Construction Mortgage Renovations Supply Chain 
Housing Wire
NOVEMBER 30, 2021
Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 trillion in 2022, according to the Mortgage Bankers Association – non-QM will be part of that, of course. The housing supply constraints on the market also open up a few opportunities for non-QM growth. Refinance decline.
Appraisal Buzz
APRIL 11, 2022
It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Mortgage rates dipped to record lows in 2021, then skyrocketed in early 2022. COVID-19, supply shortages and high inflation play a role in this rapid increase. More Second Home Purchases.
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Housing Wire
APRIL 20, 2022
Wholesale lender Homepoint is becoming a broker of sorts…for mortgage brokers. The Ann Arbor, Michigan-based company has launched a referral program aimed at connecting mortgage brokers with regional homebuilders as well as homebuyers. The company sold $13.1
Housing Wire
MAY 8, 2023
Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.” In 2019 the number was 200,000.
Raleigh Realty
JULY 12, 2022
As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. 4,840 new apartments were constructed in Raleigh throughout 2021. Triangle MLS) In Q1 of 2022, prices for construction materials have increased anywhere from 6.2
Will Springer Realtor
MAY 9, 2023
In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. Kitchen and bath professionals are reporting 3.9-month
Appraisal Buzz
SEPTEMBER 26, 2022
In 2021, more than 90% of builders reported backlogs and supply scarcity. COVID-19 caused breakdowns in the supply chain and labor shortages. Building entire neighbors can encourage large-scale construction. Immigration policies can impact construction because the industry relies on them for labor. Try Upzoning.
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