With today’s current resale housing market limited in supply, many homebuyers are looking to purchase new builds.
Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty.
In recent months, the new homes sales market has continued to show strong growth with sales reaching new highs in many regions.
According to the U.S. Census, new home construction increased almost 10 percent in the past month, surpassing expectations. According to their latest data, more new homes were completed and ready to sell in the first part of this year. In addition, the number of permits for building new single-family homes ticked up in recent months indicating more new builds are on their way.
Fueling this drive is the continued demand for housing particularly in urban areas. Home builders are responding to the demand by building homes in prime locations and offering appealing amenities.
Homebuyers, especially millennials, are also looking for homes that are more energy efficient and sustainable for their lifestyles. Builders recognize this trend and are investing in new technologies and materials to make their homes stand out as more efficient than their competition.
But despite these positive trends, there are also challenges in the new home sales market with the cost of construction materials and labor which in turn can make it more expensive down the line.
As a buyer, it is important to consider all these factors in your home search. And as always, have an experienced and well-seasoned real estate agent to help navigate you through all the pros and cons of purchasing a new build. If you would like more information on current market data and the available inventory in the area, reach out to me so I can help you with your search and write the best offer for your next home.
And if you’re someone that needs to sell a home, ask me about my home selling plans where you get to pick which real estate services you want and the fee you pay… Most of the them include my super duper digital marketing that… no one else does in our area. I’m Tanja and I sell homes. I offer simplified and transparent choices!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?