Realty Gallery

The real estate changes have hit the new home market the worse as it fell again another 2.5% nationally and approximately 3.4% locally. The amount of new homes on the market now is inventoried at approximately more that 10.5 months and seems to be continuing to grow.

The new home market is of course effected by the amount of builders that jumped on the bandwagon as the market continued to go up with the hope they could get their project done and beat the drop making large profits, but for many that did not happen. New home builders are offering deals such as paying some one’s mortgage for two years on another home so you can relocate or just change homes as well as other creative incentives to buy. The new home market is a moving target as the prices of raw materials and gas have also effected it. It might be a great time to jump in and buy.

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