by Chris Porter | Jul 7, 2017 | For Sellers, Housing Market Updates, New Construction
The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revelations centered around the...
by Chris Porter | Jun 22, 2017 | Housing Market Updates, New Construction
Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while...
by Chris Porter | May 19, 2017 | First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction
The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to...
by Chris Porter | Mar 10, 2017 | First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction
In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this...
![New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]](http://midamericamagnolia.com/wp-content/uploads/2016/12/New-Construction-STM.jpg)
by Chris Porter | Dec 3, 2016 | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, New Construction
Some Highlights: Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase. The median home price decreased slightly from...
by Chris Porter | Oct 7, 2016 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction
The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the...
