Housing Wire

SEPTEMBER 9, 2024

Why is homeowners insurance so expensive in the Upper Midwest? The growing prevalence of extreme weather events and the high cost of construction are pushing property insurers to significantly raise their prices , even in places you might not expect. All of which are exacerbated by the inflation of construction costs.

Construction 459

Construction Banks Technology As-is 459

Housing Wire

AUGUST 2, 2024

The supply of new single-family homes is sinking, while accelerated multifamily construction is bringing more rental units online. These two factors have resulted in renter households growing at three times the rate of homeowner households, according to a new report from Redfin that crunched U.S. Census Bureau data back to 1994.

Construction 456

Construction As-is Marketing Sales 456

Housing Wire

MARCH 26, 2025

The construction of Interstate 210 (aka the Foothill Freeway) through the northwest neighborhoods of Pasadena displaced about 3,000 Black residents in the 1950s. Since then, Black homeowners have planted their roots there, building generational wealth through homeownership with plans to pass it down to their children.

Land 351

Land Construction As-is Mortgages 351

Housing Wire

OCTOBER 24, 2024

Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. She wants to offer those homeowners the resources and care that her mom and stepdad didn’t experience. “I There is nothing like that face to face.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

JANUARY 17, 2025

Builders are feeling cautiously optimistic as they start 2025, buoyed by an ongoing shortage of inventory of existing homesmany of which are locked up by homeowners reluctant to sell due to elevated mortgage rates. While economists are happy with the level of construction in 2024, they say there is still work to be done.

Construction 397

Construction New Construction MLS As-is 397

Housing Wire

OCTOBER 15, 2024

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.

New Construction 488

New Construction Construction Agents Marketing 488

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

OCTOBER 22, 2024

” Last week, following the release of construction data for September from the U.S. There are around 20% fewer homes on the market today than there were five years ago, mainly because so many homeowners locked in a low mortgage rate during the pandemic,” Redfin senior economist Sheharyar Bokhari said in the report.

Mortgages 468

Mortgages Marketing Construction Sales 468

Housing Wire

MARCH 12, 2025

The meeting focused on the implications for Black homeowners and agents. Many Black families moved to these neighborhoods in the 1960s after redlining and interstate construction forced them out of other areas. CAR President Heather Ozur and assistant general counsel Neil Kalin were key speakers.

Agents 358

Agents Construction As-is Closing 358

Housing Wire

JANUARY 26, 2024

A new report from Construction Coverage sourced by its researchers and data from the U.S. Census Bureau and Zillow identified the top metro areas in the country that contain baby boomer homeowners, identifying both the “top” and “bottom” 15 markets. of all homeowners being members of the baby boom generation. with 41.8%

Marketing 468

Marketing Equity Construction Loans 468

Housing Wire

JANUARY 22, 2025

Home renovation projects could bring a variety of safety and efficiency improvements to older construction, but anxiety is a key element keeping many homeowners from exploring renovation projects. This is according to a report conducted by Renewal by Andersen , a home improvement company. home equity.

Renovation 370

Renovation Equity Construction Loans 370

Housing Wire

SEPTEMBER 26, 2023

Homebuyers and homeowners in California have a reason to celebrate. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs. Since the start of 2023, CAL FIRE and the U.S. That is not a sustainable model,” Scalone said.

Construction 448

Construction As-is Agents Marketing 448

Housing Wire

JANUARY 22, 2025

Right now, more multifamily units are hitting the market than at any time in the past 50 years, but detached homes arent seeing the same surge in construction , Zillow chief economist Skylar Olsen said in a statement. Weve also got the large millennial generation wanting to move into a larger space.

Construction 448

Construction Mortgages Sales Marketing 448

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

FEBRUARY 15, 2024

While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 homeowner tenure by year using county records. It added that data on homeowner tenure by generation is compiled by analysis of the U.S. years last year, up from 6.5

New Construction 488

New Construction Construction Mortgages As-is 488

Housing Wire

MARCH 19, 2025

The average homeowner spent almost $4,700 on improvements that year. Immigrant homeowners also account for a growing share of the market, up from 8% of expenditures in 2003 to 13% in 2023. Immigrant homeowners also account for a growing share of the market, up from 8% of expenditures in 2003 to 13% in 2023.

Industrial 305

Industrial Residential Construction Finance 305

Housing Wire

JANUARY 10, 2025

Maxine Waters (D), who represents a portion of the Los Angeles area that is impacted by the damage, is ready to reintroduce a bill at the federal level that would require a study to evaluate the damaging effects of wildfires and the response from the homeowners insurance market. What can we do to prevent what we can with construction?

