Development
1104: $200 Million in Sales at 23: Overcoming EXTREME Adversity With Brian Lane
With over $200 million in real estate sales at age 23, Realtor Brian Lane is an incredible success story. What makes him an inspiration, however, is what heâs overcome. Raised in an abusive, neglectful home, Brian cared for and provided for his younger siblings from an extremely young age. His early hustles introduced him to real estate and the people who would help him excel in this industry. Brian recently helped his buyers close on Ellen DeGeneresâ multi-million-dollar home while his mother was being sentenced to life in prison. Hear how Brian accomplished and overcame so much on this Real Estate Rockstars.
Higher rates flip the homebuilders’ fortunes (again)
To combat higher mortgage rates, homebuilders have been cutting prices and buying down rates but they still have a lot of work to do.
VA Funding Fee Being Reduced for Home Purchases and Cash Out Refis
In an effort to make mortgage costs a little more bearable, the U.S. Department of Veterans Affairs (VA) is lowering the VA funding fee. This applies to VA loans used for a home purchase or new construction, and even cash out refinances, which likely arenât being utilized at the moment with interest rates as high… Read More »VA Funding Fee Being Reduced for Home Purchases and Cash Out Refis
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âThe Oneâ mansion saga: from a $500M listing to its $141M auction sale
The best hotels in Puerto Rico â find your stay on the Island of Enchantment
New Home Sales Hit 10-Month High, Despite Some Regional Decline
New home sales edged a little further out of a lengthy slump in January, topping 600,000 units for the second straight month. The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed single-family homes were at a seasonally adjusted annual level of 670,000. This was up 7.2 percent from Decemberâs rate of 625,000 units and the best performance since last March. Sales remained 19.4 percent below the annualized total of 831,000 in January 2022. [newhomesall] Analysts polled by Econoday had projected sales at 617,000. Trading Economics was slightly higher at 620,000 units. On an unadjusted basis, there were 59,000 homes sold during the month. The December total was 47,000. New home sales in 2002 totaled 641,000. The year end figure for 2021 was 771,000. At the end if January there were an estimated 439,000 single-family homes available for sale, projected at a 7.9 month supply at the current sales pace. This is down from an 8.7 month supply i n December but 39 percent higher than the 5,7 month inventory a year earlier, Homes sold during the month at a median price of $427,500 and an average of $474,400. The sales prices in January 2022 were $430,500 and $501,200, respectively. The South was responsible for all of the monthâs sales gains. The region posted a 17.1 percent increase from Decemberâs sales while remaining 2.2 percent below the prior January level. Sales in the Northeast fell 19.4 percent and 13.8 percent below the two earlier periods.
New home sales continue to climb in 2023
New home sales rose for the second consecutive month in January, reaching the strongest sales pace recorded since March 2022.
BBMC Mortgage Rates Reviews: Today’s Best Analysis
BBMC Mortgage has worked alongside homebuyers across the country for just under ten years, yet in that short time, it’s earned a positive reputation as a national online lender. The company offers a standard selection of home loan products, including conventional fixed and adjustable-rate mortgages, along with government-backed programs like FHA, VA, and USDA. BBMC’s […]
The post BBMC Mortgage Rates Reviews: Today’s Best Analysis appeared first on Good Financial Cents®.