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“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This could make the overall cost to entry — which is already low — more digestible.
Real estate agents now have a new tool to remove these distraction from home staging photos — and no, it’s not Apple Intelligence. Defurnish is one of a number of new tools Matterport rolled out this week as the company seeks to improve how agents market properties.
A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”
The National Association of Hispanic Real Estate Professionals is launching a new trade organization to support Latino construction businesses and workers in building capacity, access to capital and creating business opportunities for its members. of construction workers compared to 18.5% Hispanics represent 27.7%
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it.
Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training. HW : We’re seeing an uptick in ground-up construction. New construction volume levels have increased to 10-year highs with a percentage share of 33%.
Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 trillion in 2021, many construction businesses still struggle with outdated, paper-based processes that slow productivity and create compliance risks.
Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Its the perfect tool for lenders looking to help more borrowers and one company is positioned to help you harness it. Construction loans Inventory levels in the real estate market arent what they used to be.
The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Tye Alroe, director of Alroe Constructions , was recently let down by a subcontractor who pulled out of a job at the last minute. “I I had a roofer locked in six weeks in advance.
Despite the stated expectations of retirees, the data used in the briefs construction suggests instead that tapping equity is actually a typical response to LTC shocks, the brief explained. Such shocks also lead to reductions in expected bequests.
As affordability challenges push more people into renting the average age of first-time homebuyers has moved up to an all-time high of 38 years real estate professionals must stay ahead of market trends and equip themselves with the right knowledge and tools to navigate and command this evolving landscape. have continued to surge.
While the offsite construction process has been around for decades, it has yet to be adopted as a mainstream way to generate high-quality housing supply at scale,” said Sean Dobson, Chairman, CEO and CIO of Amherst Group. we think modular construction is an important part of the solution. Amid ongoing supply constraints in the U.S.,
While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. months in January 2022 to 10.1
The future of Compass is bright, and we look forward to continuing to provide the industry-leading tools, technology, and support our agents need to excel as the demand for luxury properties continues to rise.” The veteran development executive established herself as one of the premier brokers in the South Florida region.
Buyer-generated content, including consumer reviews of builders, is now available on Zillow and will be viewable on builder profiles, community pages and paid new construction listings. In Zillows Consumer Housing Trends Report, it was revealed that 76% of new construction buyers say reputation is very or extremely important in a builder.
This requires the appraiser to understand data science and its inherent analytical techniques, as well as the ability to use advanced tools and software to identify trends and patterns. Another important skill in the appraisers tool kit should be communication, both written and oral.
We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. Market Leaders advanced newsletter automation tool can help. In this article, weve compiled 49 compelling real estate newsletter ideas and subject lines. Lets dive in!
Dark Matter Technologies makes it a priority to stay ahead of these trends, ensuring our clients have the right tools to scale efficiently when market conditions change. Experts at the summit highlighted that 16% of all new housing activity these days comes from new construction , making builder engagement strategy essential for lenders.
Helping the homeowner file for bankruptcy is another tool in the pre-foreclosure peacemaker’s tool kit, but Sandoval uses that tool with caution. “I He passed down his passion for real estate investing to Sandoval, and he is now giving back by helping to construct a medical building in Mexico.
Additionally, Zillow Home Loans’s BuyAbility tool offers buyers a personalized assessment of suitable home prices and monthly payments that align with their financial capabilities. When buying a new-construction home, the builder may cover these costs as incentives.
Leveraging digital tools to streamline construction projects and minimize delays Anyone in the construction industry knows that delays can be costly. However, one solution is transforming the way construction projects are managed: real-time data capture.
Make equipment management a breeze with digital data Managing construction equipment efficiently ensures smooth project operations, minimizing downtime, and optimizing resource allocation. Customizable Forms for Compliance and Safety: GoFormz provides fully customizable construction forms tailored to meet specific project requirements.
Mortgage veteran Donny Panasis has joined Embrace Home Loans as branch manager of its Viera, Florida office, where he and his team will originate loans for both existing and new construction homes.
When compared to comparable nearby non-Showcase listings on Zillow, tools like Zillow Showcase, an immersive listing experience, can help increase the number of page views, saves, and shares from buyers looking for houses with those features. Many are also viewing renting as a longer-term lifestyle.