Construction 370

Construction As-is Marketing 370

Housing Wire

JANUARY 24, 2025

Current homeowners who are locked into low mortgage rates and are staying in their homes longer are keeping the supply of existing homes low. New construction has not been able to keep up with demand. Over the past decade, the U.S. has averaged about 5.2 The ongoing lack of inventory was reflected in NARs report.

Sales 366

Sales New Construction MLS Construction 366

Housing Wire

FEBRUARY 6, 2025

If thats not enough, affordability is still a distant dream for most homeowners. Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Construction loans Inventory levels in the real estate market arent what they used to be. Why is that important?

Loans 333

Loans Mortgages Equity Construction 333

Housing Wire

MARCH 26, 2024

The home equity prison Does this scenario sound familiar compared to the situations of the homeowners that you are encountering lately in your real estate business? If any of this resonates with your personal experience in the current market, you have officially entered the realm of interacting with homeowners in the post-pandemic economy.

Equity 459

Equity Loans Bankruptcy As-is 459

Housing Wire

JANUARY 17, 2025

“The impact of this is good for homeowners. The company has notified customers that it will no longer accept new applications for home loans but will “continue to service all existing mortgage clients, including those with home equity lines of credit and homes already under construction.”

Lending 397

Lending Banks Mortgages Commercial 397

Housing Wire

FEBRUARY 4, 2025

He also pointed to low mortgage rates as another positive for homeowners. Then you get a big increase in the number of existing homeowners choosing to sell their homes. What that tells me is that we really need more housing supply coming from new construction. Simonsen: Is there any recession risk now and as we look at 2025?

New Construction 369

New Construction Mortgages Construction Sales 369

Housing Wire

JANUARY 30, 2025

This was some of the perspective shared by Matt Cook, the director of business development at HomeTeam Inspection Service , who shared with HousingWire ‘s Reverse Mortgage Daily (RMD) how the growing number of older homeowners is impacting what he sees on a daily basis. Some feel like homes arent built like they used to be.

Inspection 300

Inspection Mortgages New Construction Equity 300

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 246

Equity Construction Principal Mortgages 246

Housing Wire

MAY 22, 2023

“As such, housing demand has shifted further toward the new home market, bolstering builder optimism and the ESR Group’s single-family starts forecast,” the group said.

Construction 418

Construction Principal Sales Mortgages 418

Housing Wire

OCTOBER 18, 2023

Multigenerational housing gains steam to combat affordability pressures According to a recent survey conducted by OnePoll , 61% of homeowners cited multigenerational housing as their primary motivation for constructing an ADU. a garage or basement) or when modern offsite construction is used to build a new structure.

Construction 545

Construction Banks Closing As-is 545

Housing Wire

AUGUST 19, 2020

Buyer-generated content, including consumer reviews of builders, is now available on Zillow and will be viewable on builder profiles, community pages and paid new construction listings. In Zillows Consumer Housing Trends Report, it was revealed that 76% of new construction buyers say reputation is very or extremely important in a builder.

New Construction 525

New Construction Construction Design 525

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

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. Labor Department.

Construction 514

Construction Residential Industrial Mortgages 514

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 476

Construction Principal Design Equity 476

Housing Wire

DECEMBER 7, 2024

The second view has had large amounts of cold water thrown on it in the past few years as older homeowners say they dont want to sell. The first view is less of a theory and more of an inevitability based on demographic trends. T]he fix for affordability challenges remains a strong supply expansion coming from newly built homes , Zillow said.

Closing costs 370

Closing costs Land Construction Marketing 370

Housing Wire

AUGUST 16, 2023

The primary goal of the legislation and the AMAs was to ensure homeowners’ water needs were being met, by forcing builders and developers to obtain permission from the state before drilling for water. Arizona has long taken protective actions in the interest of water conservation.

Construction 370

Construction Agents Residential Development 370

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 418

Marketing Lending Branding Banks 418

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

MAY 20, 2024

home construction at the onset of the pandemic. Second, homeowners have been reluctant to sell their houses due to mortgage rates, which have reached a two-decade high point. We have a fair amount of new-construction homes for sale, and thank goodness we do,” Nicole Dege, a Redfin Premier agent in Orlando, said in the report.

Sales 468

Sales New Construction Construction Mortgages 468

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Chicago – Residential construction activity has been down modestly in this District.

Residential 459

Residential Construction Finance Sales 459

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