Published August 22, 2023
NEW CONSTRUCTION IN TODAYS MARKET:
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In the current real estate landscape, buyers are grappling with two primary challenges related to affordability: escalating mortgage rates compared to the past few years and the surging home prices attributed to a scarcity of available properties. To counter these hurdles, a considerable number of individuals are collaborating closely with their real estate agents to locate more economical residences. Furthermore, in the present scenario, newly constructed homes constitute an unusually substantial portion of the overall housing inventory. Consequently, this pursuit frequently encompasses the exploration of entirely new properties. Remarkably, just last year, a mere 58% of sales for newly constructed homes fell below the $500,000 mark. However, come June this year, this statistic has climbed to an impressive 65%.
When contemplating the purchase of a new construction home, it's essential to ensure that our team of agents is present during your inaugural visit to serve as your dedicated representatives.
@owent44_realtor 916-661-1780
@johnhayesrealtor 530-306-3316
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