New Construction

05 Aug Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

Posted at 10:00h in Blog, Buying Myths, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction by MarciaMurray 0 Comments

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In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.” However, it seems buyers are...

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27 Jul A Look at Housing Supply and What It Means for Sellers

Posted at 10:00h in Blog, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Selling Myths by MarciaMurray 0 Comments

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One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for...

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20 Jul 3 Charts That Show This Isn’t a Housing Bubble

Posted at 10:00h in Blog, For Buyers, For Sellers, Housing Market Updates, New Construction, Pricing by MarciaMurray 0 Comments

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With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by...

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05 Jul Home Builders Ramp Up Construction Based on Demand

Posted at 10:00h in Blog, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction by MarciaMurray 0 Comments

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If you’re thinking of buying a home, there really is no time like the present. With today’s low mortgage rates, you have a great opportunity to get more home for your money. The challenge is inventory. Like you, many buyers want to capitalize on these...

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15 Jun Hope Is on the Horizon for Today’s Housing Shortage

Posted at 10:00h in Blog, Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction by MarciaMurray 0 Comments

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The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that...

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28 Apr Patience Is the Key to Buying a Home This Year

Posted at 10:00h in Blog, Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction by MarciaMurray 0 Comments

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The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an...

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27 Apr Will the Housing Market Maintain Its Momentum?

Posted at 10:00h in Blog, For Buyers, Housing Market Updates, New Construction by MarciaMurray 0 Comments

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Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market...

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07 Apr Latest Jobs Report: What Does It Mean for You & the Housing Market?

Posted at 10:00h in Blog, For Buyers, For Sellers, Housing Market Updates, New Construction by MarciaMurray 0 Comments

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Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%. What does this mean for you? Our lives...

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17 Mar What Is the Strongest Tailwind to Today’s Recovering Economy?

Posted at 10:00h in Blog, For Buyers, For Sellers, New Construction by MarciaMurray 0 Comments

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Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11, 2020, from the...

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11 Mar Will the Housing Market Bloom This Spring?

Posted at 11:00h in Blog, For Buyers, For Sellers, Housing Market Updates, Interest Rates, New Construction, Pricing by MarciaMurray 0 Comments

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Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have...

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