article thumbnail

Builders rediscover a tool from the 1980s that keeps new home prices from falling

Housing Wire

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Source: AEI Housing Center, www.AEI.org/housing.

Tools 381
article thumbnail

Why the US MLS system is the envy of other countries

Housing Wire

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Solving the Housing Shortage

DataMaster

The building rate of the previous decade struggled to keep up with the pace of the 2000s when homes were being built at nearly twice the rate ! The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. Manufactured Homes.

article thumbnail

Crumbling Foundations: Understanding Pyrrhotite-Infected Concrete and Its Impact on Homeowners

Lamacchia Realty

These batches were used in thousands of foundations for new construction homes. What Pyrrhotite-Infected Foundations Mean for Homeowners As home buyers and sellers are trying to navigate this already unique real estate market, the crumbling foundation crisis is an add stressor for those trying to buy and sell properties in these areas.

Sellers 62
article thumbnail

Solving the Housing Shortage

DataMaster

The building rate of the previous decade struggled to keep up with the pace of the 2000s when homes were being built at nearly twice the rate ! The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. either quit or lost their jobs.

article thumbnail

Solving the Housing Shortage

DataMaster

The building rate of the previous decade struggled to keep up with the pace of the 2000s when homes were being built at nearly twice the rate ! The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. Clearly, construction is not keeping up. Manufactured Homes.

article thumbnail

Lamacchia Realty Announces Top Producing REALTORS® for March 2022

Lamacchia Realty

She brings years of industry experience and expertise in all aspects of the home buying & selling process as well as construction, land assessment & purchasing, negotiating contracts, and design. Buyers, sellers, investors, and builders are her business and she values every single client and loves getting people where they want to be.