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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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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.

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Compass strikes again with leadership changes in the Southeast

Housing Wire

The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. The future of Compass is bright, and we look forward to continuing to provide the industry-leading tools, technology, and support our agents need to excel as the demand for luxury properties continues to rise.”

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Kiavi lands another $300M in its latest RTL securitization

Housing Wire

This move follows Kiavi’s recent expansion announcement , in which it shared plans to offer its products in 13 new states. “Kiavi’s data advantage and differentiated, technology-led approach drives our consistent track record of performance and risk-adjusted returns. . billion since 2019. million received a 21.8%

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Top New Jersey team joins Compass

Housing Wire

The Hoboken, New Jersey -based team was previously brokered at RE/MAX Select and Fontaine has been with the RE/MAX brand for two-plus decades. We eagerly anticipate supporting Soha and her team in realizing their business aspirations, leveraging Compass’s innovative technology and tools to propel her team towards even greater success.”

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Opinion: why innovation in a builder matters to homebuyers

Housing Wire

A new generation of digitally native homebuyers and sellers are expecting online experiences , in every type of transaction, and more convenient and seamless ways to find, tour, purchase, and sell homes on their own terms. Innovation is not just on the construction side — it also can be adopted on the sales side.

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New home sales rose 12% in May

Housing Wire

Strong new home sales have gotten the new construction industry back on track to deliver much-needed inventory for this undersupplied market. This has brought a resurgence to the new construction industry with sales rising and home builder confidence climbing.’ This is 20% above the May 2022 estimate of 636,000.

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