by Susanne Novak | Feb 14, 2022 | Buyer Tips
Despite of a massive increase in building permits and new home construction, not enough homes are being built to meet demand. That’s one of the core findings of new research from realtor.com. The Housing Supply Gap Expands in 2021 New households are formed at a...
by Susanne Novak | Aug 23, 2021 | Buyer Tips
A sharp rise in building permits and a decline in buyer traffic at model homes gives you more choice with less competition when you build new. However, the price of new construction is not going to drop anytime soon. Here are the details … Building Permits Rise...
by Susanne Novak | Jun 14, 2021 | Buyer Tips, Trends
The average price of a new construction home was $378,850 in April. That’s roughly $87,000 more than the average price of an existing home (which was $291,900). There are five reasons why new homes are more expensive than existing homes, and why prices are...
by Susanne Novak | Mar 8, 2021 | Buyer Tips, Trends
Last Friday, two of my clients signed contracts on new construction homes. One was lucky and got the last market home in their preferred MI subdivision. The other couple missed out on an inventory home they really liked. It was snatched up by another buyer the morning...
by Susanne Novak | Feb 15, 2021 | Buyer Tips, Neighborhoods
Commercial real estate was somewhat depressed due to the pandemic. Residential construction on the other hand has been booming. We saw a 27% increase in single and multi-family construction in 2020 over the previous year. That’s the most activity since 2010. New...
