Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Builders don’t all pay the same buyer-side commissions; some don’t pay any buyer-side commissions. So how do you provide overwhelming value to your buyer clients? For Sale By Owners are the same. Be a matchmaker.

Clients 383

Clients Buyers Real Estate Agent Real Estate 383

Housing Wire

JUNE 3, 2022

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

Construction 442

Construction Renovations Transportation Real Estate 442

Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

Construction 313

Construction Development Business Housing Market 313

Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Tye Alroe, director of Alroe Constructions , was recently let down by a subcontractor who pulled out of a job at the last minute. “I I had a roofer locked in six weeks in advance.

Construction 396

Construction Contracts Supply Chain Business 396

Eyes on Housing

JULY 29, 2022

After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier. Read More ›

Buyers 161

Buyers Construction Inventory 161

Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. The sharper focus on cost is now boosting interest in modular factory-built ADUs, which tend to be less expensive and faster to build than custom onsite construction. That vision is still under construction, so to speak.

Buyers 339

Buyers Real Estate Construction Finance 339

Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

Buyers 359

Buyers Inventory Agents Realty 359

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers.

Housing Market 368

Housing Market Marketing Training New Listings 368

Eyes on Housing

APRIL 20, 2022

Preference for newly constructed homes skyrocketed in 2020, as buyers looked for homes with more square footage and amenities in which to work remotely, school children, exercise, etc. By the fourth quarter of 2020, 42% of prospective buyers preferred new construction.

Construction 167

Construction Buyers 167

Housing Wire

APRIL 9, 2024

Homebuilders are observing a rise in demand for homes that can accommodate natural aging from Gen X buyers. Gen X buyers are also more likely to have more financial means and control over their potential options, and are keeping access to necessary later-life services in mind when choosing where to live as they get older, the story explained.

Buyers 447

Buyers Construction Realtors Development 447

Housing Wire

FEBRUARY 24, 2023

The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement. Many home builders are offering incentives to buyers, sweetening the deal just enough to bump sales from the month prior.” months in December.

Construction 427

Construction Contracts Buyers Development 427

Housing Wire

MARCH 27, 2024

The company collects a 3% buyer agent commission, keeps a third of it, and refunds the rest to the buyer; it does not charge a seller agent commission fee. Listings by instant buyers (also known as “iBuyers”) plummeted last year, although the industry segment’s struggles are hardly limited to Jacksonville.

Brokerage 402

Brokerage Realty Real Estate Inventory 402

Housing Wire

FEBRUARY 13, 2024

“Master-planned communities continue to attract buyers and outperform the overall new home market by offering a lifestyle, which elevates and links a collection of neighborhoods,” Ken Pearlman, managing principal at John Burns Research & Consulting, said in a statement.

Buyers 431

Buyers Design Construction Marketing 431

Appraisal Buzz

OCTOBER 28, 2021

While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low inventory have pushed those who can afford it to seek newly or custom-built homes instead of … The post Buyers Looking To Get Into New Homes Pay a Premium appeared first on DSNews.

Buyers 195

Buyers Construction Inventory Appraisal 195

Housing Wire

APRIL 15, 2024

These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers. New Orleans, Austin and San Antonio are the three markets where buyers have more choices than before the pandemic, while Tampa, Orlando and Jacksonville are down only 9%, tied for the second-smallest drop.

Housing Market 327

Housing Market Inventory Buyers New Listings 327

Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

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Inventory Buyers Construction Sellers 486

Housing Wire

MAY 25, 2022

But buyers and sellers aren’t just looking to startups and tech companies to create these experiences; they’re also expecting more innovative services and products from industry incumbents as well, including homebuilders. Smart home features also pique the interest of two-thirds of new build buyers.

Construction 438

Construction Real Estate Buyers Sellers 438

Eyes on Housing

JUNE 25, 2021

Recent Census data, combined with NAHB survey results, illustrate the way in which home buyers in the lower one-fourth of the market have been squeezed entirely out of the market for new construction, and forced to look exclusively in the stock of existing homes—where the inventory of homes available for sale remains in a historically low range (at (..)

Buyers 175

Buyers Construction Inventory Marketing 175

Appraisal Buzz

OCTOBER 28, 2021

While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low inventory have pushed those who can afford it to seek newly or custom-built homes instead of … The post Buyers Looking To Get Into New Homes Pay a Premium appeared first on DSNews.

Buyers 195

Buyers Construction Inventory Appraisal 195

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% At the same time, builders also adapted to the needs of today’s home buyers who are navigating higher mortgage rates. After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. Over the past year, the value of the U.S.

Housing Market 508

Housing Market Marketing Inventory Finance 508

Housing Wire

FEBRUARY 21, 2024

By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. Zonda will be able to integrate its new construction data and tech platform with the leading portal for U.S. The demand for new construction isn’t waning.

