Why Is Housing Inventory So Low?

Written by Fort Lauderdale Mortgage Syndicated User on September 15, 2023. Posted in For Buyers, For Sellers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, 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 Fort Lauderdale Mortgage Syndicated User on July 12, 2023. Posted in For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, 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 Fort Lauderdale Mortgage Syndicated User on June 30, 2023. Posted in For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale 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 Fort Lauderdale Mortgage Syndicated User on May 9, 2023. Posted in For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, 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 Fort Lauderdale Mortgage Syndicated User on February 16, 2023. Posted in First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale 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 Fort Lauderdale Mortgage Syndicated User on January 31, 2023. Posted in For Sellers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Housing Market Updates, 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 Fort Lauderdale Mortgage Syndicated User on November 16, 2022. Posted in First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale 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...

New Homes May Have the Incentives You’re Looking for Today

Written by Fort Lauderdale Mortgage Syndicated User on September 2, 2022. Posted in First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Housing Market Updates, Move-Up Buyers, New Construction.

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build and the incentives that come with it. Here’s why. The Supply of Newly Built Homes Is Rising When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the inventory of existing homes is on the rise today, it’s still in tight supply, meaning it...

Wondering Where You’ll Move if You Sell Your House Today?

Written by Fort Lauderdale Mortgage Syndicated User on July 19, 2022. Posted in For Sellers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Housing Market Updates, 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. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have a better chance of finding a home that will meet your current needs. Here are some options to consider. Buying an Existing Home Can Give You That Lived-in Charm According to the National Association of Realtors (NAR), the supply of existing homes (a home that’s been previously owned) has steadily increased...

What You Need To Know if You’re Thinking About Building a Home

Written by Fort Lauderdale Mortgage Syndicated User on March 24, 2022. Posted in For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Housing Market Updates, Move-Up Buyers, New Construction.

If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either avenue. While home builders are doing everything they can to construct more houses and help narrow the supply shortage, they’re also facing delays due to factors outside of their control. Here’s the latest on some of the key challenges homebuilders are experiencing today and how they could impact your plans to move up. When you know what’s happening in the industry,...

Category: New Construction