Posted in home

North Texas home starts boom as builders struggle to meet buyer demand

North Texas builders scrambling to meet a flood of buyers have boosted home starts to the highest level in more than a decade.



a pile of dirt in front of a building: D-FW home starts are up by more than a third from last year.


© Ron Baselice/Staff Photographer/The Dallas Morning News/TNS
D-FW home starts are up by more than a third from last year.

Dallas-Fort Worth single-family home starts soared by more than 34% in the third quarter from a year earlier, rising in the face of the pandemic and recession. Builders started almost 13,000 local houses during the just-completed quarter, according to just-released data from Residential Strategies Inc.

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“Back when the pandemic hit, we were bracing for a pretty tough summer with all the job loss,” said Ted Wilson, principal for the Dallas-based housing consultant. “But everything opened up in May with strong sales and it has continued onward.

“It’s pretty amazing considering the backdrop of COVID.”

Wilson said the third-quarter D-FW home starts were the strongest since

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Posted in home repair

Avante Home Buyers is the Leading Home Buyer in Norfolk, VA – Press Release

Norfolk, VA – Selling a home is never going to be a straightforward process. There are repairs to be done, dealing with realtors, banks, listings, and a lot of other factors that could mean that the property is taking longer than it should before getting a buyer. Avante Home Buyers is well aware of such challenges and has now made it possible for homeowners to sell their homes without having to worry about the bureaucracies associated with the process. Clients can expect a quote in minutes when they reach out to Avante Home Buyers. The company buys houses regardless of the condition.

Avante Home Buyers is a local real estate investment firm and house buying company that offers cash for houses in Norfolk and other parts of Virginia. If you are looking to sell your house fast and want to get cash for it, we are a local company

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Posted in home

Australia to Expand First-Home Buyer Assistance to Lift Economy

(Bloomberg) — Australia will provide 10,000 extra places in a program to help first-home buyers and encourage construction as the economy recovers from the impact of the Covid-19 pandemic.



a sign on the side of a building: An advertisment for residential property is displayed on the fence of a show home at a new housing development in Melbourne, Australia, on Tuesday, Sept. 1, 2020. Australian house prices fell for a fourth consecutive month in August as a slump in the Melbourne market -- the center of a renewed Covid-19 outbreak -- weighed heavily on the national picture and expected higher unemployment continues to cloud the outlook.


© Bloomberg
An advertisment for residential property is displayed on the fence of a show home at a new housing development in Melbourne, Australia, on Tuesday, Sept. 1, 2020. Australian house prices fell for a fourth consecutive month in August as a slump in the Melbourne market — the center of a renewed Covid-19 outbreak — weighed heavily on the national picture and expected higher unemployment continues to cloud the outlook.

The First Home Loan Deposit Scheme will be expanded from Oct. 6 to support the purchase of a new or newly built home, Treasurer Josh Frydenberg said in a statement. About 20,000 people have already used the program, which allows them to purchase their first property with a deposit of

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Posted in home

Home Buyer Opendoor Is Going Public In $4.8 Billion Merger

Opendoor, an online platform that lets homeowners quickly sell their houses, announced on Tuesday that it will go public through a merger with Social Capital Hedosophia Holdings II, a shell company helmed by Chamath Palihapitiya, a venture capitalist and early Facebook executive.

The deal values Opendoor at an enterprise value of $4.8 billion, and will generate up to $1 billion in cash proceeds, the company says. Palihapitiya himself is putting $100 million into the business.

“We founded Opendoor to make it simple and instant to buy and sell a home,” Opendoor’s founder and CEO, Eric Wu, said in a statement. “This is one of many milestones towards our mission.”

Founded in 2014, Opendoor is the dominant player in the “iBuying” space, a term for start-ups that let homeowners rapidly

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