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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

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Zillow and Redfin partner on new construction listings

Housing Wire

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8%

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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

Nearly three-quarters of Hispanic and Black sellers reported that their agent recommended using a private listing network, compared to only 24% of white sellers. Additionally, Zillow survey data shows that Hispanic and Black home sellers are more frequently advised to list their property off the MLS.

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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

Century 21 Regency Realty agent Cheryl Piccinini has lived and traveled all over the world, but there is no place she would rather be than Alabama. “No No matter what you want, you can find it here,” the Enterprise, Alabama-based agent said. New construction is backed up,” she said. You can find the city, the country.

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Nearly half of home sellers are offering concessions

Housing Wire

Now theyre negotiating concessions so they can afford to buy a home, said Chaley McVay, a Redfin Premier agent in Portland, Oregon. Buyers used to ask for concessions to cover little things like repairs. A lot of sellers are offering money for mortgage-rate buydowns, and I recently had one seller cover seven months of HOA fees for the buyer.

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The 11 do’s and don’ts of buying a new build

Housing Wire

Navigating the home buying process often begins with deciding between a new build or an existing homeand while new construction offers exciting possibilities, it also comes with unique challenges. While the builders sales team represents the developer, a buyers agent works solely in the buyers best interest.

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Compass strikes again with leadership changes in the Southeast

Housing Wire

“We are poised for continued success, supporting our agents and expanding Compass footprint across the region. The future of Compass is bright, and we look forward to continuing to provide the industry-leading tools, technology, and support our agents need to excel as the demand for luxury properties continues to rise.”

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