Housing Wire

JANUARY 3, 2024

Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. They are one of the first tribes to be approved for the program, according to the announcement. The program’s initial roll-out will take place in Ochelata, Okla.

Human Resources 420

Human Resources Construction Law Contracts 420

GoForrmz

DECEMBER 21, 2022

Take advantage of eSign construction forms Eliminate paper, manual tasks, and outdated processes with digital construction forms. Equip your forms for construction with eSign fields to instantly generate and collect signed contracts, invoices, and more! Top 3 eSign Construction Use Cases 1.

Construction 78

Construction Legal Contracts Clients 78

Housing Wire

JANUARY 3, 2023

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement.

Contracts 500

Contracts Housing Market Realtors Construction 500

GoForrmz

JULY 7, 2021

Remove communication barriers and level-up workflow processes with these construction digital forms Construction workflows vary from project to project – the larger the project, the greater the amount of people involved. RFI’s A crucial component to the communication process in construction is when an RFI is needed.

Construction 148

Construction Project Management Contracts Investors 148

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? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

JUNE 2, 2021

Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” Kan said. The overall housing index hit its lowest point since February, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Mortgage 543

Mortgage Contracts Inventory Construction 543

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 304

Contracts Realtors Home Value Housing Market 304

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 379

Lending Retail Contracts Construction 379

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. construction workers.

Renovations 384

Renovations Real Estate Construction Contracts 384

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. annual drop recorded in April.

Contracts 354

Contracts Inventory Housing Market Realtors 354

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 399

Inventory Contracts Housing Market Realtors 399

Housing Wire

MARCH 17, 2021

New home applications are down as well, as builders are still suffering from missing construction crews and the skyrocketing price of lumber and building materials. Rates have jumped north of 3% , with most recent reports showing it hovering around 3.5%. Home prices in general are staying high , as well.

Mortgage 410

Mortgage Contracts Construction Marketing 410

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 443

Housing Market Mortgage Marketing Contracts 443

Housing Wire

JUNE 23, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. inflation jumped from 1.68% in February all the way up above 5% by June, per last week’s PMMS report from Freddie Mac.

Mortgage 373

Mortgage Contracts Construction Government 373

Inman

MARCH 29, 2023

"Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months," said NAR's Lawrence Yun.

Contracts 140

Contracts Construction Marketing 140

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

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 claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgage 367

Mortgage Marketing Retail Construction 367

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 376

Government Housing Market Contracts Insurance 376

Eppraisal

MAY 6, 2022

Nowadays, new construction homes are being built year-round. As Spring is in full swing around the country, new construction landscaping has begun for those who've moved into homes during the winter months. Make sure the details are clearly stated on your sales contract. Some just sod the front and seed the back.

Construction 36

Construction Contracts Home Value Buyers 36

Appraisal Buzz

NOVEMBER 11, 2021

Texas-based lender specializing in new construction and resale, has signed a contract to implement the Black Knight Empower LOS and integrated origination solutions to?support Black Knight Inc. ?has has announced that Patriot Mortgage, a?Texas-based

Mortgage 195

Mortgage Contracts Construction Business 195

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. In the new construction sector , NAR predicts sales to increase 4.5% 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, year over year.

Inventory 426

Inventory Realtors Contracts Construction 426

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 366

Construction Inventory Realtors Housing Market 366

Housing Wire

DECEMBER 4, 2020

However, Nothaft expects that mortgages originated today, with a contract rate of 3% or lower, are more likely to have a relatively long life and lenders will not see them coming into refinance anytime soon. Especially when contract interest rates for refis are below 3%. On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

Mortgage 512

Mortgage Contracts Construction Inventory 512

Housing Wire

JUNE 19, 2023

Adding to the issue are concerns raised by educators regarding their working conditions including pay, a lack of support, inflexibility in instruction requirements, lack of multi-year contracts and large classroom sizes according to the Florida Education Association. It closed in December 2021 due to low enrollment.

Development 362

Development Market Value Contracts Construction 362

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

Housing Wire

JANUARY 23, 2024

Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. The second avenue for expanding inventory is new construction. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 444

Real Estate Agent Real Estate Buyers Agents 444

Housing Wire

FEBRUARY 3, 2023

The loan program can’t be extended, relocked or renegotiated until after the lender receives a fully executed sales contract and is only eligible for up to 30 days of extension.

Loan Officers 363

Loan Officers Buyers Contracts Mortgage 363

Housing Wire

FEBRUARY 1, 2023

The average contract interest rate for 5/1 ARMs decreased to 5.38% last week, down from 5.44% the previous week. “Most listings are dilapidated homes or new constructions,” he said. The MBA data shows refinancings were 31.9% According to Shah, homeowners aren’t selling because they are locked on low rates.

Mortgage 359

Mortgage Marketing Loan Officers Contracts 359

Housing Wire

JUNE 17, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. Fannie Mae’s economic group said its outlook on mortgage rates will remain the same: 30-year fixed contract rate at 3% in 2021 and 3.3%

Mortgage 450

Mortgage Housing Market Contracts Construction 450

Housing Wire

FEBRUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The NAR attributes this to the rising costs of land and construction materials. “In “Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. compared to a year ago.

Housing Market 428

Housing Market Realtors Contracts Buyers 428

Housing Wire

DECEMBER 20, 2023

Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. Look for new construction, even if your buyers don’t think they will like it. It’s time to get more creative, aggressive and profitable with your MLS searches.

Real Estate Agent 406

Real Estate Agent Buyers Real Estate Clients 406

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. The group’s Mortgage Credit Availability Index remained unchanged at 124.6 last month, still hovering near levels previously seen in 2014.

Mortgage 479

Mortgage Government Buyers Contracts 479

Housing Wire

NOVEMBER 7, 2023

If they are in a new construction price range but haven’t really considered it, go take a video of a home that could be a match for them and see what their thoughts are. Be one step ahead of the process once they’re under contract. You must be more proactive than your buyer is in the property search. Overcommunicate.

Clients 415

Clients Buyers Real Estate Agent Real Estate 415

Housing Wire

FEBRUARY 18, 2022

Homes went under contract in just 19 days on average, down from 21 a year ago. Homes priced between $100,000 and $250,000 were down 23% from January 2021, while sales of homes priced between $750,000 and $1 million rose 33%. Sales of homes priced above $1 million were up 39%. “While the 6.7

Supply Chain 410

Supply Chain Inventory Buyers Contracts 410

Housing Wire

MAY 24, 2023

The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. . “Investors remained attuned to the uncertainty around the U.S. “Economic data released over the past week have also pointed to a still-resilient economy.

Mortgage 384

Mortgage Inventory Retail Housing Market 384

Housing Wire

JUNE 7, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group had forecast a slowdown in home sales for the second and third quarters of 2022, followed by a softening in construction activity and a noticeable deceleration in home price growth. .

Mortgage 383

Mortgage Housing Market Contracts Construction 383

Cleveland Appraisal Blog

NOVEMBER 14, 2022

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. To ensure that all parties are in agreement, you should compose contracts for all contractors and clients you do business with. The Role of Lighting in Safety.

Real Estate 303

Real Estate Development Appraisal Contracts 303