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386 315 4744
James@JamesJestes.com

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New Homes May Have the Incentives You’re Looking for Today

New Homes May Have the Incentives You’re Looking for Today | Simplifying The Market

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build and the incentives that come with it. Here’s why.

The Supply of Newly Built Homes Is Rising

When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the inventory of existing homes is on the rise today, it’s still in tight supply, meaning it can be challenging to find just the right one.

The inventory of newly built homes, however, is also rising. And with more options available than there have been in years, a new home may be just the answer you’re looking for. The graph below shows just how much the supply of newly built homes has grown this year.

New Homes May Have the Incentives You’re Looking for Today | Simplifying The Market

And here’s the thing – builders are also keeping a close eye on current market trends. With mortgage rates rising this year and, as a result, buyer demand softening, builders are slowing their pace of new construction. That’s because they learned their lesson in the housing crash of 2008 and want to avoid over-building and having too much inventory in their pipeline.

Basically, while there are more newly built homes on the market today than there have been in years, many builders want to sell their current inventory before adding much more – and that’s where you can really benefit. Today, builders may be more willing to work with buyers. According to a recent survey, 83% of builders have reduced their prices over the last three months.

What That Means for You

The current supply of newly built homes for sale coupled with the fact that data shows the majority of builders are doing price reductions are both great news for you. It means you may have more options and possibly some much-needed relief if you consider newly built homes in your search.

Bottom Line

If you’re ready to buy, it may be time to look for a newly built home. To learn what’s available in our area and what incentives these builders are offering, let’s connect today.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
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$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
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Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
11222 Rapallo Lane Windermere FL 34786
Open House Sun, Jun 1, 2 PM
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$699,800
4
BEDS
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TOTAL BATHS
2,350
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11222 Rapallo Lane Windermere, FL 34786
Single Family Residence For Sale
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2025 aesthetic inside and out. You will love this east-facing and tucked-away, private, fully fenced tropical court lot in gated South Belmere, offering the rare combination of peaceful seclusion and unbeatable convenience—just minutes from three maj

Listing courtesy of Elliott Hagood of Home & Family RE & Property Management
2948 Bella Flore Terrace New Smyrna Beach FL 32168
New Listing - 5 hours on site
1 / 73
$995,000
3
BEDS
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TOTAL BATHS
2,050
SQFT
2948 Bella Flore Terrace New Smyrna Beach, FL 32168
Single Family Residence For Sale
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Pristine ,well kept home ! Used for a vacation home ! Gated community in Venetian Bay on the 18th hole , backed up to the club house ! This is the largest lot in the subdivision . Enjoy outside living on the front screened in porch or on the scre

Listing courtesy of Ron Ballou of Coldwell Banker Coast Realty
3 Ashford Lakes Drive Ormond Beach FL 32174
New Listing - 7 hours on site
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$889,500
4
BEDS
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3 Ashford Lakes Drive Ormond Beach, FL 32174
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Custom ''Luxury Builders'' contractor's personal home. The ''Shakespeare'' Green Luxury at its finest. Certified gold by the Florida Green Building Coalition, Energy Star rated by the US Govt. & FL Yards and Neighborhoods by the State of FL. Situate

Listing courtesy of Skip Stamper of Halifax Area Properties LLC

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Related posts:

  1. Are There Going to Be More Homes to Buy This Year?
  2. Looking To Move? It Could Be Time To Build Your Dream Home.
  3. Is the Number of Homes for Sale Finally Growing?
  4. Are New Homes Going to Be Available to Buy This Year?

Posted in: Blog, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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