Housing Wire

JANUARY 26, 2024

A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new qualifying candidates for a HECM. A new report from Construction Coverage sourced by its researchers and data from the U.S. with 41.8%

Marketing 468

Marketing Equity Construction Loans 468

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters.

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

FEBRUARY 27, 2025

With the uptick in the severity and frequency of these natural disasters , as well as the rising costs to rebuild and reinsure, more real estate professionals and consumers are finding homeowners insurance to be a far greater concern than ever before.

Equity 228

Equity Construction Principal Mortgages 228

Housing Wire

FEBRUARY 28, 2024

Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs. They especially aim to serve those undergoing life transitions, like seniors.

Construction 459

Construction Equity Mortgages Finance 459

Housing Wire

DECEMBER 18, 2024

The site, which was constructed throughout nearly all of 2024, launched post-live quality assurance (QA) and has been up for about a day, Burgard confirmed in an interview with HousingWire. Citi led creative testing throughout the year-long site design and build, and will conduct testing throughout 2025. .”

Marketing 415

Marketing Lending Branding Banks 415

Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

Construction 474

Construction Principal Design Equity 474

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 501

Finance Construction Loans Renovation 501

Housing Wire

JULY 10, 2024

After enlisting a local architect who understood the needs of aging, a new ADU of 650 square feet was constructed after four years at a cost of roughly $400,000. San Jose, for instance, is allowing homeowners to sell ADUs on their properties as starter homes.

Mortgages 476

Mortgages Construction Renovation Loans 476

Housing Wire

OCTOBER 14, 2021

These drastic increases in price, mean that longtime homeowners have seen massive equity gains, giving them more cash to use toward a potential new home, giving them an advantage in a bidding war against younger buyers who may be trying to purchase their first home. “And

Equity 539

Equity Construction Marketing As-is 539

Housing Wire

DECEMBER 29, 2021

Housing permits are growing and this is a good thing for the economy and construction jobs. While I have never been a housing construction boom guy because mature economies typically don’t have a construction boom, the fact that permits are keeping their uptrend is a big positive for the United States of America.

Marketing 534

Marketing Equity Construction Bankruptcy 534

Housing Wire

JANUARY 10, 2022

And if three hikes in the federal funds target come to pass, initial rates on ARMs, HELOCs and construction loans (often linked to the bank prime) will likely increase from one-half to three-quarters of a percentage point. for 30-year fixed-rate loans. 2022 should be a strong year for housing.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

SEPTEMBER 26, 2024

Miller is overseeing construction of a new home with wood floors that contain no thresholds, which might cause a tripping hazard in later life. Home equity can play a role in financing home modifications or paying for in-home care. In 2022, median home equity for 65 and older homeowners was $250,000, according to the Harvard study.

Equity 459

Equity Technology Finance Construction 459

Housing Wire

JUNE 2, 2022

In 2021, the record increase in home prices helped homeowners build equity to roughly $2.1 trillion, the most significant annual increase in equity. Data shows homebuyers since 1954 built equity for decades ; those who did not build equity purchased between 2003 and 2007. That is not true. That’s great news!

Equity 468

Equity Construction Mortgages Industrial 468

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor.

Construction 511

Construction New Construction Equity Sales 511

Housing Wire

OCTOBER 10, 2024

The Renovation Sells platform focuses on design and construction, while the loans come from HouseAmp. HouseAmp can secure financing of up to $400,000, and the company boasts that it can keep home sellers out of the process of securing a home equity line of credit.

Renovation 434

Renovation Finance Equity Technology 434

Housing Wire

AUGUST 8, 2024

New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. That’s great news for the millions of American homeowners who see their equity rising, but first-time buyers are going to keep finding it tough to find an affordable home.” That’s a 6.6%

New Construction 458

New Construction Equity Construction Marketing 458

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. Our homeowners on paper look better than ever. If supply goes over 6.5 Hard pass.

Construction 545

Construction Mortgages Sales Finance 545

Housing Wire

DECEMBER 2, 2020

There was an increase of homeowners moving to the suburbs and rural areas this year as remote work became more common. Plus, construction starts are projected to increase 9% over 2020. However, even if new construction jumps at a 9% clip, it’s not enough to sap the continual rise in home prices.

Marketing 528

Marketing Construction New Construction Equity 528

Housing Wire

JANUARY 22, 2024

Construction Coverage , a company that reviews construction software, insurance, and financial products in order to assist property builders, recently released a new report taking a closer look at the divide between baby boomers’ and younger generations’ shares of metropolitan housing markets according to reporting at the Chicago Sun-Times.

Marketing 439

Marketing Construction Equity Mortgages 439

Housing Wire

APRIL 4, 2024

million in “sweat equity grants” will go to support four nonprofit housing providers. The organizations will “use HUD’s grants to construct or rehabilitate 445 homes along with contributed labor from the homebuyers and volunteers that will significantly lower the cost of homeownership,” HUD explained. “HUD

Equity 364

Equity Principal Development Construction 364

Housing Wire

JANUARY 23, 2024

It’s a delicate balance between interest rates and equity. If rates drop and equity levels rise, homeowners may be more inclined to release their properties into the market, capitalizing on the accrued equity to offset higher interest rates. The second avenue for expanding inventory is new construction.

