Get in on the trend, buy a home!
According to the National Association of Home Builders new home sales have increased by 6.4%--a whopping 433,000 in sales-- between March and April. According to NAHB:
“Housing market conditions are in good shape for a strong recovery; mortgage rates remain historically low, affordability while down from extremes remains good by historic standards and a significant amount of pent up demand remain unfulfilled”.As supply chain difficulties continue to lessen, home buyers will increase inventory levels, allowing more choices in the market for new home buyers. [caption id="attachment_3463" align="aligncenter" width="450" caption="Source: NAHB"][/caption] There is continued good news from The National Association of Realtors, on average homes were purchased within 48 days of being placed on the market, up from 55 days in March. April median sales prices for existing homes followed the positive trend with a 5.2% upsurge from 2013. [caption id="attachment_3464" align="aligncenter" width="450" caption="Source: NAHB"][/caption] Low mortgage rates, high demand, and a growing supply of homes is the perfect recipe for home ownership. Find out how you can own a brand-new home at any one of our new condominium communities throughout Hampton Roads at dragas.com.