“Choices-New Construction vs Resale Homes”
Posted by Roxanne DeBerry on
In the Collin County area, we have seen many home buyers purchasing new construction homes. Why is this happening? The first reason is that the inventory on resale homes remained low and building of new homes continued to be strong. Another reason was that interest rates went up and builders had the flexibility to offer “buy downs” which helped people get into new construction homes. However, inventory of resale homes has increased and now there are lots of options for home buyers to choose from. Another factor is that with the increased inventory of resale homes, home prices have moderated since the pandemic era.
Resale homes offer certain advantages that new construction homes don’t. Resale homes are in an established neighborhood that the buyer…
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