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The homebuilding space consolidates after strong results in 2023

Housing Wire

New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. The acquisition is set to close in the first half of 2024. They also boast advantageous relationships with land sellers and can command lower costs of debt.

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The Advantages And Disadvantages Of New Construction Homes

Realty Biz

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.

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‘We Bought a House That Hadn’t Been Built Yet’: New Construction May Be the Key To Succeed in Today’s Hot Market

Realtor.com

Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. The Krouses’ new-construction home in South Austin, TX Nicole Krouse. We were visiting some friends who had just moved into a new build in a part of South Austin that’s underdeveloped right now.

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Desperate for deals, mortgage pros get creative

Housing Wire

That’s why builders are utilizing closing cost incentives and temporary rate buydowns often funded by lenders. “If Some markets like New Jersey don’t have land to build new homes. I think if we get down close to the 5% range, that will definitely open up a lot of buyers from an affordability standpoint.

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I’d list my home, but where would I move?

Housing Wire

Build a home instead of chasing after the scarce resale inventory 30% of available homes are new construction, so there are several advantages to this option. Builders are closing loans in the 4.5 Next, the house is new. They might use a bridge loan to borrow their equity, close on the next home and then sell the old one.

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How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales.

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Greater Toronto Area Sees 450% Home Price Growth

RIS Media

Average price has soared over the 25-year period, rising close to 453%, from $198,150 in 1996 to $1,095,475 in 2021, at a compound annual growth rate of 7.08%. Many have raised concerns about the future of housing, given population growth and land scarcity within the Greater Toronto Area.”.

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