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Why Purchasing New Construction Can Be a Smart Move for First-Time Homebuyers

Realtor.com

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.

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Hover brings 3D digital twins to new construction projects

Realty Biz

Proptech startup Hover , which has created technology that uses smartphone photos to build digital twins of properties, is expanding its capabilities to include blueprint uploads. In other words, it now supports both existing homes (through smartphone photos) and new constructions. Hover founder and Chief Executive A.J.

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New home sales rose 12% in May

Housing Wire

Strong new home sales have gotten the new construction industry back on track to deliver much-needed inventory for this undersupplied market. This has brought a resurgence to the new construction industry with sales rising and home builder confidence climbing.’ This is 20% above the May 2022 estimate of 636,000.

Sales 350
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Opinion: will we see massive price drops in new construction?

Real Trends

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.

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Benefits of Investing in New Construction Real Estate

Norada Real Estate

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.

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Top LO Tim Potempa joins E Mortgage Capital

Housing Wire

. “The transition just became along the lines of the team’s ability to have a product suite and technology.” But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. ” According to Scotsman Guide , Potempa was the No.

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The current REO market requires an expansion of services for business growth

Housing Wire

Balancing supply and demand is a delicate dance between new construction and existing properties. Moreover, VRM Mortgage Services harnesses the power of its innovative, proprietary technology, seamlessly blending predictive modeling with AI capabilities. territories.