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Builders rediscover a tool from the 1980s that keeps new home prices from falling

Housing Wire

The gap peaked in November 2022, when the average note rate for new construction sales was one percentage point lower than the rate for existing home sales. In this case, the total debt-to-income ratio (DTI) would be 51% and would exceed the Fannie Mae or Freddie Mac DTI limit of 50%. permanent rate buydown to 6%.

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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. According to Sandy Williams, an eXp Realty agent in Sarasota, homeowners’ insurance costs have doubled for many in her metro area ( flood insurance costs have also risen dramatically). “I

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Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

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. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

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Housing Market 2025: Why It’s Not 2008 Crash All Over Again

Marco Santarelli

Reckless construction and speculative buying led to a surplus that couldn't be sustained when the economy faltered. Demand continues to outstrip supply in many areas, particularly as millennial homeownership increases and new construction struggles to keep pace. months This difference in inventory is crucial.

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How to Get a Land Loan to Build a House

RIS Media

However, in all land purchase transactions, it would be best to have a great credit score, a good debt-to-income ratio and a continuous income. You can apply for a loan that covers both the land you want to purchase and the construction you want to develop on this land. This produces a couple of consequences.

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What is a Jumbo Loan in Oklahoma 2023?

Redfin

Whether your sights are set on a Ranch-style home in Tulsa or a new-construction in Yukon , let’s break down what a jumbo loan is in Oklahoma, the 2023 conforming loan limits, and what’s needed to qualify for this type of loan. In this instance, you may need to apply for a jumbo loan. What is a jumbo loan?

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Bridge Loans in Texas: How to Unlock Home Equity to Buy Before You Sell

HomeLight

For example, you may have to pay an origination fee, and you might be able to use the same lender who is servicing your new mortgage, although not all traditional lenders offer bridge loans. That lender may calculate your debt-to-income ratio (DTI) to qualify you for a bridge loan.

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