Buy a New Home in Hampton Roads Before New Home Prices Rise Even Higher

New home prices are increasing! A savvy homebuyer knows now is the time to buy a new home in Hampton Roads before prices keep going up. According to The Associated Press, "New Home Sales Rose at Fastest Pace in Two Years." The article, written by Martin Crutsinger, explains how the Commerce Department released that sales rates for new homes are the best since April of 2010. Reasons for the heated interest in new homes may have to do with historically low interest rates and an economic recovery on the horizon. And here's the scary part- the median home sales price in May of this year was 5.6 percent higher than it was in May of 2011.

Is it the right time to buy a new home in Hampton Roads? It is for homebuyers who want to save money and walk into a home with builder upgrades. There are many builders in the region who continue to develop new home communities. Purchasing a new construction home here provides owners with something hard to come by- peace of mind. Builders offer their quality product complete with guarantees, just in case.

Our agents know all about lot acquisition and connecting buyers with the right builders. While some unsuspecting buyers may feel they can deal directly with builders for the best prices, that is simply not true. Agents at want you to be represented throughout the buying and building process; they know the ropes and walk you through everything on the road to getting your new home. When you're ready to buy a new home in Hampton Roads, our experienced agents are here to help.

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Categories: Home Buying Real Estate Market Regional

Cities: Virginia Beach Chesapeake Norfolk Williamsburg Newport News Hampton Suffolk Yorktown

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