If you're looking to buy a home, there's some exciting news for you. Many assume that newly built homes are more expensive than existing ones (those that have already been lived in), but that's not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially in today's market. Hard to believe? But the data supports this.
Here are two key reasons why working with your agent to consider new home construction could help you find a more budget-friendly option:
Reason 1: Lower Median Prices for Newly Built Homes. The median sales price for newly built homes is currently lower than that of existing homes. This might seem surprising.

Why is that? Builders are focused on creating homes that meet current market demands. Right now, there's a significant need for smaller and more affordable homes, so that's what they've been constructing. Additionally, there are more newly built homes available now than in recent years, prompting builder ...

If your listing expired and your house didn’t sell, it's normal to feel frustrated and disappointed. As you navigate these emotions, you might also be wondering what went wrong and what steps to take next.

If you still need to move and want to relist your home, consider the following points:

Was It Priced for Today’s Market?

Setting the right price from the start is crucial. While it might be tempting to aim high, overpricing can significantly slow down the selling process. If your house was priced higher than similar properties, it might have deterred buyers, which could be why it stayed on the market. As Rocket Mortgage explains:


“Buyer interest in your home is highest when it first comes on the market. That’s why it’s so important to start with the right price on day one. . . If you overprice your house, buyers may just raise an eyebrow and move on to the next listing without even coming for a showing. . . It can be easy to think your home ...

Everyone’s vision for the future is personal and unique, but common goals often include success, freedom, and prosperity — values closely linked to owning a home and achieving the American Dream.
A recent survey by Bankrate confirms this: homeownership remains a key part of the American Dream. According to the survey, 78% of respondents ranked owning a home above other significant milestones such as retirement and career success. But why is buying a home so important to many people today? One reason is the financial and physical security it offers. Owning a home with a fixed-rate mortgage can stabilize what is likely the largest monthly expense, reducing stress.
Another reason is the potential for building wealth. Over time, homeowners build equity as they pay down their mortgage and as home prices appreciate, leading to long-term financial stability.
But what about the responsibilities of owning and maintaining a home? According to a survey by Entrata, only 23% of rente. ...

June is a bustling month in the housing market as many people choose this time to buy and sell homes. If you're planning a move this month, here’s what you need to know to ensure you're prepared.
If You’re Buying This June
Many families with children prefer to move between school years, making late spring and early summer a peak period for home transactions. Regardless of your motivation, be prepared for increased competition from other buyers. However, the upside is that more sellers are listing their homes now, providing you with more options. As Bankrate notes:

“Late spring and early summer are the busiest and most competitive time of year for the real estate market. There’s usually more inventory listed for sale than other times of year . . . This is a double-edged sword for a buyer, as you will be met with more opportunities but [also] much more competition.”

In this busy season, it's crucial to work with a trusted real estate agent. Your agen. ...

With all the headlines and discussions about housing affordability, it's easy to get caught up in the financial aspects of buying a home. This focus is understandable as you consider the costs involved.
However, while it's crucial to ensure you can afford the home you buy, don't lose sight of the original reasons why homeownership was important to you. Buying a home is far more than just a financial transaction. As the National Association of Realtors (NAR) notes:
"The benefits of purchasing and owning your place of residence are both financial and emotional – pride in homeownership and the feeling of security are huge intangible benefits."
Here are some of the emotional and lifestyle advantages of homeownership to remind you why it's one of your goals.
A Sense of Satisfaction Owning a home is often linked to better mental health and well-being. This is likely because buying a home is a significant milestone, bringing a deep sense of satisfaction and pride. A recent article f. ...