Nonprofits are increasingly turning to accessory dwelling units (ADUs) as a tool to combat the nation’s ongoing affordable housing crisis. Nonprofits are not just addressing the demand for new housing but are also providing funding to homeowners for ADU construction.
Meanwhile, there’s been a surge in the construction of new units: nearly one million new apartment units are projected to be available by 2025, according to a market analysis using data from the U.S. Property managers can use these tools to stand out in an increasingly competitive market. Census Bureau.
Real estate technology firm Rechat announced a strategic partnership on Monday with Peerage Realty Partners that aims to expand tech tool and service offerings for Peerage agents and brokers. ” Rechat will offer its suite of tools and services to all Peerage Realty brokerages. . and Canada.
The site, which was constructed throughout nearly all of 2024, launched post-live quality assurance (QA) and has been up for about a day, Burgard confirmed in an interview with HousingWire. Citi led creative testing throughout the year-long site design and build, and will conduct testing throughout 2025.
Agents subscribed to Bright MLS now have access to a built-in advertising tool through a new partnership with Collabra Technology , according to an announcement on Tuesday. The tool also automatically builds advertising for agents that includes their business details, including their name and brokerage.
Compass has the best tools and technology in the industry, allowing us to operate at efficiencies we’ve only been dreaming of for the past three years,” Skenderian said in a statement. The Marcus Skenderian Real Estate Group works across commercial real estate , architecture, construction , development and residential sales.
.” Questions about SPCPs In regard to special purpose credit programs, MBA shared a blanket statement with HousingWire , which read: Even before FHFA encouraged the GSEs to support them, MBA in the past has promoted SPCPs as a tool to increase mortgage credit availability to underserved communities.
And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Opportunities to innovate.
More financing tools and counseling programs can also help preserve the affordable housing stock and ensure that all households live in safe and adequate housing. The industry also relies heavily on immigrants, which accounted for 34% of the construction trades labor force in 2023.
But document management apps such as PandaDoc or CamScanner or transaction management tools, such as Dotloop, can be a huge help. Structuring meetings like this can make them much more constructive. Take advantage of technology For time management and productivity, there are several apps that can help you optimize your workday.
The California State Senate passed a bill this week that would permit the construction of affordable housing units on land owned by faith-based institutions and nonprofit colleges, even if local zoning ordinances and laws would normally prevent construction. Tackling our housing crisis requires every tool available to us,” Sen.
While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search. Innovative building materials and home features matter.
Homesnap has spent years building tools that reinforce the agent-client relationship and arm both home buyers and agents with the data and software they need to find homes and do their jobs,” said John Mazur, CEO of Homesnap. The number of property listings across CoStar’s brands will also double, from about 1.35 million to over 2.6
He is the CEO and Founder of Bluebird Lending, a national private lender servicing real estate developers and investors with an array of loan products to acquire, construct, and refinance residential and multifamily properties. Michael Gevurtz is an entrepreneur and investor in the real estate and finance industries.
Before joining OneTrust Home Loans, Hecht served as head of production and executive vice president for national retail lending at Newrez , formerly known as Caliber Home Loans.
The Build Illinois Homes Tax Credit Act , first introduced in 2020, would offer a state tax credit for housing developers that construct affordable homes within the state. By incentivizing new construction, we can expand housing options, bring down costs, and give families a real shot at homeownership.
“Shelter inflation has been coming down slowly since the summer, as new residential construction activity ramped up in 2023,” said Lisa Sturtevant, chief economist for Bright MLS. chance the Fed will hold interest rates steady in December, according to the CME Group’s FedWatch tool. As of 9 a.m.
Plus, seeking the most efficient tools to service this segment and help create income while the for-sale market remains challenged and provides less opportunities. For agents, staying informed about these developments is essential for strategic decision-making and client guidance in the coming year and beyond.
“With access to cutting-edge tools like Performance Tracker, Compass AI , and the innovative Compass Collections, we are poised to enhance our client experience and deliver unparalleled service through the industry’s leading technology platform.” The team specializes in buyer and seller representation as well as new construction.
Freddie Mac partnered with Fannie Mae and state HFAs to construct the standardized subordinate-lien documents. The online tools developed by the NCSHA and 23 of its member state HFAs identify the key features of HFA homeownership programs that are most important for lenders in determining how and where to partner with the agencies.
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