While the early adopters of these market expansions set their new limits at $845,000, Pennymac is going up to $850,000 and UMW to $847,440 for one-unit homes.

Key takeaways Home prices are high largely due to a long-term housing shortage – an issue stemming from decades of underbuilding. Strict zoning laws and investor activity are also limiting supply and shaping the market. A supply-driven feedback loop is keeping prices elevated as buyers and sellers s

The best new construction upgrades are often the ones that are difficult or expensive to add later, such as extra square footage, upgraded insulation, electrical wiring, and plumbing rough-ins. Cosmetic finishes are usually easier to change after closing, so it can make sense to prioritize structura