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New Construction vs. Existing Home: Which Is Better to Buy?

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Key Takeaways New construction pros : Modern design, built-in energy efficiency, lower initial maintenance, and custom finish options. Existing home pros : Faster move-in timelines, lower average upfront costs, unique architectural variety, and established neighborhoods. The deciding factor : Choose based on your budget flexibility, style preference, desired move-in timeline, and willingness to manage immediate home repairs. The decision between new construction and an existing home can be a difficult one for both first-time buyers and seasoned property owners alike. Whether you’re looking for your new-build dream home in Albuquerque, NM or a charming vacation house in Hilton Head Island, SC , this Redfin real estate article covers all the pros and cons to help you determine if it’s better to buy a new construction or existing home so you don’t have any buyer’s remorse. What is a new construction home? A new construction home is a newly built house that hasn’t been lived in ...

Lake County, IL Housing Market Update: June 2026

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Key Takeaways Lake County prices outpaced the nation by a wide margin in June. The median sale price rose 6% year over year to $443,748, nearly triple the national rate of price growth. Pending sales jumped 13% year over year—the strongest monthly gain in over a year—even as inventory grew 6% and new listings surged 17%. More than half of homes sold above list price, and the typical listing went under contract within two weeks, signaling persistent buyer urgency. Lake County, IL Housing Market Snapshot Median Sale Price Pending Sales Active Listings Days on Market Sold Above List $443,748 (+6.3% YoY) 1,077 (+13.3% YoY) 3,251 (+5.6% YoY) 46 days (+1 day YoY) 51.1% (-2.5 ppt YoY) Lake County’s housing market picked up speed in June. Prices posted their fastest annual gain since early 2025, pending sales surged by double digits, and homes continued to sell above asking. A meaningful increase in new listings gave buyers more to choose from, but demand absorbed...

How to Price Your Home For Sale Without Leaving Money on the Table

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Setting the right price for your home is one of the most critical decisions you’ll make when selling. Set the price too high, and your home may sit on the market, forcing price cuts later. Price too low, and you risk leaving money on the table. Whether you’re selling a home in Los Angeles , a home in Tampa , or anywhere in between, finding the right price is key. This Redfin guide walks you through the key factors to consider and the steps to take to price your home to sell in today’s market. Key takeaways Pricing at or just below market value can help your home sell faster. Use a home value estimator and CMA to set a competitive price. Overpricing can lead to longer listing times and price cuts. Align your pricing strategy with local market conditions and demand. Pricing your home right from the start is crucial There’s no second chance at a first impression. The first few weeks your home is on the market are the most critical for attracting buyers. “It’s im...

How to Choose the Right Neighborhood: 8 Tips for Success

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Buying a home is an exciting time, filled with possibilities and decisions. While the features of the house itself are important, another big decision you’ll face is determining where to live . The right neighborhood becomes the backdrop for your daily life and ultimately defines your sense of home. It’s time to move beyond the general location and learn more about the community.  Whether you’re finding a home in Newport, RI or Boston, MA , this guide will give you some best tips on how to choose the right neighborhood. Ready to find the setting for your next chapter? Let’s get started. Choosing the right neighborhood Selecting a neighborhood starts with thoughtful research and a clear understanding of your needs. That means evaluating your priorities, using online resources, and even visiting the neighborhood in person. Start by considering what matters most to you, whether it’s great schools, close proximity to work, or a social community. For guidance a...

How to Sell a House in 2026

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Key Takeaways Selling a house in 2026 requires flexibility, patience, and a great first impression . Buyers today have leverage in most markets, making pricing, presentation, and negotiation more important than ever. Homes are taking nearly twice as long to go under contract as they did during the pandemic.  Sellers today have more options than ever, including listing privately, on the MLS, as-is, for-sale-by-owner, or selling to a cash buyer or iBuyer. Selling your home is a major milestone, whether you’re relocating, downsizing, or just ready for something new. The process can feel overwhelming, especially in today’s buyer-friendly market , but it doesn’t have to. With the right strategy, know-how, and guidance, you can sell with more confidence and for a better price. This step-by-step guide covers everything you need to know about selling your house—from prepping and pricing, to marketing and negotiating. From Redfin’s Chief Economist “If you want to sell your house in 20...