Parker Moore - Charleston Homes

07/25/2023

As real estate goes, the market has changed. You can't wait to learn how to generate more leads, do more deals and stay in business.

08/24/2021

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08/05/2021

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Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

In April, the National Association of Home Builders (NAHB) posted an article which reported, “60% of people who were looking to buy a home in 2020 said they'd prefer new construction to an existing home.” However, it seems buyers are now shifting their preference back to existing homes.

The latest Consumer Confidence Survey reveals the percentage of Americans planning to buy a home in the next six months is virtually the same as it was back in March. However, the percentage that plan to buy a newly constructed home is lower for that same period. NAHB confirms that existing homes are now the top preference among today’s buyers.

Why the shift? There are several reasons why buyer preference is shifting. Here are two that impact purchasers looking to move-in now:

>>The process may move faster. Builders may not be able to guarantee when the house will be complete and...

In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: