Have you dreamed about building your dream home? Now might be the time you should do it. The home inventory is way down, and what is available on the market is lacking for the most part. There is a surplus of buildable lots on the market at huge discounts still, and mortgage rates at historic lows.
Once the supply of these bank owned lots is gone, that is it… Any new supply of lots will be at much higher prices to cover the costs of subdividing and improving the lots. This inventory is priced way below replacement value.
Contact me if you are interested in seeing this supply of bank owned lots.
If you have built before or if you have dreamed about building, you will like this short clip from Mr. Blandings Builds His Dream Home. Classics are classics for a reason! …some things never change!
- Mortgage Rates Remarkably Steady At Historic Lows (mortgagenewsdaily.com)
- Existing Home Inventory declines 17% year-over-year in January (calculatedriskblog.com)
- New Construction Stays Hot; Home Buyers Buy Up Supply, And Then Some (themortgagereports.com)