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Mortgage Banks Reported Negative Profits for the First Time Ever in 2022

Pro Builder

Negative profits in 2022 are likely a result of slower housing activity caused by higher financing costs coupled with elevated home prices, leading to lower purchase and refinance volume. Read more Financing Affordability Market Data + Trends Financing

Banking 52
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The Potential Future of Housing-Finance Reform Under the Biden Administration

Pro Builder

The Potential Future of Housing-Finance Reform Under the Biden Administration. The future of the housing-finance giants Fannie Mae and Freddie Mac now falls onto President-elect Joe Biden’s shoulders. Housing Policy + Finance. cbroderick. Tue, 11/10/2020 - 09:42. Read More. . Government + Policy.

Finance 52
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Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize esorum Thu, 03/16/2023 - 09:09 This year’s finalists in the Construction & Design category include solutions to the labor shortage as well as environmentally friendly building solutions focused on decreasing construction time.

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Practical Tips For Encouraging Repeat High-Profit Clients

Contractor Bookkeeping

Among the stats Hubspot lists are: that a 5% increase in customer retention is responsible for more than 25% increase in profit; repeat customers are nine times more likely to convert than first-time visitors, and a 2% increase in customer retention has a similar impact to your bottom line as reducing costs by 10%.

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Selling a House with Solar Panels is Fraught with Peril

Green Building Law Update

There are nearly 2 Million houses in the U.S. It can be perilous to fail to properly address rooftop solar panels at the time of sale of a house. Obviously that language creates issues when selling a house with solar panels installed on the roof that belong to someone else. Some of the companies engaged in this business (.

Housing 207
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Biden Administration Introduces New Initiative to Protect Tenants and Lower Rent Costs

Pro Builder

The White House is launching a “Blueprint for a Renters Bill of Rights” that aims to set clear guidelines to help renters stay in affordable housing, as well as the “Resident-Centered Housing Challenge,” a call to action for housing providers and state and local governments to strengthen policies in their own respective markets.

Finance 89
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Waning Buyer Demand Is Taking a Toll on the Fix-And-Flip Market

Pro Builder

Investor profits on fix-and-flip properties fell to their lowest level in 13 years during the third quarter of 2022 thanks to surging mortgage rates and weak homebuyer demand. Prospective homebuyers aren’t the only ones dealing with elevated housing costs and a dearth of new inventory. Fri, 12/16/2022 - 09:48.