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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Balancing supply and demand is a delicate dance between new construction and existing properties.

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Building a House? A Simple Guide to the Home Building Process

Redfin

It’s important to note that construction-related loans may be slightly harder to secure than a traditional mortgage. FHA first-time homebuyer loans are limited as well for new construction, so those without a strong credit history are advised to do research to ensure adequate financing is available.