Metro East REIA
- May 16, 2021
- 1 min read

Newly Built Homes Make Up 26% of All Single-Family Homes for Sale

Redfin says new construction is taking up a bigger piece of the pie as low mortgage rates and surging homebuyer demand made homebuilding more attractive during the coronavirus pandemic. In fact, they report that newly built homes make up 26% of all single-family homes for sale – which they say is a record high. In addition, in Q1 2021, 25.7% of single-family homes for sale in America during were new-construction homes – up from 20.4% in the first quarter of last year. Continue reading HERE...

Recent Posts

See All

Your Guide to the Renter’s Bill of Rights – Parts 1 & 2

Recently, the Biden Administration released its Blueprint for the Renters Bill of Rights. On two recent episodes of the Rent Perfect Podcast, David Pickron and his General Counsel Denny Dobbins discu

Existing-Home Sales Surge 14.5% in February

The National Association of Realtors is reporting that existing home sales were up 14.5% in February to a seasonally-adjusted annual rate of 4.58 million (down 22.6% year over year). Total housing in

Federal Judge Halts Biden Administration Waters Rule in Texas & Idaho

Bloomberg Law has reported that a federal judge in Texas has issued a preliminary injunction against the Biden administration’s waters of the US rule (aka WOTUS). However, the injunction only applies