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Want a Custom Home? It May Take 18 Months

There are pros and cons to buying a new vs. existing home, but it’s taking a longer time to complete a new one – about four months more than it did two years ago. Rising costs, material shortages and a labor deficit have hit the homebuilding industry hard, and buyers looking for a custom home builder in Orlando, for example, may have to wait longer than usual. Custom home builders are not immune...

Record Low Housing Inventory Really Means

“Total housing inventory at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million). Unsold inventory sits at an all-time low 1.9-month supply at the current sales pace, down from 2.3 months in November and down from the 3.0-month figure recorded in December 2019. NAR first began tracking the single-family home supply in 1982.” What...

4 Reasons People Are Buying Homes in 2021

Here are 4 reasons people are reconsidering where they live and why they’re expecting to buy a home this year. 1. Record-Low Mortgage Interest Rates In 2020, the average interest rate for a 30-year fixed mortgage hit a record low 16 times, continuing to fall further below 3%. “If you’ve found a home that fits your needs at a price you can afford, it might be better to act now rather than...

2021 a great time to sell a home

IS 2021 THE YEAR TO SELL YOUR HOUSE?

If one of the questions you’re asking yourself is, “Should I sell my house this year?” consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. . Why is now a good time to sell? There simply are not enough homes available to meet...

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