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New Homes

All articles tagged with #new homes

real-estate4 months ago•7 min saved

Old Homes Outpricing New Builds in 2025 Amid Market Shifts

The U.S. housing market has experienced an unusual trend where new homes are now selling for less than existing homes due to builder incentives, smaller home sizes, and market dynamics, a reversal of the long-standing pattern. This shift is driven by builders offering discounts to move inventory, smaller and more affordable homes, and demographic changes, but is expected to normalize as inventory levels adjust and builders realign their strategies.

via Forbes|

#builder-incentives #existing-homes #housing-market

real-estate5 months ago•5 min saved

U.S. New Home Inventory Surges to 2007 Levels Amidst Rising Prices and Slowing Sales

The US housing market is experiencing a significant increase in new home inventory, reaching levels not seen since 2007, especially in the South, with prices falling and sales declining. Homebuilders are reducing prices and incentives to stimulate demand amid a market correction, leading to lower profits and a glut of supply, contradicting the media's narrative of a housing shortage.

via Wolf Street|

#home-prices #homebuilder-profits #housing-inventory

real-estate2 years ago•3 min saved

October's Higher Mortgage Rates Spook Homebuyers, Slowing New Home Sales

Higher mortgage rates in October led to a decrease in demand for newly built homes, with sales dropping 5.6% compared to September. The spike in mortgage rates during the late summer spooked budget-conscious buyers, resulting in a decline in sales activity. However, experts predict a recovery in new home sales by December as mortgage rates have started to retreat. Existing home sales also suffered a blow due to higher borrowing costs and a lack of inventory. While larger homebuilders have been offering below-market-rate home loans to offset rates, smaller builders have been less optimistic and have resorted to cutting home prices. Overall, new home demand remains sluggish for private builders.

via Yahoo Finance|

#homebuyers #inventory #mortgage-rates

real-estate2 years ago•3 min saved

Finding the Perfect Mortgage: Tips for Low Rates and Smart Homebuying

Aspiring homeowners who are deterred by high mortgage rates can still find newly built homes with a 4% mortgage rate, thanks to sales incentives offered by home builders. By paying points or mortgage rate buydowns, builders are reducing the mortgage rate and monthly payments for buyers. Additionally, some builders are dropping asking prices on homes to boost demand. However, price cuts often come with smaller home sizes. While existing-home sales have declined, sales of newly built homes have increased, partly due to these incentives.

via MarketWatch|

#home-buyers #mortgage-rates #new-homes

real-estate2 years ago•0 min saved

Zillow and Redfin Join Forces to Streamline Home Buying Experience

Zillow and Redfin, two housing technology companies, are teaming up to capitalize on the booming sales of new homes by helping people find them. This partnership aims to boost their businesses and take advantage of the current trend in new construction.

via Barron's|

#construction-trend #housing-technology #new-homes

real-estate2 years ago•2 min saved

The Surprising Shift in Home Prices: Old vs. New

The cost of older homes in the U.S. has caught up to that of new properties, with existing homes now costing a median of $416,000, the same as new homes. This shift is due to the sharp rise in prices for older homes during the pandemic and the recent increase in mortgage rates. Homeowners are hesitant to sell their homes and give up their low mortgage rates, leading to a decrease in available homes on the market. As a result, the supply of properties has fallen sharply, driving up prices. Renting a condo or townhouse has become a more affordable option for those looking to move, while the market for new homes is booming.

via CBS News|

#existing-homes #home-prices #housing-market

real-estate2 years ago•4 min saved

May Homebuyers Continue to Snatch Up Limited Housing Options

Homebuyers turned to newly built homes in May due to limited options in the resale market, driving sales for builders higher. However, the supply of new builds is shrinking, adding to the historically bad inventory challenges in the housing market. Affordability remains a problem, with only 45.6% of new and existing homes sold between January and March being affordable to families earning $96,300. Ongoing labor shortages and a shortage of distribution transformers could threaten to delay progress and keep affordability low heading into the summer.

via Yahoo Finance|

#affordability #construction-industry #homebuyers