Should You Buy an Existing Home or New Construction?

Keeping Current Matters

With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . When buying a new home, you can often choose more energy-efficient options.

Home Buyers’ Preferences Shift Towards New Construction

Eye on Housing

In other words, all else equal, their first preference would be to purchase a new home. Looking at historical data shows a clear shift in preferences towards new construction in 2020.

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New Construction Love

The Living Room

They were more interested in a higher level of finish than a big yard so we found some really great new construction options for them. I know older homes have their charm but there are some damn fine new construction homes out there.

4 tips to help you win new construction listings

Inman

New construction listings are a specialized area of the industry that can take an agent’s career to the next level. Agent Lead Generation Listings Luxury Luxury Lens Select Teams David Parnes James Harris new construction new development selling new construction the agency

Buying a New Construction Home

American Lifestyle

The post Buying a New Construction Home appeared first on American Lifestyle Magazine. Buying & Selling Finance Financial Advice Home Advice Home Buying Home Loan Real Estate Real Estate Agent Refinancing

New Construction Offers Opportunity

The Living Room

For some of my clients, it has caused them to reframe their goals for purchasing a home, and some have begun to look for new construction in the various new communities that are popping up outside of Portland.

Sales of New-Construction Homes Rebound to Pre-Coronavirus Levels, Rising 10% in July

Redfin

A surge in homebuilding before the pandemic is now driving growth in new-home sales. Meanwhile, the supply of new-construction homes for sale slid 28.4%, representing the largest drop since at least 2013, when Redfin began recording this data.

New Construction and Developments Heat Up in South Florida

Coldwell Banker

The post New Construction and Developments Heat Up in South Florida appeared first on Coldwell Banker Blue Matter.

Looking for New Construction? Here’s What to Keep in Mind

American Lifestyle

The post Looking for New Construction? Buying & Selling Closing Construction Finance Tips Home Advice Home Building Home Buying Home Selling Housing Market Mortgage Real Estate Real Estate Agent Real Estate Tips Refinancing Second Home Selling

7 ways to help buyers score a deal on new construction

Inman

Agent Brokerage Select Service builders Cara Ameer construction deals homebuyers new construction

What is Covered Under a Builder Warranty in New Construction Homes?

Realty Biz

When purchasing a brand new construction home, they are often covered by a warranty for about the first one or two years of ownership. It is not uncommon to see some new housing developments advertise that they offer a builder’s warranty.

How New Construction Homes Are Helping Ease the Housing Shortage

Homes.com

As low-interest rates and high demand plague a housing shortage for first-time homebuyers, the one thing changing the game is the increased popularity of new construction homes. The post How New Construction Homes Are Helping Ease the Housing Shortage appeared first on Homes.com.

New-Construction Home Listings Drop 4% in August, Reversing Course From July’s Rebound

Redfin

The new-homes market is recovering—with sales on the rise—but hurdles including a lumber shortage are still hampering builders. New listings of newly-built homes dropped 4.1% Meanwhile, new listings of existing homes grew 5.2%. There’s plenty of demand for new homes, but builders are facing a unique and costly set of hurdles as they attempt to satisfy that demand,” said Redfin chief economist Daryl Fairweather.

Is New Construction for You?

Luxury Real Estate Blog

As growth in the Wasatch Back continues to boom, developments in Summit and Wasatch counties are creating opportunities for homeowners who prefer new construction and the opportunity to customize their home, without the steep architect fee.

New construction is coming to inventory-starved housing market

Inman

Privately owned housing starts were up 12.8 percent year over year in October, according to data released Thursday by the U.S. Census Bureau. Markets & Economy Select Bill Banfield housing starts permits Rocket Mortgage U.S. Census Bureau

Three Ways to Protect Yourself When Buying New Construction

Luxury Real Estate Blog

When you’re looking to purchase a brand-new home, it’s wise to hire a real estate broker as your trusted advisor. When I was actively selling real estate , I was fortunate to represent many homebuyers when they purchased new construction. Bottom Line for New Construction.

