Remove Construction Remove New Construction Remove Short sale
article thumbnail

5 predictions for the 2022 housing market

Housing Wire

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
article thumbnail

The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

*Rebates are not available in all markets or where prohibited by law and are subject to lender approval; may not be available for all transaction types, including but not limited to Short Sales, For Sale by Owner (FSBO), New Construction and iBuyer sales.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Existing home sales fell in June while monthly median sales price spiked

Housing Wire

Meanwhile, individual investors or second-home buyers, who make up many cash sales, purchased 18% of homes in June, up from 15% in May and 16% the previous year. Distressed sales, which include foreclosures and short sales, represented only 2% of sales in June, virtually unchanged from last month and the prior year.

Sales 366
article thumbnail

6 Simple Graphs Proving This Is Nothing Like Last Time

Keeping Current Matters

New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void. Today, there’s a shortage of inventory , which is causing an acceleration in home values. This is nothing like the last time. This is nothing like the last time.

Equity 317
article thumbnail

AI for Real Estate Agents: How To Leverage Data-Driven Insights

Lab Coat Agents

For example, it might detect that home values are set to rise by 5% over the next year due to an expanding job market, limited new construction, or increasing demand from remote workers seeking suburban lifestyles. This can lead to win-win solutions like short sales or creative financing options.

Agents 64
article thumbnail

Vickie Pizzarelli joins Engel & Völkers as a Real Estate Advisor

Realty Biz

Engel & Völkers of East Greenwich announced today that Vickie Pizzarelli has joined its brokerage as a real estate advisor, where she specializes in new construction, residential sales, foreclosures, and short sales.

Brokerage 105
article thumbnail

Is the Housing Market in a Bubble? How the Indicators Today Compare With the Great Recession

Realtor.com

This time around, there isn’t a glut of available housing, the subprime loans that got so many homebuyers in trouble in the mid-2000s have largely been eliminated, and millions of Americans aren’t likely to lose their homes to short sales and foreclosures. Just three years later, sales bottomed out at 4.11

Marketing 113