Brianna Lombardo’s Post

Plot twist: You're looking to buy a home and realize new construction could help you save in a big way. According to the latest data drop from the Census and the National Association of Realtors (NAR), the median sales price for newly built homes is currently lower than the median sales price for existing homes today. 👀 ↓ 💵 The quick breakdown: • BUILDERS are focused on building what they can sell. And right now, the market is demanding smaller, more affordable homes. • HOWEVER, there are a ton of newly built homes already on the market, so builders are motivated to make sure they’re selling what they’ve got available before adding more. • WHICH MEANS, builders are offering a range of incentives to help move inventory, including competitive mortgage rates, covering closing costs, free finish upgrades, and more. Buying a newly built home just might be the perfect fit for your needs and your budget. What do you think? Would you consider buying new?

Plot twist: You're looking to buy a home and realize new construction could help you save in a big way. According to the latest data drop from the Census and the National Association of Realtors (NAR), the median sales price for newly built homes is currently lower than the median sales price for existing homes today. 👀 ↓ 💵 The quick breakdown: • BUILDERS are focused on building what they can sell. And right now, the market is demanding smaller, more affordable homes. • HOWEVER, there are a ton of newly built homes already on the market, so builders are motivated to make sure they’re selling what they’ve got available before adding more. • WHICH MEANS, builders are offering a range of incentives to help move inventory, including competitive mortgage rates, covering closing costs, free finish upgrades, and more. Buying a newly built home just might be the perfect fit for your needs and your budget. What do you think? Would you consider buying new?

Thinking about buying a home? Surprise! New construction might be more affordable than you think. While it's often assumed that existing homes are the more budget-friendly option, current market trends are turning that idea on its head. Here are two key reasons working with your agent to look into new home construction could help you find a more budget-friendly option. Reason 1: Lower Median Prices for Newly Built Homes The median sales price for newly built homes is lower than the median sales price for existing homes today. This might seem surprising, but it’s true according to the latest data from the Census and the National Association of Realtors (NAR): Reason 2: Attractive Incentives from Home Builders One of the most appealing incentives right now is how builders are able to offer competitive mortgage rates. They may also provide other incentives, such as covering closing costs, or offering free upgrades. With lower median prices and enticing incentives offered by builders, now could be the perfect time to explore new home construction. Interested in learning more? Let's chat! #newhome #homebuying #realestate #newconstruction #affordablehousing

Plot twist: You're looking to buy a home and realize new construction could help you save in a big way. According to the latest data drop from the Census and the National Association of Realtors (NAR), the median sales price for newly built homes is currently lower than the median sales price for existing homes today. ↓  The quick breakdown: • BUILDERS are focused on building what they can sell. And right now, the market is demanding smaller, more affordable homes. • HOWEVER, there are a ton of newly built homes already on the market, so builders are motivated to make sure they’re selling what they’ve got available before adding more. • WHICH MEANS, builders are offering a range of incentives to help move inventory, including competitive mortgage rates, covering closing costs, free finish upgrades, and more. Buying a newly built home just might be the perfect fit for your needs and your budget. What do you think? Would you consider buying new? #YourLocalTwinCitiesRealtor

Plot twist: While searching for a home, you discover that new construction might be a major money-saver! Recent data from the Census and the National Association of Realtors (NAR) reveals that the median price of newly built homes is currently lower than that of existing homes. Here’s the scoop: • BUILDERS are concentrating on creating homes that are in demand right now, focusing on smaller, more affordable options. • HOWEVER, with many newly built homes already on the market, builders are motivated to sell their current inventory before starting new projects. • AS A RESULT, builders are offering enticing incentives to help sell their homes, including competitive mortgage rates, covering closing costs, and free upgrades. A newly built home could be just what you’re looking for, both in terms of needs and budget. What do you think? Is buying new construction something you’d consider? 𝐋𝐨𝐫𝐢 𝐌𝐢𝐤𝐞𝐥𝐥 DRE#01190586 310-650-5742 [email protected] COE Real Estate Group #LoriMikellRealEstate #KellerWilliamsBeachCities #COERealEstateGroup #BeachCitiesRealEstate #SouthernCaliforniaHomes #LuxuryLiving #RealEstateExpert #HomeSelling #DreamHomeJourney #RealEstateTips #LocalMarketExpert #HomeBuying #NewConstruction #RealEstate #HomeIncentives #DreamHome

