Scott Carlson’s Post

Plot twist: You're looking to buy a home and realize new construction could help you save in a big way. According to the latest data drop from the Census and the National Association of Realtors (NAR), the median sales price for newly built homes is currently lower than the median sales price for existing homes today. 👀 ↓ 💵 The quick breakdown: • BUILDERS are focused on building what they can sell. And right now, the market is demanding smaller, more affordable homes. • HOWEVER, there are a ton of newly built homes already on the market, so builders are motivated to make sure they’re selling what they’ve got available before adding more. • WHICH MEANS, builders are offering a range of incentives to help move inventory, including competitive mortgage rates, covering closing costs, free finish upgrades, and more. Buying a newly built home just might be the perfect fit for your needs and your budget. What do you think? Would you consider buying new?

Plot twist: You're looking to buy a home and realize new construction could help you save in a big way. According to the latest data drop from the Census and the National Association of Realtors (NAR), the median sales price for newly built homes is currently lower than the median sales price for existing homes today. 👀 ↓ 💵 The quick breakdown: • BUILDERS are focused on building what they can sell. And right now, the market is demanding smaller, more affordable homes. • HOWEVER, there are a ton of newly built homes already on the market, so builders are motivated to make sure they’re selling what they’ve got available before adding more. • WHICH MEANS, builders are offering a range of incentives to help move inventory, including competitive mortgage rates, covering closing costs, free finish upgrades, and more. Buying a newly built home just might be the perfect fit for your needs and your budget. What do you think? Would you consider buying new?

🏡 September 2024 Triangle Market Update 🏡 New construction homes are on the rise in suburban areas like Apex, Cary, and Wake Forest as builders respond to increasing demand. Meanwhile, mortgage rates are stabilizing, offering buyers a more predictable market environment. This could be a great opportunity for those who’ve been waiting to make a move. 📊 Wake County Stats (August 2024 vs. August 2023): • +6.3% increase in new listings • -10.2% decrease in closed sales • +0.8% rise in median sales price With inventory up 17.1% and days on the market dropping by 50%, it’s clear we’re seeing shifts in the local market. If you’re curious about how this impacts your home buying or selling strategy, let’s chat! 📲 #realestate #marketupdate #markosunrealestate #trianglearea #ncrealestate

📊 August 2024 Wisconsin Real Estate Report: Tighter inventories and higher prices defined the Wisconsin real estate market in August. With fewer new listings, the statewide median price surged by 8% to $324,000, while existing home sales dipped by 4.7%. Despite these challenges, sales through August remain 5.3% stronger compared to last year. 🔑 Key Takeaways: - Median home price rose 8% to $324,000. - Home sales saw a 4.7% decline. - Mortgage rates dropped to 6.5%, down from 6.85% in July. - Affordability remains a concern as price appreciation continues. For more insights, check out the full report! https://lnkd.in/gY_4cPrS #WisconsinRealEstate #MarketTrends #HomeSales #KerstenRealty #RealEstateUpdate

We released our Zonda New Home Market Update for April today. It was generally a good month, with the new home market categorized as slightly overperforming. Highlights from the report include: - Sales rose 4.8% compared to last year with prices down slightly in the entry-level and move-up markets and up 0.2% YOY for high-end homes. - 58% of builders are offering incentives, still led by mortgage rate buydowns. Our builder survey shows the majority of buydowns get the rate between the mid-5%s and high-5%s. - Community count levels are up 2.7% YOY, but still down 25% from 2019. Public builder earnings calls suggest community levels should bottom over the next 12 months. You can read more here: https://lnkd.in/gvNHnCUH #housing #housingmarket #realestate Tim Sullivan Sean Fergus Sarah Bonnarens Trevor Tetzlaff Bryan Glasshagel Keith Hughes Evan F. Mark Zawistoski Dan Fulton Larry Buckner Susan Heffron

