New construction homes incentives lately has been offering great deals since the two spikes in the interest rates. Yes there is starting to be competition starting and some builders want to be ahead of the game as we enter the last quarter of home selling. Also you have the option of purchasing new construction or an existing home. There are so many things to look for to see what is the beast deal. Of course these new construction home incentives the location is a must and the floor plan needs to flow for the family. Ideally you want the home to be no more than 5-6 years old to get a good comparison. According to the census bureau, this year builders are on track to complete more than a million new homes across the country. There are many waterfront new construction homes on waterfront lots in the Dr Phillips area. As of October 2022, 83% of builders have reduced their home prices due to interest rate hike. Click here to see the benefits of new construction /BENEFITS-OF-NEW-CONSTRUCTION-HOMES---32819---32836---Dr-Phillips-6-19911.html
Click here to see buying new construction homes in Dr Phillips /BUYING-NEW-CONSTRUCTION-HOMES-IN-DR-PHILLIPS---32819---32836---Dr-Phillips-6-18641.html
Housing supply is slowly starting to build as homes stay longer than the norm the last two years. This is due to the market has shifted and it is trying to be corrected by the rise in the interest rates. This will not happen overnight. It took 2.5 years to get where we are at. It may take at least 4-6 years to get back to pre pandemic interest rates and for growth in the market supply of homes. However by looking at the chart displayed, it has been steadily rising each month from the beginning of the year.
Also builders are keeping a close eye on market trends, they are finding buyer demands has lightened up on buying with builders are not building as fast as before so that overbuilding does not occur. Many builders like to sell current inventory before continuing to just keep building. Today more builders are willing to negotiate even more to sell a home. Reports show that 83% of builders have reduced their prices and or added incentives over the last three months. Click to see more about new construction homes and inventory homes /NEW-CONSTRUCTION-AND-INVENTORY-HOMES-IN-CENTRAL-FLORIDA---32819---32836---Dr-Phillips-6-18833.html
Creative financing and programs are available to lock in buyers at a specific interest rate terms. This opens more opportunities for many buyers purchase a home for sale. If you are interested in one of my free e-books buying new construction versus existing home click link https://kevinstrawter.book.live/new-construction-book Lenders are in competition for your business. Keeping stellar credit is always important when purchasing a home for sale. Serving Dr Phillips and Central Florida. As a trusted advisor and professional realtor, stay connected and contact me today at 850 496-6412. Click here to know more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html