In April of this year, data shows that New Construction has begun to slow. This is from a national perspective. But yes, with the rise of interest rates and pricing, unfortunately, this
Builder Confidence still remain high in today market
Dated: April 20 2022
Builder confidence still remains high in this market. One of the biggest reasons for this is the consumer can get into a home and not get pushed around with multiple offers or appraisal valuations and paying sellers closing costs.
Building a home is more expensive than the pre-existing market, but, you need to weigh the options that will work best for you as well. With the pre-existing market, it could possibly be 10 to 15% lower than building, BUT you are paying the additional cost so by then you are at that price for new construction.
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One thing to keep in mind as interest rates keep rising, real estate prices are still rising as well and show no signs of slowing due to buyer demand in this market. The market will not crash since the market shows no signs of slowing, but, there will possibly be a slowdown due to the rise in interest rates. This could possibly help the consumer. In addition, builders could possibly start giving incentives. However, this is speculation at this point.
If you are ready to get into the market, we are definitely here to help. Click Here to send me a message that you are ready to get into the market. I have always believed that having a home that you own is always your number one asset
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Builder confidence still remains high in this market. One of the biggest reasons for this is the consumer can get into a home and not get pushed around with multiple offers or appraisal
Well, the answer is YES. Click Here to get further details as well. When you see a home that is under contract, it doesn't mean that the house has sold and closed. When the seller