Top 4 Things to Consider When Buying a New Construction Home

The Living Room

Yes… Strong, the pull of new construction is. Buyers are willing to spend more money on brand new homes, compared to what the market generally seems to bear for very similar re-sale homes. There is just something so powerful about buying a home that is cosmetically on-trend, sparkly new, and touched only by the skilled hands of a construction worker! But, there are many factors to take into consideration when considering the purchase of a new home.

Real estate startup takes aim at new construction market

Inman

Select Technology Alec Hartman DigitalOcean Global Founders Capital new constrcution welcomeWelcome raised $5.35 million in seed funding and is founded by the team behind DigitalOcean, a unicorn cloud infrastructure provider.

Offerpad expands services through homebuilder partner

Housing Wire

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.

Zillow launches consumer-generated builder review feature

Housing Wire

Buyer-generated content, including consumer reviews of builders, is now available on Zillow and will be viewable on builder profiles, community pages and paid new construction listings.

Will the Housing Market Bloom This Spring?

Keeping Current Matters

Danielle Hale, Chief Economist , realtor.com : “Despite early weakness, we expect to see new listings grow in March and April as they traditionally do heading into spring , and last year’s extraordinarily low new listings comparison point will mean year over year gains.

What to Look For in New-Construction Homes: These 5 Crucial Aspects Should Be on Your Radar

Realtor.com

fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. 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.

Latest Jobs Report: What Does It Mean for You & the Housing Market?

Keeping Current Matters

The latest jobs report gives hope for new housing construction, and therefore brings hope to buyers as well. Residential construction building jobs increased 3.9% The construction industry remains a labor-intensive industry.

Daily Links: Report Says Pandemic Year New-Construction Square Footage at Lowest Since 2012

Brownstoner

What Is the Strongest Tailwind to Today’s Recovering Economy?

Keeping Current Matters

Remarkably, the residential real estate market (including existing homes and new construction) has flourished over the last twelve months. Sales are up, prices are appreciating, and more new homes are being built. For Buyers For Sellers New Construction

Your House May Be High on the Buyer Wish List This Holiday Season

Keeping Current Matters

In many parts of the country, more new construction will also be available for sale in 2021, which will lessen the demand for your house next year. For Sellers New Construction Selling Myths Content Hub

Homes in Boise, Idaho are “flying off the market”

Housing Wire

New construction continues to take more and more of our market,” Dopp said. New construction used to be maybe 15-20% of the market, trending toward 40% of the market now. Boise, Idaho was the No.

Are There Going to Be More Homes to Buy This Year?

Keeping Current Matters

More New Homes Will Be Built. Last year was a strong year for home builders, and according to the National Association of Home Builders ( NAHB ), 2021 is expected to be even better: “For 2021, NAHB expects ongoing growth for single-family construction.

How Much Leverage Do Today’s House Sellers Have?

Keeping Current Matters

She then offers a possible solution: “While the fear of not being able to find something to buy will not disappear in a limited supply environment, new housing supply can incentivize existing homeowners to move.”. The housing market has been scorching hot over the last twelve months.

Single-family housing starts reach highest level since 2007

Housing Wire

As a result of the pandemic, there has been a heightened demand for larger homes, which Kan said has driven more construction, home sales and mortgage originations. We have underbuilt new housing relative to demand for a decade.

The #1 Reason Not to Wait to List Your House for Sale

Keeping Current Matters

Below is a graph of existing inventory (September numbers are not yet available): Homebuilders are increasing construction, but they cannot keep up with the high demand. For Sellers Housing Market Updates New Construction Pricing

Sales 269

September single-family housing starts reached highest level since 2007

Housing Wire

Single-family housing starts soared in September, a new report from the U.S. Builders are gearing up for an even faster pace in the months ahead, which is welcome news for households wanting to buy a new home,” Fratantoni said.

Multifamily confidence increased in second quarter, but vacancies also rose

Housing Wire

A new report from the National Association of Home Builders shows confidence in the market for new multifamily housing increased in the second quarter but still remains weak.

Home Builder Confidence Hits All-Time Record

Keeping Current Matters

The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes. million unit rate, meaning newly constructed homes are on the rise.

Real Estate Is a Driving Force in the Economy

Keeping Current Matters

It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. To break it down, in 2019, the average newly constructed home contributed just over $88,000 per build to local economies.