Business 339

Business Construction Design Inventory 339

Housing Wire

FEBRUARY 29, 2024

Other buyers are choosing to pivot to new construction, attracted to the concessions offered by homebuilders, including rate buydowns. In January, the PCE rose at the fastest pace in nearly a year, supporting the central bank’s conservative approach to rate cuts.

Mortgage 448

Mortgage Construction Buyers Inventory 448

Sacramento Appraisal Blog

JULY 25, 2022

We’ve seen a massive change with housing inventory. But is it because sellers are rushing to list their homes? That’s not the culprit. Let’s talk about supply and some things on my mind about today’s market.

Buyers 391

Buyers Inventory Real Estate Sellers 391

Sacramento Appraisal Blog

NOVEMBER 1, 2021

Are buyers struggling to afford the market? I have some brand new visuals to share (Part I) and then let’s unpack a new study about affording new construction (Part II). Let’s talk about that today. What are you seeing in your area regarding affordability? I’d love to hear.

Construction 402

Construction Buyers Marketing Realtors 402

Housing Wire

AUGUST 19, 2020

Buyer-generated content, including consumer reviews of builders, is now available on Zillow and will be viewable on builder profiles, community pages and paid new construction listings. In July, Zillow home shoppers expressed more interest in designing a new home, with page views in July to paid new construction listings up 81%.

Construction 515

Construction Design Tools Buyers 515

Housing Wire

FEBRUARY 12, 2024

Meanwhile, more apartments are under construction. Buying a house in this market can make sense for more affluent buyers who can afford a large down payment and offset the price of elevated mortgage rates, according to Fairweather. In 2022, rent growth rates spanned a much wider spectrum of 4.8% to 17.7%, Redfin reported.

Landlords 359

Landlords Construction Mortgage Marketing 359

Housing Wire

MARCH 4, 2024

The persistent scarcity of existing homes drove buyers toward newly built properties, allowing builders to maintain double-digit margins. New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year.

Construction 334

Construction Inventory Sellers Buyers 334

Inman

APRIL 5, 2024

Craig Rowe reviews Homebourse, an online resource for new construction sales and offer facilitation focused on urban high rise projects and remote buyers.

Construction 119

Construction Buyers Technology Real Estate 119

Housing Wire

JULY 26, 2023

It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. As a result, it is forcing buyers to make trade-offs, in terms of both characteristics of the home as well as the home’s location.” At the end of the month, there were 432,000 new homes for sale, up 0.7%

Housing Market 342

Housing Market Marketing Construction Inventory 342

Empire Appraisal Group

JULY 27, 2023

Source: [link] Why Don’t More Buyers Consider a Fixer-Upper? In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. Bethesda, MD (301) 215-4688 The post Why Don’t More Buyers Consider a Fixer-Upper?

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

Real Estate News

AUGUST 26, 2023

Limited inventory is changing the behavior of buyers and the price of new construction relative to existing homes, several experts told Real Estate News.

Construction 239

Construction Inventory Real Estate Buyers 239

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit.

Business 414

Business Finance Buyers Lending 414

Housing Wire

NOVEMBER 28, 2023

The team specializes in buyer and seller representation as well as new construction. “With access to cutting-edge tools like Performance Tracker, Compass AI , and the innovative Compass Collections, we are poised to enhance our client experience and deliver unparalleled service through the industry’s leading technology platform.”

Real Estate Agent 405

Real Estate Agent Real Estate Realty Technology 405

Housing Wire

JANUARY 26, 2024

The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes. These regions posted respective monthly increases of 14%, 11.9% year over year.

Contracts 452

Contracts Housing Market Construction Inventory 452

Housing Wire

MARCH 20, 2024

NAR’s proposed settlement – which still needs court approval – includes several rule changes, including a new requirement that buyer agents to enter into a written buyer broker agreement with clients. That may be a slightly rosy framing of buyer agents’ impact on ZIllow’s revenues.

Investors 407

Investors Agents Real Estate Buyers 407

Housing Wire

JANUARY 16, 2024

Anchor Loans’ TPO channel will provide residential business purpose loan products – including bridge , fix and flip, ground-up construction and rental investor loans with debt service coverage ratio (DSCR), the firm said in a release. Tim Landwehr, co-chief revenue officer, led the launch of the TPO channel. “We

Investors 425

Investors Housing Market Construction Finance 425

Housing Wire

APRIL 5, 2024

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. In March, employment continued to trend up in construction, adding 39,000 jobs month over month. As a result, mortgage rates are likely going to stay elevated for longer.” month over month to $34.69 and were up 4.1%

Mortgage 279

Mortgage Transportation Construction Housing Market 279