AUGUST - REAL ESTATE NEWS: More Homes, Better Prices: A Buyer’s Summer

on
If you’ve thought about buying a home in the past few years, you may have run into two frustrations: asking prices that kept climbing and too few homes to choose from. In many places, both sticking points are letting up this summer, with lower asking prices and more homes for sale. Let’s look at the trends, and what they mean for your search. Sellers Are Pricing To Attract Buyers According to Realtor.com , the national median asking price was $430,000 in June, nearly $11,000 under what it was the year before (see graph below) : That’s the eighth month in a row that the typical asking price has dipped below where they were the previous year, according to the same Realtor.com report. And while falling prices can sound worrying, this isn’t a sign of an impending crash. We’re talking about asking prices, not sold prices. This is a sign that today’s sellers are meeting the market where it is and pricing to draw buyers. And that’s actually something normal we’d expect from the market. As...
0

Signs it’s Time to Buy a New Home

on
Sometimes we wait until what we think is the “exact right moment” to buy a new home. We’re waiting for a sign, a slap in the face, or writings on the wall to tell us it’s time to move. Whether you’re itching to get out of your apartment, or outgrowing your starter home, it could be the right time for you to start packing.

Wishing to Entertain More

The older we get, the more we entertain at home. Dinner parties, entertaining at holidays, and friends stopping in calls for the space to have people over. Having space in a kitchen, maybe with a butler’s pantry or wet bar could be what you’re needing. Building a new home allows you to customize your kitchen to fit the needs of your family.

Office Space

Many jobs have the ability to work from home some, or all of the time. Studies show that working from other use spaces like the couch or kitchen table can be bad for your productivity. The couch is a place you nap, watch TV, or hangout in. This can confuse your brain when it’s time to work, and when it’s time to relax and chill out because you’re doing everything in the same space. Consider a space where you can totally devote to things like work, paying bills, and organization. It doesn’t have to be a whole room, and your new home designer at the builder’s showroom can help you choose the best option. 

Need more Bedrooms

A time when many people move to a new house is when they start having children, or when the family grows. Having an extra bedroom, play area, or extra bathrooms can be extremely beneficial when having a child. This can help with keeping your home organized so toys aren’t everywhere, and you can have your own space as well.

Celebrating a Life Accomplishment

Maybe you just got that big promotion you’ve been working so hard for, or your own business is finally taking off. You’ve earned it! With your new space, choose a home with features you’ve always wanted: a big walk in closet, or cozy standalone tub. Building a new home allows you to select those perfect additions that can turn your dreams into your reality.

Outgrowing Your Current Space

When you’ve outgrown your current home or apartment, you’ll know. If your home is overstuffed, you’ve probably accumulated lots of older, unused items. A new house can be a great time to sort through everything and keep what you actually need and use. New spaces to fill can help you really prioritized those treasured items. You may have also outgrown your current neighborhood. That downtown section may have been great when you first started your career, but it might be time to have more land to settle into. You might be an empty nester and looking for less maintenance.

Original Article via newhomesandideas.com

Comments

Post a Comment