Housing Wire

NOVEMBER 27, 2023

In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S. On a year-to-date basis, new home sales were up 9.5% However, the share of new construction for sale in the third quarter was the highest ever recorded. in the Northeast, 5.8%

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Sales New Construction Construction Closing costs 448

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. The business appears durable, too. million, but 4.1%

Construction 476

Construction New Construction Lending Sales 476

Housing Wire

NOVEMBER 15, 2023

The latest GDP report, Consumer Price Index findings and softer labor data seem to point towards a mild improvement in the economy, but Yun still sees some worrying signs to watch for in the new year. Meanwhile, he counts on home builders to ramp up new construction, as the existing-home inventory shortage lifts demand for new homes.

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Sales New Construction Staging Mortgages 482

Housing Wire

JULY 15, 2024

The Hoboken, New Jersey -based team was previously brokered at RE/MAX Select and Fontaine has been with the RE/MAX brand for two-plus decades. Fontaine cited Compass’ technology as a major source of her motivation to move herself and her team to a new brand. 48 spot in New Jersey for volume among large teams and the No.

Technology 435

Technology Branding New Construction Construction 435

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

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Construction Loans Loan Officer New Construction 418

Housing Wire

OCTOBER 9, 2024

She has more than 25 years of real estate industry experience, and she specializes in lake properties and new construction. In 2023, she closed 57 transaction sides for a total of $29.979 million in sales volume. Walsh cited Coldwell Banker Realty’s marketing programs as one of the reasons for her return. This earned her the No.

Agents 435

Agents Commercial New Construction Title 435

Housing Wire

APRIL 18, 2024

Meanwhile, new construction of both single-family and multifamily homes receded in March. Mortgage rates, which had been expected to fall in 2024, have inched up close to 7% and seem poised to remain higher for longer. Meanwhile, unsold inventory sat at a 3.2-month month supply at the current sales pace, up from 2.9

Sales 448

Sales New Construction MLS Construction 448

Housing Wire

JUNE 17, 2021

Roughly 54% of homes sold in America during May closed at over listing price , according to data from Redfin, a record. However, construction is still facing headwinds given permits for new developments by homebuilders dropped 3%, largely because lumber and building material costs kept prices high.

Sales 511

Sales VA loan FHA loan Loans 511

Housing Wire

DECEMBER 4, 2024

While the increased limit theoretically increases the borrowing power for anyone considering a HECM loan, industry analysts are somewhat split over the potential benefits such a limit would have on the industry in the new year. Lisa Moriello, national retail reverse sales manager at loanDepot , also views the new limit as a positive.

Mortgages 397

Mortgages Equity Lending Loans 397

Housing Wire

FEBRUARY 4, 2021

Here’s how Dannielle Hale, chief economist for Realtor.com, put it in her recent 2021 forecast: “The housing market in 2021 will be much more hospitable for buyers as an increased number of existing sellers and ramp-up in new construction restore some bargaining power for buyers, especially in the second half of the year.”.

Earnest money deposit 546

Earnest money deposit Pre-approval Marketing New Construction 546

Housing Wire

MAY 28, 2024

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. New listings climbed during the past week and there are now 72,000 more single-family homes on the market.

Sales 534

Sales Mortgages Closing Marketing 534

Housing Wire

AUGUST 29, 2024

Additionally, urbanization is closely linked to the concept of “aging in place,” where more individuals choose to remain in urban areas as they age, necessitating housing solutions tailored to their specific needs. Urbanization is rapidly transforming cities worldwide. By 2050, it is projected that 90% of the U.S. rose 37.5%.

Development 459

Development Renovation New Construction Land 459

Housing Wire

MARCH 8, 2023

While many are hoping new build inventory can at least slightly ameliorate this situation, an analysis from Realtor.com , published on Wednesday, says otherwise. If only single-family homes are considered, the rate of housing starts would need to triple to keep up with demand and close the existing 6.5 However, an average of 94.5%

Marketing 459

Marketing Construction New Construction Mortgages 459

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Change is on the horizon. For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions.

Agents 476

Agents Equity New Construction Days on market 476

Housing Wire

MAY 19, 2021

“Until new construction takes off — over the course of years, not months — home prices will continue to increase. This housing boom is nowhere close to over.” But the fact remains, she said, that low inventory is going to keep prices high.

New Construction 501

New Construction Sales Construction Closing 501

Housing Wire

JULY 10, 2023

While prices are still well below peak levels across the West and in many pandemic boom towns, price firming in recent months has begun to close those gaps. New construction starts and completions were both strong in May, which is welcome news. The reheating is widespread with more than half of the 50 largest U.S.

Principal 418

Principal Residential New Construction Land 418

Housing Wire

MAY 2, 2024

But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. He expects the group to close about $400 million in mortgages this year, representing about 15% of the company’s total. Potempa had a joint venture with OneTrust from March 2022 to March 2024.

Loan Officer 448

Loan Officer Mortgages VA loan Lending 448

Housing Wire

JANUARY 6, 2022

An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month.

