If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built.
The Number of Newly Built Homes Is on the Rise
While there are more houses for sale right now than there were at this time last year, there’s still a historically low number of homes available on the market. One reason for that is years of underbuilding—meaning there haven’t been enough new homes built to keep up with demand.
The graph above shows how low the production of newly constructed homes has been over the past 14 years. But it also shows another important trend: the
No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide. When you own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly yours.
Over the last few years, we’ve fully embraced the meaning of our homes as we spent more time than ever in them. As a result, the emotional benefits our homes provide have become even more important to us.
As the most recent State of the American Homeowner from Unison puts it:
“. . . one thing has stayed the same: the home continues to be of the utmost importance and a place of security and comfort.”
Why Today’s Housing Market Isn’t Headed for a Crash
67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008.
Back Then, Mortgage Standards Were Less Strict
During the lead-up to the housing crisis, it was much easier to get a home loan than it is today. Banks were creating artificial demand by lowering lending standards and making it easy for just about anyone to qualify for a home loan or refinance an existing one.
As a result, lending institutions took on much greater risk in both
If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.
On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term.
Homeownership wins over time. Let’s connect so you can start your homebuying journey today.
Sable Pass in Parkland was built in the late 1980"s through the mid 1990's by several builders. Included are 1 and 2 story homes in an electronic gated community with low HOA fees. Prices range today from mid $300's to $500,000. Many homes feature pools and some are on canals. Located off of 441 and Holmberg road, Sable Pass has easy access to Sawgrass expressway. Children attend the top "A" rated school district in the county including Riverglades Elementary School, Westglades Middle School and Marjory Stoneman Douglas High School.
To see homes Active Homes for Sale in Sable Pass go to our Parkland Community section of Sable Pass or click on Sable Pass
Are you looking to buy or sell, call the Dupree Team of experts at 954-752-1986. We are here 7
Coral Springs premiere guard gated community features 1 + acre estate homes in the NW section of the city. With majestic Pine Trees and lushly landscaped acre estates, Whispering Woods provides lots of privacy and plenty of room for play. The DuPree Team is featuring this magnificent 6 bedroom lakefront home at $1,250,000. For a private viewing call The DuPree Team at 954-752-1986, your Whispering Woods real estate experts.
5205 Whisper Dr. Coral Springs, Fl 33067 MLS # F10034791
Click here to Search available homes in Whispering Woods
