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The pace of new-home sales accelerated in April on a month-over-month and year-over-year basis as three in five builders reported demand is either on track or stronger than they expected, according to the latest Zonda New Home Market Update.

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.

Homebuyers seeking to put down roots in Texas are discovering a new masterplanned community with a strong focus on people, community, and building neighborly connections.

Indigo is based in Fort Bend County and broke ground on its first phase in early 2023. The neighborhood will be 235 acres and is surrounded by cities such as Richmond and Sugar Land. The centerpiece of the community is a working farm (42 acres of the development are devoted to agricultural needs). There’s also a 25-acre lake and a 12-acre mixed use town center.

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.

The drop of mortgage rates by more than 100 basis points since their peak at 7.8% has translated into savings of approximately $366 every month, according to analysis by Realtor.com. The calculation assumes a median price of $414,000 and a 10% down payment, which results in an average monthly payment of approximately $2,385.

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.

As the housing market navigates affordability challenges, rising loan limits offer hope for home buyers.

The Federal Housing Administration (FHA) and Federal Housing Financing Agency (FHFA) announced their new loan limits for 2024.

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

Home sales aligned with expectations in October. While sales were cooler than September, the rate of sales was well above levels a year ago, according to the October New Home Market Update report from Zonda.

Frustration toward housing affordability and inflation concerns continued to weigh down consumer sentiment in October.

With 30-year fixed-rate mortgages climbing toward 8% and limited inventory available, there is plenty to be scared of in the housing market for prospective buyers. In honor of Halloween, Point2Homes analyzed the largest 200 housing markets in the country to determine the scariest markets, based on median price, year-over-year differential in home prices, differences in for-sale inventory, and fewest days on the market.

Sales of new single‐family houses in September were at a seasonally adjusted annual rate of 759,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.3% above the revised August rate of 676,000 and is 33.9% above the September 2022 estimate of 567,000.