Are you hesitating to sell your home because you’reconcerned about finding the perfect place to move? If that’s the case, it mightbe time to explore the benefits of opting for a newly built home. Here’s whythis could be the ideal choice for you.

Near-Record Percentage of New Home Inventory

In today’s housing market, newly built homes play a crucialrole. According to the latest report from the National Association of HomeBuilders (NAHB), newly built homes accounted for a remarkable 31% of totalhomes available for sale in November, significantly surpassing the historicalaverage of approximately 12%.

Recent data from the Census reveals a surge in both housingstarts and completions, indicating a growing trend in new home construction.Lawrence Yun, Chief Economist at the National Association of Realtors (NAR),emphasizes that the increase is positive news, stating, “Even more homebuilding will be needed with the housing shortage persisting in mostmarkets.”

How This Benefits You

With the supply of existing homes still low, the rise innew-home construction presents a game-changing opportunity. Imagine yourself ina brand-new home – from new appliances to fresh paint, the reduced maintenanceneeds make it an appealing choice. Additionally, some builders are offeringmortgage rate buy-downs, making your dream home more affordable. Patrick Duffy,Senior Real Estate Economist at U.S. News, notes that more builders areoffering rate buydowns for the entirety of the loan, allowing buyers to financemore home for the same payment amount.

Partnering with a trusted real estate agent who understandsthe local market is crucial when buying from a builder. They’ll be your go-toresource for coordinating with the builder, reviewing contracts, and ensuring asmooth process.

Bottom Line

If you’re struggling to find the perfect home and are eagerto make a move, connecting with a local real estate agent like Steve Ord whohas great relationships with a lot of local builders is the key. Explore allyour options, including the newly built homes in Henderson and Las Vegas. Yourdream home might be closer than you think.