Welcome to this week’s JHT Market Update.

New Construction homes sales saw the largest annual gain since homebuilding began following the housing crash a decade ago.

Low supply of homes on the market and an increasing consumer preference for new, high-tech homes has created the perfect opportunity for the Nation’s Homebuilders.

Since working remotely is now the new norm, buyers can work virtually from anywhere allowing them to find a better home for their budget in suburban areas.

New home opportunities are popping up all over Southern California, and at a great price too depending on the location.

Most recently, our Buyer’s Specialists have found their clients beautiful new construction homes in the areas of Irvine, Stanton and Long Beach.

When buying a new home, a major perk is the amount of money that a homeowner can save.

Some benefits of choosing a new build may include, extended home warranty, the ability to customize the home before its built, energy efficiency, little to no repairs needed upon move in, and mortgage finance savings through the builder.

If you’re considering taking advantage of today’s low mortgage rates and purchasing a brand-new customized home, reach out to our team to maximize your opportunity today.

To the current market overview of the areas of Fullerton, Cypress & Yorba Linda over the past 7 days shows there are 60 new listings on the market, 47 new contracts and 63 sales.

*Opinions are our own and not the views of eXp Realty.

Sources:
(1) https://www.cnbc.com/2020/07/13/homebuilders-just-saw-the-strongest-june-sales-since-the-last-housing-boom.html
(2) https://www.cnbc.com/2020/07/13/homebuilders-just-saw-the-strongest-june-sales-since-the-last-housing-boom.html
(3) https://www.fool.com/millionacres/real-estate-market/articles/3-benefits-buying-new-construction-home/
(4) https://newhomesdivisionga.com/home-buyers-guide/advantages-of-buying-a-new-home/