Housing Wire

DECEMBER 2, 2020

Home prices are expected to hit new highs while inventory makes a “slow but steady comeback.”. 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. More homes are expected hit the market.

Marketing 528

Marketing Construction New Construction Equity 528

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

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

MAY 6, 2024

The associations also propose some language changes to the New Construction Subterranean Termite Service Record; the Builder’s Certification of Plans, Specifications, & Site; the HECM Anti-Churning Disclosure; and the condominium single-unit approval questionnaire to answer specific approval and detail issues that have been identified.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

Finance 501

Finance Construction Loans Renovation 501

Keeping Current Matters

JULY 27, 2021

According to Sam Khater, VP and Chief Economist at Freddie Mac : “The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes.”. New home construction has been lagging behind the norm for quite some time. million new housing units per year. totaled more than 5.5

New Construction 330

New Construction Construction Equity As-is 330

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. What about existing homes?

Construction 511

Construction New Construction Equity Sales 511

Housing Wire

SEPTEMBER 18, 2024

In addition to recently making a key operations hire in an effort to expand its capacity to originate and fund loans, market conditions — including an expanding Home Equity Conversion Mortgage (HECM) for Purchase market — present a unique opportunity for the company.

Loans 459

Loans New Construction Mortgages Lending 459

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 18, 2022

The good news is there are several directions from which more supply may come, said Matthew Speakman, an economist at Zillow. “The other good news is that even despite very limited selection, buyers are finding ways to get deals done, keeping sales volume elevated heading into the spring shopping season.

Sales 435

Sales New Construction Equity Construction 435

Realtor.com

NOVEMBER 17, 2022

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. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

New Construction 126

New Construction Construction Development Renovation 126

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. For this to work, we would need to prevent NIMBY lawsuits from delaying construction projects.

Construction 545

Construction Mortgages Sales Finance 545

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. About 37% of respondents were spending money in social media and 34.8%

Mortgages 448

Mortgages Marketing Banks New Construction 448

Propmodo

JUNE 20, 2024

CBRE itself sees so much potential in the sector that have decided to buy a data center service provider from a private equity firm Like warehouses and logistics in the pandemic era, the sky’s the limit for data center development. All these factors are leading to innovations in data center design and construction.

New Construction 122

New Construction Construction Design Development 122

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.

Loans 397

Loans Lending Construction Banks 397

Keeping Current Matters

SEPTEMBER 16, 2021

New construction is starting to take off – Though new construction is not included in the realtor. com numbers, as more new homes are built, there will be more options for current homeowners to consider when they sell. The main reason is the level of equity homeowners currently have in their homes.

Sales 318

Sales New Construction Construction Equity 318

Keeping Current Matters

MARCH 10, 2021

New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void. People are equity rich, not tapped out. Many immediately withdrew their equity once it built up, and they learned their lesson in the process. This is nothing like the last time.

Equity 317

Equity New Construction Construction Short sale 317

Housing Wire

NOVEMBER 30, 2021

The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Refinance decline.

Lending 431

Lending Loans Investor New Construction 431

Housing Wire

JULY 22, 2021

Ideally, the costs for a home would rise roughly in line with income growth, which is likely to happen in 2022 as more listings and new construction become available.”. Properties typically remained on the market for 17 days in June, unchanged from May and down from 24 days in June 2020.

Sales 508

Sales New Construction Equity Construction 508

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Housing Wire

MAY 3, 2024

That is a challenging conversation to have with clients, but basically everyone has equity if they bought their house in the last three or four years. In addition to a lack of existing-home inventory, North Carolina is also struggling to grow its supply of new single-family homes. “We We have so much new construction happening.

Marketing 422

Marketing Construction New Construction Development 422

Keeping Current Matters

NOVEMBER 10, 2021

The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity. Most experts believe that as more housing inventory comes to market (both new construction and existing homes), the supply and demand for housing will come more into balance.

New Construction 304

New Construction Equity Construction Closing 304

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. Some markets like New Jersey don’t have land to build new homes.

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418

Housing Wire

AUGUST 3, 2023

This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added.

Land 370

Land Construction Development Finance 370

Real Trends

MARCH 29, 2023

Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011. In terms of inventory, new homes make up a small portion of available homes — approximately 10%.

New Construction 94

New Construction Construction Banks Development 94

Keeping Current Matters

JULY 20, 2021

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. In 2006, that number was $4.6 Bottom Line. This market is nothing like the run-up to 2006.

Equity 313

Equity Loans Construction Mortgages 313

Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. Different types of new homes can be less expensive.

New Construction 73

New Construction Construction Equity Commercial 73

Housing Wire

APRIL 24, 2023

Home equity is also the primary source of wealth for most Americans. New construction, resales, refinances and home improvements account for approximately 16% of the U.S. Wealth can be used to start a business or educate children. GDP, roughly $3 trillion.

Closing 396

Closing New Construction Loans Equity 396

Housing Wire

JUNE 10, 2022

There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. Finally, the last closely watched trend in the housing market is construction activity. When I try to explain this to people, I have to relate to them in some way, help them understand.

Construction 397

Construction Closing New Construction Agents 397

Keeping Current Matters

FEBRUARY 25, 2021

Last year was a strong year for home builders, and according to the National Association of Home Builders ( NAHB ), 2021 is expected to be even better: “For 2021, NAHB expects ongoing growth for single-family construction.

Construction 323

Construction Equity Sales Marketing 323

Marco Santarelli

NOVEMBER 2, 2024

Factors such as stricter lending standards and an overall increase in homeowner equity provide a buffer against a potential downturn. Additional insights suggest that the market might experience gradual price increases as new construction efforts ramp up, helping to alleviate some of the existing inventory issues.

Marketing 110

Marketing Construction New Construction Mortgages 110

Housing Wire

SEPTEMBER 22, 2023

They did for a quarter as households sort of adjusted to the idea that they were going to be running at a new higher level. For existing homeowners, that’s good news because it means equity accumulation. These loans are going to refinance, and the consumer will be in good shape, building equity to become a move-up buyer.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

Keeping Current Matters

FEBRUARY 24, 2021

She then offers a possible solution: “While the fear of not being able to find something to buy will not disappear in a limited supply environment, new housing supply can incentivize existing homeowners to move.”. There’s no doubt many sellers would love to build a new home to perfectly fit their changing wants and needs.

Pre-approval 324

Pre-approval Construction Equity Sales 324

Marco Santarelli

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

New Construction 52

New Construction Construction Probate sale Investor 52

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We

Marketing 435

Marketing FHA loan Loans Mortgages 435

HomeLight

DECEMBER 31, 2021

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. As you map out your plans for 2022, you may be thinking of ways to keep building more equity or use what you’ve recently acquired. What is home equity in simple terms?

Equity 116

Equity Principal Loans Renovation 116

HomeLight

SEPTEMBER 25, 2023

Explore a bridge loan and let your home’s equity help fund your next house in the short term. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can get funding for materials and equipment for construction. Need to Buy Before You Sell?

Equity 109

Equity Loans Debt-to-income ratio Home sale contingency 109