Builder Confidence still remain high in today market

Dated: April 20 2022

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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 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.  

Click Here for the article on Builder Confidence.  

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

Kevin Baumeister

BHHS - Ambassador RE

Divine Realty Group

402-301-1981

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