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NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024

Housing Wire

Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. Meanwhile, he counts on home builders to ramp up new construction, as the existing-home inventory shortage lifts demand for new homes. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 482
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Buy a New Construction Home Using These 14 Tips from a Top Agent

HomeLight

Buying a new construction home can be intimidating. If decisions aren’t your thing, you might be able to buy a new construction home that is already built and ready for you to move in. Find a buyer’s agent who works with new construction. Find a Buyer's Agent to Help You Buy A New Construction Home.

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Appraising New Construction: Guidance for Follow-Up Inspections

McKissock

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. Inspectors will be hired to complete full inspections at various stages of the build. Lenders want you to confirm that the various stages are complete.

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The Data Center Boom Is Powering New Construction and Design Innovations

Propmodo

One company reported lowering the cost of building a 45-megawatt European facility by 20 percent and slashing construction time to 11 months from 17 months by using prefab building components and modular components for electrical and cooling systems. Close proximity power generation is another growing need for hyperscale data centers.

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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.

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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.

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What Are Builder Incentives? The Secret to Getting a Deal on a New-Construction Home

Realtor.com

to “Purchase before X date, and we’ll pay all of your closing costs.”. Homebuilders may offer incentives at any stage of the project’s development. Many happen at the initial launch to help generate buzz for a new community and get the first few residents on board. ” How financial incentives with builders work.