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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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Maryland-based Anchor Home joins Compass

Housing Wire

Anchor Home specializes in high-end residential sales, staging, new construction consultations and renovation strategies. She also serves on the board of Rebuilding Together , a nonprofit that supports critical home renovations for neighbors in need. Their average listing price is $1.7 million, according to Compass.

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Construction worker shortage has reached “crisis” levels

Housing Wire

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. million new hires for construction. Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed.

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Deephaven’s Tom Davis: ‘Either you take market share, or someone takes yours’

Housing Wire

For example, 30% of purchase transactions were new construction last year. If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors. And, its focusing on areas like construction, non-QM, the fix-and-flip and second lien production.

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How New Hampshire is looking to alleviate its housing crisis

Housing Wire

It is encouraging to see some uptick in apartment construction in some of our larger communities. Underlying issues Despite this progress, Dapice and others are frustrated by the lack of new construction especially starter homes in the state. They want to attract younger employees, including recent college graduates.

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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Now, construction homes dominate purchase transactions in the market.

Loans 301
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July’s new housing activity jumps back up amid increased demand

Housing Wire

Additionally, remodel volume – a subset of maintenance that includes renovations, additions, and alterations – increased 2.59% while spend decreased 1.59% year over year. Last month, Buildfax estimated if single-family authorizations and existing housing activity continue to gain, new construction could stabilize in the Fall.