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.

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

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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.

7 ways to help buyers score a deal on new construction

Inman

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

10 Steps for Navigating the New Construction Home Buying Process

HomeLight

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Have you weighed all the pros and cons of buying new?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 256

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.

New Construction Timeline Slips Completion of Gowanus Tank and Head House Project to 2032

Brownstoner

City environmental execs are now estimating that construction of a massive tank and filtration facility designed to help keep the noxious Gowanus Canal clean after its federal scrub won’t be completed until the end of 2032, according to government emails and letters obtained by Brooklyn Paper.

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.

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.

Vancouver Residents Were Moving To Rural BC, and Abbotsford Before The Pandemic

Better Dwelling

New Statistics Canada (Stat Can) data shows the migration pattern of people from Vancouver CMA in 2019. Vancouver BC Real Estate Vancouver New Construction Vancouver Real Estate PricesGreater Vancouver residents have been fleeing to the country.

Take control of your market! 3 strategies for generating more listings in 2021

Inman

Agent Listings Select Teams Adam Hergenrother listings new construction prospectingAs you gear up for a successful year, consider rallying your team around listings. Here are three viable tactics for taking control of your market this month and beyond.

The Pros and Cons of Building vs. Buying as a First-time Homeowner

Homes.com

Buying New Home Construction building buying cons existing house new construction prosIf you're torn between buying or building a home, understanding what each option entails will help you make a more informed decision. Here are the pros and cons of each journey.

Zillow launches reviews and ratings service for homebuilders

Inman

Zillow announced Wednesday that it's rolling out a new feature that will allow consumers to rate and review the companies that built their new construction homes.

The surge in new single-family home sales is slowing down

Inman

The sales rate of new single-family homes dropped 11 percent from October to November, according to data released Wednesday by the U.S. Markets & Economy Select census Holden Lewis home prices housing market hud markets NerdWallet new construction new home sales sales

Sales 86

A Hot Housing Market Expected to Continue Through the Spring of 2021

Homes.com

Coronavirus Finance 2021 covid-19 existing finance home housing lew lew sichelman market mortgage new construction prediction shortage sichelman

The good, bad and ugly of owning a historic home amid the pandemic

Inman

What homes are optimal for living and working through stay-at-home orders and social distancing? It may depend on lifestyle and what a buyer is willing to put up with.

Toronto New Home Inventory Reaches Highest Level Since February, Condos Sales Fall

Better Dwelling

Greater Toronto new home sales are weaker, helping to push inventory a little higher. Altus Group data shows new home sales were down in October. The post Toronto New Home Inventory Reaches Highest Level Since February, Condos Sales Fall appeared first on Better Dwelling.

Sales 76

Greater Vancouver New Home Inventory Jumps 40%, But Only 31 Units Sell

Better Dwelling

Greater Vancouver new home sales are still unusually soft. MLA Canada data shows pre-sales for new homes fell in July. The decline slowed new inventory launches, with over half of expected units delayed. Even with the delays, there was a significant increase in new inventory.

Sales 93

Toronto New Home Sales Drop Over 40%, But 905 Demand Surges Higher

Better Dwelling

Greater Toronto new home sales are on fire, everywhere but in the actual city. Data from Altus Group and BILD GTA shows new home sales had the biggest July in over a decade. In the City of Toronto, new home sales have dropped by […].

Sales 86

Will low inventory plus high demand snowball this winter?

Inman

Agent Analysis Brokerage Markets & Economy Select Service Chris Drayer construction COVID-19 High demand home sales housing inventory housing shortage housing supply market markets new construction real estate renters single-family residential listings