New Construction

Have you noticed that new home construction has picked up significantly in your area??

It has around here.  That's a very good sign for the housing industry too.  First, it lets you know that lending institutions are beginning to have confidence in the market.  Second, builders are feeling confident because they believe they won't have to hold the house(s) for a long time. 

You might say, 'I'm not interested in a new house, I'm happy where I'm at' or, 'that's all great news but I can't afford a new house.'  Well, it impacts you regardless.  As new homes are built, those that want a new home, will be purchasing which means they probably have a house to sell.  That means more supply and demand will begin to follow and prices will begin to tilt upward!  Now, how do you feel?  Whether you're moving or not, you're going to feel the impact on the new housing starts with increased values.

In this area, we've seen about a 7% increase in prices.  A little under the national average which would be expected.  I anticipate another good year this year and next year even better!!! 

This is a time that is rarely seen in the real estate market.  Prices AND interest rates are relatively low!  Almost a perfect storm of opportunity.  Those that can take advantage, will reap the benefits for years to come.

I wanted to share with you this years promotion for Coldwell Banker.  Personally, I think it's very well done but let me know what you think:

Coldwell Banker 2014


Let me know how your market is doing now.  It's been a long time coming but things are picking up.

Hope everyone has a fantastic rest of your month!