Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (786) 755-7400
Apply Now

Category: New Construction

Auto Added by WPeMatico

Are Builders Overbuilding Again? Let’s Look at the Facts.

Written by Key West Mortgage Syndicated User on . Posted in Featured, For Buyers, For Sellers, Inventory, Key West Florida News, Key West News, New Construction.

If it feels like you’re seeing new construction signs pop up everywhere, you’re not wrong. Builders have been busy. And it’s left some people wondering: Are we overbuilding like we did right before the 2008 housing crash?No matter what you may hear in the news, there’s no reason for alarm. In reality, data shows builders aren’t racing ahead, they’re actually starting to tap the brakes.Builders Are Pulling Back, Not Piling OnPermits (applications to start building new homes) are one of the best early indicators for what’s next for home construction. And right now, building permits are...

Continue reading

Why More Buyers Are Turning to New Construction This Year

Written by Key West Mortgage Syndicated User on . Posted in Affordability, Buying Tips, For Buyers, Key West Florida News, Key West News, New Construction.

There’s a trend taking hold in real estate right now: more buyers are choosing newly built homes. And it’s not just about getting the latest technology or modern floorplans. It’s because they may be able to get a better deal.Builders are offering serious incentives today, and people are jumping on them. In fact, new home sales just hit their highest level in over two years (see graph below):Why Builders Are Throwing in PerksThere are more newly built homes for sale right now than there have been in years. And as a buyer, that can help you in two big ways. It gives you more options to choose...

Continue reading

What Everyone’s Getting Wrong About the Rise in New Home Inventory

Written by Key West Mortgage Syndicated User on . Posted in For Buyers, Key West Florida News, Key West News, New Construction.

You may have seen talk online that new home inventory is at its highest level since the crash. And if you lived through the crash back in 2008, seeing new construction is up again may feel a little scary.But here’s what you need to remember: a lot of what you see online is designed to get clicks. So, you may not be getting the full story. A closer look at the data and a little expert insight can change your perspective completely.Why This Isn’t Like 2008While it’s true the number of new homes on the market hit its highest level since the crash, that’s not a reason to worry. That’s because...

Continue reading

Are These Myths About Buying a Newly Built Home Holding You Back?

Written by Key West Mortgage Syndicated User on . Posted in Affordability, Agent Value, For Buyers, Key West Florida News, Key West News, New Construction.

If you’ve been skipping over newly built homes in your search, you might be doing so based on outdated assumptions. Let’s clear up a few of the most common myths, so you don’t miss out on a solid opportunity.Myth 1: New Homes Are More ExpensiveIt’s easy to assume a new build will cost more than an existing home, but that’s not necessarily true, especially right now.Data from Census and the National Association of Realtors (NAR) shows the median price of a newly built home today is actually lower than a home that’s been lived in already (an existing home):So, why’s this happening? As Heather...

Continue reading

Why a Newly Built Home Might Be the Move Right Now

Written by Key West Mortgage Syndicated User on . Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Home Prices, Inventory, Key West Florida News, Key West News, Mortgage Rates, Move-Up, New Construction, Rent vs. Buy.

Are you looking for better home prices, or even a lower mortgage rate? You might find both in one place: a newly built home. While many buyers are overlooking new construction, it could be your best opportunity in today’s market. Here’s why.There are more brand-new homes available right now than there were even just a few months ago. According to the most recent data from the Census and the National Association of Realtors (NAR), roughly 1 in 5 homes for sale right now is new construction. So, if you’re not looking at newly built homes, you’re missing out on a big portion of what’s...

Continue reading

The Latest Builder Trend: Smaller, Less Expensive Homes

Written by Key West Mortgage Syndicated User on . Posted in Affordability, For Buyers, Key West Florida News, Key West News, New Construction.

Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you’re worried about finding a home that’s right for your budget. Builders Are Building Smaller Homes During the pandemic, homebuyers were looking for larger homes—and many could afford them. Builders responded to that demand and created bigger spaces to help people with things like working from home, setting up home...

Continue reading

Explaining Today’s Low Housing Supply [INFOGRAPHIC]

Written by Key West Mortgage Syndicated User on . Posted in Housing Market Updates, Infographics, Key West Florida News, Key West News, New Construction.

Some HighlightsWondering why the supply of homes for sale is limited today? There are a few factors at play.Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low.But real estate agents know exactly where to look and what to do to make your dream a reality. Connect with an agent so you have an expert on your side to help you successfully navigate the market and find your next home. 

Continue reading

Where Will You Go If You Sell? Newly Built Homes Might Be the Answer.

Written by Key West Mortgage Syndicated User on . Posted in For Buyers, Key West Florida News, Key West News, Move-Up Buyers, New Construction.

Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You’re not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory.That means when you go to put your house on the market this summer, considering newly built homes is crucial for expanding the options you’ll have for your next move.Near-Record Percentage of New Home InventoryNewly built homes today make up a near-record percentage of the total number...

Continue reading