Should You Be Considering New Construction?

Should You Be Considering New Construction?

  • Vyral Marketing
  • 12/1/22

The current pace of new construction means buyers have more options.

Should you buy new construction? The U.S. Census Bureau estimates that there will be more than a million new homes built in 2022. This is great news for buyers who have been struggling to find a home in the competitive market of the last two years. Because more new homes are being built, there are more options for buyers to choose from. As a result, there are also more resale homes on the market. 

That doesn’t mean that things are on track to last, however. Builders learned their lesson from the housing crash of 2008, so the pace of new construction has slowed down as rates have increased.

"Buyers now have more options."

Overall, what this means for buyers is that builders have a larger existing inventory they are looking to sell before adding more to their pipelines. Savvy buyers can take advantage of the fact that builders are likely more willing to work with them in this kind of climate. In fact, according to recent surveys, 83% of builders have reduced their prices over the last three months. With more options and more negotiable builders, it may be a good time to start considering new homes in your real estate search.

So if you are looking to buy in the current real estate market, please call or email me. I would be happy to answer any questions that you may have.

Work With Dallas

As a top Realtor in Las Vegas and Henderson, I have worked with hundreds of buyers and sellers, delivering top-notch results in a competitive market. My many repeat clients are a testament to the value I provide and the trust and strong relationships I have built. People choose me for my reliability, unrelenting dedication, and friendly communication style. Delivering optimal results for you is my sole focus. What sets me apart in this is my drive to help you find the best opportunities, not just the most convenient ones. So, after I get to know you, your wants, needs, and goals, I’ll consult you on your options and craft a strategic roadmap leading to success. If you’re looking for the best luxury Agent who will always have your best interests at heart, call me today – let’s get started on making your real estate dreams a reality!

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