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As the lock-in effect eases, the market for new homes is shrinking

Housing Wire

NAR data shows that the annualized rate of existing-home sales dropped 1% from August to September, landing at 3.84 As permits continue to decline, Redfin predicts that the new-home share of the market will fall further, leaving the door open for existing-home sales to take center stage in the market. million units. year over year.

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How New Hampshire is looking to alleviate its housing crisis

Housing Wire

If you can attract someone right out of college or early in their career to stay or come to New Hampshire, apartment living is a great option for people at that stage in their life, said Rob Dapice, the executive director and CEO ofNew Hampshire Housing. Housing industry experts attribute this to the states restrictive zoning laws.

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With lower costs and other value, rural areas are enticing for older homebuyers

Housing Wire

People come from Florida , Texas, Georgia or from Illinois in an effort to avoid the traffic and the high taxes and some people are buying a farm and hope they will have a piece of land for their kids, he said. This is Mayberry. We dont have the traffic and we dont have the crime and we dont have (high) cost of living, either.

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Can a market be too hot? Should smaller developers get worried when bigger developers pile in

Housing Wire

Experienced architects, engineers, and contractors can provide valuable guidance during the feasibility stages of a project, offering insights into cost, scheduling, and construction methods. Smaller developers can find niches in infill projects, where the city’s land-use plans aim to build density and revitalize less developed areas.

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Think the 2025 market is a claw machine? Here’s how to win anyway

Housing Wire

Now is the time for agents to double down on their differentiators, brush up on buyer agreements and consultations, practice expectation-setting with sellers , improve the way they market their listings and lean into smart staging strategies. When you increase the number of factors you can control, you set yourself up for big wins.

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Democrats put housing front and center in NYC mayoral debate

Housing Wire

Nine candidates were on stage Wednesday night during the Democratic New York City mayoral debate, which was televised on a local NBC News affiliate. Housing took the spotlight immediately out of the gate, with the very first question centered on the affordability of living in the city. that we need.”

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Though most commonly thought of for residential deals, real estate agents can also help people buy, sell or rent commercial properties, land and more. With that in mind, it’s a good practice to interview multiple brokerages before deciding where to land. After agents have partnered with a brokerage, it’s time to get to work.