Keeping Current Matters

FEBRUARY 24, 2021

To buy now and take advantage of historically low mortgage rates while they last. If the seller sells their home, where would they live while their new home is being constructed? The seller may decide to sell their home to the buyer at today’s price, which will enable the purchaser to take advantage of current mortgage rates.

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Pre-approval Construction Equity Sales 324

BAM Media

APRIL 3, 2025

We can think of no better example of that than last weekends online drama over a Patrick Bet-David Tweet that went viral by using a chart on the multifamily mortgage delinquency rate to sound the alarm on homeowner delinquencies. People who cannot realistically afford a home are far less likely to be approved for a loan.

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Bankruptcy Pre-approval Marketing FHA loan 99

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

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Loan Officer Loans Equity Mortgages 435

Marco Santarelli

JANUARY 15, 2025

Job Growth vs. New Construction: A vibrant job market attracts new residents, but if there aren't enough new homes being built, competition will surge, which can put upward pressure on home prices. It's not always about the biggest jump, but rather sustainable, steady growth. More households means more people looking for homes.

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Marketing Pre-approval Sales New Construction 98

Marco Santarelli

FEBRUARY 7, 2025

Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. Reckless construction and speculative buying led to a surplus that couldn't be sustained when the economy faltered. I do not have data that explicitly provides the average credit score for conventional mortgages in 2006.

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Pre-approval Marketing Debt-to-income ratio Lending 87

Toronto Realty Blog

FEBRUARY 20, 2025

In order to build a condominium in Ontario, the developer will pre-sell units, that don’t yet exist, and when a certain threshold is met (ie. 80%), one of the major banks will finance the project and give the go-ahead to begin construction. No, they can’t put a mortgage on it. A condominium is a corporation.

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Development Purchase and sale agreement Pre-approval MLS 80

Toronto Realty Blog

FEBRUARY 27, 2023

Thank you for taking us back to that place that we all thought we had left for good: pre-construction. about the pre-construction condo industry just as soon as this blog was launched back in 2007. Pre-construction “experts.” I started blogging (ranting?) ” Yeah. Prices are $1,200 now.”

Construction 97

Construction Pre-approval Purchase and sale agreement Development 97

Marco Santarelli

NOVEMBER 14, 2024

Mortgage Rate Volatility: Mortgage rates have been fluctuating, causing some buyers to hesitate before making a purchase. Buyer Hesitation: Many homebuyers have decided to wait and see what happens with mortgage rates and the overall economy before they commit to buying a home. from September 2024 to September 2025.

Marketing 110

Marketing Pre-approval Mortgages New Construction 110

Marco Santarelli

MARCH 26, 2025

If so, you're probably keeping a close eye on mortgage rates. The good news is, lower mortgage rates help push new-home sales higher , and we've seen a bit of that recently. While any increase is positive, some experts were expecting a more significant surge, especially given the slight decrease in mortgage rates. That's also 5.1%

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Sales Mortgages New Construction Construction 52

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

Mortgages 101

Mortgages Pre-approval Pre-qualification Due diligence 101

Windemere Buying

MARCH 29, 2023

A new construction home, however, has no previous owner; it comes brand new. Learning about the new construction buying process will help you understand how it differs from other types of housing, such as existing single-family homes, townhouses, condominiums , etc. What is a new construction home?

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New Construction Construction Pre-approval Land 87

Realtor.com

JANUARY 2, 2023

While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit. New construction homes are more expensive.

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New Construction Construction Pre-approval Inspection 105

Marco Santarelli

MARCH 13, 2025

Housing demand is surging as mortgage rates have dropped significantly. The recent dip in mortgage rates, reaching levels not seen since mid-December, has sparked a noticeable increase in homebuyer activity. Housing Demand Surges as Mortgage Rates Drop Significantly A Sigh of Relief for Potential Homeowners?

Mortgages 52

Mortgages Pre-approval New Construction Sales 52

Marco Santarelli

MARCH 20, 2025

As per reports, the East Coast markets have not yet recovered to pre-pandemic levels, which keeps the market pace snappy. Limited Space: Coastal cities often have limited space for new construction, leading to a shortage of housing and increased competition. Although the price is relatively high, homes are selling quickly.

