Realtor.com

NOVEMBER 17, 2022

Getty Images While buying any home is an expensive endeavor these days, buying a brand-new home—where everything is in pristine condition—will understandably cost a bit more. Compare that with a preexisting home’s median price of $396,300 , and it’s clear that buying brand-new might set you back tens of thousands of dollars extra.

New Construction 126

New Construction Construction Development Renovation 126

Eye on Housing

OCTOBER 25, 2022

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively. Read More ›

New Construction 118

New Construction Construction Sales As-is 118

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.

New Construction 110

New Construction Construction VA loan Finance 110

Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. For others, typical construction is what they have their hearts set on.

New Construction 72

New Construction Construction Equity Commercial 72

McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. It requires more work, so you want to be sure that you are charging for your effort.

New Construction 86

New Construction Construction FHA loan Land 86

Realtor.com

JANUARY 17, 2023

Getty Images One of the reasons many homebuyers are drawn to buying a brand-new home is that they often get to choose many of the home’s features to suit their tastes. But with new construction, you can call the shots on countertops, fixtures, flooring, paint colors, and so much more to make your home feel like, well, you!

New Construction 94

New Construction Construction Design As-is 94

Louisville Homes

DECEMBER 21, 2021

On a regular basis, acquiring good quality construction materials, visiting the construction site, and negotiating with the labor force, laborers, and painters is a physically challenging activity. In this piece, we’ll look at new construction pros and cons. Customization Is Amazing. Super Clean.

New Construction 98

New Construction Construction Inspection Land 98

Realty Biz

NOVEMBER 8, 2022

New construction homes are becoming increasingly popular. They offer many advantages, such as the ability to customize your home to your specific needs and wants, and the peace of mind that comes with knowing your home is brand new. It’s important to do your research before picking the new construction home you want to be in.

New Construction 81

New Construction Construction Land Closing 81

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Housing Wire

FEBRUARY 24, 2023

“Rates have bounced higher since January, which likely is acting as a drag on new home sales in the meantime.” The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 Looking ahead, experts are optimistic about the spring selling season for new construction.

Sales 432

Sales New Construction Construction Mortgages 432

RIS Media

AUGUST 2, 2021

If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. For listing agents, these rising home costs are good news. Will the result take immediate effect?

New Construction 101

New Construction Construction Marketing Agents 101

Realty Biz

AUGUST 14, 2022

The company said contractors on new constructions will be able to make use of its entire solution, which generates 3D models and exterior measurements, using blueprints of designs. In other words, it now supports both existing homes (through smartphone photos) and new constructions. Hover founder and Chief Executive A.J.

New Construction 90

New Construction Construction Technology Design 90

Real Trends

MARCH 29, 2023

Builders responded in kind, gearing up the development of new homes to meet the growing demand. There was one problem, we were already at a new home deficit, making the new home market incredibly competitive. That is a main reason why buying a new home right now aligns with the primary motivation of today’s buyers.

New Construction 89

New Construction Construction Banks Development 89

Realty Biz

MARCH 29, 2021

When purchasing a brand new construction home, they are often covered by a warranty for about the first one or two years of ownership. It is not uncommon to see some new housing developments advertise that they offer a builder’s warranty. What is Covered in a New Construction Warranty?

New Construction 109

New Construction Construction FHA loan Branding 109

Housing Wire

FEBRUARY 21, 2024

The acquisition marks a milestone in Zonda’s path to streamlining the new home shopping process. Zonda will be able to integrate its new construction data and tech platform with the leading portal for U.S. new home listings. new home listings. The demand for new construction isn’t waning.

New Construction 352

New Construction Construction Industrial Design 352

Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

New Construction 52

New Construction Construction Inspection Finance 52

Maximum Exposure Real Estate

JUNE 14, 2021

What to Know About Buying New Construction Homes Are you thinking about buying new construction? The idea of buying a brand new house is appealing to many homebuyers. However, buying a newly constructed home isn’t the same as […].

New Construction 115

New Construction Construction Branding As-is 115

Norada Real Estate

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

New Construction 52

New Construction Construction Probate sale Investor 52

Housing Wire

MARCH 4, 2024

New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. The persistent scarcity of existing homes drove buyers toward newly built properties, allowing builders to maintain double-digit margins. The acquisition is set to close in the first half of 2024.

New Construction 346

New Construction Land Construction Industrial 346

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. Fueling this increase is new construction, according to Divounguy, even though the 1.3% Over the past year, the value of the U.S.

