[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2mv6bjc71od8r":3,"$f2emv3tus0uf1":38,"$fbwk2pqjjqsc7":42},{"item":4,"previous":26,"next":32},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":24,"updatedAt":25},38433,"why-you-may-want-to-seriously-consider-a-newly-built-home","Why You May Want To Seriously Consider a Newly Built Home","\u003Cp>Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move?\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240109\u002F20240116-Why-You-May-Want-To-Seriously-Consider-a-Newly-Built-Home.png","\u003Cp>Are you putting off your plans \u003Ca href=\"\u002F2023\u002F12\u002F29\u002Fthe-benefits-of-working-with-an-agent-when-you-sell-your-house-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">to sell\u003C\u002Fa> because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Near-Record Percentage of New Home Inventory\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Newly built homes are becoming an increasingly significant part of today’s housing inventory. According to the most recent report from the \u003Ca href=\"https:\u002F\u002Fwww.nahb.org\u002Fnews-and-economics\u002Fpress-releases\u002F2023\u002F12\u002Fnew-home-sales-down-in-november-but-should-improve-moving-forward\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cem>National Association of Home Builders\u003C\u002Fem>\u003C\u002Fa> (NAHB):\u003C\u002Fp>\u003Cblockquote>“\u003Cem>Newly built homes available for sale accounted for 31% of total homes available for sale in November, compared to an approximate 12% historical average.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>\u003Cstrong>That means the percentage of the total homes available to buy that are newly built is well over two times higher than the norm. \u003C\u002Fstrong>And even more new homes are on the way.\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fconstruction\u002Fnrc\u002Fpdf\u002Fnewresconst.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">Recent data\u003C\u002Fa> from the \u003Cem>Census\u003C\u002Fem> shows there’s been an uptick in both housing starts (where builders break ground on more new homes) and housing completions (homes where construction just wrapped).\u003C\u002Fp>\u003Cp>And while some people may worry builders are building too many homes, that isn’t a concern – if anything, the recent increase is really good news. As Lawrence Yun, Chief Economist at the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fmagazine\u002Freal-estate-news\u002Fhome-sales-start-to-rise-building-momentum-for-2024\" rel=\"noopener noreferrer\" target=\"_blank\">explains\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Even more home building will be needed with the housing shortage persisting in most markets . . . \u003C\u002Fem>\u003Cstrong>\u003Cem>Another 30% rise in home construction can easily be absorbed in the marketplace\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem> . . .”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Ch4>\u003Cstrong>How This Helps You \u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Since the supply of existing \u003Ca href=\"\u002F2023\u002F12\u002F18\u002Fwhy-now-is-still-a-great-time-to-sell-your-house\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">homes for sale\u003C\u002Fa> is still low right now, the increase of new-home construction can be a game changer because it gives you more options for your search.\u003C\u002Fp>\u003Cp>Picture yourself in a home that’s new from the ground up: new appliances, fresh paint, fewer maintenance needs because everything is new, and so much more. Doesn’t that sound nice?\u003C\u002Fp>\u003Cp>And it may be more within reach than you ever imagined. In addition, some builders are offering things like mortgage rate buy-downs for homebuyers right now. This can help offset today’s affordability challenges while also getting you into your dream home. In a recent article, Patrick Duffy, Senior Real Estate Economist at \u003Cem>U.S. News, \u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Frealestate.usnews.com\u002Freal-estate\u002Farticles\u002Fthings-to-know-before-building-a-new-home\" rel=\"noopener noreferrer\" target=\"_blank\">explains\u003C\u002Fa>:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Builders have been using mortgage interest rate buydowns for many years as a sales incentive whenever interest rates are relatively high, . . .\u003C\u002Fem>\u003Cstrong>\u003Cem>Today more builders are offering rate buydowns for the entirety of the loan, allowing buyers to finance more home for the same payment amount\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>Just remember, the process of buying from a builder is different from buying from a home seller, so it’s important to partner with a trusted \u003Ca href=\"\u002F2023\u002F12\u002F21\u002Fsell-smarter-why-working-with-a-real-estate-agent-may-beat-going-solo\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">real estate agent\u003C\u002Fa> who knows the local market. They’ll be your go-to resource for coordinating with the builder, reviewing contracts, and more.\u003C\u002Fp>","\u003Cp>If you’re trying \u003Ca href=\"\u002F2023\u002F12\u002F22\u002Fget-your-house-ready-to-sell-this-winter-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">to sell\u003C\u002Fa> so you can make a move but you’re having a hard time finding a home you like, let’s connect. That way you have a local expert to help you explore all of your options, including the newly built homes in our area.\u003C\u002Fp>",false,[16,20],{"id":17,"name":18,"slug":19},6,"For Sellers","sellers",{"id":21,"name":22,"slug":23},320,"Inventory","inventory","2024-01-16T11:30:00Z","2024-05-08T13:24:46Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},39062,"homeownership-is-still-at-the-heart-of-the-american-dream","Homeownership Is Still at the Heart of the American Dream","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240112\u002FHeader-Image-pg-18.png","2024-01-15T11:30:00Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":14},39396,"2-reasons-why-todays-mortgage-rate-trend-is-good-for-sellers","2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20240116\u002F2024017-2-reasons-why-today-s-mortgage-rate-trend-is-good-for-sellers..png","2024-01-17T11:30:00Z",{"cover":39,"open":40,"shareSpread":41},"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",[43,47,51,52,56,60,64,68,72,76,80,84,88,92,96,100,104,108,112,116,117,121,125,129,133,137,141,145,149,153],{"id":44,"name":45,"slug":46},1,"Uncategorized","uncategorized",{"id":48,"name":49,"slug":50},5,"For Buyers","buyers",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},7,"Foreclosures","foreclosures",{"id":57,"name":58,"slug":59},8,"Infographics","infographics",{"id":61,"name":62,"slug":63},9,"Home Prices","home-prices",{"id":65,"name":66,"slug":67},11,"First-Time Buyers","first-time-buyers",{"id":69,"name":70,"slug":71},34,"Senior Market","senior-market",{"id":73,"name":74,"slug":75},35,"Mortgage Rates","mortgage-rates",{"id":77,"name":78,"slug":79},38,"Move-Up","move-up",{"id":81,"name":82,"slug":83},41,"For Sale by Owner","for-sale-by-owner",{"id":85,"name":86,"slug":87},42,"Featured","featured",{"id":89,"name":90,"slug":91},45,"New Construction","new-construction",{"id":93,"name":94,"slug":95},52,"Luxury \u002F Vacation","luxury--vacation",{"id":97,"name":98,"slug":99},53,"Rent vs. Buy","rent-vs-buy",{"id":101,"name":102,"slug":103},80,"Time-sensitive","time-sensitive",{"id":105,"name":106,"slug":107},81,"Outdated","outdated",{"id":109,"name":110,"slug":111},147,"Internal","internal",{"id":113,"name":114,"slug":115},148,"Do Not Autopost","do-not-autopost",{"id":21,"name":22,"slug":23},{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]