Why Is Housing Inventory So Low?

Written by Lakewood Ranch Mortgage Syndicated User on September 15, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, New Construction.

One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why.There aren’t enough homes available for sale, but that shortage isn’t just a today problem. It’s been a challenge for years. Let’s take a look at some of the long-term and short-term factors that have contributed to this limited supply.Underbuilding Is a Long-Standing ProblemOne of the big reasons inventory is low is because builders haven’t been building...

Momentum Is Building for New Home Construction

Written by Lakewood Ranch Mortgage Syndicated User on July 12, 2023. Posted in For Buyers, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, New Construction.

If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like, don’t forget that a newly built home is a great option.As a recent article from the National Association of Realtors (NAR) says: “Home buyers continue to be met with limited housing options during what’s typically the real estate market’s busiest season. . . . The current supply of existing homes is about half the level it was in...

Where Will You Go If You Sell? Newly Built Homes Might Be the Answer.

Written by Lakewood Ranch Mortgage Syndicated User on June 30, 2023. Posted in For Buyers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Move-Up Buyers, New Construction.

Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You’re not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory.That means when you go to put your house on the market this summer, considering newly built homes is crucial for expanding the options you’ll have for your next move.Near-Record Percentage of New Home InventoryNewly built homes today make up a near-record percentage of the total number of...

It May Be Time To Consider a Newly Built Home

Written by Lakewood Ranch Mortgage Syndicated User on May 9, 2023. Posted in For Buyers, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, New Construction.

If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isn’t that much to choose from. If you need to open up your pool of options, it may be time to consider a newly built home. According to the latest data from the U.S. Census, there’s positive news when it comes to new home construction. When you look at the first three months of this year, you’ll find:More new homes were completed and are...

Should You Consider Buying a Newly Built Home?

Written by Lakewood Ranch Mortgage Syndicated User on February 16, 2023. Posted in First Time Home Buyers, For Buyers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Move-Up Buyers, New Construction.

If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built.

Where Will You Go If You Sell? You Have Options.

Written by Lakewood Ranch Mortgage Syndicated User on January 31, 2023. Posted in For Sellers, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Move-Up Buyers, New Construction.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

Why It May Be Time To Add Newly Built Homes to Your Search

Written by Lakewood Ranch Mortgage Syndicated User on November 16, 2022. Posted in First Time Home Buyers, For Buyers, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Move-Up Buyers, New Construction.

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and incentives than you realize. That may be why the National Association of Home Builders (NAHB) says the share of buyers looking for new construction is increasing: “According to the quarterly Housing Trends Report, the popularity of new construction homes is continuing to rebound . . .” Here’s a few reasons more buyers may...

Category: New Construction