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First-time buyers find newer homes to choose from

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

About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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Contact Information

CA Department of Real Estate Lic.# 01960213
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