Agents 476

Agents Equity New Construction Days on market 476

Housing Wire

NOVEMBER 28, 2023

Launch a government-funded affordable housing awareness campaign Home equity is the primary source of wealth for most Americans. So of course, all homeowners want the value of their property to be stable and even increase over time. The cost of labor has skyrocketed in recent years, driven by shortages in the construction workforce.

Land 490

Land Construction Real-estate owned Equity 490

Housing Wire

APRIL 28, 2023

The announcement comes a year after Bloomberg reported that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners. The partnership with T.D. Jakes said in a statement.

Lending 459

Lending Banks Commercial Development 459

Housing Wire

DECEMBER 15, 2021

Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. We’re mortgage and home equity advisers who can show borrowers how to take a holistic approach to understanding how their home financing decisions impact their overall financial wellness. That value lies primarily in our knowledge and expertise.

Finance 418

Finance Loans Construction Equity 418

Keeping Current Matters

OCTOBER 13, 2021

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The great news is that the money you need probably already exists in your current home in the form of equity. Home Equity Is Skyrocketing.

Renovation 326

Renovation Equity Mortgages Design 326

Housing Wire

JUNE 23, 2021

While these metrics are an advantage to existing homeowners who can capitalize on home appreciation, it presents a challenge for new homebuyers trying to enter the market. Decades of social and economic factors have made it even more challenging for minority homebuyers to become homeowners.

Marketing 448

Marketing Construction Industrial Mortgages 448

Eye on Housing

DECEMBER 30, 2024

In March, Jing Fu compared homeowners and renters’ major assets, debt and net worth, as well as differences between age groups. With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. As examined in a previous post, homeownership plays an integral role.

As-is 111

As-is Equity Construction Mortgages 111

Housing Wire

JANUARY 19, 2024

Courtesy of Fannie Mae Overall, Fannie Mae expects that the slowly normalizing existing homes market, as well as additional housing supply from the construction of new homes, will help keep further home price growth in check in 2024. The ESR group expects the annualized pace of existing home sales to move up to 4.5 million in Q4 2023.

Mortgages 541

Mortgages Fixed-rate mortgage Sales Equity 541

Housing Wire

MAY 26, 2022

We have more housing starts under construction now than in recent history! We have a lot of multifamily construction going on that won’t help the homebuyer. People forget when rates rose to 5% in 2018, it delayed housing construction from really growing for 30 months. This is true except for one big reality!

Construction 526

Construction Bankruptcy Sales House Flipping 526

Housing Wire

MARCH 14, 2023

Latinos added a net total of 349,000 homeowner households last year, which is one of the largest single year gains over the last decade, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2022 state of Hispanic homeownership report on Tuesday. million Hispanic homeowner households. Today, there are 9.2

Debt-to-income ratio 418

Debt-to-income ratio Mortgages Closing costs Equity 418

Keeping Current Matters

JULY 20, 2021

Homeowners aren’t using their homes as ATMs this time. As prices began to fall, that caused many to spiral into a negative equity situation (where their mortgage was higher than the value of the house). Today, homeowners are letting their equity build. Today, homeowners are letting their equity build.

Equity 313

Equity Loans Construction Mortgages 313

Housing Wire

APRIL 14, 2023

Additionally, buyers migrated to more affordable locations in low-density areas, allowing them to purchase a home with all cash, if they had housing equity from their past property. Thus, the typical homeowner, who owned their home for a decade, had more than $200,000 in housing equity to make a trade.

Equity 459

Equity Investor New Construction Mortgages 459

Housing Wire

FEBRUARY 20, 2025

The Attorney General of Massachusetts has filed suit against home equity contract provider Hometap , alleging that the company pervasively and systematically violated the states consumer protection laws, including mortgage and foreclosure prevention laws, putting financially vulnerable homeowners at high risk of losing their homes.

Mortgages 245

Mortgages Equity Loans Residential 245

Housing Wire

OCTOBER 20, 2020

Frater, whose company has one million homeowners in forbearance, said that the increased use of digital tools on the front- and back-end has been critical in being agile. “I Sweat equity, accessory dwelling unit construction and manufactured/factory-build housing were also initiatives the housing giant was pursuing.

Land 508

Land Principal Mortgages Equity 508

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Barnes said.

Loans 435

Loans Renovation Construction Mortgages 435

Keeping Current Matters

FEBRUARY 25, 2021

Homeowners Who Didn’t Sell Last Year. From health concerns about the pandemic to financial uncertainty, plenty of homeowners decided not to move last year. It will be the first year for which total single-family construction will exceed 1 million starts since the Great Recession.”.

Construction 323

Construction Equity Sales Marketing 323

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” There’s a strong collaborative energy in D.C.

Development 458

Development Industrial Mortgages Fixed-rate mortgage 458