Remove As-is Remove New Construction Remove Renovation
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

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. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Mortgage interest rates have steadily ramped up throughout 2024.

Loans 341
Insiders

Sign Up for our Newsletter

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

article thumbnail

How New Hampshire is looking to alleviate its housing crisis

Housing Wire

In 2023, through its Statewide Housing Needs Assessment , New Hampshire Housing found that the state is currently short by 23,500 units. This has begun to impact New Hampshires growing economy as employers cant hire people if there is nowhere suitable to live. Its a big deal.

article thumbnail

Beyond rates: How Flagstar’s expertise and support drive broker success

Housing Wire

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” ” Our success is driven by our exceptional team and an expansive product portfolio. . Learn more about Flagstar HERE.

Lending 466
article thumbnail

July’s new housing activity jumps back up amid increased demand

Housing Wire

Additionally, remodel volume – a subset of maintenance that includes renovations, additions, and alterations – increased 2.59% while spend decreased 1.59% year over year. Last month, Buildfax estimated if single-family authorizations and existing housing activity continue to gain, new construction could stabilize in the Fall.

article thumbnail

Construction worker shortage has reached “crisis” levels

Housing Wire

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed. Top markets for affordable renovated housing inventory.

article thumbnail

Building towards 2050: Ensuring affordable housing in an urbanized America

Housing Wire

At HVPG, we recently completed a renovation at a senior living facility in Jersey City, a city experiencing rapid growth with almost 30% of its current population arriving in 2021 or 2022. Our renovation includes features such as step-free entrances, wider doorways, and bathroom modifications. rose 37.5%.