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Housing starts are rising, despite cost to buyers

Housing Wire

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply.

Buyers 441
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How to grow housing supply in 2021

Housing Wire

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. This period was also during a lull in our prime-age labor force growth, so demand was soft during the years 2006-2011.

Inventory 542
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Home prices see greatest gain in over 6 years

Housing Wire

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. Homes went under contract two weeks faster in September than they did a year earlier, but construction is playing catch-up to feed the frenzy, said Speakman. Census Bureau. “Our

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The nation’s housing market is on a correction course

Housing Wire

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. Both in New York City and across the metropolitan region, there has been a steady and pronounced decline in signed contracts in both May and June, going against normal seasonal trends. …

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U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). “Homebuilder confidence suffers near-record plunge” (Newsweek).

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Lamacchia Realty Announces Top Producing REALTORS® for March 2022

Lamacchia Realty

To learn more about Shauna, click here: Shauna Fanning Kelly Dimbat has lived in Billerica since 2006 and has been a top producing REALTOR® in Billerica and the surrounding communities for several years. Kelly joined forces with Lamacchia Realty in January 2019, after having owned James Marcora Realty in Billerica, MA since 2006.

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Value of a Pool for Homes?

Appraisal Today

This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. In contrast, pools hardly exist in some locations, so it’s less of a factor because buyers don’t expect a pool. Listed for $42.5