Keeping Current Matters

MARCH 17, 2021

Unemployment was under 4% , forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Businesses and schools were forced to close, shelter-in-place mandates were enacted, and the economy came to a screeching halt.

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Construction New Construction Residential Industrial 291

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. The majority of the supply of homes for sale come from existing homes, not new construction.

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Construction New Construction Equity Sales 511

Realtor.com

NOVEMBER 17, 2022

Compare that with a preexisting home’s median price of $396,300 , and it’s clear that buying brand-new might set you back tens of thousands of dollars extra. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

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Housing Wire

FEBRUARY 8, 2024

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales.

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HomeLight

OCTOBER 26, 2022

According to Florida’s Office of Economic and Demographic Research, the state gained approximately 329,000 new residents between April 2020 and April 2021. New construction is growing just as fast to accommodate the influx — in 2021, 213,494 new housing units were authorized in Florida and nearly 70% were single family homes.

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Housing Wire

JUNE 29, 2021

Otay Ranch, in particular, is close to valleys and parks which have had brush fires in the past. Of the 2,546 residential properties in Otay Ranch, 942—or nearly 40% of them—possess high hazard risk.

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Realtor.com

JANUARY 2, 2023

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.

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Realty Biz

JUNE 15, 2021

Residential construction in the U.S. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these high-profile developments: 1000M – Chicago, IL. 505 – Nashville, TN.

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Realty Biz

MARCH 1, 2022

residential real estate market. Crude oil prices and inflation must be watched closely. What could prove interesting is that the effect could be felt on both the supply and demand side of the residential real estate market. That can not be good for the residential real estate market as a whole.

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Residential Construction Investor New Construction 85

Redfin

AUGUST 25, 2020

Meanwhile, the supply of new-construction homes for sale slid 28.4%, representing the largest drop since at least 2013, when Redfin began recording this data. Sales of new homes are also on the rise because the coronavirus pandemic is fueling interest in the suburbs—where there tends to be more space to build new homes.”.

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New Construction Construction Sales Residential 69

Realtor.com

NOVEMBER 7, 2022

to “Purchase before X date, and we’ll pay all of your closing costs.”. Many happen at the initial launch to help generate buzz for a new community and get the first few residents on board. Builders often work closely with certain lenders because they want to know that the loan will close without delay once the home is completed.

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Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

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New Construction Construction Inspection Finance 52

Marco Santarelli

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. They are the owner and seller.

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New Construction Construction Probate sale Investor 52

The Residential Specialist

FEBRUARY 27, 2024

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. New construction is always seen as much more expensive.

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Construction Inspection New Construction Residential 97

Realty Biz

AUGUST 3, 2021

Silverton Mortgage , a leading direct residential mortgage lender, announced its newest partnership with clover & hive , a new home builder that offers a modernized and simplified approach to home buying with pricing starting in the low $300s. This way, loans close faster, and you know what’s going on every step of the way.

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Realty Biz

DECEMBER 23, 2020

Setting up a hotel is very much a commercial investment rather than a residential investment. This can be the best time to make new investments if you don’t need immediate income from the property (that is the case when beginning new construction). However, very little new construction is occurring.

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New Construction Construction Investor Commercial 98

Realtor.com

SEPTEMBER 18, 2020

A home inspection “is a few hundred dollars for your peace of mind,” says Jean Rosalia , a residential and commercial real estate agent based in Virginia Beach, VA. Generally, waiving a home inspection is done to speed up the closing process. Should you waive inspections in a condo or new-build home? What about condos?

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Inspection Earnest money deposit Inspection contingency New Construction 145

Marco Santarelli

OCTOBER 26, 2023

Buyers and sellers are closely watching mortgage rates. This migration is contributing to job formation and strengthening both residential and commercial sectors. Lisa Hill, a broker-associate, suggests that buyers should consider new construction due to low inventory.

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Marketing New Construction Residential Construction 96

HomeLight

MARCH 31, 2022

Jon Ahern , a real estate agent in San Francisco’s Bay Area, often works with clients who are tearing down properties to make room for new construction — an approach that can have significant tax benefits that make it easier to afford a new house, he says. It’s important to pay close attention to those ancillary costs.

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Construction New Construction Land Finance 144

HomeLight

AUGUST 11, 2023

An offer to purchase real estate, also called a real estate purchase contract or a residential purchase agreement, is a legal agreement that identifies the seller(s) and the buyer(s), but it stipulates much more than just the final price. Here’s a sample form , but these documents can vary depending on the type of property and where you live.

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Purchase and sale agreement Earnest money deposit Residential New Construction 98

HomeLight

JANUARY 31, 2023

When it comes to purchasing a home, there are plenty of reasons why buyers might have their eye on a new construction property rather than an existing house. Land sales for residential use were also up, accounting for 4% of all residential real estate sales in 2021. increase over 2021’s land value of $5,300 per acre.

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New Construction Land Construction Agents 105

RIS Media

MAY 17, 2021

. “What an amazing year for real estate, but…it’s been a difficult year on many fronts…fortunately, it looks like we are very close to getting back to normal,” said Lawrence Yun, chief economist for the National Association of REALTORS® (NAR). A winding down of mortgage forbearance appears to be on the horizon as well.

