Tag Archives: new home sales

Builders are back on track. Here’s what that means for real estate

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It wasn’t easy, but builders survived the market downturn without mass layoffs. And they’ve clawed their way back near normal sales levels. Continue reading →

New-home sales soar to 1-year high in March as purchases leap 9.6%

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The strong monthly increase in sales marked the fourth-consecutive month of such increases, as buyers ease back into the market and adjust to a new landscape of higher mortgage rates. Continue reading →

New-home sales post third-straight monthly increase in February

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Sales of newly built single-family homes rose 1.1 percent in February while the average sale price climbed to just under $500,000, according to data released Thursday by the U.S. Census Bureau. Continue reading →

New-home transactions roar to life with strongest sales pace in a year

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A dip in mortgage rates and a backlog of empty homes helped power sales of newly constructed houses for the second-straight month in January, according to data released Friday by the U.S. Census Bureau. Continue reading →

‘Modest’ recession could put a lid on 2023 home sales: Fannie Mae

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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 →

UWM rolls out ‘one-time-close’ new construction loan in time for spring

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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 →

6 real estate agent tips for partnering with new-home builders

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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 continue modest rise — but market ‘lull’ lies ahead

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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 →

Nearly half of new-home buyers in the Southwest are backing out

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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 →