Home builders are growing increasingly optimistic this summer, with new home starts at the highest level in seven months. The construction of new single family homes rose more than 14 percent in the last month, an increase of a magnitude not seen since December 2004. Furthermore, applications for building permits rose nearly 9 percent in June, pointing towards future growth in the real estate industry. For more details about the recent growth in new housing construction, see the Associated Press story as reported by MSNBC, “Housing Construction Hits a 7-Month High.”
With plenty of homes on the market, newly constructed or otherwise, now is an ideal time to make that purchase you have been considering. While housing prices remain low and a first-time buyer tax break is available through the end of November, buyers across the country are enjoying a once-in-a-lifetime opportunity to take advantage of unprecedented deals.
Before you begin your next home search, make sure to be prepared. The National Association of Realtors® offers a variety of helpful hints for the prospective home buyer in their recent article, “Home Hunting without Fear,” presented by Realty Times.
The best way to ensure a satisfying experience is to work with a professional real estate agent. Coldwell Banker sales associates have the local expertise and global connections you need when buying or selling a home. Use our high-powered search engine at OCViewOnline.com to help you find your next dream home, and when you’re ready to take that next step, stop by your local Coldwell Banker Orange County office.