In a housing market full of headlines about rising rates and tight inventory, one big opportunity is flying under the radar for many homebuyers—new construction homes.
Here’s why now could be one of the best times to consider buying a newly built home:
1. Builders Are Sitting on More Inventory
Homebuilders have more homes available now than they’ve had in years. And they’re motivated to sell—which means they’re offering more deals and flexibility than ever before.
2. Builders Are Dropping Prices
Builders are making big moves to clear their inventory. In fact, as recently as June, every major builder was actively cutting prices—sometimes significantly. If you’ve been waiting for better affordability, this could be your moment.
3. Special Mortgage Rate Offers
While market mortgage rates sit around 6.7% to 6.8%, some builders are offering interest rates as low as 4.5% to 4.9% through in-house financing or preferred lenders. That kind of difference could save you hundreds every month.
Ideal for First-Time Buyers or Downsizers
Many of these new homes are especially appealing for:
- First-time homebuyers looking for affordability
- Downsizers ready to simplify and possibly buy with cash
- Buyers who want modern features without the renovation hassle
If you’ve been feeling priced out of the market, this might be the affordable and strategic path to homeownership you’ve been waiting for. Let’s explore new construction options that align with your goals—and take advantage of these incentives while they last.
Reach out today for a curated list of local builder incentives and inventory updates.
