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Residential AD&C Loan Volume Contracts During 4Q23

Eyes on Housing

The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the fourth quarter of 2023 as interest rates increased and financial conditions tightened. However, AD&C loan conditions will improve in 2024 as the Fed begins easing monetary policy.

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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

We also develop the effective ages of comparable sales to derive a range of effective ages, which can help to further support our estimate of the effective age of the property we are appraising. How About Loan Conditions? Then we can use the total economic life of the property to calculate its effective age.

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With little competition, homebuilders are feeling better

Housing Wire

Even as builders continue to deal with stubbornly high construction costs and material supply chain disruptions, they continue to report strong pent-up demand as buyers are waiting for interest rates to drop and turning more to the new home market due to a shortage of existing inventory,” Alicia Huey, the NAHB chairman, said in a statement.

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Builders continue to get a boost from low inventory

Housing Wire

Currently, one-third of housing inventory is new construction, compared to historical norms of a little more than 10%,” Robert Dietz , the NAHB’s chief economist, said in a statement. In addition, 33% of builder expect to experience or have already experienced AD&C loan tightening from regional banking partners.

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Does Refinancing Affect Your Taxes?

Assurance Financial

At Assurance Financial, we have developed this guide to refinance tax implications to help you determine whether a mortgage refinance may be the right option for you. Submit your loan conditions: Then an in-house underwriter at Assurance Financial will receive your paperwork. Tax Deductions and Refinancing.