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

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

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

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

New-home sales reverse course, climb 7.5% in October

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

Prices will fall in 2023. But savings will be negligible due to headwinds

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

Homebuilders suspect demand for new homes will fall even further

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

New home sales plummet 29.6% as homebuyers pull back with force

Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6 percent below the levels seen in July 2021, according to data released Tuesday by the U.S. Census Bureau. Continue reading