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Marketing New Construction Mortgages Title 116

RIS Media

JANUARY 26, 2022

The seasonally adjusted estimate of new homes for sale at the close of December was 403,000, which is a six-month supply of inventory, assuming current sales rates. Although new homes for sale appear to be more plentiful than existing homes, there are signs that the inventory crunch is holding back sales for new construction as well.

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The Residential Specialist

FEBRUARY 26, 2021

That’s one of the most compelling things about doing new construction: seeing the structure rise from nothing.”. The new construction market is surging, as marketing research firm Zonda reports that 90% of builders raised prices on new construction homes between September and October 2020. Make time to meet.

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HomeLight

JUNE 21, 2021

Buying a house is always an emotional cocktail of excitement and stress, but doubly so when it’s a new-construction home. Download Your New Home Inspection Checklist! Get your checklist outlining the primary steps in the most critical new construction inspections.

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Broke Agent Media

APRIL 6, 2023

offer an exemplary mix of diverse residential options, a thriving business environment, and popular lifestyle amenities: Edina, MN Falls Church, VA Palo Alto, CA Edina, MN —situated in the Minneapolis-St. Downers Grove, IL 12. Burr Ridge, IL 13. Vernon Hills, IL 14. Boca Raton, FL 15. Menlo Park, CA 16. Lake Oswego, OR 17. Secaucus, NJ 18.

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Residential Construction New Construction Industrial 98

RIS Media

JUNE 16, 2021

. “Single-family starts held firm in May as demand remains strong despite recent gains in new-home costs. However, single-family permits posted a decline as higher construction costs are deterring some residential construction activity. Single-family starts came in close to a 1.1-million-unit

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Construction New Construction Industrial Residential 98

RIS Media

JULY 10, 2021

Weinberg Choi Residential. An RISMedia 2021 Newsmaker , Choi is owner and co-founder of the Weinberg Choi Residential team and owner of the Keller Williams ONEChicago network. Granted, some of that is new construction, but even without that, you had a year of inventory. VITALS: Tommy Choi. Keller Williams ONEChicago.

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Residential New Construction Construction Industrial 98

RIS Media

JULY 9, 2021

There’s a serious mismatch of supply and demand within residential real estate. Not only are there not enough new homes to fill the needs of millennials, but the condition of the homes in existence doesn’t meet consumer preferences. There’s more demand than supply for new construction.

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Agents Construction Brokerage New Construction 105

The Residential Specialist

AUGUST 31, 2023

Experts offer strategies to help clients who need to buy their next home before the sale of their original home is final By Myrna Traylor There are many reasons why a seller might want to secure the purchase of a new primary home before selling their current residence. I just did that for a transaction we closed on yesterday.

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Earnest money deposit Debt-to-income ratio New Construction Equity 98

Realty Biz

DECEMBER 31, 2020

Even if significant new construction begins in the next couple of months (unlikely), it won’t create an increase in inventory until at least late 2021. You must have your financing preapproved and be working with a lender that will close the deal quickly. Expect bidding wars. Please comment.

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Inspection contingency Inspection Closing Loans 110

RIS Media

FEBRUARY 3, 2022

As 2021 came to a close, homeownership and residential vacancy rate experienced slight improvements in the final months, according to recent reports from the U.S. Census Bureau. The Census Bureau announced on Jan. 3 that the U.S. homeownership rate came in at 65.5% in Q4 2020.

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New Construction Residential Construction Sales 98

Realtor.com

JANUARY 27, 2021

Often, the ultimate buyer of a flip expects the home to compare with existing homes—or even new construction—in quality and value,” says Greg Kurzner , a Realtor ® for ERA Atlantic Reality in Alpharetta, GA. Be extremely organized, and document every purchase order, utility bill, and closing fee that’s involved in the project.

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HomeLight

JANUARY 31, 2023

Find a Buyer's Agent To help you navigate the ins and outs of building in North Carolina, we spoke with Thomas Wohl , a highly-ranked real estate agent serving the Raleigh-Durham-Chapel Hill region with 29 years of experience, specializing in new construction, first-time home buyers, and relocations. per square foot.

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HomeLight

MAY 19, 2021

Common zoning designations include: Residential: Areas designated for single-family homes. You’ll want to pay close attention to the details and take note of anything that isn’t what you discussed or approved with your contractor. Step 35: Closing. Industrial: Areas designated for factories. Step 34: Final walkthrough.

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Construction Inspection Land New Construction 111

Realty Biz

DECEMBER 21, 2021

He has lived in Yuma since 2003 and has a diverse background and knowledge in residential and commercial construction, commercial and new construction sales, and more. With extensive experience in residential and commercial real estate, Justin Winson works with both buyers and sellers. Valentine J. portfolios.

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Agents Commercial Residential New Construction 106

McKissock

NOVEMBER 20, 2020

Become a certified residential or certified general appraiser. Appraising a custom luxury home is a complex residential appraisal assignment. So, at a minimum, you must be a certified residential or certified general appraiser. Here are helpful tips on how to become a luxury real estate appraiser.

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Residential New Construction Days on market Construction 72