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Black Friday deals on a new home? Here you go

Housing Wire

That’s right, there are Black Friday home sales! The Ohio-based builder is offering discounts of up to $20,000 on select homes in Greater Houston , along with no-cost 2/1 rate buydowns , and slashing prices by as much as $93,850 in other markets like Chicago.

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Rocket Mortgage rolls out new loan option for manufactured homes

Housing Wire

In the past year, there was roughly $12 billion in sales of manufactured homes. Manufactured homes are built at indoor homebuilding facilities and then delivered to the land chosen by the owner. But not every manufactured home owner owns the land.

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Opinion: How the title industry protects homeowners

Housing Wire

Preventing wire fraud and helping wire fraud victims Every year, unsuspecting homebuyers fall victim to a scam called real estate wire fraud, where fraudsters trick them into wiring their downpayments and closing costs to a fraudulent account. The bill establishes remedies to help those who own heirs’ property maintain ownership.

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Desperate for deals, mortgage pros get creative

Housing Wire

That’s why builders are utilizing closing cost incentives and temporary rate buydowns often funded by lenders. “If Some markets like New Jersey don’t have land to build new homes. Other ones will have preferred lender lists where if you work with one of four lenders, you can get a closing cost incentive,” Burruss said.

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Is there a housing inventory ‘silver tsunami?’ Not where it’s needed

Housing Wire

The theory is that older peoples homes either through death or their choice to downsize and relocate will be listed for sale and become available to younger buyers. Zillow research shows that housing shortages were the most severe in markets with more land use restrictions. The second is in reference to housing inventory.

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LendingPulse Q2 2023 survey: Mortgage pros share their biggest concerns, market outlook

Housing Wire

A total of 45% of participants said home sales in their markets will remain flat for the next three months; 30.3% said sales will go up more than 5%; and 25.2% expected sales to go down more than 5% In the latest report from the National Association of Realtors (NAR), existing home sales rose 14.5% About 47.1%

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Average Closing Costs for Purchase Mortgages Increased 13.4% in 2021

RIS Media

The national average for mortgage closing costs for a single-family property in 2021 was $6,905 including transfer taxes and $3,860 excluding transfer taxes, according to CoreLogic ’s ClosingCorp ’s latest Purchase Mortgage Closing Cost Report released this week. increase we are seeing on purchase mortgage closing costs.