Send Your REFERRALS

Do you know a friend who is interested in buying a home?CLICK HERE

Schedule A MEETING

Meet with one of our agents for a consultation… CLICK HERE

Why Invest TODAY?

Check out these FAQs to help you decide whether to invest today or not… CLICK HERE

First-time buyers find newer homes to choose from

Source: Realtor.com
Sales of cheaper newly constructed homes, which buyers have been clamoring for, dropped in September, according to the U.S. Commerce Department’s new residential sales report. In fact, just 2 percent of all new home sales were under $150,000 last month—down from 5 percent of sales the previous month and 5 percent from the same time a year ago, means builders are erecting only a very limited number of starter homes.

 

Meanwhile, about 12 percent of never-been-lived-in-before homes between $150,000 and $199,999 were sold last month. That’s a dip from 13 percent of new home sales both in August and the same month the previous year. The majority of new home sales, 57 percent, were in the $200,000 to $399,999 range, according to the report.

First time buyers

This entry was posted in Buying a Home, Real Estate and tagged , , . Bookmark the permalink.

Leave a Reply

FEATURED PROPERTIES

714-835-7126

714-835-7126

Contact Information

CA Department of Real Estate Lic.# 01960213
  • facebook
  • twitter
  • linked in