The Expert Podcast

• Conflicting reports: Some say new homes are in demand, while others predict a potential crash.

• Many buyers are opting for newly built homes due to limited resale options.
• With high mortgage rates, many homeowners are reluctant to sell because they can’t find another home to buy.
• Even as rates come down, low inventory continues to push people towards new construction.

• Newly built homes are often turnkey, meaning no immediate maintenance or updates needed.
• Unlike older homes, you won’t have to replace things like paint, roof, or gutters immediately.
• First-time buyers may need to buy new window treatments or carpets, but these costs can apply to resale homes as well.

• The market has been bogged down by high prices, rising mortgage rates, and lack of inventory, pushing buyers to the sidelines.
• Existing homes account for 90% of sales, but many homeowners are locked in with low mortgage rates and reluctant to sell.

• Older homes from the 60s to 80s were solidly built and may last longer than newer ones.
• Homes from the 90s and 2000s tend to be more cookie-cutter and may not be as durable.
• A 50-year-old house might be in better condition than a 20-year-old one due to better construction practices in the past.

• Construction quality can vary, so it’s important to research builders and get proper inspections.
• New developments are on the rise, with one builder in South Florida planning to build 300 new homes.

• Share your observations on new home construction in your area. Is it booming, or is it still too expensive?