Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in November, down from a 9.2%

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Marketing FHA loan Loans Mortgages 410

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close.

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Agents Equity New Construction Days on market 450

Marco Santarelli

OCTOBER 22, 2023

The housing market is experiencing a significant slowdown , with economists predicting that 2023 will be the slowest year for home sales since the 2008 housing bubble burst. million sales of existing homes in the United States by the end of 2023.

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Sales New Construction Marketing Construction 52

Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

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New Construction Construction Inspection Finance 52

Marco Santarelli

MAY 2, 2024

The housing market continues to be a tale of two cities, with expensive coastal areas experiencing a surge in home values, while more affordable markets see a more balanced approach. This trend is highlighted in the latest Zillow March 2024 Market Report, revealing a clear link between limited inventory and skyrocketing prices.

Marketing 52

Marketing New Construction Construction Mortgages 52

Housing Wire

AUGUST 18, 2023

Even in a hot seller’s market, there is aspirational pricing. Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. The average days on the market You should know this stat for properties like your subject property.

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Realtor.com

JUNE 24, 2021

In this latest installment of our new series, “ First-Time Homebuyer Confessions ,” we spoke with Nicole Krouse (who happens to be director of marketing at Realtor.com ). Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. So we thought, “Why not?”

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New Construction Construction Due diligence Marketing 111

Norada Real Estate

JANUARY 27, 2023

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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New Construction Construction Probate sale Investor 52

Housing Wire

DECEMBER 20, 2023

Are they out there knocking on doors, sending letters and going to new builds, FSBOs and open houses? Finding the right house for your buyers in today’s market is a bit like a safari. Search for homes that have 30-plus days on the market, even 60- or 90-plus days as well. Flexible closing date!” “Wanted!

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MLS Pre-approval New Construction Construction 420

Housing Wire

FEBRUARY 8, 2024

And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. 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.

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Housing Wire

MAY 19, 2021

National median home prices reached $370,528 for the month of April, a 22% increase year over year and a new record, according to a recent study from Redfin. The number of homes for sale also sank to a record-low average of only 19 days on the market. This housing boom is nowhere close to over.”

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New Construction Sales Construction Closing 485

Marco Santarelli

OCTOBER 26, 2023

In the realm of real estate, the desire for mortgage rates to return to the 3% range and bidding wars for new listings may remain unfulfilled. However, experts project that in 2024 , the Florida housing market is poised for strength , offering ample opportunities for real estate professionals.

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Marketing New Construction Construction Residential 96

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. When it comes to closing costs, the Peach State is one of the friendlier parts of the U.S. to purchase a home in.

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Closing costs Closing Title Loans 94

Realty Biz

APRIL 19, 2024

How long can the US real estate market sustain elevated home prices? If it can’t, when is a market correction due? The US market can only keep home prices high for a short time. However, an imminent correction will strongly depend on regional housing market conditions and job market growth. What’s the key takeaway?

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Marketing Fixed-rate mortgage Construction Banks 90

Redfin

AUGUST 25, 2020

A surge in homebuilding before the pandemic is now driving growth in new-home sales. Sales of newly-built homes climbed 10.1% year over year in July, recovering to pre-pandemic levels, while sales of existing homes rose just 5.3%. As a result, sales of new homes are growing faster than sales of existing homes. “The

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New Construction Construction Sales Residential 63

Realtor.com

OCTOBER 15, 2020

However, just because a house is new doesn’t mean it’s free of flaws. There are a lot of factors that could make a brand-new home a less than ideal purchase. So, before closing on a new-construction home, here are some things you need to consider. Quality of the build. Possible upgrades and design options.

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New Construction Construction Purchase and sale agreement Design 138

Housing Wire

JUNE 30, 2022

The housing market has undergone a significant transformation over the past two years. While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. John Gibson: SVP, National Sales Director; Wholesale & Correspondent Lending.

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Lending Banks Technology New Construction 368

Realtor.com

NOVEMBER 7, 2022

to “Purchase before X date, and we’ll pay all of your closing costs.”. Incentives are also commonly offered near the end of a project when there are only a few homes left to sell, since builders might be eager to close the books. ” While many incentives are widely advertised, others are not and are discretionary.

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Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. ” The Fed’s short-term rate does not directly impact long-term mortgage rates but it does steer market activity to create higher rates and reduce demand. year-over-year.

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Mortgages Loan Officer Pre-approval Fixed-rate mortgage 421

HomeLight

APRIL 29, 2024

If your house is outdated or needs repairs, competing with all the new construction homes on the market can feel like a daunting prospect. This option can be a lifeline if you need to move quickly or lack the resources to prepare your home for sale. Receive your offer in 24 hours and close in as few as 10 days.

