Construction Archives

How BuyingNew Construction Homes Can Help During the Affordability Crisis

Advice, Buyer, Construction, Market Trends, Real Estate / By Keith LaBrunda - RE/MAX Select

Are you on the hunt for a new home this spring? If so, you might be feeling the pinch of current affordability issues and the frustration of a sparse housing market. But what if there was an alternative that could ease both of these concerns? For those finding it difficult to locate the perfect home, or for whom mortgage rates are a significant financial strain, considering newly constructed homes could be a wise move. Here’s the rationale. A Glimmer of Hope in New Home Inventory In the quest for a new home, buyers typically weigh the pros and cons of […]

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Consider the Advantages of Buying a Newly Constructed Home

Advice, Buyer, Construction, Market Trends, Real Estate / By Keith LaBrunda - RE/MAX Select

Hesitant to sell your home due to concerns about finding a desirable new place? It might be the perfect moment to think about the advantages of purchasing a newly constructed home. Here’s why this could be a beneficial choice. Surge in New Home Inventory The presence of newly constructed homes in the current housing market is growing significantly. The latest report from the National Association of Home Builders (NAHB) reveals: “Newly built homes available for sale accounted for 31% of total homes available for sale in November, compared to an approximate 12% historical average.” This indicates that the share of

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Affordable Homes Are in High Demand: Builders Take Notice

Construction, Market Trends, Real Estate / By Keith LaBrunda - RE/MAX Select

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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Construction

How BuyingNew Construction Homes Can Help During the Affordability Crisis

Consider the Advantages of Buying a Newly Constructed Home

Affordable Homes Are in High Demand: Builders Take Notice

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