loanDepot eyes purchase business in the South with new mortgage JV
Housing Wire
NOVEMBER 4, 2024
loanDepot has signed a new joint venture agreement with Smith Douglas Homes , a top-50 homebuilder with a solid book of business in the Southern states.
Nearly half of home sellers are offering concessions
Housing Wire
APRIL 21, 2025
According to a new report from Redfin , 44.4% of home sales from January through March included concessions such as money toward repairs, closing costs or mortgage rate buydowns. McVay said concessions have become a strategic way for sellers to meet buyers financial needs without lowering their sale price. Thats up from 39.3%
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The 11 do’s and don’ts of buying a new build
Housing Wire
APRIL 18, 2025
Navigating the home buying process often begins with deciding between a new build or an existing homeand while new construction offers exciting possibilities, it also comes with unique challenges. New builds come with builder warranties and construction quality may vary due to labor shortages, and delays can occur.
Home Sale Cancellations Hit a Record High for June
BAM Media
JULY 24, 2025
of pending home sales fell through in June 2025, the highest June rate on record since 2017. Nearly 15% of pending home sales fell apart last month. A new Redfin report shows that 14.9% of home-purchase agreements were canceled in June, up from 13.9% BAM Key Details: Redfin report shows that 14.9% a year earlier.
72% Americans Fear Reciprocal Tariffs Could Hurt the Housing Market
Marco Santarelli
MARCH 18, 2025
Impact on Housing Supply Chains: Increased Construction Costs: Tariffs on imported building materials like lumber, steel, and aluminum will drive up construction costs. This means new homes will be more expensive to build, potentially leading to fewer new construction projects. Consumer sentiment surveys.
Homebuilder sales incentives are in full bloom this spring
Housing Wire
MAY 19, 2025
As builders struggle to close sales, resulting in declines in builder confidence and in company revenues, many have started to pile on buyer sales incentives. One-third of respondents increased some, most or all of their sales incentives. Considering that the new construction sector entered the Great Recession with over 1.5
Buying a Model Home: How It Works and What You Need to Know
Redfin
AUGUST 5, 2025
But sometimes model homes can also be made available for interested buyers to purchase. They’re often cheaper than new construction homes Model homes are meant to be a reflection of what other properties will look like in a given development. The pros and cons Purchasing a model home can have a number of benefits.
What Does a Home Builder’s Warranty Cover?
Rochester Real Estate
NOVEMBER 5, 2015
What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What Does a Home Builder’s Warranty Cover? Home Builder Warranty – What Do They Cover Understanding a builder’s warranty coverage is crucial when purchasing a new home.
Will the Housing Market Crash Due to Reciprocal Tariffs: Survey Warns
Marco Santarelli
MARCH 19, 2025
Impact on Housing Supply Chains: Increased Construction Costs: Tariffs on imported building materials like lumber, steel, and aluminum will drive up construction costs. This means new homes will be more expensive to build, potentially leading to fewer new construction projects. Consumer sentiment surveys.
What to Look For in New-Construction Homes: These 5 Crucial Aspects Should Be on Your Radar
Realtor.com
OCTOBER 15, 2020
fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. However, just because a house is new doesn’t mean it’s free of flaws. There are a lot of factors that could make a brand-new home a less than ideal purchase. Do the materials and style of construction match the neighborhood?”
Ready to Sign the Purchase Offer for Your House? Here’s How to Read the Fine Print
HomeLight
AUGUST 11, 2023
Now that you have a purchase offer in hand, you’re in the home stretch, so to speak, of selling your house — but don’t sign the paperwork or pop the champagne just yet. Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money.
Can 3-D printed homes help solve the housing crisis?
Housing Wire
APRIL 21, 2022
A man in Iowa in the late 1800s would get a loan from the bank, take a train to Chicago, purchase a home, come back and the house is delivered, and his neighbors help him assemble it.”. Then, there was an $11,000 financing cost, a $49,000 tab for an open house and general expenses, and $28,000 toward a real estate agent’s sales commission.
Existing home sales rise in June as inventory improves
Realty Biz
JULY 23, 2021
Existing home sales rose by 1.4% million units, following four months of declining sales. The sales numbers are based on transactions closed in the month, so they could be contracts signed in April or May, the National Association of Realtors reported. Sales are still up massively on an annual basis. month supply.
4 Essential Steps for Winning With Buyers and Builders
RIS Media
MAY 30, 2021
It is easy to be lured by their friendly sales reps and attractive model homes, but who will be looking out for their interests after the contract is signed? Ideally, this conversation should occur while discussing the buyer representation agreement. Explain your value proposition to buyers. Develop relationships with builders.
Why You Still Need an Agent to Buy a New House
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.
Should You Interact With The Buyers Before Your Sale Closes?
