BUILD by Thrive Mortgage

05/27/2024

On this Memorial Day, we pause to honor and remember the brave men and women who have made the ultimate sacrifice for our freedom. May their courage and dedication never be forgotten. Let us reflect with gratitude and pride on their service, and may their legacy inspire us to cherish and uphold the liberties they fought to protect. Wishing everyone a peaceful and reflective Memorial Day 🇺🇸

05/22/2024

The ZMR accounts for both sales pace and volume, is seasonally adjusted, and is taken as a percentage relative to a baseline market average. Based on the percentage above or below baseline, markets are bucketed into performance groups ranging from significantly underperforming to significantly over-performing relative to historical activity.

Zonda’s snapshot markets were split between 80% over-performing and 20% average in April. Among Zonda’s top 50 major markets, 76% were overperforming, 14% were average, and 10% were underperforming.

We exist to help people Thrive💥
https://www.thrivemortgage.com/loan-programs/construction-financing

04/29/2024

The latest Market Outlook from the REALTORS® Confidence Index indicates continued strength for both buyers and sellers compared to the same period last year:

📍26% of respondents anticipate a rise in buyer traffic over the next three months compared to the previous year, slightly lower than the 30% reported last month but notably higher than the 21% recorded a year ago.

📍Similarly, 26% of respondents project an increase in seller traffic over the next three months compared to the previous year, maintaining stability from the previous month and showing significant growth from the 12% reported one year ago.

MAKING THE AMERICAN DREAM THE AMERICAN REALITY💥
https://www.thrivemortgage.com/loan-programs/construction-financing

04/02/2024

Buyers frustrated by high home prices and mortgage rates and a painful shortage of homes for sale might want to turn to new construction.

Surprised? Yes, these homes have long been viewed as the province of trade-up and wealthier buyers who can afford the high price tags (generally 25% to 35% more than homes on the resale market). However, newly built homes are offering frustrated homebuyers an invaluable lifeline.

Build by Thrive, turning the American Dream into the American Reality is our mission. Our purpose is to empower individuals to flourish💥

03/31/2024

🌷🏠 As the season of renewal and hope dawns, we're sending our warmest wishes your way. May this Easter bring you not only the joy of spring but also the peace and happiness that comes with new beginnings.

At Build by Thrive, we understand that a home is more than just a place—it's where memories are made and dreams hatch. As you gather with family and friends to celebrate, we're reminded of the important role we play in helping you achieve your dreams of homeownership.

Thank you for trusting us with your journeys. Here's to a beautiful Easter filled with love, laughter, and the promise of bright days ahead.🏠🌷

03/27/2024

In February, existing home sales experienced a notable uptick of 9.5% from January, reaching 4.38 million units on a seasonally adjusted annualized basis, as reported by the National Association of Realtors. This surge contrasted analysts' expectations of a slight decline.

Our integrated technology and dedicated team collaborate seamlessly to craft a streamlined, interconnected experience, guided by your new home personal expert. This synergy ensures that your decision is not just good, but the absolute best it can be.

Come THRIVE with us💥

03/17/2024

Inheriting real estate can come with benefits and an abundance of decisions to be made, and inheriting land is no different. For some beneficiaries, they know exactly what they want to do with their new inherited land – sell it, hold onto it, build on it or even lease it.

Securing an interim and permanent construction loan with Thrive Mortgage gives you the peace of mind you desire, so you can focus on the more important aspects of building your DREAM HOME!

02/26/2024

Mortgage rates delivered mixed news throughout January. The 30-year fixed rate mortgage bounced between the high-6%s and low-7%s all month. To put this in context, moving from a 6.7% interest rate to 7.2% on the median-priced new home translates into a 5% increase in the monthly mortgage payment. Builders reported an increase in traffic in January with reasonable conversion.

Our time together during the home purchase process is more than a transaction, it’s a partnership. The Build by Thrive team wants to partner with you to make sure every home purchasing decision achieves your short-term affordability needs on the way to your long-term goals💥

02/20/2024

Zonda's New Home Lot Supply Index was released today, which showed lot supply loosened year-over-year across the United States, but tightened quarter-over-quarter.

- Lot inventory is still categorized as “significantly undersupplied” in most markets. The loosening trend year-over-year is simply a function of the softness in the market in 4Q22.
- LA/OC tightened the most compared to the same time last year. LA/OC is now the tightest housing market across the country for lot supply, followed by Miami and San Diego.
- As of the fourth quarter, there were four markets labeled “appropriately supplied” and three considered “slightly undersupplied.”

Read the full report here, including insights on total upcoming lots: https://lnkd.in/g53aq3F3

📍New Construction Financing
🌐https://www.thrivemortgage.com/loan-programs/construction-financing

02/14/2024

The U.S. Census Bureau’s most recent 2021 data from the Survey of Construction estimates approximately 7.6 months as the average length of time from start to completion of new privately owned residential buildings. That number rises to nearly 14.3 months for owner-built houses, and falls to 6.7 months for build-for-sale homes.
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02/07/2024

Join us for a discussion on new home construction featuring Vice President Brian Hurd. With a background rooted in custom homebuilding as the son of a builder, Brian naturally transitioned into the homebuilding sector of the mortgage industry over two decades ago.
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01/18/2024

The benefit of a fixed-rate mortgage is that your interest rate stays consistent. But your monthly mortgage bill can still change — in fact, it generally fluctuates at least a little bit every year. Rising home values and insurance premiums have caused unusually dramatic increases for some homeowners in recent years. Here’s why and what you may be able to do about it if your payment has increased significantly.

Thrive with us💥

Rising home values and insurance premiums have caused unusually dramatic increases for some homeowners in recent years.