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Pre-approval New Construction Marketing Inspection 52

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. We’re going to equip you with the top dos and don’ts of buying new construction. The dos of buying new construction. Decide on the type of new construction you want.

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New Construction Construction Inspection Pre-approval 105

Marco Santarelli

FEBRUARY 28, 2025

I believe, and I have seen, that we need more innovative solutions, such as increasing density in transit-oriented areas and streamlining the permitting process for new construction, to address the affordability crisis effectively. What This Means for Buyers and Sellers in San Diego Okay, so you know the prediction and the factors behind it.

Marketing 92

Marketing Pre-approval Land Staging 92

Marco Santarelli

MAY 11, 2024

Local factors like job markets, industry presence, and the pace of new construction can significantly influence housing trends within a particular state or even a metropolitan area. If it ignites a surge in activity, fueled by pent-up demand or a dip in mortgage rates, it could propel prices back up.

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Mortgages Marketing Equity Pre-approval 109

HomeLight

FEBRUARY 12, 2021

Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% of all mortgage originations. As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan.

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FHA loan Loans Pre-approval Pre-qualification 111

Marco Santarelli

APRIL 20, 2024

Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Mortgage rates are likely to remain elevated compared to historic lows, impacting affordability for some buyers. We'll explore what's in store for home prices , mortgage rates , and housing inventory.

Marketing 105

Marketing Pre-approval New Construction Fixed-rate mortgage 105

Marco Santarelli

JUNE 3, 2024

The housing market hasn't fully recovered from the construction slowdown that followed the 2008 recession. You'll need to have your finances in order, with a strong down payment and pre-approval for a mortgage. Builders are aware of the shortage and are ramping up construction. So, what can you do?

Pre-approval 105

Pre-approval Construction Mortgages Staging 105

Marco Santarelli

MARCH 22, 2025

Co-CEO Stuart Miller highlighted a challenging “macroeconomic environment for homebuilding,” citing several key factors: High Interest Rates: The Federal Reserve's efforts to combat inflation have led to significantly higher mortgage rates, making homeownership less affordable. Get quotes from multiple lenders.

Marketing 59

Marketing Pre-approval Lending Staging 59

Realty Biz

NOVEMBER 23, 2022

Knowing how much you can afford eliminates wasted time and the hassle of trying to get approved by a lender. Lenders also use a method to determine how much you can afford by comparing your total monthly debts to your monthly pre-tax income. Get Your Mortgage Loan Pre-Approved. Know What You Can Afford.

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Pre-approval Agents Construction Closing 90

Marco Santarelli

FEBRUARY 17, 2025

Construction hasn't been able to keep up with job creation, tightening the market considerably. Mortgage Rate Lock-In: This is a nationwide issue, but it's exacerbating the problem in Buffalo. People who locked in super-low mortgage rates before the recent hikes are hesitant to sell, further restricting the existing home supply.

Marketing 52

Marketing Construction New Construction Pre-approval 52

Realty Biz

APRIL 30, 2022

Knowing how much you can afford eliminates wasted time and the hassle of trying to get approved by a lender. Lenders also use a method to determine how much you can afford by comparing your total monthly debts to your monthly pre-tax income. Get Your Mortgage Loan Pre-Approved. Know What You Can Afford.

Pre-approval 86

Pre-approval Agents Construction Closing 86

Realty Biz

MARCH 28, 2022

The good news is that new home sales are still above pre-pandemic levels. Higher home prices and rising mortgage rates also may start to sideline more potential buyers. Builders also are facing an all-time high in a backlog of homes that are approved for construction but not yet started. from the same month one year ago.

Sales 102

Sales Pre-approval Construction Development 102

Realtor.com

JULY 9, 2021

The couple lived in a third-floor apartment with their two children in a pre-war building they loved on Manhattan’s Upper West Side. We kept it in the pre-war style of the building, so we maintained its spirit, but everything is modern and new.”. That’s what Praneet Gill, chief strategy officer at a tech startup, and her husband did.

