Affordable Homes Are in High Demand: Builders Take Notice
In the current real estate climate affordable homes are in high demand as buyers grapple with two significant issues: Rising mortgage rates, the highest seen in recent years. Escalating home prices due to limited stock. To navigate this, many are teaming up with real estate agents to discover budget-friendly homes. Notably, a large chunk of today’s available homes are brand-new constructions. Current Trends in New Home Purchases Recent data from the Census highlights a shift in purchasing patterns. As of June, a greater percentage of new home sales fell within the affordable bracket compared to 2022: 58% of 2022’s new […]
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