Toronto Realty Blog
AUGUST 2, 2023
The note for the 2017 sale was longer and a bit mushier, as I disclosed that I had proposed to my wife in the condo, and that we brought our first child home to the condo, and that we wished the new buyers all the love and happiness in the world as they created new memories and experiences of their own in the condo.
What Legal Documents Will You Need for Buying a House? Here’s Your List
HomeLight
DECEMBER 30, 2021
Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Dobbs works in Illinois, where buyer representation agreements are not common. This is why it’s so important to have a thorough home inspection conducted during the due diligence period of your purchase agreement.
Contingent vs. Pending: Real Estate Lingo Explained
RIS Media
MAY 19, 2021
” What do they mean and how will they affect your home sale? Despite this, there can still be room to negotiate the conditions of the sale. Not all sales will have contingencies with them, but most will. The majority of homebuyers use a mortgage to finance their purchases. Home Sale Contingencies.
Late-July Home Sale Prices Up 11%, Largest Annual Increase Since 2014
Redfin
AUGUST 3, 2020
Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over year gains we reported for the period ending July 12. 30-year mortgage rates have hovered around 3% for three weeks , and mortgage purchase applications were up 21% from a year earlier.
@properties Launches National Franchise Program
RIS Media
SEPTEMBER 29, 2020
properties said it will offer a fresh, full-service alternative to independent broker/owners, owners with expiring franchise agreements and top-producing agent teams. 1 seller of new construction). As of August 2020, the firm has grown to 250 agents and last 12 months’ closed sales volume of $1.5
Closing Documents for Buyers: 15 Closing Documents to Bring, See, Sign
HomeLight
OCTOBER 13, 2021
You’ll need to bring or sign a whole slew of documents to complete the purchase. If you purchased title insurance, it would be in here, too. There are some instances where the buyer’s agent will work with the seller’s agent to get the seller to pay their debts so the purchase can go through. Photo identification.
Frequently Asked Questions about Buyers Agents in Real Estate
Realty Biz
SEPTEMBER 23, 2023
Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. You may likely be asked to sign a buyer's agency agreement. Maximum Real Estate Exposure is an insightful resource for explaining buyer agency agreements. What is a Buyer's Agent Agreement?
Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers
HomeLight
JULY 6, 2023
Considering that 78% of recent buyers financed their home purchase, this contingency is fairly standard. Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours. An offer has been accepted, and the sale is expected to close. What other MLS statuses do agents use?
Top 5 States with the Best Housing Market (+ 5 Worst) in 2024
The Close
JULY 23, 2024
I analyzed homes for sale, mortgage rates, local median home prices, new construction, and median household income to determine the top five states with the best housing market and the bottom five that could be doing better. Moreover, the state saw an impressive 4,076 new constructions, ranking it 9th highest in the country.
Consumers’ Housing Market Perceptions vs. Reality
Broke Agent Media
MAY 16, 2023
Given 72% of sellers are also buyers, it’s not earth-shattering news that both sides are often willing to see things from the other side’s perspective—and make concessions to speed things along. After all, the harder it is to buy a home, the more difficult it is for buyer-sellers to move ahead with a sale.
13 Tips For Buying a Rental Property in 2022
Norada Real Estate
FEBRUARY 21, 2022
Looking to purchase and profit from a rental property? Just like any business, purchasing a rental property to earn monthly income can be a bit risky too. A good rental property is fully refurbished or a new construction residential property. What are the comparable rents and purchase prices? How good is that?
Latest Housing Market Data & News: Let’s Party
The Close
JANUARY 22, 2024
December’s existing home sales slipped slightly (1%) after a few months of being up, but no one is still predicting a housing market crash and the end of civilization. Pending sales rose 4.1% December pending sales were at the highest level for all of 2023. New listings rose to the highest level since September 2022.
How Much Are Closing Costs in California?
HomeLight
APRIL 14, 2023
In this post, we’ve researched the expenses related to buying a home in California and gathered expert insights to help you understand just how much closing costs will set you back before you make the biggest purchase of your life. Find a Buyer's Agent What are closing costs? We’ll break down these items in more detail in the next section.
Boston Real Estate Market & Investment Overview 2020
Marco Santarelli
AUGUST 18, 2020
In June, the pending sales of single-family homes jumped 43.6 percent from 1,187 homes put under agreement in May, and condo pending sales climbed and even more impressive 51.7 percent from 782 units placed under agreement in May, according to GBAR. The median sale price was $679K. year-over-year.
Introducing Decentre Property Exchange
Notorious ROB
APRIL 5, 2023
I’ll try very hard not to make this a total sales pitch and shameless plug, but… I make no guarantees on that front. Settlement : actual exchange of money or something else of value for what was purchased. We agree… if they are paying a Buyer Premium on top of the full commission-included sale price.
Phoenix Real Estate Market & Investment Overview 2020
Marco Santarelli
SEPTEMBER 5, 2020
It could only pause sales, which in turn created a huge pent up demand. The Phoenix real estate market has not only recovered after a slump due to COVID-19 but the demand has reached new heights. In July, the median sales price — up 3.3% Ideally, a buyer would prefer a sale to asking price ratio that’s closer to 90%.
