Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. It’s a delicate balance between interest rates and equity. The second avenue for expanding inventory is new construction.

Agents 476

Agents Equity New Construction Days on market 476

Housing Wire

AUGUST 8, 2024

That’s according to a new report from Redfin , which shows that housing has added $3.1 New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. trillion in value over the past year, bringing its total value to $49.6 That’s a 6.6%

New Construction 458

New Construction Equity Construction Marketing 458

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. The event is exclusively for HW+ members , and you can go here to register.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

SEPTEMBER 18, 2024

CMG Home Loans , the retail lending division of CMG Financial , has its eyes on growing its dedicated reverse mortgage segment. Builders are starting to realize that the real profit margin in new construction is in the upgrades that buyers choose ,” he said. He also offers thoughts on retaining clients regardless of their needs.

Loans 459

Loans New Construction Mortgages Lending 459

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. These all-cash homebuyers are happily avoiding the higher mortgage interest rates, which touched 7% in the fall of 2022 before trending down to the current rate of 6.28%.

Investor 459

Investor Equity New Construction Mortgages 459

Housing Wire

FEBRUARY 18, 2022

from December and mortgage rates shot up 30 basis points. percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern,” said Joel Kan, the Mortgage Bankers Association’s AVP of economic and industry forecasting. “While the 6.7

Sales 435

Sales New Construction Equity Construction 435

Housing Wire

JANUARY 6, 2022

The majority of the supply of homes for sale come from existing homes, not new construction. Furthermore, while rising equity may prompt some existing homeowners to move out and up in 2022, many owners were able to refinance into rock-bottom mortgage rates over the course of the pandemic. What about existing homes?

Construction 511

Construction New Construction Equity Sales 511

Housing Wire

JULY 22, 2021

Ideally, the costs for a home would rise roughly in line with income growth, which is likely to happen in 2022 as more listings and new construction become available.”. Properties typically remained on the market for 17 days in June, unchanged from May and down from 24 days in June 2020.

Sales 508

Sales New Construction Equity Construction 508

Keeping Current Matters

MARCH 10, 2021

Mortgage standards are nothing like they were back then. During the housing bubble, it was difficult not to get a mortgage. percent from 2001 to 2003 for the whole mortgage market.”. New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void.

Equity 313

Equity New Construction Construction Short sale 313

Housing Wire

APRIL 20, 2022

Wholesale lender Homepoint is becoming a broker of sorts…for mortgage brokers. The Ann Arbor, Michigan-based company has launched a referral program aimed at connecting mortgage brokers with regional homebuilders as well as homebuyers. The company sold $13.1

Loans 397

Loans Lending Construction Banks 397

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. New Home Supply. The monthly supply for new homes is currently at 3.3 Now mortgage rates are far from 4.5%-5%.

Construction 545

Construction Mortgages Sales Finance 545

Housing Wire

NOVEMBER 30, 2021

The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 Refinance decline. Brokers across the U.S. Housing supply shortage.

Lending 431

Lending Loans Investor New Construction 431

Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage. The good news is that we are making progress at solving these problems.

Finance 501

Finance Construction Loans Renovation 501

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 435

Marketing FHA loan Loans Mortgages 435

Keeping Current Matters

JULY 20, 2021

The housing market isn’t driven by risky mortgage loans. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association is an indicator of the availability of mortgage money. The higher the index, the easier it is to obtain a mortgage. Today, homeowners are letting their equity build.

Equity 310

Equity Loans Construction Mortgages 310

Keeping Current Matters

NOVEMBER 10, 2021

The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity. Most experts believe that as more housing inventory comes to market (both new construction and existing homes), the supply and demand for housing will come more into balance. Freddie Mac.

New Construction 296

New Construction Equity Construction Closing 296

Housing Wire

AUGUST 3, 2023

In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Fannie Mae ’s vice president of economic and strategic research, Hamilton Fout, said the gap between homeowners now holding historically low mortgage rates (i.e.,

Land 370

Land Construction Development Finance 370

Housing Wire

MAY 3, 2024

On the existing-home market , agents say the lack of inventory is due to a rate-lock effect, as homeowners with mortgage rates at 5% or below are reluctant to give up their rate unless a major life change necessitates a move. We have so much new construction happening.

Marketing 422

Marketing Construction New Construction Development 422

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

HomeLight

DECEMBER 31, 2021

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. As you map out your plans for 2022, you may be thinking of ways to keep building more equity or use what you’ve recently acquired. What is home equity in simple terms?

Equity 116

Equity Principal Loans Renovation 116

Real Trends

MARCH 29, 2023

But when inflation and mortgage rates started to rise, the rush slowed. New homes began to linger on the market. Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011.

