[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3oqbn0c7cdbpr":3,"$f2emv3tus0uf1":33,"$fbwk2pqjjqsc7":37},{"item":4,"previous":23,"next":28},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":21,"updatedAt":22},247,"new-construction-new-competition-2","New Construction = New Competition","\r\n\r\nFor the last several years, home sellers had to compete with huge inventories of distressed properties (foreclosures and short sales). The great news is that the supply of these properties is falling like a rock in the vast majority of housing ma...","","blog","https:\u002F\u002F\u002F","\u003Cimg class=\"alignnone size-full wp-image-30217\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F02\u002FNew-Construction3.jpg\" alt=\"New Construction = New Competition | Simplifying The Market\" width=\"600\" height=\"315\" \u002F>\r\n\r\nFor the last several years, home sellers had to compete with huge inventories of distressed properties (foreclosures and short sales). The great news is that the supply of these properties is falling like a rock in the vast majority of housing markets (only 11% of homes sold in January). Many homeowners are now thinking of selling as the impact of this substantially discounted competition has disappeared.\r\n\r\nHowever, every seller of an existing residential property must realize that there is a new form of competition in the market: newly constructed homes.\r\n\r\nAccording to the National Association of Realtors’ \u003Ca href=\"http:\u002F\u002Fwww.realtor.org\u002Freports\u002Fhighlights-from-the-2014-profile-of-home-buyers-and-sellers\">Profile of Home Buyers & Sellers\u003C\u002Fa> new home sales accounted for 16% of all homes sold in 2014. The graph below shows the top 5 reasons that a buyer would choose new construction over an existing home.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F02\u002FSlide22.jpg\">\u003Cimg class=\"alignnone wp-image-30218\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F02\u002FSlide22.jpg\" alt=\"Reasons to Own a New Home | Simplifying The Market\" width=\"600\" height=\"450\" \u002F>\u003C\u002Fa>\r\n\r\nThe top three should not come by surprise. With a new home comes the ability to customize the design of the home and the ability to avoid having to renovate or deal with existing problems.\r\n\r\nThe 10% of respondents who cited \u003Cem>“Lack of Inventory of Existing Homes”\u003C\u002Fem> could very well increase in 2015. \u003Ca href=\"\u002F2015\u002F02\u002F24\u002Fhome-sales-are-not-collapsing\u002F\">Existing home inventory\u003C\u002Fa> for sale currently sits at a 4.7 months supply, well below the six-months needed to be at a historically normal market.\r\n\r\nNational Association of Home Builders (NAHB) \u003Ca href=\"http:\u002F\u002Fwww.census.gov\u002Fconstruction\u002Fnrs\u002Fpdf\u002Fnewressales.pdf\">reports\u003C\u002Fa> that there is currently a 5.4 months supply inventory of new construction available for purchase.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F02\u002FSlide16.jpg\">\u003Cimg class=\"alignnone wp-image-30219\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F02\u002FSlide16.jpg\" alt=\"Month's Inventory New Homes For Sale | Simplifying The Market\" width=\"600\" height=\"450\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWith a steady buyer demand currently in the market, if you are thinking of selling, perhaps you should do it now to avoid additional competition coming to the market.","\r\nWith a steady buyer demand currently in the market, if you are thinking of selling, perhaps you should do it now to avoid additional competition coming to the market.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F02\u002FNew-Construction3.jpg",false,[17],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers","2015-03-03T10:00:05Z","2015-02-27T14:22:20Z",{"id":24,"slug":25,"title":26,"featuredImage":11,"publishedAt":27,"contentType":10,"isVideo":15},246,"selling-your-home-the-importance-of-using-an-agent","Selling Your Home? The Importance of Using an Agent","2015-03-02T10:00:54Z",{"id":29,"slug":30,"title":31,"featuredImage":11,"publishedAt":32,"contentType":10,"isVideo":15},248,"housing-market-to-spring-forward","Housing Market to “Spring Forward”","2015-03-04T10:00:28Z",{"cover":34,"open":35,"shareSpread":36},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[38,42,46,47,51,55,59,63,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151],{"id":39,"name":40,"slug":41},1,"Uncategorized","uncategorized",{"id":43,"name":44,"slug":45},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":48,"name":49,"slug":50},7,"Foreclosures","foreclosures",{"id":52,"name":53,"slug":54},8,"Infographics","infographics",{"id":56,"name":57,"slug":58},9,"Home Prices","home-prices",{"id":60,"name":61,"slug":62},11,"First-Time Buyers","first-time-buyers",{"id":64,"name":65,"slug":66},34,"Senior Market","senior-market",{"id":68,"name":69,"slug":70},35,"Mortgage Rates","mortgage-rates",{"id":72,"name":73,"slug":74},38,"Move-Up","move-up",{"id":76,"name":77,"slug":78},41,"For Sale by Owner","for-sale-by-owner",{"id":80,"name":81,"slug":82},42,"Featured","featured",{"id":84,"name":85,"slug":86},45,"New Construction","new-construction",{"id":88,"name":89,"slug":90},52,"Luxury \u002F Vacation","luxury--vacation",{"id":92,"name":93,"slug":94},53,"Rent vs. Buy","rent-vs-buy",{"id":96,"name":97,"slug":98},80,"Time-sensitive","time-sensitive",{"id":100,"name":101,"slug":102},81,"Outdated","outdated",{"id":104,"name":105,"slug":106},147,"Internal","internal",{"id":108,"name":109,"slug":110},148,"Do Not Autopost","do-not-autopost",{"id":112,"name":113,"slug":114},320,"Inventory","inventory",{"id":116,"name":117,"slug":118},321,"Agent Value","agent-value",{"id":120,"name":121,"slug":122},322,"Affordability","affordability",{"id":124,"name":125,"slug":126},323,"Buying Tips","buying-tips",{"id":128,"name":129,"slug":130},324,"Downsize","downsize",{"id":132,"name":133,"slug":134},325,"Economy","economy",{"id":136,"name":137,"slug":138},326,"Equity","equity",{"id":140,"name":141,"slug":142},327,"Forecasts","forecasts",{"id":144,"name":145,"slug":146},328,"Selling Tips","selling-tips",{"id":148,"name":149,"slug":150},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":152,"name":153,"slug":154},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]