Housing Wire

MARCH 21, 2024

Adding his leadership skills will be beneficial at a time when Planet is looking to differentiate itself with various purchase loan products, one-time-close construction loans and other niche programs, the company stated. By contract, the country’s top 50 lenders as a whole saw volumes fall by more than 50% during the same period.

Lending 441

Lending Retail Contracts Construction 441

Housing Wire

FEBRUARY 26, 2024

It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready. months , the builders will pause construction. Why so low? Well, builders are in business to make money, they’re not a charity.

Construction 532

Construction Business Contracts Inventory 532

Eyes on Housing

MAY 31, 2021

Builders and developers responding to NAHB’s Survey on Acquisition, Development & Construction (AD&C) Financing continued to report declining interest rates in the first quarter of 2021.

Development 165

Development Construction Contracts Finance 165

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. For this to work, we would need to prevent NIMBY lawsuits from delaying construction projects. If supply goes over 6.5

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

NOVEMBER 24, 2020

Homes went under contract two weeks faster in September than they did a year earlier, but construction is playing catch-up to feed the frenzy, said Speakman. The price jumps reported in the Case-Shiller Index roughly matched up with statistics from the Federal Housing Finance Administration , which reported that prices increased 3.1%

Housing Market 525

Housing Market Contracts Construction Inventory 525

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday. from the prior month, though in-contract deals were still down 17% from February 2022. from February 2022.

Contracts 321

Contracts Realtors Home Value Housing Market 321

Housing Wire

FEBRUARY 23, 2021

The Federal Housing Finance Agency also reported a 1.1% Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. But home prices have increased. Presented by: Fannie Mae. December 2020’s 10.4%

Inventory 468

Inventory Finance Contracts Construction 468

Housing Wire

JULY 6, 2023

Horton also announced the acquisition of 156 lots and control of around 400 lots through option contracts from Truland affiliates, as well as 201 lots and control of approximately 260 lots through option contracts from third parties. In addition to the Truland acquisition, D.R. These strategic acquisitions will allow D.R.

Contracts 370

Contracts Development Insurance Construction 370

Appraisal Buzz

MARCH 4, 2025

While that is an indicator that have made some healthy inroads into the business, those roles are traditionally lower paying than the more lucrative loan officer and executive roles and are usually the first to experience a layoff when business contracts.

Lending 195

Lending Mortgage Loan Officers Architecture 195

Housing Wire

SEPTEMBER 7, 2023

She expects a market contraction this fall in the housing sector. In many markets, renting has become more affordable than owning The balance between renting and owning in many markets has shifted toward renting as more new apartment construction comes online, noted Sturtevant.

Housing Market 476

Housing Market Mortgage Marketing Contracts 476

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. For those new construction units, the national median new home price is projected to drop by 5.9% in 2023, reaching an annual rate of 670,000.

Inventory 435

Inventory Contracts Housing Market Realtors 435

Housing Wire

SEPTEMBER 14, 2022

Philadelphia — Homebuilders reported that contract signings for new homes continued to fall modestly. Cleveland — Demand for residential construction and real estate remained well below levels experienced earlier in the year. Contacts attributed softer demand to high construction costs and rising interest rates.

Construction 370

Construction Real Estate Inventory Supply Chain 370

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender hired more than 160 employees from the now-shuttered Finance of America (FoA) in January 2023.

Mortgage 370

Mortgage Marketing Retail Construction 370

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 397

Supply Chain Construction Inventory Finance 397

Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset.

Legal 446

Legal Mortgage Contracts Insurance 446

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co. Numerically, that means that approximately 1.5

Housing Market 545

Housing Market Marketing Construction Development 545

Housing Wire

JUNE 21, 2021

You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” . “I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”. Khater wrote.

Construction 418

Construction Supply Chain Investors Business 418

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work?

