Monthly payments for new and existing homes are nearly equal due to builder incentives and stagnating prices. New home buyers saw lower rates and down payments in Q3.
Miami’s luxury real estate market shows exceptional strength with average prices at $1.13M, triple the national average. New construction and future builds command even higher premiums.
North Carolina’s housing market presents a compelling value proposition with 62,710 active listings and typical homes priced around $519,908 compared to the national average of $647,307, the Tar Heel State presents a compelling alternative to pricier markets across the country. First-time homebuyers will find plenty to love in North Carolina, where more than one-third of all listings fall below the $300,000 mark.
The housing market is facing unprecedented uncertainty and volatility headed into the spring buying season. Recent reports and data signal that the impacts are setting in.