Remove Closing Remove New Construction Remove Pre-approval
article thumbnail

Mortgage rates might soar even higher

Housing Wire

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. “We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

Mortgages 448
article thumbnail

Top 10 Housing Markets for 2025: Zillow’s Predictions

Marco Santarelli

Job Growth vs. New Construction: A vibrant job market attracts new residents, but if there aren't enough new homes being built, competition will surge, which can put upward pressure on home prices. I think the fact that it is close to other major cities in the region is also a factor.

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 Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

article thumbnail

Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

article thumbnail

Top 5 Cities Where Homes Are Selling at Record Pace in 2025

Marco Santarelli

As someone who has been watching the real estate market closely for years, I can tell you that spring is typically a busy season. If you're selling in San Jose, you need to be ready for multiple offers and a quick closing. Top 5 Housing Markets Where Homes Are Selling at Record Pace in 2025 The Spring Market is Heating Up!

article thumbnail

New-Home Sales Rise as Mortgage Rates Drop Significantly

Marco Santarelli

If so, you're probably keeping a close eye on mortgage rates. The good news is, lower mortgage rates help push new-home sales higher , and we've seen a bit of that recently. Inventory: A Mixed Bag One of the reasons new-home sales are getting a boost is the lack of existing homes available for sale.

Sales 52
article thumbnail

Warning of a Weak Housing Market: Are We Headed for Another Crisis?

Marco Santarelli

Sellers in Overbuilt Markets: Areas with an oversupply of new construction or apartments may experience price declines and longer listing times. If you're considering buying a home in this market, here's my advice: Get Pre-Approved: Know exactly how much you can afford before you start looking. What's a Buyer to Do?