Remove As-is Remove Closing Remove New Construction
article thumbnail

Tom Davis shares non-QM opportunities to capitalize heading into 2025

Housing Wire

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training.

Investor 448
article thumbnail

Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

To classify these sales, Zillow identified sales that were reported pending or closed with at most one day active and with a buyer and seller represented by the same agent or by agents within the same brokerage office, the report stated. The study also found that these losses were deepest in communities of color.

MLS 501
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

article thumbnail

Midwest, Northeast housing markets stay hot amid national cooldown

Housing Wire

Rich Bradford, broker associate with The Bradford Team at RE/MAX One Realty in Haddonfield, New Jersey, said the results for his local market could be even better if so many potential sellers werent locked in by low mortgage rates. Our new listings have gone up slightly but not enough to keep up with demand. Its just the way it is.

Marketing 388
article thumbnail

Realtor.com addresses housing supply gap in new report

Housing Wire

with a shortage of nearly 4 million homes, according to a new analysis from Realtor.com that was released Monday. This was driven by an increase in both single-family and multifamily construction. Importantly, new construction activity outpaced household formations for the first time since 2016.

article thumbnail

Zillow’s Orphe Divounguy says homebuilders need help to address affordability

Housing Wire

The conversation closes with Divounguy sharing his framework for tackling the affordable housing crisis in the U.S. Even if we had a massive increase in that number of new listings, that would not be enough to get affordability to get the kind of price declines that we need. Divounguy: We expect rates will continue to ease.

article thumbnail

How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Beyond that, Deephaven allows up to 3% seller concessions at closing. Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Why is that important?

Loans 343