Realtor.com, Santa Clara, Calif., released its New Construction Quarterly Report, finding that newly built homes are starting to become more affordable–the median list price for Q1 2025 was $448,393, down 0.3% year-over-year.
Tag: New Construction
Record-High 3Q Homes for Sale New Construction
Redfin, Seattle, reported new construction took up a record percentage of housing inventory in the third quarter, partly filling a gap left by hesitant existing homeowners as the housing market slows.
Most Americans Cannot Afford a New Construction Home
A new analysis by Knock, New York, a digital homeownership platform, reported most American households are being priced out of the new home market even as builders shift their focus to smaller homes to accommodate the entry-level market.
(#MBA Live) Housing, Mortgage Markets Show Resiliency, Agility
With all that has hit the mortgage industry over the past several months, Mortgage Bankers Association Chief Economist Mike Fratantoni has a positive message for mortgage lenders and servicers: “It seems like the industry has done a fantastic job of finding solutions in this crazy environment,” Fratantoni said yesterday during MBA Live: Technology Solutions Conference.