New Construction is Looking Better

Looking to buy or build a new home? You'll be happy to know that reports have shown that with the favorable mortgage rates, low energy costs and increased employment rates, new home construction is looking up. The housing market is starting to stabilize and some of the surplus inventory of new homes for sale is starting to move. The National Association of Homebuilders and Wells Fargo Market Index jumped from 35 to 40 in January, the highest recorded since June 2006 when it was at 42. Readings below 50 typically mean that builders see real estate market conditions as unfavorable rather than positive.

Spring is looking good for new homes currently for sale or coming on the market. We have noticed an increase in showings and open house activity in the past month and it looks to only be getting better from here. Stay positive and competitive when trying to sell your new construction. Offer great buyer incentives and show pride in your work. Everyone can appreciate a beautiful and quality home. Keep up with the market trends and inventory of homes for sale in your town. Know what is selling and what isn't. Be sure to know your competition inside and out and do your best to always offer a little more for a little less $$$. Do not settle for buyers that will come in and offer you a low amount for your home if you know your home is priced at or below market value. We predict that you will not need to "dump" your home that has been for sale for an unfavorable amount of time because the spring is looking great and homes are selling. You have the power, not the buyer, so use it to your advantage. It is only a matter of time now, your patience has paid off and your hard work will be rewarded.