Housing Wire

OCTOBER 19, 2021

Based on data from the survey, MBA estimates that there were 66,000 new single-family home sales in September, compared to 71,000 new single-family homes a month prior, a 7% decrease. The estimated pace of new home sales decreased 3.5% The estimated pace of new home sales decreased 3.5%

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Housing Wire

AUGUST 22, 2022

“The slide in purchase applications for new homes – now down for the fourth consecutive month and 16% lower than a year ago – is consistent with data on declining homebuilder sentiment and slowing permitting activity for new construction.”. from the revised 56,000 new home sales in June.

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Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. To what extent builders will offer rate buy-downs to drive sales remains to be seen.

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Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.

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Housing Wire

DECEMBER 6, 2024

For example, tips on home staging for a quick sale, how to get top dollar for a property, or advice on how to improve curb appeal are all topics that a seller might be interested in. Buyers might be interested in seeing featured listings, new homes on the market and advice about the homebuying process.

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Housing Wire

MAY 31, 2022

“Providing affordable housing, especially in large markets like Chicago, is vital,” said Kurt Carlton, co-founder and president of New Western. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”.

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BAM Media

DECEMBER 11, 2024

Inventory Recovery and New Construction Lead the Way Housing inventory is rebounding, with November 2024 marking the highest number of homes for sale since December 2019. The South and West, however, are closing the gap faster, thanks in part to robust new construction activity.

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RIS Media

SEPTEMBER 21, 2021

The details: According to MBA estimates using data from the BAS, new single-family home sales were running at a seasonally adjusted annual rate of 874,000 units in August 2021. Unadjusted, MBA estimates there were 71,000 new-home sales in August 2021—an increase of 10.9% from 64,000 new-home sales in July.

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HomeLight

AUGUST 9, 2022

If you back out of the sales agreement and your reason for doing so isn’t covered by contingency written into the contract, the seller can keep your earnest money. Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. The deal is done!

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Marco Santarelli

DECEMBER 12, 2024

Realtor.com forecasts that some markets across the country are poised for significant growth in both home sales and prices in 2025. The South and West have emerged as prominent locations for new construction, which helps boost inventory levels. 3 Virginia Beach-Norfolk-Newport News, VA-NC 23.4% 5 Richmond, VA 21.6%

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Marco Santarelli

DECEMBER 12, 2024

This vibrant city in the heart of Colorado is projected to experience significant growth in both home sales and prices, making it a prime location for buyers and investors. For their 2025 National Housing Forecast , they ranked the 100 largest metropolitan areas based on their predicted growth in both home sales and prices.

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Realtor.com

NOVEMBER 9, 2022

.” As home prices hit new heights over the past few years, down payments in the tightest markets went up and up—a combination of sellers’ demands and buyers’ tactics to beat out the competition. For single-family home sales, the average down payment jumped to a high of more than 14% of the purchase price this year.

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The Close

NOVEMBER 25, 2022

We are their trusted advisers, and are often their first point of contact in a new city. Easy financing through VA loans. Easy financing through Department of Veterans Affairs loans is another reason. Zero interest loans are an even bigger deal in our current lending environment! It’s also a 0% interest loan.

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HomeLight

APRIL 13, 2023

of the sales price. Read on to learn more about closing costs, including how much closing costs are in Florida and which costs are traditionally paid by the buyer and seller. $480 Loan origination fees ( 0.5% It’s optional, with one point equal to 1% of your loan amount. of the sales price, based on national averages.

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HomeLight

APRIL 14, 2023

Both buyers and sellers are responsible for certain fees and closing costs in a home sale transaction, which we’ll break down in more detail in the next section. For sellers, the lion’s share of the closing costs is the agent commissions, which are percentages of the home’s total sales price. Who pays for closing costs in Georgia?

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Marco Santarelli

APRIL 19, 2024

This period between March and June typically accounts for over a third of annual home sales as warmer weather and the end of the school year motivate many buyers to make their move. The latest data indicates affordability constraints are weighing on home sales activity. Total home sales (existing and new) in February ticked up 8.1%

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Realty Biz

SEPTEMBER 23, 2023

How Buyer Agents Get Paid Buyer agents are typically compensated through a commission fee, a percentage of the property's final sale price. They analyze property values, market conditions, and comparable sales to help you submit a fair and competitive offer. Guidance on understanding the foreclosure or short sale process.

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Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates.

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HomeLight

APRIL 20, 2023

Buy for cash or sell to a cash buyer: A cash buy or cash sale can eliminate two of the biggest expenses: mortgage fees and commissions. Shop around for a mortgage company or loan: Compare interest rates as well as incentives and closing costs. A conventional mortgage is any mortgage that’s not part of a government loan program.

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HomeLight

JUNE 4, 2021

Source: ( LinkedIn Sales Solutions / Unsplash). Flexible financing options — you may still qualify for a conventional, FHA, or VA loan for a small multifamily home. Source: (LinkedIn Sales Solutions / Unsplash). Investing in multifamily homes vs. single-family homes. Can provide a consistent cash flow from rental income.

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Redfin

AUGUST 2, 2022

In other cases, only the home’s structure may be for sale, meaning you’ll likely pay rent for the moorage, similar to HOA fees. And if you’re considering a Federal Housing Administration (FHA) loan or a Department of Veterans Affairs (VA) loan, know that government-backed loans won’t finance a floating home.

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HomeLight

SEPTEMBER 1, 2022

For example, in Alachua County, FL, the maximum loan amount is $420,680 for a single-family home, while in Monroe County, FL the loan limit is $710,700. Find the FHA loan limit for homes in the county you are looking to purchase in here. VA loans : For veterans, service members, and surviving spouses.

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Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors.

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Real Trends

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors.

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Housing Wire

NOVEMBER 21, 2024

As existing-home sales dwindle due to high mortgage rates and the lock-in effect, buyers continue turning to new construction options. And Mortgage Bankers Association (MBA) data shows a shifting attitude as mortgage applications for new homes surged in October. from the 54,000 sales in September.

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