new build – Page 6 – The Markel Group

Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

by markelgroupBlog, buying, Cheryl Markel, investment, lending, luxury, market, new build, real estate, selling August 6, 2021August 6, 2021No Comments

In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.” However, it seems buyers are now shifting their preferences back to existing homes. The latest Consumer Confidence Survey reveals …

With Rents on the Rise – Is Now the Time To Buy?

by markelgroupBlog, buying, Cheryl Markel, lending, market, new build, real estate August 3, 2021August 3, 2021No Comments

According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than 1% from month to month. In May and …

Key Questions To Ask Yourself Before Buying a Home

by markelgroupBlog, buying, Cheryl Markel, market, new build, real estate August 3, 2021August 3, 2021No Comments

Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision. Before you decide whether you’re ready to buy a …

A Look at Housing Supply and What It Means for Sellers

by markelgroupBlog, buying, Cheryl Markel, covid, investment, lending, market, new build, real estate, selling July 27, 2021July 27, 2021No Comments

One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and likely, more offers. …

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market?

by markelgroupBlog, buying, Cheryl Markel, investment, lending, luxury, market, new build, real estate, selling July 23, 2021July 23, 2021No Comments

Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up. Terms …