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As the lock-in effect eases, the market for new homes is shrinking

Housing Wire

New construction inventory has grown in recent months. Homebuilders have ramped up incentives — like mortgage rate buydowns and cash rebates — to boost sales, and new-home sales rose 6.3% But the increase in sales means that inventory levels will start to decline as fewer new homes are being built. million units.

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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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New apartment construction hasn’t lowered rents in many areas

Housing Wire

More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. increase in asking rents for newly constructed apartments in 2024 the biggest spike in 18 months. Rent prices have fluctuated alongside home prices in this year’s housing market.

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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.

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Tom Davis shares non-QM opportunities to capitalize heading into 2025

Housing Wire

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training.

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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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Amid housing slowdown, new construction grew most in exurban areas in Q3

Housing Wire

From Q2 to Q3 2023, the single-family , new-construction market share grew the most in large metro outlying counties from 9.5% Meanwhile, single-family construction growth rates in small metro core counties declined 18.6% Outlying counties posted the highest growth rate in the multifamily sector as well.