Housing Wire
JUNE 5, 2024
Is there new construction in your market? One for first-time buyers, one for standard move-up and move-down buyers, one for higher-end executive types, and one with portfolio loans for the self-employed. Tour new construction models and get a feel for pricing on each product for each builder. What price ranges?
Housing Wire
MARCH 6, 2024
Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.
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Housing Wire
JUNE 22, 2023
In its originations business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs). Its BPL business originates about $30 million in volume every month, according to the firm.
Housing Wire
APRIL 15, 2024
In the current market, legitimate buyers are companies with substantial amounts of cash — the groups Ludden represents have at least $50 million — or are parent entities with deep pockets. Certainly, in the last two years, distributed retail, in particular, has been the primary interest for all the buyers,” Ludden said. “As
Housing Wire
SEPTEMBER 14, 2022
The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. The prior Beige Book report , released in July, was based on information collected on or before July 13.
Housing Wire
JANUARY 19, 2023
High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. However, housing affordability worsened.
Housing Wire
DECEMBER 1, 2022
Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted.
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