Housing Wire

FEBRUARY 3, 2023

Recent data on unemployment insurance claims have indicated a stronger job market than the string of layoff announcements from the technology and financial sectors would suggest.” The construction sector added 25,000 jobs in January thanks to a big uptick in the number of specialty trade contractors (up 21,900 jobs).

Housing Market 341

Housing Market Marketing Construction Real Estate 341

Housing Wire

APRIL 23, 2024

From there — and when combined with employment in construction and housing permit data — the thinking around rates will become clearer. “If I believe that our obligation is to communicate with the data for everybody in the cycle, from the biggest players down to every single homebuyer and seller,” Simonsen said.

Inventory 422

Inventory Housing Market Sellers Marketing 422

Housing Wire

JANUARY 10, 2022

Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . With more supply from new construction and existing owners relocating, new and existing home sales are expected to rise about 1% to 7 million sales, the largest number since 2006.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

NOVEMBER 7, 2023

If they’re dying to be in just one specific neighborhood, door-knock that neighborhood for them to uncover the next motivated seller. 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. Overcommunicate.

Clients 381

Clients Buyers Real Estate Agent Real Estate 381

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Yet help might be on the way. Much of this market dysfunction is also attributable to a lack of lenders.

Business 412

Business Finance Buyers Lending 412

Housing Wire

MARCH 28, 2022

Proprietary analytics and external data sources, backed by a microservice architecture that connects them all via APIs, can feed optimized recommendations and assessments for any part of the sale — valuation, tax, credit score, loan rating, insurance rating, title and closing costs.

Real Estate 374

Real Estate Marketing Insurance Buyers 374

Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officers 391

Loan Officers Mortgage Inventory Clients 391

Housing Wire

MAY 10, 2023

Indexes that contributed to the annual increase were food (+7.7%), motor vehicle insurance (+15.5%), household furnishings and operations (+5.3%), recreation (+5.0%), and new vehicles (+5.4%). Major contributors to this increase included used cards and trucks (4.4%), motor vehicle insurance (1.4%), and energy (+0.6%, thanks to a +3.0%

Housing Market 357

Housing Market Insurance Realtors Buyers 357

Housing Wire

APRIL 1, 2024

There’s a lot more capital in the picture — in particular, insurance capital — which needs the rating for them to buy the bond,” Matthews said. “So, To put a sense of scale on that, insurance capital is about $8 trillion, and about half of that goes into the bond world.” So, the rating just opens up this massive world.

Finance 389

Finance Investing Real Estate Agent Real Estate 389

Appraisal Buzz

JUNE 20, 2022

Borrowers, sellers, and real estate agents are seeking to lay blame for failed real estate transactions and often target the appraiser as the villain. It’s not unusual for alterations to be made to plans during construction, or for the improvement to be built at variance to the specifications due to decisions made on the fly.

Appraisal 417

Appraisal Modernization Property Appraisal Real Property 417

Housing Wire

FEBRUARY 24, 2022

billion revenue, which mostly stems from a 5% sales fee charged to home sellers and proceeds from flipping homes. But like real estate brokerage Compass , another company significantly financed by the SoftBank Vision Fund , Opendoor has constructed an empirically money-losing business model with little sign of reversing course.

Investors 424

Investors Real Estate Inventory Finance 424

Appraisal Buzz

SEPTEMBER 26, 2022

Building entire neighbors can encourage large-scale construction. Immigration policies can impact construction because the industry relies on them for labor. million migrant workers in construction. million migrant workers in construction. The construction of condominiums is at a record low.

Construction 195

Construction Supply Chain Buyers Retail 195

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Does a Newly Constructed Home Need an Appraisal? Yes, even a newly constructed home needs an appraisal. Often new constructions don't have developed yards.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Housing Wire

FEBRUARY 3, 2022

The “Big Four” take on the upstarts in title insurance. Like many parts of the economy, housing construction may remain plagued by supply chain challenges, labor shortages and rising costs. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market. Here are 7 trends to watch in the 2022 appraisal market.

Housing Market 404

Housing Market Marketing Supply Chain Mortgage 404

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. “It percentage points of the loan amount,” Nunziata said.

Marketing 404

Marketing Government Mortgage Sellers 404

Will Springer Realtor

DECEMBER 8, 2021

Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% Who said this is a sellers’ market? “In Lot availability is at multi-decade lows and the construction industry currently has more than 330,000 open positions.”. construction jobs in the U.S.,

Sellers 36

Sellers Marketing Supply Chain Construction 36

McKissock

JULY 26, 2022

Constructing a real estate offer is an art. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Requests to sellers to pay closing costs. Property insurance. Making an offer. Closing dates.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

Appraisal Today

APRIL 12, 2024

Insurance purposes: Lenders or other clients may order desktop appraisals for insurance purposes to determine the property’s replacement cost or insurable value. To read more, Click Here To see the listing with 40 photos Click Here = Can a New Construction Sale be Used as a Comp for an Older Home? baths, 14,450 sq.ft.,

Appraisal 77

Appraisal Construction Contracts Architecture 77

Lamacchia Realty

MAY 19, 2023

These batches were used in thousands of foundations for new construction homes. To add insult to injury, insurance doesn’t cover it. For home sellers, the discovery of a pyrrhotite-infected foundation can be devastating.

