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The recent spike in mortgage rates has had a more muted effect on Washington D.C.’s new-home sales than when they started their climb from record lows in 2022.

Despite rates shooting past 7%, the average new-home sales rate has been higher than a year ago, suggesting home buyers have adjusted to the new normal and are budgeting a larger portion of their income to housing.

In the January Zonda Market Ranking, the metro area was significantly overperforming compared with its long-term historical average. Home builders are ramping up new construction, and starts activity has improved over the past six months.

Building a comprehensive website is one of the most critical tasks for any home builder. Most buyers begin searching for a new home online, and their decision to purchase occurs long before they step inside a sales center.

The National Association of Realtors’ (NAR) antitrust verdict will have a profound effect on how homes are bought, sold, and commissions are paid. The trial, formally known as the Sitzer/Burnett Commission lawsuit, saw the NAR and major real estate companies unsuccessfully defend themselves in an antitrust case. The judge ruled they conspired to drive real estate commissions higher and levied a fine just north of $1.7 billion, which could be tripled under antitrust legislation.

Choosing a reputable homebuilder in Phoenix can be a challenge. A buyer can read reviews, but where’s the information about what makes a builder unique and, more importantly, the right one for their family?

Livabl is shining the spotlight on Richmond American, one of the largest and well-known builders in the country. Richmond American builds in 16 states (as well as Washington D.C.) and has nearly 60 communities in the Phoenix metro, with 217 active listings and 45 floor plans available.

New-home sales remained strong through June despite the persistence of high mortgage rates in the economy, according to Zonda’s New Home Market Update report.

Every home buyer wants a reputable homebuilder they can trust. Phoenix is still expanding with one of the hottest markets in the U.S., and the growing demand for quality real estate is monstrous. But how does a buyer find an esteemed company in the area? 

Many home buyers get caught up crunching the numbers of the down payment and interest rates. After all, those are the costs that most of us are warned about right from the jump. But home closing costs are a critical part of the home purchase — the name alone is enough of an indicator. If you don’t finish closing, you don’t get to own the home. 

The 2024 Virtual Concept Home by Livabl is the latest project from Zonda Home and is a partnership with some of the biggest names in building, architecture, design, and home products. This unique virtual project will be shared with the public for the first time at the Pacific Coast Builders Conference (PCBC).

Budgeting for a home, especially for first-time homebuyers, is often daunting. Common sense dictates buyers should buy the house they can afford. However, that amount is going to differ for everyone. The median sales price for a new home in January 2023 was $427,500. So where do you begin to prepare, and how does a buyer stay on track? Here’s everything you need to know about how to budget for a home.

Are you a buyer overwhelmed with information when looking for the best time to buy a home? You aren’t alone. A quick search will provide advice on seasons, dates, and even days of the week that are potentially advantageous.

When moving into a brand-new home, having appropriate furniture for the new space’s scale, size, and style is essential. New furniture will make a new construction home look and feel finished and enhance usability.

Deciding that you want to buy a house is an exciting time in anyone’s life. But now you’re left with the not-so-exciting process of figuring out how you’ll come up with a down payment.

Take advantage of builder incentives. Look for discounts, financial incentives and upgrade allowances to negotiate the price of your new home

You aren’t alone if you’re wondering how to buy a condo. With soaring interest rates pricing many people out of traditional single-family homes, condo living can make much sense for the right person or family.

Should I buy a new home in 2023? With mortgage rates stabilizing and the market cooling, buyers can negotiate and weigh their options.