Construction 511

Construction New Construction Equity Sales 511

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. “We do not see new construction returning in a meaningful way any time soon. Mortgage rates have nearly doubled to around 6.5% The median existing house price increased 7.7%

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Keeping Current Matters

JULY 27, 2021

As a seller, you’ve likely heard that low supply is good news for you. Our low supply goes hand-in-hand with the number of new homes built over the past decades. That means if we build even more new houses than the norm every year, it’ll still take a decade to close the underbuilding gap contributing to today’s supply-and-demand mix.

New Construction 337

New Construction Construction Equity Marketing 337

Housing Wire

JUNE 6, 2023

Demand from the buyer side has remained steady or increased, however, and new home builders have responded to inventory shortages by increasing speculative inventory production, according to the Federal Reserve Beige Book, released Wednesday. Inventory remains exceptionally low and is restraining sales activity in much of the District.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

FEBRUARY 18, 2022

percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern,” said Joel Kan, the Mortgage Bankers Association’s AVP of economic and industry forecasting. Garage doors are taking months to arrive, delaying closings. “While the 6.7

Sales 435

Sales New Construction Equity Construction 435

Housing Wire

OCTOBER 21, 2021

Some buyers simply picked the area for its New England charm, but local Keller Williams agent Andrew Mannix has noticed a lot of people using the opportunity to work remotely as a way to move closer to home. After losing out on multiple properties, many buyers are turning to new construction. Few homes for sale.

New Construction 397

New Construction Agents Construction Marketing 397

Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

Lending 370

Lending Banks Technology New Construction 370

Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Niche loans consist of about 5% of Parkinson’s business.

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418

Keeping Current Matters

MARCH 17, 2021

Businesses and schools were forced to close, shelter-in-place mandates were enacted, and the economy came to a screeching halt. However, some businesses are still closed, and many schools are still struggling to reopen. However, some businesses are still closed, and many schools are still struggling to reopen.

Construction 291

Construction New Construction Residential Industrial 291

HomeLight

AUGUST 17, 2022

Buying a new construction home can be intimidating. If decisions aren’t your thing, you might be able to buy a new construction home that is already built and ready for you to move in. Find a buyer’s agent who works with new construction. Find a Buyer's Agent to Help You Buy A New Construction Home.

New Construction 124

New Construction Construction Agents Inspection 124

Realtor.com

NOVEMBER 17, 2022

Getty Images While buying any home is an expensive endeavor these days, buying a brand-new home—where everything is in pristine condition—will understandably cost a bit more. 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.

New Construction 126

New Construction Construction Development Renovation 126

Housing Wire

NOVEMBER 4, 2024

Take a look below to see the latest from last year’s winning organizations who answered the question: What new products or projects has your company taken on since its last TECH100 win? “Kiavi launched a new construction financing product. Click here to nominate a tech organization.

Industrial 304

Industrial New Construction Technology Construction 304

Housing Wire

APRIL 20, 2022

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project. The lenders plan to launch in Nevada, New Mexico and North Carolina later this year.

Loans 397

Loans Lending Construction Banks 397

Housing Wire

JANUARY 6, 2021

This is the first of the company’s strategic homebuilder partners to offer the services to new-construction customers, and they’re starting with the Florida market. As a partner in Offerpad’s Homebuilder Alliance program , Maronda Homes will offers homebuyers listing and direct sale products when purchasing a new build.

New Construction 268

New Construction Construction Closing Sales 268

Housing Wire

AUGUST 29, 2024

That means currently just over 700,000 single-family homes are unsold, with about 10% of those going into contract each week, and another 75,000 new listings. Florida and Arizona have 70% more homes unsold on the market now than last year, while New York has only 10% more. Inventory is climbing but it’s still pretty restricted.

Construction 482

Construction New Construction Mortgages Marketing 482

Realtor.com

NOVEMBER 9, 2022

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

New Construction 123

New Construction Construction Loans Design 123

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?”

New Construction 138

New Construction Construction Purchase and sale agreement Design 138

Housing Wire

FEBRUARY 8, 2024

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. As a real estate agent, you may think clients should care more about their next home than your life story. But on a more basic level, people like to connect human-to-human.

Agents 435

Agents Construction Design Branding 435

Housing Wire

JUNE 10, 2022

Based in New Jersey, Esser and her team have been recognized as the No. 1 agent in Tenafly, New Jersey and the No. This week’s HW+ member spotlight features Stacy Esser, founder and team leader at Stacy Esser Group/SEG Realty Keller Williams. 1 agent for the Bergen County. HousingWire: What is the weirdest job you’ve ever had?

Construction 397

Construction Closing New Construction Agents 397

Housing Wire

OCTOBER 21, 2020

Bill Lublin with Century 21 Advantage Gold in the New Jersey and Philadelphia area is in a location where his brokerage is benefitting from the exodus from New York City. . “It’s been a circus, really,” said Anthony Lamacchia, Realtor and owner of Lamacchia Realty in the Boston suburbs.

Marketing 545

Marketing Agents New Construction As-is 545