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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

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.

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How fix’n’flip loans could help expand housing inventory

Housing Wire

“The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

Loans 360
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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Also, DSCR five- to nine-unit loans are designed for larger multi-family homes. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers.

Loans 295
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Opinion: More financing options for ADUs are needed

Housing Wire

Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 501
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These markets are attracting the most out-of-state real estate investors

Housing Wire

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. We wanted to invest capital back into the area in which we grew up,” said Wenzel, who is partnering in the venture with a long-time friend who is a designer and general contractor in Connecticut.

Investor 545
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Buying a New-Construction Home: Pros and Cons All Homebuyers Should Know

Realtor.com

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

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Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions

Housing Wire

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

Lending 369