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New Construction Closing Staging Construction 94

Housing Wire

JANUARY 6, 2022

The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. You can’t buy what’s not for sale.

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Construction New Construction Equity Sales 500

HomeLight

APRIL 13, 2023

You successfully negotiated an affordable price for a Nebraska home and are ready for closing. For the final tabulation in determining the cost of your new house, you subtracted the down payment. But did you remember to add closing costs? So, how much are closing costs in Nebraska? Who pays for closing costs in Nebraska?

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Closing costs Closing Title Title search 77

Marco Santarelli

APRIL 24, 2024

The mere mention of a housing market correction sends shivers down the spines of many. Here's why the housing market today presents a different scenario, backed up by data sets and tables: A Tale of Two Housing Markets: Supply & Demand A critical difference between 2008 and 2024 lies in supply and demand.

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Marketing Lending Technology Mortgages 105

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. Rocket posted a $33 million adjusted net income loss in the second quarter, following a $111 million loss in Q1.

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Loans Mortgages Loan Officer Principal 368

Realty Biz

JUNE 15, 2021

Residential construction in the U.S. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these high-profile developments: 1000M – Chicago, IL. Azure – Clearwater, FL.

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New Construction Development Construction Residential 102

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. While some fees are only a few hundred dollars, the final closing costs can run into the thousands.

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Closing costs Closing Inspection Loans 82

Housing Wire

JANUARY 6, 2021

This is the first of the company’s strategic homebuilder partners to offer the services to new-construction customers, and they’re starting with the Florida market. As a partner in Offerpad’s Homebuilder Alliance program , Maronda Homes will offers homebuyers listing and direct sale products when purchasing a new build.

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New Construction Construction Closing Sales 238

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. We plan to maintain our flexible operational, and financial position by generating strong cash flows from our homebuilding operations while managing our product offerings, incentives, home pricing, sales pace, and inventory levels to optimize returns.”.

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Construction Closing Sales Investor 370

Housing Wire

APRIL 26, 2023

Another tactic is to capitalize on newly built homes – a silver lining in the inventory-lacking market – which now account for a third of available inventory, double than normal levels, according to Redfin. LOs do something new In an environment where every deal counts, some go niche.

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Loan Officer Mortgages Loans Closing costs 397

Housing Wire

OCTOBER 21, 2021

In September 2021, Burlington’s median home sale price was $425,000, a 14.9% These rapidly rising prices have made an already challenging market for local buyers even more frustrating, similar to the situation in another New England metro. Few homes for sale. year-over-year decrease in median number of days on the market.

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New Construction Agents Construction Marketing 384

Housing Wire

JUNE 10, 2022

We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are Of course, the answer is about why this is not the same market — in any way — to post 2008. Are we in a housing bubble?”

Construction 384

Construction Closing New Construction Agents 384

GeekEstate

APRIL 22, 2024

My name is Istvan Fehervari, and I’m the Founder & CEO of Homebourse, the New Construction Hub. Numerous services and initiatives exist to address specific needs, such as offering local listings of new construction projects or facilitating online offer submissions. What problem does your product/service solve?

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New Construction Construction Development Industrial 67

Realtor.com

NOVEMBER 24, 2021

new home sales rose 0.4% Because of a small sampling size, the sales data are often revised sharply. Sales in September were originally estimated at 800,000. Analysts polled by The Wall Street Journal had forecast new-home sales in October to remain steady at an 800,000 rate. Getty Images The numbers: U.S.

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Sales Construction New Construction Closing 78

Realtor.com

DECEMBER 20, 2022

Photo-Illustration by Realtor.com; Photos: Getty Images (2) / Realtor.com It’s like déjà vu in the housing market. Then, quite suddenly, the market seemed to seize up and prices and sales began falling. Last month, Federal Reserve Chair Jerome Powell said the COVID-19 pandemic market had been in a “housing bubble.”

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Marketing Construction Investor New Construction 113

Realty Biz

JULY 23, 2021

Existing home sales rose by 1.4% million units, following four months of declining sales. The sales numbers are based on transactions closed in the month, so they could be contracts signed in April or May, the National Association of Realtors reported. Sales are still up massively on an annual basis. month supply.

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Sales Purchase and sale agreement Investor New Construction 104

RIS Media

AUGUST 27, 2020

Inventory is at an all-time low in many markets across the United States as eager buyers return to market more quickly than sellers. Pre-listing updates will pay off big time for sellers in current market conditions, helping agents transform every client into a lifelong referral source. The post The No.

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Agents New Construction Renovation Marketing 109