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New home sales still growing from 2022 lows 

Housing Wire

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. When we take a more extended look at new home sales, we aren’t working from an elevated level — slow and steady wins this race.

Sales 463
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Spring forecast: More inventory and rising home sales

Housing Wire

Everyone knows it’s been a very dry 18 months for home sales. All of these signals point to rising home sales in 2024. There are still a lot of people who assume that mortgage rates need to fall before we see a rebound in home sales, but the data shows that we only need stability in the mortgage markets. Why the difference?

Sales 457
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Master planned communities post strong new home sales numbers in 2023

Housing Wire

According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022. And in 2023, each of the top 50 communities sold at least 368 homes, although that’s fewer than the 2021 record of 460 sales per community.

Sales 412
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NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024

Housing Wire

Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. In 2023, new-home sales are up 5% year to date, Yun said. Consumers are happy with real estate service.

Sales 450
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New home sales plunge 18.2%, but demand stays strong

Housing Wire

After a near decade high in January, new home sales for single-family houses plummeted 18.2% However, continued demand by homebuyers did manage to push new home sales 8.2% However, continued demand by homebuyers did manage to push new home sales 8.2% As for the West, new sales dropped 9.3% year-over-year jump.

Sales 527
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Affordability slows home sales, hints at future home price declines

Housing Wire

Last year, the change in mortgage rates was rapid enough to drive home sales prices down. There’s no getting around the fact that sales are slow , demand is held back because the cost of money is so much higher than it has been recently. It’s notable that home sales prices are not yet declining rapidly like they did last fall.

Sales 402
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Keller Williams hails 16% jump in sales volume

Housing Wire

The Austin, Texas-headquartered real estate brokerage closed 1.22 million home sales in the U.S. Keller Williams also claimed $407 billion in 2020 sales volume in Canada and the U.S., onset in March only to surge to its highest sale volume since the mid-2000s. and Canada in 2020, up 8 percent from 2019.

Sales 412