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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.

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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 .

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MA lawmakers debate rent control as agents push for new construction

Housing Wire

While state lawmakers are currently debating rent control legislation as one potential answer to the issue, the Massachusetts Association of Realtors (MAR) is advocating to increase housing construction instead, according to reporting by the Massachusetts’ State House News Service. Last month, Washington state Gov.

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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.

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Struggling To Find a Home To Buy? New Construction May Be an Option.

Keeping Current Matters

With so few homes available to buy right now, you might be considering building a new home as one of your options. First, let’s look at the benefits of purchasing a newly constructed home. With a brand-new home, you’ll be able to: 1. Buying a new construction vs. existing home typically means you’ll have fewer repairs to do.

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Zonda announces major business acquisition

Housing Wire

By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. The acquisition marks a milestone in Zonda’s path to streamlining the new home shopping process. new home listings.

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HUD details funding, policy support for green homes and climate resilience

Housing Wire

HUD also published guides designed to assist with mobility improvements and decarbonization of existing transportation systems. In February, HUD also announced new agreements with the Environmental Protection Agency (EPA), the U.S. Department of Agriculture (USDA) in which both agencies have adopted updated minimum energy standards.