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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.

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

Housing Wire

Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC. Close one loan for a real estate investor and you have a repeat client for life! TD: DSCR loans are one of the easiest and quickest loans to close.

Investor 448
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Building towards 2050: Ensuring affordable housing in an urbanized America

Housing Wire

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. One notable approach is adaptive reuse, which involves repurposing existing buildings for new uses.

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New Construction and Developments Heat Up in South Florida

Coldwell Banker

South Florida’s real estate market continues to see a slow but steady recovery during the current coronavirus pandemic that changed the way day-to-day real estate business nationwide is conducted, from showing properties to prospective buyers, to the closing process and more.

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New home sales disappoint in October, prices fall

Housing Wire

In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-to-date basis, new home sales were up 9.5% below the revised September rate of 719,000 but is 17.7%

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New home sales fall due to low inventory and high prices

Housing Wire

Roughly 54% of homes sold in America during May closed at over listing price , according to data from Redfin, a record. Census Bureau on Wednesday painted a more hopeful picture of builders catching up to meet new home sales demand. Housing starts data from the U.S.

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UWM rolls out construction-to-permanent loans

Housing Wire

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.