Housing Wire

MARCH 7, 2025

Rich Bradford, broker associate with The Bradford Team at RE/MAX One Realty in Haddonfield, New Jersey, said the results for his local market could be even better if so many potential sellers werent locked in by low mortgage rates. First-time homebuyers stimulate sales, you know. They keep the market healthy.

Marketing 396

Marketing New Construction Construction Development 396

Housing Wire

NOVEMBER 4, 2024

loanDepot has signed a new joint venture agreement with Smith Douglas Homes , a top-50 homebuilder with a solid book of business in the Southern states.

Purchase and sale agreement 305

Purchase and sale agreement Mortgages New Construction Lending 305

Housing Wire

AUGUST 15, 2023

With strong demand and limited options for existing homes, many homebuyers are turning to new construction. Mortgage applications for new construction home purchases increased 35.5% in July on a year-over-year basis, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data.

New Construction 370

New Construction Construction FHA loan Mortgages 370

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Mortgage applications for new home purchases increased 20.6% MBA’s survey tracks application volume from mortgage subsidiaries of homebuilders across the country. of loan applications.

New Construction 418

New Construction Construction Mortgages VA loan 418

Housing Wire

JANUARY 16, 2025

Mortgage and property tax payments are not the only expenses that prospective homeowners need to consider. The listings portal combined weekly data on for-sale listings in 2023 and 2024 for comparison. Compared to existing homes , new homes were much more likely to include HOA fees, In fact, 69.9% of listings required them.

New Construction 397

New Construction Construction Mortgages Sales 397

Housing Wire

APRIL 18, 2025

Navigating the home buying process often begins with deciding between a new build or an existing homeand while new construction offers exciting possibilities, it also comes with unique challenges. If no rate protection is available, buyers should ensure they still qualify for their mortgage in case of a rate increase.

Purchase and sale agreement 343

Purchase and sale agreement New Construction Construction Closing costs 343

Housing Wire

FEBRUARY 4, 2025

He also pointed to low mortgage rates as another positive for homeowners. Simonsen: I’ve talked about “the great stay” and how the labor market parallels the housing market, where I’m not leaving my mortgage because I’ve got a good mortgage. Divounguy: We revised the sales number down slightly.

New Construction 369

New Construction Mortgages Construction Sales 369

Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8%

New Construction 370

New Construction Construction Brokerage Agents 370

Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% This marks the second consecutive month of increases and the strongest sales pace since March 2022. On a year-over-year basis, however, new home sales are still down 19.4%. January marked a surge of people signing contracts to buy new homes.

Sales 459

Sales New Construction Construction Mortgages 459

Housing Wire

JANUARY 30, 2025

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. Diego: We’ve kicked off 2025 with mortgage rates that haven’t done much except go a little bit higher. That’s where the growth is at.

New Construction 338

New Construction Construction Marketing Investor 338

Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%. At the current sales rate, this represents a supply of 7.8

As-is 511

As-is Sales New Construction MLS 511

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. decrease from the revised January rate of 664,000 sales, it also marks a 5.9% At the current sales pace, there is an 8.4-month

Sales 487

Sales New Construction Construction MLS 487

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory.

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

FEBRUARY 13, 2024

We were down by about 30% in (home) sales last year, but generally our members are very optimistic that there is going to be a significant rebound this year.” Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. New construction is backed up,” she said.

New Construction 435

New Construction Construction Agents Development 435

Housing Wire

NOVEMBER 30, 2023

Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% As a result, NAR’s Pending Home Sales Index fell to a reading of 71.4, New home sales fell 5.6% down from 72.6 in September.

Sales 497

Sales New Construction Construction Mortgages 497

Housing Wire

APRIL 7, 2025

That’s according to the latest Mortgage Monitor report from ICE Mortgage Technology. An early look at March data from the enhanced ICE Home Price Index (HPI) shows that home prices are softening across the country, which ICE says is largely driven by stabilized mortgage rates , which have been holding around 6.6%-6.7%

FHA loan 290

FHA loan Mortgages New Construction Loans 290

Housing Wire

JUNE 17, 2021

Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ? the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. By product type, conventional loans made up 743.9%

Sales 511

Sales VA loan FHA loan Loans 511

Housing Wire

FEBRUARY 26, 2024

New-home sales reached a seasonally adjusted annual rate of 661,000 in January, according to data published Monday by the U.S. The uptick in new-home sales underscores the persistent strength of demand in the housing market despite the challenges posed by winter weather. At the current sales pace, there is an 8.3-month

Sales 459

Sales New Construction Construction Development 459

Housing Wire

NOVEMBER 27, 2023

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

Sales 448

Sales New Construction Construction Closing costs 448

Housing Wire

MAY 20, 2024

The proportion of newly built homes for sale in the U.S. of single-family homes for sale in the first quarter, virtually unchanged from a year earlier and down slightly from a peak of 34.5% Remote work and historically low mortgage rates made it particularly attractive to buy a home. two years ago.