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Pre-approval Renovation Finance Construction 94

Realtor.com

DECEMBER 8, 2022

Mortgage rates were low, then soared to a 20-year high of 7.08% before dipping again. Can’t-miss tip: Many homebuyers pass over the importance of getting pre-approved for a mortgage before starting a house hunt. Of course, home shoppers still had to contend with high prices and soaring mortgage rates.

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Pre-approval New Construction Inspection Construction 126

Toronto Realty Blog

JULY 11, 2024

Not so much in terms of my memories and experiences, but rather conversations and explanations that we had many, many years ago about the utterly ridiculous system of “occupancy” that occurs in the pre-construction world. The buyer/occupant cannot mortgage the condo since the buyer/occupant doesn’t own the condo.

Pre-approval 91

Pre-approval Marketing Construction MLS 91

Marco Santarelli

JUNE 23, 2024

Mortgage Rates May Dip While mortgage rates remain elevated compared to pre-pandemic levels, there are signs that they may start to come down. This could lead to a renewed surge in buyer activity, particularly from first-time buyers who have been particularly impacted by high mortgage rates.

Marketing 98

Marketing Pre-approval New Construction Investor 98

Marco Santarelli

NOVEMBER 12, 2024

Mortgage Rate Volatility: Mortgage rates have been fluctuating, causing some buyers to hesitate before making a purchase. Buyer Hesitation: Many homebuyers have decided to wait and see what happens with mortgage rates and the overall economy before they commit to buying a home. from September 2024 to September 2025.

Marketing 52

Marketing Pre-approval Mortgages New Construction 52

Marco Santarelli

JUNE 10, 2024

The housing market has been a whirlwind in recent years , with skyrocketing prices, bidding wars, and historically low mortgage rates. With overall inventory still significantly below pre-pandemic levels, a true market balance may be a ways off. Mortgage Rates: A Potential Turning Point?

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Pre-approval Marketing Mortgages Technology 98

Toronto Realty Blog

MARCH 10, 2025

We all learned that, during the Financial Crisis in the United States in 2007 and 2008, subprime mortgages were being repackaged and sold as collateralized debt obligations – complete with Triple-A Ratings from the ikes of Moody’s and S & P’s. Pre-construction condos aren’t built yet, and they carry inherent risk!

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Purchase and sale agreement Pre-approval Banks Construction 66

Toronto Realty Blog

MARCH 25, 2022

Have a look… – “Mortgage Industry Urges Ottawa To Tackle Housing Affordability, Takes Aim At Homebuyer Incentive” Financial Post. The move would mean more mortgages qualify for insurance and would not require a full 20 per cent down payment. To our first point, increasing the mortgage insurance cap to $1.25

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Purchase and sale agreement Construction Pre-approval Development 104

Marco Santarelli

SEPTEMBER 1, 2024

Interest Rates : Current mortgage rates are significantly impacting buying power and affordability. Recent updates show that mortgage rates in California are on the rise, hovering around 7% as of September 2024. Regulatory Compliance : Compliance with local regulations and environmental standards adds to construction expenses.

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Marketing Pre-approval Construction Renovation 98

Toronto Realty Blog

MAY 27, 2024

I want you to think, for a moment, of the Toronto real estate market and construction industry as a field of fictional Tiberium in Command & Conquer. It is 552,857 new homes constructed every year for seven consecutive years, in a country that already struggles to build half that each year. Think about that, for a moment.

Land 115

Land Pre-approval Construction Development 115

Marco Santarelli

JUNE 21, 2024

Builders haven't been able to keep pace with demand due to factors like rising construction material costs and a shortage of skilled labor. Low Interest Rates (for a while): Until recently, mortgage rates hovered at historic lows, making homeownership more affordable for many.

Pre-approval 105

Pre-approval Construction Staging Marketing 105

Marco Santarelli

SEPTEMBER 22, 2023

However, it is important to keep in mind that the housing market is influenced by several factors, such as changing demographics, government policies, and mortgage rates. An increase in the number of new housing developments and construction projects : An oversupply of homes can lead to a decline in demand and a drop in prices.

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Pre-approval Fixed-rate mortgage Lending Equity 98