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

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 524

Construction Business Contracts Marketing 524

Housing Wire

APRIL 29, 2021

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline. “Low

Contracts 414

Contracts Inventory Construction Realtors 414

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 367

Contracts Development Insurance Construction 367

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 164

Construction Contracts Finance Development 164

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 349

Legal Mortgage Contracts Insurance 349

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 347

Mortgage Marketing Retail Construction 347

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 155

Development Construction Contracts Finance 155

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 363

Inventory Contracts Housing Market Realtors 363

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 369

Construction Real Estate Inventory Supply Chain 369

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

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 408

Housing Market Mortgage Marketing Contracts 408

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 362

Supply Chain Construction Inventory Finance 362

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. Should they consider new construction? How you conduct yourself and how you present to each buyer prospect should not vary by situation. Should they buy first or sell first?

Clients 391

Clients Real Estate Inspection Buyers 391

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 540

Mortgage Contracts Construction Government 540

Housing Wire

AUGUST 18, 2023

New construction in the area that competes with your potential listing Remember when builders provide in-house financing, they often can sell a more expensive home for the same payment as your resale. Know what’s going on with the new construction! Are they already in contract on something?

Sellers 355

Sellers Construction Real Estate Finance 355

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 330

Government Housing Market Contracts Insurance 330

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 347

Construction Inventory Realtors Housing Market 347

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Investors of mortgage-backed securities guide that rate discussion and they can be influenced by the overall financing world.)

Finance 68

Finance Inventory Construction Buyers 68

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 429

Inventory Finance Contracts Construction 429

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 516

Housing Market Contracts Construction Inventory 516

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 388

Construction Supply Chain Investors Business 388

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 544

Inventory Construction Government Housing Market 544

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 544

Housing Market Marketing Construction Development 544

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

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 424

Housing Market Marketing Realtors Inventory 424

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

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

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 354

Mortgage Buyers Technology Lending 354

Housing Wire

DECEMBER 31, 2021

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. In October, Rohit Chopra took over as director of the Consumer Finance Protection Bureau.

Marketing 418

Marketing Law Government Mortgage 418

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 395

Investors Agents Real Estate Buyers 395

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

Hood Homes Blog

SEPTEMBER 21, 2018

The builder’s rep already preapproved you with their lender and has a contract out ready for you to sign. Thirdly, your agent can test whether or not buying a new construction is really best for you and your needs. These are often homes that are going to have the comfort and updates of a newer construction but at a resale price!

Contracts 36

Contracts Construction Agents Legal 36

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Zillow

JANUARY 23, 2018

Buying new construction seems simple, right? Having your own agent provides a sense of security," says Seattle-area homeowner Kristy Weaver, who has bought two new construction homes from two different builders. "It Just pick out the floor plan you want, choose the perfect lot, and watch it go up. Not so fast.

Construction 36

Construction Agents Buyers Real Estate Agent 36

Appraisal Buzz

AUGUST 29, 2022

Construction has failed to keep up with the demand of households, especially with the increase during the COVID-19 pandemic. When a bid is placed and accepted on a home, the contract will most likely be contingent on an appraisal since most lenders won’t give to borrowers without one. This was due to an all-time housing shortage.

Transportation 370

Transportation Law Investing Investors 370

Housing Wire

MARCH 15, 2022

Michael Bright, CEO of the Structured Finance Association , who served previously as the chief operating officer of the government-sponsored enterprise Ginnie Mae , said the U.S. It completely upends the construct of securitization.”. I must thus let the CFPB’s case proceed.”. Into the Weeds. The End Game.

Legal 373

Legal Law Investors Finance 373