Things are starting to pick up coming off the Holiday's. More and more buyers are coming into the market and getting approved for financing. We are short inventory at this time and need some new homes to become available to meet this demand from buyers.
New Construction is beginning to rise in the area and there are some new sites available to build in that were not an option before. I have been working with CVE Homes as a builder in the area. They offer great products at very competitive prices. They build without a construction loan, so Buyers with an FHA loan or low down payment loan can still use them to build a new home. This is a wonderful opportunity for our area and will lead to a boom in new homes.
Interest rates continue to be attractive but are expected to rise this year. If you've been thinking of buying now may be the time to lock in these rates to keep you payment low.