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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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Deephaven’s Tom Davis: ‘Either you take market share, or someone takes yours’

Housing Wire

Tom Davis: When you’re working with a professional and you want expertise, you’re going to want to work with someone who is the expert in your market. Davis: Either you take market share or someone takes yours, right? For example, 30% of purchase transactions were new construction last year.

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

Housing Wire

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. It reflects another pressing issue of imbalanced supply and demand in the housing market.

Loans 291
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How New Hampshire is looking to alleviate its housing crisis

Housing Wire

New Hampshire s hot housing market has spiraled the Granite State into crisis mode. I think there would be even stronger growth and more stability in the market if we had more houses for sale, he added. As the strain has become more apparent, businesses across the state have begun pushing for more diverse housing options.

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Beyond rates: How Flagstar’s expertise and support drive broker success

Housing Wire

In a competitive market full of options, banks must rely on more than their rate sheet to compete for the business of third-party originators. We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.”

Lending 455
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July’s new housing activity jumps back up amid increased demand

Housing Wire

Additionally, remodel volume – a subset of maintenance that includes renovations, additions, and alterations – increased 2.59% while spend decreased 1.59% year over year. Last month, Buildfax estimated if single-family authorizations and existing housing activity continue to gain, new construction could stabilize in the Fall.

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

Housing Wire

Many real estate investors were serendipitously ahead of this shift even before the pandemic started, driven by both affordability and an affinity for overlooked markets. Currently I’m in some of the Southern markets like Alabama, Mississippi, Texas, Indianapolis, Ohio. See sidebar for more details on these markets.

Investor 545