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New-home sales hit highest level since 2021

Housing Wire

New home sales continue to be a bright spot in a dismal housing market. Census Bureau and Department of Housing and Urban Development shows new-home sales registering at a seasonally adjusted annual rate of 698,000, good for a 6.7% more than 2023 and the highest sales have been since 2021. higher than November.

Sales 460
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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. million sales transactions, comparing homes that sold on the MLS with privately listed sales. loss recorded in majority-white neighborhoods.

MLS 493
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Existing-home sales finish a dismal year on a high note

Housing Wire

Existing home sales finished 2024 on a high note after a dismal year for the housing market. The December report from the National Association of Realtors (NAR) shows existing-home sales at a seasonally adjusted annual rate of 4.24 Despite the positive news in the December numbers, the final tallies for 2024 paint a different picture.

Sales 366
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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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Agents say Cape Coral’s housing market is correcting, not crashing

Housing Wire

According to Redfin , the median home sale price in the Cape Coral-Fort Myers metro area jumped nearly 75% from early 2020 to mid-2022, peaking at $441,000 in April 2022. Wood Christies International Real Estate — said that new construction is helping to bring down expensive homeowners insurance rates that have led to buyer apprehension.

Agents 429
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Midwest, Northeast housing markets stay hot amid national cooldown

Housing Wire

First-time homebuyers stimulate sales, you know. New York (up 48 spots) ranked behind Philadelphia in terms of yearly improvement. Kenosha has always been kind of the engine in terms of real estate sales in southeast Wisconsin, she said. Our new listings have gone up slightly but not enough to keep up with demand.

Marketing 387
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Here are the cities that lead the nation in new-home construction

Housing Wire

New-home sales have been a bright spot in housing markets across the country that have been struggling for years with high mortgage rates and low inventory. But the benefits of newly built homes are spread unevenly, as markets in the South tend to have more construction than other regions.