More builders report that they’re raising their prices on new homes. Twenty-four percent of 231 builders recently surveyed say they raised their prices in December – an increase over a 19 percent low reported in November, according to John Burns Real Estate Consulting Inc. data. The percentage of builders who say they lowered their prices fell to 8 percent in December after a 12 percent high in October.
In early 2013, more than half of the builders surveyed reported raising their prices, with some markets, posting double-digit increases from 2012 levels. But price increases slowed during the summer months as interest rates rose.
Lately, however, interest rates have mostly remained flat – around 4.4 percent to 4.5 percent averages – and improving employment numbers have builders feeling more confident again.
Michael Gapen, senior U.S. economist at Barclays, predicts that home prices will rise 7 to 8 percent this year, adding to last year’s gains of 11 to 12 percent.
My focus is to best understand the goals and visions of my clients, ensuring
all decisions are made with a wealth of information and the necessary tools for
a successful, rewarding experience.
I have found my Slice of Heaven I look
forward to you finding yours! KathyDecker@exitkingrealtygroup.com Have Questions? Call Me 941-544-7270
Source: The Wall Street Journal
Author:Kathy Toonder Phone: 941-544-7270 Dated: January 23rd 2014 Views: 1,124 About Kathy: I enjoy walking the warm sandy beaches, swimming and watching the magnificent sunsets on Florida’s...
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I enjoy walking the warm sandy beaches, swimming and watching the magnificent sunsets on Florida’s Gulf Coast. Thirty years ago I came from Michigan to the Sarasota area to enjoy the beaches of the Sunshine State. The “Beach Communities” Longboat Key, Lido Key, Siesta Key and Casey Key are what draw everyone to make Sarasota their home!
Sarasota the “Cultural Capital” of Florida attracts homeowners that want more than just a beach experience. Sarasota and Manatee communities with the growth of new housing maintain their elegant but laid back style. It is a great place to make it your home to be able to enjoy lush natural environment and the amenities of a modern city.
I became a home owne r in Lakewood Ranch an award winning 17,500 acre site that provides a beautiful master planned, maintained and golf community. Get the picture: blue waters, white sand, plenty of sun, blue skies, fabulous food, casual outdoor dining, amazing fishing, play golf, boat races, music and art festivals….
My focus is to best understand the goals and visions of my clients, ensuring all decisions are made with a wealth of information and the necessary tools for a successful, rewarding experience.
I have found my “Slice of Heaven” I look forward to you finding yours!