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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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5 lessons we learned at the HW Economic Summit – and why we consider it a ‘must attend’

Housing Wire

With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. Additionally, rate buy-down incentives are playing a major role in helping move new home inventory.

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Compass strikes again with leadership changes in the Southeast

Housing Wire

The future of Compass is bright, and we look forward to continuing to provide the industry-leading tools, technology, and support our agents need to excel as the demand for luxury properties continues to rise.” ” Vellano also offers decades of experience in his new role.

Brokerage 369
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New home sales rose 12% in May

Housing Wire

New home sales in May rose 12.2% Sales of new single‐family houses came in at a seasonally adjusted annual rate of 763,000, according to estimates released jointly Tuesday by the U.S. They now supply about 30% of the residential sales market. The average sales price for new homes was $487,300.

Sales 370
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Home prices are cooling, and condos in Florida are experiencing a deep freeze

Housing Wire

That’s according to the latest Mortgage Monitor report from ICE Mortgage Technology. ICE says that with the current rate of improvement, the market would be on pace to return to pre-pandemic for-sale inventory levels in the back half of 2026. since mid-March.

FHA loan 243
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Opinion: why innovation in a builder matters to homebuyers

Housing Wire

While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search.

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Rechat forms tech partnership with Peerage Realty Partners

Housing Wire

Real estate technology firm Rechat announced a strategic partnership on Monday with Peerage Realty Partners that aims to expand tech tool and service offerings for Peerage agents and brokers. ” Peerage Realty Partners serves luxury home markets through 206 offices and 6,100 sales representatives across the U.S. and Canada. .”