

Marco Santarelli

JUNE 23, 2024

Mortgage Rates May Dip While mortgage rates remain elevated compared to pre-pandemic levels, there are signs that they may start to come down. This could lead to a renewed surge in buyer activity, particularly from first-time buyers who have been particularly impacted by high mortgage rates.

Marketing

Realtor.com

JULY 9, 2021

The couple lived in a third-floor apartment with their two children in a pre-war building they loved on Manhattan’s Upper West Side. We kept it in the pre-war style of the building, so we maintained its spirit, but everything is modern and new.”. We wanted the apartment to be our own and to reflect what we like,” she said. “We

Pre-approval

HomeLight

AUGUST 31, 2021

Many mortgage lenders will not finance the purchase of a home that needs significant repairs. Only lenders that have been approved by the FHA can offer 203(k) loans. Interest rates on 203(k) loans are as much as 1% higher than for other FHA mortgage loans. All repairs must be planned, specified, and approved in advance.

Loans

Marco Santarelli

SEPTEMBER 1, 2024

Interest Rates : Current mortgage rates are significantly impacting buying power and affordability. Recent updates show that mortgage rates in California are on the rise, hovering around 7% as of September 2024. Emerging Areas : Suburban locations like Vallejo, Benicia, and certain parts of San Jose offer more affordable options.

Marketing

Realty Biz

SEPTEMBER 23, 2023

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. It is essential to prepare for the mortgage pre-approval process.

Purchase and sale agreement

Realty Biz

DECEMBER 27, 2021

You can expect price hikes to be smaller but that doesn’t mean the mortgage payment you could lock in January will be the same as the mortgage payment available in July. Freddie Mac says 7% and the Mortgage Bankers Association is leaning towards a 5.1% However, the challenges will be a little different. gain in 2021.

Pre-approval

HomeLight

FEBRUARY 8, 2021

But in spite of the steep prices in housing overall, monthly mortgage payments in Orange County still clock in at $301 less in 2020 than in 2019 , thanks to low mortgage rates. The city of Irvine is famous for its laid-back California Modern homes, breezy Mid-century Modern homes, and a surplus of new construction.

Pre-approval

Toronto Realty Blog

MAY 27, 2024

It is 552,857 new homes constructed every year for seven consecutive years, in a country that already struggles to build half that each year. For the last 10 years, the annual rates of new homes has averaged just 197,000. Ever heard of an Environmental Compliance Approval? ” That’s where things are right now.

Land

Marco Santarelli

MAY 7, 2024

A recent survey by the New York Fed has sent shivers down the spines of aspiring homeowners. The survey paints a picture of consumers anticipating a dramatic rise in mortgage rates, potentially reaching a staggering 10% within three years. in mortgage rates within the next year, followed by an even steeper climb to 9.7%

Mortgages