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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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Should You Buy an Existing Home or New Construction?

Keeping Current Matters

With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one. New Construction .

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Zillow launches consumer-generated builder review feature

Housing Wire

Buyer-generated content, including consumer reviews of builders, is now available on Zillow and will be viewable on builder profiles, community pages and paid new construction listings. In July, Zillow home shoppers expressed more interest in designing a new home, with page views in July to paid new construction listings up 81%.

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MA lawmakers debate rent control as agents push for new construction

Housing Wire

Kathy Hochul has been pushing the state’s government to override local zoning laws and mandate more housing construction in the state’s suburban counties. Jay Inslee signed a series of bills designed to encourage more affordable housing construction, with a focus on the elimination of single-family zoning.

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Struggling To Find a Home To Buy? New Construction May Be an Option.

Keeping Current Matters

Buying a new construction vs. existing home typically means you’ll have fewer repairs to do. With decades of homes to choose from, you’ll have a broader range of floorplans and designs available. If you value timeless craftsmanship or design elements, you may prefer an existing home. New Construction May Be an Option.

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The Southern housing markets poised to become boomtowns

Housing Wire

in new construction, 7.2% 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. Lakeland measured 4.6% in land use change, 0.8% in builder/developer land, 4% in recent build and 1.1% in recent permits.

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Zonda announces major business acquisition

Housing Wire

By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. The acquisition marks a milestone in Zonda’s path to streamlining the new home shopping process. new home listings.