Marketing 512

Marketing New Construction Finance Construction 512

Housing Wire

FEBRUARY 29, 2024

Other buyers are choosing to pivot to new construction, attracted to the concessions offered by homebuilders, including rate buydowns. Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb.

Mortgages 458

Mortgages Fixed-rate mortgage New Construction Construction 458

Realtor.com

OCTOBER 15, 2020

fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. However, just because a house is new doesn’t mean it’s free of flaws. There are a lot of factors that could make a brand-new home a less than ideal purchase. Do the materials and style of construction match the neighborhood?”

New Construction 138

New Construction Construction Purchase and sale agreement Design 138

Housing Wire

JULY 26, 2023

“The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low. It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. At the current sales pace this inventory represents 7.4

Sales 349

Sales New Construction Marketing Construction 349

Housing Wire

APRIL 15, 2024

There are places where new construction relieved some pressure, and where homeowners are less locked into their mortgage, but not in the nation’s most expensive metros. Competition in the housing market is heating up heading into May and June. Home prices are surging in major U.S. ” Competition is stiff for attractive listings.

New Construction 409

New Construction Construction Mortgages Marketing 409

Housing Wire

DECEMBER 21, 2023

A rise in homebuilder confidence , followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low.” Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates. by the end of next year.

Mortgages 500

Mortgages Fixed-rate mortgage MLS New Construction 500

Housing Wire

NOVEMBER 30, 2023

Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. New home sales fell 5.6% Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% down from 72.6

Sales 469

Sales New Construction Construction Mortgages 469

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% 11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage 530

Fixed-rate mortgage Mortgages New Construction Construction 530

Redfin

JUNE 13, 2022

Come prepared with a new construction walkthrough checklist and you’ll know exactly what to look for ahead of time. You might hear a new construction walkthrough called a “blue tape walkthrough.” Blue tape walkthroughs only apply to new construction homes. ” Why? Pen or pencil.

New Construction 63

New Construction Construction Inspection Closing 63

Eye on Housing

JULY 29, 2022

After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier. Read More ›

New Construction 101

New Construction Construction Sales As-is 101

Housing Wire

MAY 25, 2022

A new generation of digitally native homebuyers and sellers are expecting online experiences , in every type of transaction, and more convenient and seamless ways to find, tour, purchase, and sell homes on their own terms. Innovation is not just on the construction side — it also can be adopted on the sales side.

New Construction 447

New Construction Construction Sales Industrial 447

Homes.com

SEPTEMBER 28, 2020

As low-interest rates and high demand plague a housing shortage for first-time homebuyers, the one thing changing the game is the increased popularity of new construction homes. The post How New Construction Homes Are Helping Ease the Housing Shortage appeared first on Homes.com.

New Construction 77

New Construction Construction As-is 77

HomeLight

MAY 23, 2022

The latest signs say we’re due for a surge in new construction as governments big and small look to balance the nation’s housing supply. This week on The Walkthrough , agent Danielle Seifert says now’s the time to consider making new construction a priority in your real estate business. New construction.

New Construction 75

New Construction Construction Agents As-is 75

Louisville Homes

APRIL 7, 2022

You have a couple of options, namely, buy an existing home or new construction. The other option is to go the new construction route. Next is buying the materials and beginning construction. One thing to really focus on when deciding whether to buy an existing home or new construction is the layout.

New Construction 52

New Construction Construction Land Renovation 52

Housing Wire

NOVEMBER 22, 2023

New construction starts and permits showed surprising strength in October while existing-home sales slumped to their worst reading since 2010. “This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.”

Mortgages 449

Mortgages New Construction Construction Sales 449

Realty Biz

JUNE 15, 2021

Residential construction in the U.S. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these high-profile developments: 1000M – Chicago, IL. 111 Murray Street – New York, NY.

New Construction 103

New Construction Development Construction Residential 103

Housing Wire

FEBRUARY 15, 2024

The preference that older Americans have for aging in place in their own homes is showing up in broader trend data, according to a new report from Redfin. While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 years last year, up from 6.5

New Construction 463

New Construction Construction Mortgages As-is 463

Housing Wire

NOVEMBER 15, 2023

The latest GDP report, Consumer Price Index findings and softer labor data seem to point towards a mild improvement in the economy, but Yun still sees some worrying signs to watch for in the new year. Meanwhile, he counts on home builders to ramp up new construction, as the existing-home inventory shortage lifts demand for new homes.

Sales 458

Sales New Construction Staging Mortgages 458