The Latest Builder Trend: Smaller, Less Expensive Homes

Written by Coral Gables Mortgage Syndicated User on September 19, 2024. Posted in Affordability, Coral Gables Condo Financing, Coral Gables Mortgage, Coral Gables Mortgage Rates, For Buyers, New Construction.

Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you’re worried about finding a home that’s right for your budget. Builders Are Building Smaller Homes During the pandemic, homebuyers were looking for larger homes—and many could afford them. Builders responded to that demand and created bigger spaces to help people with things like working from home, setting up home gyms,...

Where Will You Go After You Sell?

Written by Coral Gables Mortgage Syndicated User on August 9, 2024. Posted in Affordability, Coral Gables Condo Financing, Coral Gables Mortgage, Coral Gables Mortgage Rates, For Buyers, For Sellers, New Construction.

If you’re planning to sell your house and move, you probably know there’s been a shortage of options available. But here’s the good news: the supply of homes for sale has grown in a lot of markets this year – and that’s not just existing, or previously-owned, homes. It’s true for newly built homes too. So how do you decide which route to go? Do you buy an existing home or a brand-new one? The choice is yours – you just need to figure out what’s most important to you.Perks of a Newly Built HomeHere are some benefits of buying a newly built home right now:Have brand new everything with never-been-used...

The Top 2 Reasons To Consider a Newly Built Home

Written by Coral Gables Mortgage Syndicated User on May 10, 2024. Posted in Buying Tips, Coral Gables Condo Financing, Coral Gables Mortgage, Coral Gables Mortgage Rates, First-Time Buyers, For Buyers, Inventory, New Construction.

When you’re planning a move, it’s normal to wonder where you’ll end up and what your future home is going to look like. Maybe you’ve got a specific picture of that house in your mind. But unless you came into this process knowing you want to buy a newly built home, you may not have pictured new home construction.A trusted real estate agent can help walk you through these two reasons you may want to reconsider that.1. Adding Newly Built Homes Could Give You More OptionsThere are two types of homes on the market: new and existing. A newly built home refers to a house that was just built or is...

Why Having Your Own Agent Matters When Buying a New Construction Home

Written by Coral Gables Mortgage Syndicated User on February 6, 2024. Posted in Buying Myths, Coral Gables Condo Financing, Coral Gables Mortgage, Coral Gables Mortgage Rates, First Time Home Buyers, For Buyers, New Construction.

Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up a larger percent of the total homes available for sale than normal. That’s why, if you’re craving more options, it makes sense to see if a newly built home is right for you.But it’s important to remember the process of working with a builder is different than buying from a homeowner. And, while builders typically have sales agents on-site, having your own agent helps make sure you have proper representation...

Explaining Today’s Low Housing Supply [INFOGRAPHIC]

Written by Coral Gables Mortgage Syndicated User on September 30, 2023. Posted in Coral Gables Condo Financing, Coral Gables Mortgage, Coral Gables Mortgage Rates, Housing Market Updates, Infographics, New Construction.

Some HighlightsWondering why the supply of homes for sale is limited today? There are a few factors at play.Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low.But real estate agents know exactly where to look and what to do to make your dream a reality. Connect with an agent so you have an expert on your side to help you successfully navigate the market and find your next home.

Why Is Housing Inventory So Low?

Written by Coral Gables Mortgage Syndicated User on September 15, 2023. Posted in Coral Gables Condo Financing, Coral Gables Mortgage, Coral Gables Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Interest 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 Coral Gables Mortgage Syndicated User on July 12, 2023. Posted in Coral Gables Condo Financing, Coral Gables Mortgage, Coral Gables Mortgage Rates, For Buyers, Housing Market Updates, 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 Coral Gables Mortgage Syndicated User on June 30, 2023. Posted in Coral Gables Condo Financing, Coral Gables Mortgage, Coral Gables Mortgage Rates, For Buyers, 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 Coral Gables Mortgage Syndicated User on May 9, 2023. Posted in Coral Gables Condo Financing, Coral Gables Mortgage, Coral Gables Mortgage Rates, For Buyers, Housing Market Updates, 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 Coral Gables Mortgage Syndicated User on February 16, 2023. Posted in Coral Gables Condo Financing, Coral Gables Mortgage, Coral Gables Mortgage Rates, First Time Home Buyers, For Buyers, 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.

Category: New Construction