Why is New Home Construction seeing a boom right now?

New home construction is a hotspot right now!
"With nearly 90% of homeowners sitting on mortgage rates below 6%, many potential sellers are staying put to keep their lower rates, adding further constraint to the housing market."
Further constraints? Yes. Just because current homeowners are less likely to sell doesn't mean there aren't buyers out there. In fact, one of the biggest generations of all time is still mostly comprised of renters. Not only are they realizing the benefits of homeownership, they're ready to settle down. Couple that with current homeowners who are outgrowing their homes, need to downsize, or are relocating, and the buyer pool is actually quite large.
   
What does this mean for you? Well, if you're sitting on a 3.5% interest rate and are comfortable where you are, it simply means that your investment is holding or gaining value.
   
If you're thinking of selling for one of the above reasons, the spring market is forecasted to be as vibrant as ever, and buyers aren't just in the market for new homes.  So start that honey do list and let's get ready to sell!
   
If you're a Buyer, then you need to be positioned to act quickly if you find that perfect spot to call home.  
   
Don't know where to start? Well, that's what #yourrealestateresource is here for!
   
Reach out to me and I'll gladly help you optimize your efforts to get you in the best spot possible.  It's what I do. 
   

About the Author 

Scarlet Torok, an award-winning Realtor® with an impressive 25+ years of experience in the real estate industry, consistently ranks as a Multi Million Dollar Producer, reflecting her unwavering dedication to her clients and expertise in the field. A proud resident of Madison, GA since 2007, Scarlet is passionate about all things Madison/Morgan County and her extensive involvement in the community shows it. 

Beyond her real estate accomplishments, she actively contributes to numerous organizations on a leadership level, with a strong focus on contributing to the success of all children in Morgan County. She enjoys working alongside her mother, Ann Bell, Associate Broker, where they have a combined 70+ years of real estate experience, making them an unstoppable force in the industry! 

If you are looking for someone to help you navigate the complex world of real estate, contact Scarlet and Ann today. While they help clients sell or purchase homes anywhere in the state of Georgia, their main focus is on the I-20 Corridor East of Atlanta, ConyersCovingtonMonroeMadisonGreensboroEatonton  and Athens.Their team will make sure you get the best results possible!

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