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New home sales fall to lowest pace in a year

Housing Wire

Sales of newly built , single-family homes fell to the lowest pace in a year, down 5.9% Regionally, new home sales rose in two of the four regions in May. Sales grew 33% in the Northeast, 6.7% Against the backdrop of the COVID-19 pandemic, new home sales are still 9.2% months at the current sales rate.

Sales 432
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Opinion: why innovation in a builder matters to homebuyers

Housing Wire

The real estate industry is in the stages of a seismic shift to fully digital experiences. 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.

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Homebuilders are feeling pretty good right now

Housing Wire

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. That share from 2000-2019 was a 12.7%

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Could New Construction Help Level Out the Market?

RIS Media

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. The median sales price of a home in June of 2021 was $370,600—an 24.4% Will the result take immediate effect?

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The Community and Economic Impacts of a Home Sale

Keeping Current Matters

Home purchases and sales are significant drivers of economic activity. economy via the multiple industries and professionals that take part in the process. The National Association of Realtors (NAR) releases a report each year that highlights just how much economic activity a home sale generates.

Sales 239
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The #1 Reason Not to Wait to List Your House for Sale

Keeping Current Matters

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Mark Fleming, Chief Economist for First American , just reported : “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market.

Sales 282
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Making housing more affordable by bridging the affordable supply gap

Housing Wire

Since 2011, the number of existing single-family homes for sale has declined more than 30%. By supplying more homes that are affordable, the housing industry can increase homeownership rates for everyone. ?. However, new construction trends do not reflect this changing preference.

Finance 375