A Fail-Proof System for Estate Sale Listing Success
HomeLight
FEBRUARY 27, 2023
But when it’s an estate sale, emotions can run even higher. He is the broker and owner of Proof Real Estate in San Francisco, California where he specializes in estate sales. On today’s episode, we’re gonna talk about Craig’s five-step formula for estate sale listing success.
Six Reasons Why Your Real Estate Business Needs A Technology Overhaul In 2022
Realty Biz
MAY 9, 2022
It is revolutionizing how buyers connect with realtors for property purposes, be it for construction, purchasing, property management, home services, selling, or renting. The accuracy of a property’s expected sale price will improve as the capacity to acquire data grows. To use blockchain to sell real estate via tokens.
How Long Does it Take to Close on a House? 11 Steps From Your Offer to Keys in Hand
Redfin
MARCH 30, 2021
Practically speaking, you’re committed to your lender from this point forward, since there won’t be time to restart the mortgage process with a new lender and still meet the closing date shown in your purchase agreement. This includes finalizing the property you are purchasing. Average time: 7-14 days.
Las Vegas Real Estate Market 2020 Overview
Marco Santarelli
AUGUST 27, 2020
According to the association of local realtors (LVR), July had the most amount of home sales since 2017 with more than 4,000 existing homes sold. In July, the median sales price of previously owned single-family homes, which comprises of the bulk of the Southern Nevada's housing market, increased to $330,000, a year-over-year increase of 8.9
Your Guide to Buying a Home in the Sunshine State of Florida
HomeLight
SEPTEMBER 1, 2022
Before you start looking for homes in Florida, you want to determine if you’re ready to purchase one. Homebuyers in Florida pay an average of approximately 2.58% of the home’s purchase price in closing costs when purchasing a home. Saving for your down payment. The median home price in Florida is $415,762 as of July, 2022.
Best Real Estate Websites For Buyers And Sellers In 2020
Marco Santarelli
AUGUST 17, 2020
® offers a comprehensive list of for-sale properties, as well as the information and tools to make informed real estate decisions. For example, it provides a quick snapshot of local markets like the median sale price and average price per square foot so you can estimate what a house is worth on the market in good condition. Realtor.com®
Friday Headlines!
Toronto Realty Blog
MARCH 25, 2022
The organization also criticized the First-Time Home Buyers Incentive program, a shared-equity program launched in September 2019 that offers five per cent toward the down payment for a first-time buyer’s purchase of an existing resale home, or 10 per cent for a newly constructed home. March 24, 2022.
Charlotte Real Estate Market & Investment Overview 2021
Marco Santarelli
MARCH 24, 2021
Continuing the Charlotte-area housing market's hot streak, home sales and the median price paid for those homes rise in February. Until March 2020 the real estate sales were going steady in the entire Charlotte Metropolitan Statistical Area. of new listings and closes sales which dropped in the month of April.
How to Sell a House by Owner in South Carolina: A FSBO Guide
HomeLight
NOVEMBER 21, 2022
When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. As the market shifts, you may have new concerns about how much you can get for your home and the amount of your net proceeds. Get Started.
Minneapolis Real Estate Market & Investment Overview 2021
Marco Santarelli
JULY 9, 2021
in home sales. The median sales price continued to uptick. Single family sales were up 10.7 Condo sales rose 98.3 Townhome sales increased 13.6 Traditional sales rose 16.6 Foreclosure sales were down 35.8 Short sales fell 63.6 Previously owned sales were up 18.3 year-over-year.
Pittsburgh Housing Market: Prices | Trends | Forecasts 2022
Marco Santarelli
DECEMBER 28, 2021
In fact, the Pittsburgh housing market has seen the fewest number of homes actively listed for sale in 2021 The shortage of houses available for sale in Pittsburgh has led to higher demand and rising prices, especially in moderate-income neighborhoods. Homes for sale in Pittsburgh have a median listing price of $230,000.
Inside Tom Sandoval and Ariana Madix’s unique living arrangement
Fancy Pants Homes
MARCH 21, 2024
In addition to finding a supportive new beau, Ariana competed on Dancing with the Stars and has even made her Broadway debut as Roxie Hart in Chicago. In 2019, the former couple jointly purchased a chic modern farmhouse in Valley Village for just over $2 million. While Ariana wants to move out and move on, Tom is refusing to relocate.
Renting vs Buying in Austin, TX: Which is Right for You?
Redfin
JULY 10, 2023
If you’re looking to buy a home in Austin , the current median sale price for a home is $468,000 as of July. According to a new Redfin study, the average rent price in Austin is $2,951, while the estimated median monthly mortgage cost is $3,801. Do you want a new construction home or an older property with character?
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