New Construction 95

New Construction Construction Banks Development 95

Keeping Current Matters

FEBRUARY 24, 2021

To buy now and take advantage of historically low mortgage rates while they last. 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. A party’s leverage is based on its ability to award benefits or eliminate costs on the other side.

Pre-approval 321

Pre-approval Construction Equity Sales 321

Housing Wire

JUNE 10, 2022

There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. This article comes at the same problem from a different angle: a mortgage application perspective. Finally, the last closely watched trend in the housing market is construction activity.

Construction 397

Construction Closing New Construction Agents 397

Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. For others, typical construction is what they have their hearts set on.

New Construction 73

New Construction Construction Equity Commercial 73

HomeLight

SEPTEMBER 25, 2023

Explore a bridge loan and let your home’s equity help fund your next house in the short term. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. In this post, we’ll unpack this financing option and how you can put it to work for you.

Equity 109

Equity Loans Debt-to-income ratio Home sale contingency 109

Marco Santarelli

MAY 11, 2024

Home Equity Softening, Not Disappearing The report highlights a slight decrease in the percentage of homes considered “equity-rich,” where the loan value is less than half the estimated market value. This signifies that homeowners, by and large, still hold a healthy level of equity in their properties.

Mortgages 109

Mortgages Marketing Equity Pre-approval 109

Housing Wire

OCTOBER 23, 2023

And not just adding tons of people — that is the traditional model in mortgages. lender in 2022 to 13th in the first half of 2023, per Inside Mortgage Finance estimates. The direct-to-consumer channel is more home equity and refi-driven; they do some purchases, but it’s primarily that. That’s new construction.

Technology 448

Technology Loan Officer Loans As-is 448

Realtor.com

NOVEMBER 30, 2022

After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now desperately trying to read the tea leaves to figure out where real estate prices, inventories, sales, and mortgage rates are going in the coming year. This is what homebuyers, home sellers, and renters can expect in the new year.

Mortgages 122

Mortgages New Construction Construction Sales 122

Realtor.com

APRIL 22, 2021

Already-high home prices continued to climb to yet new heights as mortgage interest rates dipped below 3%. This was for existing homes and did not include new construction. One the big reasons for the meteoric rise in prices has been low mortgage rates. Median home sale prices soared 17.2%

Mortgages 122

Mortgages Construction New Construction Sales 122

Realtor.com

DECEMBER 2, 2020

Mortgage interest rates, which hit historic lows this year and helped fuel the go-go growth in U.S. ” The forecast anticipates mortgage rates will begin slowly going up toward the last half of 2021, reaching 3.4% Mortgage rates are currently at an all-time low of just 2.72% for 30-year fixed-rate loans in the week ending Nov.

Marketing 145

Marketing New Construction Construction Mortgages 145

Marco Santarelli

APRIL 6, 2024

Mortgage Rate Dynamics: As mortgage rates climbed to generational highs last year, many homeowners found themselves hesitant to relinquish their existing low rates. However, persistent demand may have finally incentivized some to capitalize on their home equity, facilitating downsizing or relocation.

Marketing 111

Marketing New Construction Construction Equity 111

HomeLight

MAY 23, 2024

Low interest rates: Lower borrowing costs make mortgages more affordable, increasing homebuying activity. Excessive mortgage debt: Higher levels of debt among homeowners increase financial risk. Risky lending practices: Lenders offering mortgages to unqualified buyers can inflate the market.

Equity 115

Equity Construction New Construction Investor 115

Marco Santarelli

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

New Construction 52

New Construction Construction Probate sale Investor 52

Realty Biz

JULY 20, 2022

Though, you will need to pay private mortgage insurance with down payments of less than 20%, increasing your monthly outgoings. One of the reasons FHA mortgages are so popular is their lower credit scoring requirements than other loan programs. Mortgage insurance will be included in monthly payments with these programs.

Loans 131

Loans FHA loan VA loan Renovation 131

HomeLight

SEPTEMBER 9, 2021

A struggling economy sent mortgage rates to low levels while many Americans sought out bigger, better homes to spend their days working from home and ride out the health crisis. Early in the summer, it looked like mortgage rates were going to climb , but then they dropped again amid Delta variant fears. It won’t last forever. “If

Equity 136

Equity Mortgages Agents Sales 136

Marco Santarelli

APRIL 15, 2024

While the housing market has shown signs of stagnation with existing home sales at their lowest since 2010 and mortgage demand dropping significantly, most experts do not anticipate a crash in 2024. Mortgage rates , while still on the higher side, could see a dip by the end of the quarter, providing some relief to potential homebuyers.

Marketing 105

Marketing Equity Lending Construction 105