New Construction Homes Are Hot Items in Current Real Estate Market

The real estate market is now filled with buyers interested in purchasing new construction homes. According to Ruth Simon in her article, The New New-Home Market, sales of these properties keep increasing and in many regions, so do the price tags. This situation hasn't presented itself until recently because builders have had to weather economic downturns, just like everyone else. But with interest rates at historic lows, thoughtful added features in these new homes and a stabilizing economy- interest is heightening. Trouble is, inventory may not be keeping up with this new demand, as builders generally are not creating homes expeditiously.

Buyers have many reasons for flocking to new construction homes. This sector of the real estate market offers perks that many other properties just can't.

  • Newness. This bonus seems like a given but to someone who has never had a home that nobody else has lived in, new can be the main selling point.
  • Energy Efficiency. New homes can be built from the ground up with energy-efficient materials helping reduce the owner's carbon footprint and save him money at the same time.
  • Amenities. Many builders create more than just new homes. They develop master-planned communities, which envelop these homes with lush grounds and resort-style amenities.
  • Safety. Industry breakthroughs make it possible for homebuyers of new properties to rest easy knowing they are buying homes featuring the latest safety options.

When looking for new homes in Hampton Roads, our agents can help buyers in a variety of ways. No matter the real estate market conditions, the experts at find the right new construction homes for their clients.

Posted By

Categories: Home Buying Real Estate Market

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

Print Friendly and PDF

< Back to Blog index