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With low inventory, house hunters are in full safari mode

Housing Wire

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

Inventory 462
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How fix’n’flip loans could help expand housing inventory

Housing Wire

One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending. “We We actually have a lower inventory of homes that people really want to live in turnkey,” Lind said.

Inventory 336
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FinLocker raises $17M in Series B funding round

Housing Wire

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

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HUD launches manufactured home community loan program

Housing Wire

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

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California’s ‘Master Plan for Aging’ is well received in its early days

Housing Wire

While this won’t lead to a “silver tsunami” when it comes to a flood of housing inventory, the impacts of an aging population are difficult to ignore. It also suggests that the Implementation Tracker be updated to include categories for each initiative’s area of focus rather than producing separate reports containing these designations.”

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Veev raises $400M to scale tech-enabled homebuilding

Housing Wire

The company says it will use the funding to scale its operations, accelerate its research and development and expand construction into new markets. It also completed a 78-unit emergency housing development in San Jose in only 90 days. The company plans to further reduce its carbon footprint an additional 25% in 2022.

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3 solutions to a gridlocked housing market

Housing Wire

Acra Lending is doing what it can to help free up inventory. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up. In addition to low inventory, the massive competition in the market has led to an increase in home prices. 3-month bank statement. Jumbo products.