May 11, 2025 - 09:49
Prices for new homes have decreased in one-third of major cities over the past year, offering some relief to potential buyers amid rising interest rates and economic uncertainty. This trend appears to be driven by builders shifting their focus towards smaller floor plans, which are more affordable and cater to a growing demand for budget-friendly housing options.
In cities where prices have dropped, the reductions range significantly, reflecting local market conditions and the strategies employed by builders. Many developers are recognizing the need to adapt to changing buyer preferences, particularly as more individuals and families seek homes that provide value without excessive space.
As a result, these smaller homes are not only appealing to first-time buyers but also to those looking to downsize. With the ongoing fluctuations in the housing market, the trend of decreasing prices for newly constructed homes may continue, potentially reshaping the landscape of residential real estate in urban areas.
June 24, 2025 - 06:13
Goldman Sachs Appoints Aekloveya Shyam as Head of M&A in Global Real EstateGoldman Sachs has made a significant leadership change by appointing Aekloveya Shyam as the new head of mergers and acquisitions (M&A) within its Global Real Estate Group. This decision was...
June 23, 2025 - 23:14
Katherine Cruz Elevated to Engineering Manager at Hancock AssociatesDanvers, MA—Hancock Associates has announced the promotion of Katherine Cruz, P.E., LEED AP, to the position of Engineering Manager. Known affectionately as `Katie` among her colleagues, Cruz has...
June 23, 2025 - 11:48
Will the US-Iran War Trigger an Economic Crisis in America?As tensions escalate between the United States and Iran, concerns are mounting about the potential repercussions on the American economy. Analysts warn that a prolonged conflict could lead to...
June 22, 2025 - 21:27
This Week's Most Sought-After Brooklyn Properties: A Focus on Ditmas ParkIn the latest round-up of popular Brooklyn listings, attention has shifted to an array of charming properties, including a notable Colonial Revival home in Ditmas Park. These listings showcase the...