Remove As-is Remove Design Remove New Construction
article thumbnail

The 11 do’s and don’ts of buying a new build

Housing Wire

Navigating the home buying process often begins with deciding between a new build or an existing homeand while new construction offers exciting possibilities, it also comes with unique challenges. To help you make informed decisions and avoid costly missteps, heres what you need to know before diving into a new build: 1.

article thumbnail

The Southern housing markets poised to become boomtowns

Housing Wire

in new construction, 7.2% The fires are also projected to slow construction growth as the area starts the rebuilding process. Places poised for growth but not at the top of the list include Albuquerque, New Mexico, and Madison and Milwaukee Wisconsin, which have all seen recent land use changes. at the top of their list.

Insiders

Sign Up for our Newsletter

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

article thumbnail

New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

article thumbnail

What will it take to rekindle the senior housing market?

Housing Wire

More than 560,000 new units are needed to meet all the demand by 2030, but only 191,000 will be added at current development rates, according to data service NIC MAP. Adding to the potential shortage in years ahead are stubbornly high mortgage rates and tariffs that could slow new construction. The projected aging of the U.S.

Marketing 368
article thumbnail

How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Also, DSCR five- to nine-unit loans are designed for larger multi-family homes. Describing the modern-day mortgage market as challenging would be an understatement, to say the least.

Loans 343
article thumbnail

Should You Buy an Existing Home or New Construction?

Keeping Current Matters

With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one. New Construction .

article thumbnail

How New Hampshire is looking to alleviate its housing crisis

Housing Wire

In 2023, through its Statewide Housing Needs Assessment , New Hampshire Housing found that the state is currently short by 23,500 units. This has begun to impact New Hampshires growing economy as employers cant hire people if there is nowhere suitable to live. Its a big deal.