Sales 468

Sales New Construction Construction Mortgages 468

Housing Wire

OCTOBER 18, 2024

Since mortgage rates have headed higher again, I was anticipating that today’s housing starts report would be the last decent print before the effects of higher mortgage rates hit the builders, but even this report was disappointing. However, mortgage rates shot up again after the Federal Reserve cut rates on Sept.

Construction 379

Construction New Construction Residential Mortgages 379

Housing Wire

OCTOBER 25, 2023

New home sales figures exceeded projections in September despite mortgage rates at 23-year high, declining mortgage applications and waning builder confidence. In September, the sales pace of new homes picked up considerably, up 12.3% On a year-over-year basis, new home sales were up 33.9%.

Sales 448

Sales New Construction Construction Finance 448

Housing Wire

NOVEMBER 22, 2023

Mortgage rates dropped significantly in the last few weeks, but the cost of borrowing remains high prompting many homebuyers to wait for even lower rates. The 30-year, fixed mortgage rate averaged 7.29% for the week ending Nov. 22, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Mortgages 476

Mortgages New Construction Construction Sales 476

Housing Wire

APRIL 25, 2023

New home sales posted yet another increase in March, rising 9.6% This is the fourth straight month of new home sales increases. On a year-over -year basis, however, new home sales are still down 3.4%. On a year-over -year basis, however, new home sales are still down 3.4%. This represents 7.6

Sales 435

Sales Construction New Construction Principal 435

Housing Wire

NOVEMBER 16, 2023

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted. Mortgage applications for new-home purchases rose 39.7% We estimate that the pace of home sales increased for the third straight month to a 715,000-unit annual pace — the strongest sales month since May 2023.”

Mortgages 482

Mortgages VA loan Loans New Construction 482

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. year over year.

Sales 459

Sales New Construction Construction Mortgages 459

Housing Wire

APRIL 18, 2024

Existing home sales slumped last month under the weight of elevated mortgage rates. Existing home sales receded by 4.3% Year over year, sales fell by 3.7%. Existing home sales posted a year-over-year price gain for the ninth consecutive month and reached the highest price ever for the month of March.

Sales 448

Sales New Construction MLS Construction 448

Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs. In theory, the sales levels are lower than the data will show. What is going on here?

Sales 488

Sales Construction New Construction Mortgages 488

Housing Wire

JANUARY 13, 2025

mortgage lender loanDepot announced the promotion of regional sales director Bart Evans to regional vice president for the Southeast region. The new regional vice president brings a bit more to his role than executive mortgage experience. With the heart of an athlete, Evans will bring strong work ethic to his new role.

Lending 370

Lending New Construction Mortgages Construction 370

Housing Wire

OCTOBER 26, 2023

Pending home sales ticked up 1.1% NAR’s Pending Home Sales Index rose to a reading of 72.6 Pending homes sales mirrored the trend in new home sales , which posted a 12.3% Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” in 2024, hitting 800,000 new homes.

Sales 435

Sales New Construction Mortgages Construction 435

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). ” According to Yun’s forecast, mortgage rates will fall to between 6% and 7% by spring 2024.

Sales 482

Sales New Construction Staging Mortgages 482

Housing Wire

FEBRUARY 29, 2024

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 493

Mortgages Fixed-rate mortgage New Construction Construction 493

Real Estate News

MAY 20, 2024

With many owners of existing homes hesitant to give up their low mortgage rates, new homes continue to account for an outsize share of the market.

New Construction 304

New Construction Construction Sales Mortgages 304

Housing Wire

JULY 26, 2021

New home sales continued to slip in June, falling 6.6% below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price. The median sales price of new houses sold in June 2021 was $361,800. The average sales price was $428,700.

Sales 448

Sales VA loan FHA loan Loans 448

Housing Wire

MARCH 24, 2025

26 in Dallas, provided valuable insights into the forces shaping the mortgage and housing markets in 2025. Logan Mohtashami, an expert in the mortgage and housing ecosystem and lead analyst for HousingWire, set the tone with this optimistic message. It should be about helping lenders win new business, not just cutting expenses.

Technology 368

Technology Loan Officer Loans Banks 368

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 30-year fixed-rate mortgage averaged 6.6% 12 compared to a week earlier.

Fixed-rate mortgage 532

Fixed-rate mortgage Mortgages New Construction Construction 532

Housing Wire

MARCH 13, 2025

This construction boom is contributing to slower home-price appreciation and, in some cases, price declines. In the housing market, you cant buy whats not for sale, said Sam Williamson, senior economist at First American. Ten of these 16 markets were located in the South , where new construction continues to expand inventory levels.

Construction 344

Construction Residential New Construction Land 344