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New Construction
New Construction: Hear Those Hammers in the Background?
If you are planning on selling your home over the next two years, now may be the time to act. Demand is high, supply is low and many homeowners are benefiting from an almost auction atmosphere with several buyers fighting for their house in the current multi-bid environment. Higher prices and less stringent contingencies are making it easier for the seller and their family.
However, there may be more (and better) competition about to hit the market in the form of newly constructed homes. This may put an end to the buyers’ frenzy over the limited inventory of existing homes which has been below normal levels for over a year.
According to the latest report from the National Association of Realtors (NAR), the forecast for new housing starts and sales will increase significantly over the next two years:
- NAR is forecasting 1.1 million new housing starts in 2015, jumping to 1.4 million in 2016.
- New home sales are projected to increase from the 437,000 in 2014 to 570,000 this year and 720,000 in 2016.
Bottom Line
In major urban areas across the country, building cranes are again stretched across the city skyline. In many suburbs, you can again hear the thumping of a carpenter’s hammer in the background. Those are the sights and sounds that inform us that it may be time to sell.
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GUY & JOI MCKINNEY Realtors®
Triple Crown Realty – Keller Williams
Flower Mound, TX
We take a different approach to real estate, one that is built on personal touches, win-win deals and positive results. Triple Crown Realty-KW utilizes the latest technologies, market research and business strategies to exceed expectations!
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All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated.The opinions expressed in this article are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed in this article as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Guy and Joi McKinney at Triple Crown Realty Keller Williams, do not guarantee and are not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involved some degree of risk. Guy and Joi McKinney at Triple Crown Realty Keller Williams, will not be liable for any loss or damage caused by your reliance on information contained in this article.
$200 Million Dollar High Rise
….Coming to uptown Dallas! All those empty nesters who are wanting to experience the city life…look no further. Close to amenities like the American Airlines Center, the AT&T Performing Arts Center and the Fairmont Dallas Hotel. What’s not to like?
Forbes just released its list of America’s fastest-growing cities, and Texas is tops, dominating a full half of the top 10 thanks to its oil-and-energy-fueled expansion. North Carolina also did well, with both Raleigh and Charlotte cracking the top 10.
UPTOWN DALLAS
One one of the last lots in Dallas this high rise at the corner of McKinney & Olive. It will feature street level shopping and dining with office space on the top floors. Coming in 2016.
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Save Money…No Realtor….New Construction???….
We all try to save money….of course, its as American as apple pie, but sometimes what you don’t know – can hurt you. Its so important that you use a REALTOR® who knows the loop holes in real estate & can anticipate the problems before their clients get themselves into something that can actually cost them thousands of dollars. If you think a buyer does not need representation when deciding to purchase a new build think again – A good REALTOR® can save a client thousands of dollars at a new build. A good REALTOR® will not allow their client to put a contract on a property if they are not qualified financially. Note that one of the people in this news story is a real estate agent that lost thousands on a property she contracted to build but could not afford. The other person did not understand the contract and signed it anyway.
…. if you don’t think it can happen to you!
Why you need an agent when dealing with new construction
Watch Out…This Actual News Video
A good REALTOR® can be worth their weight in gold!
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