Plot twist: You're looking to buy a home and realize new construction could help you save in a big way. According to the latest data drop from the Census and the National Association of Realtors (NAR), the median sales price for newly built homes is currently lower than the median sales price for existing homes today. 👀 ↓ 💵 The quick breakdown: • BUILDERS are focused on building what they can sell. And right now, the market is demanding smaller, more affordable homes. • HOWEVER, there are a ton of newly built homes already on the market, so builders are motivated to make sure they’re selling what they’ve got available before adding more. • WHICH MEANS, builders are offering a range of incentives to help move inventory, including competitive mortgage rates, covering closing costs, free finish upgrades, and more. Buying a newly built home just might be the perfect fit for your needs and your budget. What do you think? Would you consider buying new? 𝐁𝐮𝐲 𝐰𝐢𝐭𝐡 𝐁𝐫𝐢 • 𝐋𝐢𝐬𝐭 𝐰/ 𝐋𝐨𝐦𝐛𝐚𝐫𝐝𝐨 914.907.9173 [email protected] LET'S PLAN YOUR NEXT MOVE®

*HOUSING MARKET UPDATE* Realtors® are seeing multiple-offer scenarios as the housing market heats up statewide. Despite 30-year fixed mortgage rates averaging above 6.5% this spring, sales are increasing along with new listings. This suggests that buyers are adjusting to the new normal. We’re returning to pre-pandemic levels in sales and listings—even though inventory remains tight. What’s the biggest difference between today’s market vs. 2019? Higher home prices. Rising prices continue to impact affordability, particularly for first-time buyers—so it’s important for shoppers to get their finances in order when entering the spring market. Minneapolis Area REALTORS® President Jamar Hardy told Axios, “Any well-priced, entry-level home in the metro is getting a lot of showings right out the gate.” It’s better to be over-prepared, say experts. Realtors® can guide buyers through this complex emotional and financial process. Read more here: https://bit.ly/4990g6w #MNRMarketMonday #MNRealEstate

Builders are responding to soaring home prices by increasing incentives, with 60% now offering deals, leading to a nearly 12% rise in single-family housing starts in February. In response to buyer concerns, builders are offering funds toward closing costs, home upgrades, and even reducing prices for the first time since July 2023. Despite inflation and material costs, builders remain optimistic, with confidence levels hitting an eight-month high in March. Anticipated falling mortgage rates are expected to attract more buyers into the market, reinforcing builders' efforts to make homeownership more attainable. NAR | Real Estate News #NKRealEstateGroup #realestatenews #homebuyertips #homesellingtip

The recent insights from the National Association of Home Builders reveal some troubling truths about the state of the housing market. Homebuilder confidence in November experienced a slight increase to 46, indicating cautious optimism. However, we are still facing a significant housing shortage—between 2.5 million and 7 million homes short over the past decade. At a time when the industry's focus on building is critical, we also recognize the ongoing impact of high mortgage rates. Economist Danielle Hale emphasizes that as builders explore strategies like mortgage rate buydowns and creative incentives to attract buyers, underlying affordability challenges persist. Despite these learner companies’ efforts, it’s high mortgage rates that stand out as the biggest hurdle to homeownership. As industry professionals, embracing innovative construction practices in the face of labor shortages and regulatory constraints will be essential. It’s crucial to remain engaged in dialogues about improving home affordability as we navigate this complex landscape. Are we doing enough? What solutions do you think would effectively tackle the ongoing issues in our housing market? I would love to hear your thoughts. #MortgageRates #HomeAffordability #HousingMarket #RealEstate #ConstructionStrategies #NAHB #MarketInsights

HOUSING MARKET UPDATE I wanted to provide friends with an update on the current state of the real estate market. Unfortunately, recent trends indicate a worsening situation in the housing market. Affordability continues to be a significant challenge for many prospective buyers. Rising home prices, coupled with increasing mortgage rates, are putting additional strain on buyers' budgets and limiting their purchasing power. For sellers, the market remains favorable regarding receiving strong offers and quick sales if done correctly. However, it's essential to approach the market strategically and realistically in pricing your property to attract the right buyers in the current environment. As your trusted real estate advisors, we're here to navigate these challenging conditions with you. Whether you're buying, selling, or simply monitoring the market, we're committed to providing you with expert guidance and support every step of the way. Please don't hesitate to reach out if you have any questions or want to discuss your specific real estate goals. We're here to help you navigate this evolving market with confidence and success. Let's connect and schedule a chat below. https://lnkd.in/gKkwhU7X Connect on social media and more. https://linqapp.com/DanMax #RealEstateMarket #HousingMarket #MarketUpdate #HomeSales #RealEstateTrends