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New-home sales hit highest level since 2021

Housing Wire

New home sales continue to be a bright spot in a dismal housing market. Census Bureau and Department of Housing and Urban Development shows new-home sales registering at a seasonally adjusted annual rate of 698,000, good for a 6.7% more than 2023 and the highest sales have been since 2021.

Sales 476
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Midwest, Northeast housing markets stay hot amid national cooldown

Housing Wire

First-time homebuyers stimulate sales, you know. New York (up 48 spots) ranked behind Philadelphia in terms of yearly improvement. Kenosha has always been kind of the engine in terms of real estate sales in southeast Wisconsin, she said. Our new listings have gone up slightly but not enough to keep up with demand.

Marketing 388
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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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Tom Davis shares non-QM opportunities to capitalize heading into 2025

Housing Wire

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory.

Investor 448
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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. ” Nikol Solares Solares brings 20 years of experience in luxury development, new construction sales and marketing to her new role.

Brokerage 370
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New home sales continue to climb in 2023

Housing Wire

New home sales started off 2023 on a positive note, rising 7.2% Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. This marks the second consecutive month of increases and the strongest sales pace since March 2022. On a year-over-year basis, however, new home sales are still down 19.4%.

Sales 459
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Sun Belt cities lead the way for new home sales

Housing Wire

As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. In March the average home sale price in the U.S. SmartAsset noted that U.S.

Sales 468