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Developers Are Betting Big On These 10 Housing Markets

Inman Connect
Housing markets across the U.S. are booming with high demand and low inventory, and it’s sent land prices into a frenzy.
Land is a hot commodity right now, as the lack of homes for sale continues to push affordable housing out of reach for many first-time homebuyers and low-wage workers.
According to a report by the National Association of Realtors (NAR), the U.S. fell short of an estimated 5.5 million new units from 2001 to 2020 compared to 1968 to 2000. When the housing boom cemented last year, supply began severely underserving demand.
“When housing demand really accelerated in May, June and July of last year with historically low interest rates, the industry couldn’t simply turn on a dime and suddenly build 30 percent more than they were a quarter, or a year ago,” Robert Dietz, a chief economist at the National Association of Home Builders, told Inman. ....

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Can the Housing Market Get Any Hotter or Is It Cooling Off?

SavingAdvice.com Blog
Are you trying to buy a house? If so, you are likely familiar with how quickly houses are currently selling. Buyers have sometimes only minutes to decide if they want to buy a particular house, and competition is fierce. Many houses in especially hot markets like California are selling far over their listing price. Desperate buyers are even offering to forego house inspections in their urgent desire to buy a home. This kind of a crazy market begs the question, can the housing market get any hotter or is it cooling off?
Factors Creating the Hot Housing Market ....

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BuzzBuzzHome Acquired By New Home Data Provider Zonda

Zonda, a provider of data intelligence and engagement tools to the homebuilding industry, is scaling up its capabilities through a string of acquisitions. ....

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Zonda Acquires Canadian Listings Platform, BuzzBuzzHome

Zonda Acquires Canadian Listings Platform, BuzzBuzzHome
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Zonda today announced the acquisition of BuzzBuzzHome, a Toronto-based online real estate listings portal serving the new residential construction market. This new expansion into the Canadian market represents a transformative step in Zonda’s journey to become a leading provider of residential real estate information focusing on the new home market. The acquisition of BuzzBuzzHome follows the recent acquisition of Vancouver-based Urban Analytics earlier this month, which expanded Zonda’s data capabilities into the urban and multi-family markets.
Bringing BuzzBuzzHome under our umbrella uniquely expands our presence in the Canadian market and we are excited about how this collaboration will continue to grow our offerings for our customers and the entire homebuilding industry. - Jeff Meyers, CEO, Zonda ....

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Zonda buys Canadian listings platform BuzzBuzzHome

Zonda buys Canadian listings platform BuzzBuzzHome
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