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

JANUARY 19, 2024

Courtesy of Fannie Mae Overall, Fannie Mae expects that the slowly normalizing existing homes market, as well as additional housing supply from the construction of new homes, will help keep further home price growth in check in 2024. Q4/Q4 contraction of real gross domestic product (GDP). million in Q4 2023. trillion in 2024 and $2.44

Mortgage 541

Mortgage Contracts Construction Government 541

Housing Wire

MARCH 14, 2025

80% of buyers financed their home purchase, and 23% of people financed 80% to 89% of the home. There are about 790,000 multi-unit properties under construction as of December 2024. Buyers spent 10 weeks searching for a home, two weeks searching before contacting an agent and viewed seven homes during their search.

Real Estate 313

Real Estate Marketing Real Estate Agent Sellers 313

Housing Wire

JUNE 17, 2024

According to Inside Mortgage Finance (IMF) estimates, Chicago-based Guarantee Rate was the ninth-largest mortgage lender in the country in the first quarter of 2024. We promote a transparent culture that supports all our team members toward that goal and welcome constructive criticism. As a result, we are not for everyone.”

Human Resources 447

Human Resources Law Loan Officers Legal 447

Housing Wire

OCTOBER 12, 2023

If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. Instead of continuing to raise rates, which will only exacerbate the supply constraint, the Fed should wait to allow the impact of record-high levels of new-apartment construction to flow into the rent data,” Sturtevant said.

Government 431

Government Housing Market Contracts Insurance 431

Eyes on Housing

AUGUST 11, 2022

During the second quarter of 2022, credit became both tighter and more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. Read More ›

Construction 183

Construction Contracts Finance Development 183

Appraisal Buzz

AUGUST 13, 2024

Credit for residential land acquisition, development and construction (AD&C) continued to tighten and became even more expensive for most types of loans, according to NAHB’s survey, which was conducted in July and asked specifically about financing conditions.

Construction 195

Construction Loan Officers Development Contracts 195

Eyes on Housing

FEBRUARY 17, 2022

In the fourth quarter of 2021, effective interest rates decreased on all four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C) financing. Read More ›

Development 167

Development Construction Contracts Finance 167

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” On the flip side, newly constructed home sales are forecast to increase 12.3% in 2023, to 720,000. in 2024, to 820,000.

Construction 370

Construction Inventory Realtors Housing Market 370

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Unless you have bank accounts with a massive cash reserve, you’ll need to find a way to finance your development projects. Hire construction professionals you trust, and maintain oversight of the project throughout its duration. This will help you ensure that the construction staff is safe. Network to get funding.

Real Estate 303

Real Estate Development Appraisal Contracts 303

Housing Wire

MAY 5, 2022

A 30-something, tech-savvy homebuyer today desires a faster, more no-contact approach to financing with a variety of options available to them at their fingertips rather than mail-in forms, in-person office visits, and constant waiting. Condo markets and new construction will swell.

Mortgage 370

Mortgage Technology Buyers Lending 370

Housing Wire

MARCH 20, 2024

“We do not have long-term contracts with many of our real estate partners,” the materials read. About 73% of revenue in the period came from the residential segment, which includes revenue from seller-side agents and listings for newly constructed homes.

Investors 481

Investors Agents Real Estate Buyers 481

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Housing Wire

JANUARY 13, 2023

That market contraction, along with a more difficult inflationary operating environment for property owners and businesses generally, is also expected to be a drag on the potential volume of loan originations secured by single-family rental properties. by the end of 2023,” the MBA’s December market-forecast report states.

Marketing 448

Marketing Investing Investors Landlords 448

Raleigh Realty

FEBRUARY 19, 2022

The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. It's one of the final steps after going under contract. In fact, if you have liquid funds, and thus aren't financing your home purchase through a lender, you don't need to have the home appraised.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Eyes on Housing

AUGUST 25, 2023

Interest rates on loans for Acquisition, Development & Construction (AD&C) continued to climb in the second quarter of 2023, according to NAHB’s quarterly Survey on AD&C Financing.

Construction 78

Construction Contracts Finance Development 78

Simonson Real Estate

JULY 10, 2020

Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

DataMaster

JANUARY 15, 2021

Not only did the historically low interest rates contribute to the rise in home prices, but new home construction didn’t keep up. It’s clear that the lockdowns and fear over contracting the virus were the impetus for the lower mortgage rates. New Home Construction. million units. What About Housing Prices in 2021?

Appraisal 147

Appraisal Construction Business Real Estate 147