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In the first quarter of 2024, 93% of metros, or 205 out of 221, recorded home price gains, according to the National Association of Realtors’ latest quarterly report.

Notable inventory gains, a surge of new listings and increased activity are setting the stage for the customary peak homebuying season.

Energy efficient features—and the cost-saving benefits—are expected by today’s new-home buyers. From Energy Star certified appliances to low-E windows, new construction homes are equipped with products and materials that ensure home buyers do not have worry about wasted energy or high utility bills.

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.

Builders are reporting offering smaller homes, buying land farther from urban centers, and paring back features to help lower costs and sales prices.

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.

Tri Pointe Homes is aiming for 17% year-over-year growth in home deliveries

Understanding the marketing and sales innovations that grab the attention of luxury high-rise consumers is critical to the success of any developer.

Existing-home sales—completed transactions that include single-family homes, townhomes, condos, and co-ops—decreased 1% from November to a seasonally adjusted annual rate of 3.78 million in December, according to the National Association of Realtors (NAR).

Mortgage financing for luxury condos is a dynamic landscape, and experts in the field must unravel the trends and challenges facing developers and purchasers.

With 2023 in the rear view, the Zonda Advisory team, including chief advisory officer Tim Sullivan and principal Mollie Carmichael, recently analyzed data from over 900 master-planned communities across the country to determine the 10 top-selling master plans of last year.

A survey-high 31% of consumers expect mortgage rates to go down, according to the Fannie Mae Home Purchase Sentiment Index.

During a frustrating market of economic headwinds and high interest rates, decoding today’s luxury high-rise consumer is challenging for any developer. How does one determine what the luxury buyer wants in 2023 and beyond?

The luxury high-rise industry is limited only by its imagination was a major theme of the Elevate conference in Miami in early December, an exclusive gathering that explored the art of living in high-rise buildings. 

2023 has been a rough ride for homebuyers. Exploding interest rates caused many potential buyers to pump the brakes on diving into homeownership.