Sellers 62

Sellers Buyers Government Insurance 62

Raleigh Realty

AUGUST 20, 2022

Hidden Costs when Purchasing a Home There are hidden costs when buying a home, including closing costs, insurance, or utility costs. The seller pays the listing firm. Earnest Money When you find the home you wish to buy, you must submit an earnest money deposit to the seller. This is one thing many buyers don't realize.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

Contracts 143

Contracts Tenants Legal Sellers 143

Hank Miller Team

NOVEMBER 22, 2022

They do not represent either buyer or seller. If the appraisal comes in below contract price, there are actions taken between buyer and seller that can work to resolve the issue. During the ‘21-’22 markets, buyers routinely waived their right to inspect, buying homes “as is” to be most appealing to sellers.

Inspection 52

Inspection Appraisal Buyers Sellers 52

Assurance Financial

APRIL 29, 2021

The CD also tells you how much cash you need to bring to closing and lists all the transactions that have taken place, such as any credits from the seller. C to P (Construction to Permanent Loan). A construction loan is typically a short-term loan that only pays for the cost of building a house. DTI (Debt-to-Income).

Mortgage 74

Mortgage HOA Insurance Real Estate Agent 74

Raleigh Realty

FEBRUARY 19, 2022

The sellers paid for an entirely new HVAC which means my $400 home inspection netted me well over $5,000. Not a bad insurance policy Storage Space What type of storage space does the estate have? Recently, we have had clients buy new construction properties both in Fuquay-Varina, Holly Springs, and Raleigh, NC.

HOA 148

HOA Real Estate Buyers Construction 148

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

Appraisal 80

Appraisal Contracts Insurance Construction 80

Will Springer Realtor

MARCH 11, 2024

The soaring prices of insurance and energy have dealt a two-pronged blow to homeowners’ wallets, with no relief in sight. Nationwide, home insurance premiums have surged by an average of 21% year-on-year, as of May 2023, equating to an annual increase of $244 per household. Prospective home sellers are smart people.

Insurance 36

Insurance Sellers Real Estate Buyers 36

Housing Wire

APRIL 27, 2023

The vast majority of IH’s renovations required permits — including for demolishing and constructing sections of single-family homes, installing and demolishing pools, and significantly altering the electrical work— but permits were not obtained,” court pleadings allege.

Renovations 293

Renovations Investing Real Estate Marketing 293

Assurance Financial

APRIL 18, 2022

When you close on the renovation mortgage, the lender will pay the seller the home’s sale price. For example, if your mortgage is $150,000 and the house costs $100,000, the seller will get $100,000, and the remaining $50,000 will go into an account. Construction Loan. It’s not a construction loan.

Renovations 74

Renovations Construction Home Improvement Mortgage 74

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Assurance Financial

JUNE 14, 2021

Conventional loans offer the ability to avoid the costs of mortgage insurance while also giving borrowers the option of fixed or adjustable rates. What is Private Mortgage Insurance? You will also be responsible for origination fees, appraisal fees and mortgage insurance. What Is Private Mortgage Insurance?

Insurance 69

Insurance Construction Mortgage Buyers 69

Hank Miller Team

JULY 12, 2023

However, personal spending remains high and debt is piling up a record levels; the average car payment is pushing $750/mo before insurance, and that's for a 72 mo loan. Listing inventory down as well, in the mix is the dearth of new construction when builders slammed on the brakes. Fewer buyers, fewer contract and sales.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Appraisal Today

JUNE 2, 2023

Offer more valuation products (11%) Upgrade your license so that you can appraise more property types (8%) Market yourself as an expert in a specific niche (9%) “I made it through the last recession by offering my expertise for insurance appraisals in mobile home parks. Home sellers gave concessions to buyers in 42.9%

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

Listing Spark

FEBRUARY 9, 2023

People typically use an appraisal to validate the value of a home or property for real estate transactions between buyers and sellers, or if homeowners are refinancing their mortgage. A homeowner may also order an appraisal if they are attempting to have mortgage insurance removed from their loan.

Appraisal 36

Appraisal Sellers Market Value Contracts 36

Assurance Financial

JULY 27, 2021

Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). How long you need to pay for insurance depends on how long it takes you to pay off at least 20% of the home’s value. You need to repay the mortgage according to the terms of the loan.

Mortgage 69

Mortgage Government Construction Insurance 69

Eppraisal

OCTOBER 28, 2022

These are not the kind of home warranties that new construction builders provide. New construction builders provide warranties on the construction of a new home. "Home "Home Warranties" are essentially an insurance policy for any homeowner to purchase. Did you know there are warranties for your home?

Construction 36

Construction Home Value Real Estate Agent Buyers 36

Raleigh Realty

MAY 3, 2021

Oftentimes you may even find that new construction homes are the way to go as the barrier to entry can oftentimes be easier than purchasing a resale. Conventional loans are insured by private lenders. The catch is that you will need to pay private mortgage insurance if you put down less than 20. Spouses may qualify, as well.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Inspection 78