Logo

A NEW YEAR WITH NEW BEGININGS.

‎"Prospective home buyers who have been sitting on the fence for years are moving back into the market due to continuing low mortgage interest rates, attractive pricing and the improving economy." A great time to take advantage of these low rates and to build on your future.

Recent data from the National Association of Homebuilders shows that demand for new homes is increasing in several regions across the country, while sales of existing homes on the market remain stagnant. According to a spokesperson from Boise, ID-based Coleman Homes, this trend toward new home buying is indicative of buyers' lack of excitement with preexisting inventorypossibly because older homes are less appealing to more discerning buyers. Part of what is making buyers more discerning could be what has been dubbed 'the HGTV effect,' which reflects the fact that consumers are used to seeing expertly staged homes on HGTV that showcase everything from stainless-steel appliances to gorgeous granite countertops. In fact, the impact of new homes being showcased by experts on TV may be creating a trend in pickier home buyers who prefer newer homes to older inventory

Builder confidence in the market for newly built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading over 50 indicates that more builders view sales conditions as good than poor!