Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and for home sales to rebound in 2024. Continue reading
Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage. Continue reading
To work with builders, your skill level has to be at your next level. From communication to presentation to organization to marketing — it’s time to raise the stakes to develop these relationships. Continue reading
New-home sales rose 5.8 percent to a seasonally adjusted rate of 640,000, according to data released Friday by the U.S. Census Bureau and Department of Housing and Urban Development. Continue reading
Builders have seen cancellation rates spike this year as buyers now struggle to afford the homes they signed up for months ago, according to data from John Burns Real Estate Consulting. Continue reading
Sales of newly built homes climbed 7.5 percent between September and October to a seasonally adjusted rate of 632,000, according to data released Wednesday from the United States Census Bureau. Continue reading
Home prices could fall by 8 percent, but rising mortgage rates and a “mild recession” will blunt the savings in buyers’ pockets, according to Capital Economics’ new U.S. Housing Market Outlook. Continue reading
The median sales price of a newly built single family home hovered at $470,000, up from the median sales price of $436,000 in August, according to new Census data released Wednesday. Continue reading
With sales already slipping off highs from earlier in the pandemic, a survey of builders released Tuesday by the National Association of Home Builders suggests the bleeding may have just begun. Continue reading
Sales of new single family homes clocked in at a seasonally adjusted annual rate of 685,000 in August, up from 532,000 in July, according to new U.S. Census data released Tuesday. Continue reading