THERE’S MORE NEW HOME CONSTRUCTION   If you still don't see an existing home you like, another big opportunity lies in the rise of new home construction. Builders have worked to increase the supply of newly built homes this year. And they've turned their attention to crafting smaller, more affordable homes based on what's most needed in today's market. This helps address the long-standing issue of housing undersupply throughout the country, and those smaller homes also offset some of the affordability challenges you're feeling today.   According to data from the Census and NAR, one in three homes on the market is a newly built home.   This means, that if you didn't previously look at newly built homes as part of your search, you may have been cutting your pool of options by a third. Not to mention, some builders are also offering incentives like buying down mortgage rates to make it easier for buyers to get a home that fits their budget.   Also, as your trusted advisor, I have a working knowledge of the reputable builders in our area and the products they offer at their various communities. Further, I can help you best negotiate your terms, price, and amenities on a new construction home. Larissa with London | 📲 (209) 658-3260 https://lnkd.in/gFg7UsjX   #realestatemaniac #iloverealestate #weeklyupdate #keepingyouintheknow

Plot twist: As you embark on your journey to buy a home, you discover that new construction could lead to big savings.  Recent data from the Census and the National Association of Realtors (NAR) reveals that the median sales price for newly built homes is currently lower than that of existing homes. 👀  ↓  💵 Here’s a quick summary:  • BUILDERS are concentrating on creating homes that are in demand. Currently, the market is leaning towards smaller, more affordable options.  • HOWEVER, there is a substantial inventory of newly constructed homes available, prompting builders to prioritize selling their current stock before producing more.  • WHICH MEANS, builders are offering various incentives to help move their inventory, such as competitive mortgage rates, covering closing costs, complimentary finish upgrades, and more.  Purchasing a newly built home could be an excellent match for your needs and budget.  What are your thoughts? Would you consider opting for new construction?  Pam Burke   Real Estate Broker   630.935.2777   [email protected]  #PamBurkeGroup #KellerWilliamsInspire #RealEstate #FirstTimeHomeBuyer #StarterHome #ForeverHome #DreamHome #HomeBuyingTips #ListingAgent #IllinoisRealEstate #YourLocalAgent #JustSold #JustListed #YourTrustedGuide #RealtorsOfInstagram #RealEstateLife #RealtorStyle #ILoveRealEstate #SellYourHome #SellingTips #RealEstateIdeas #RealtorTips #NewConstruction #NewBuild

Builders Are Building Smaller Homes Affordability is a challenge in today's housing market, leading many to consider smaller homes. The good news? Builders are focusing on constructing these smaller homes, offering more options for budget-conscious buyers. During the pandemic, the demand was for larger homes, but as mortgage rates rise and affordability becomes a concern, the trend is shifting towards smaller homes. Builders aim to meet market demand, and right now, that's smaller, more affordable homes. If you're struggling to find a home within your budget, consider new, smaller builds. They often come with incentives like price reductions or mortgage rate buy-downs. Plus, you'll enjoy a brand-new home with fewer maintenance needs and the latest features. Let's connect to explore the options in our area. -Steve & Sandra And as always, if you have any additional real estate questions, feel free to call/text us any time! We're always here to help! Brenner | Hill Real Estate Windermere Real Estate /Northwest Steve (c) 206-769-9577 | [email protected] Sandra (c) 206-271-7100 | [email protected] Brennerhill.com Equal Housing Opportunity #BrennerHill #BrennerHillRealEstate #WindermereRealEstate #RealEstate #MarketUpdate #RealEstateTrends #SeattleRealEstate #SnohomishRealEstate #PropertyInsights #HousingMarket #RealEstateListings #RealEstateNews #NWSeattle #SWSnohomish

Home Builder Confidence Rises for Second Straight Month 🛠 Easing inflation and the anticipation of falling mortgage rates have led to an improvement in home builder sentiment, per the National Association of Home Builders (NAHB), who reported that their Housing Market Index increased two points to 43 in October. What’s the bottom line? 🏠 While home builder confidence remains below 50 in contraction territory, it has risen for two straight months after declining throughout the spring and summer. October also brought improvement in all three index components (buyer traffic, current and future sales expectations). Builders are clearly feeling better about the housing market over the next six months, as future sales expectations jumped 4 points and further into expansion territory above 50. 📣 NAHB Chair, Carl Harris, confirmed that “builders are feeling more optimistic about 2025 market conditions.” If builders are feeling optimistic, that's a good sign for YOU! Ready to start your home search and begin earning equity, too? Let's chat. 📲 (469) 835-9060 📧 [email protected] 💻 https://lnkd.in/gzcHe4RQ #home #homebuilding #newhome #newhomeconstruction #house #househunting #homesearch #homebuyingtips #homebuying #newconstruction #buildahome #buildahouse #newbuild #dfwnew #dfwhomes #dfwnewconstruction #dfwnewhomes #realestate #realestateagent #dfwrealtor #dfwrealestate #harmoniousrealty

In the immediate market, larger builders have been able to be more aggressive with incentive usage when needed, including buying down the mortgage interest rates well below what a smaller builder is willing and able to do. Larger builders have also been able to be more aggressive in their land acquisition, intending to increase their community count both this year and next year. In the land market, the bigger builders have [priced] out some of the smaller builders. Ali Wolf Zonda https://lnkd.in/gefhphPE