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Builder Incentives

All articles tagged with #builder incentives

real-estate4 months ago•7 min saved

Old Homes Outpricing New Builds in 2025 Amid Market Shifts

The U.S. housing market has experienced an unusual trend where new homes are now selling for less than existing homes due to builder incentives, smaller home sizes, and market dynamics, a reversal of the long-standing pattern. This shift is driven by builders offering discounts to move inventory, smaller and more affordable homes, and demographic changes, but is expected to normalize as inventory levels adjust and builders realign their strategies.

via Forbes|

#builder-incentives #existing-homes #housing-market

personal-finance2 years ago•2 min saved

"Unlocking the Secrets to Low Mortgage Rates: Tips for Homebuyers in 2024"

Homebuyers may have a chance to secure a lower mortgage rate by purchasing a new-construction home, according to Tawn Kelley, the president of financial services at homebuilder Taylor Morrison. Kelley advises buyers to consider taking out a mortgage with the builder and negotiate for every available incentive, such as rate buydowns and mortgage rate locks. While some incentives may increase over the course of the loan, Kelley warns buyers to budget for potential rate increases to avoid financial difficulties.

via Business Insider|

#budgeting #builder-incentives #homebuying

real-estate2 years ago•2 min saved

Homebuilder Sentiment Plummets as Mortgage Rates Soar

Homebuilder sentiment in the market for single-family homes dropped to a 10-month low, with the National Association of Home Builders/Wells Fargo Housing Market Index falling four points to 40 in October. Builders attribute the decline to high mortgage rates, which have reached a 23-year high, making homes less affordable for buyers. As a result, buyer traffic has decreased, and builders are resorting to incentives such as buying down mortgage interest rates and cutting home prices to attract buyers. Boosting housing production is seen as a solution to the affordability crisis, but uncertainty regarding monetary policy is contributing to challenges in the market.

via CNBC|

#affordability #builder-incentives #homebuilder-sentiment