The Market for New Homes has Changed

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Real Estate Marketing Insider comments on the changes that have been observed in the market for newly-built homes.

Tobias of REMI issued some observations about the differences in the market for new homes that are evident today, and his opinion is that this may harm home buyers because it means that they are forced to suffer long waiting periods, fewer incentives and high prices if they want a new home. It may, however be a boon for sellers of existing homes as these drawbacks can be factored into a real estate marketing strategy designed to sell property online.

The Wall Street Journal reports that sales are increasing for newly built homes, along with prices in certain areas. This does not mean that the market for new homes is anything like what it was in 2005. Unlike that boom era buyers of new homes are finding that there are fewer incentives and not as many discounts. Because the market for new homes is just beginning to rise, there are fewer new homes available, which also means that there are long wait times, often several months long before a buyer can move in. The market for new homes has been very weak in the last few years, as a report from the U.S. Commerce Department states that there were only 306,000 new homes sold in 2011. The market for new homes is stronger in some areas than in others, particularly in Massachusetts and Connecticut. Along with these changes in the market, new homes are becoming larger, in spite of many predictions that the era of the large home was over.

The United States Department of Commerce was originally created to handle some of the tasks that a few years later went to the Department of Labor. Since then, there has been a gradual loss of focus for the Commerce Department, which has prompted many calls for it to be dismantled. Among the tasks still performed by the department are gathering data and compiling information about market trends and issuing patents and trademarks.

Massachusetts is one of the most densely populated states in the United States. There are two major population centers centered around Boston and Springfield. The Boston metropolitan area features many different Colleges and Universities and is one of the few areas in New England that is growing. Massachusetts has a high average per capita income compared to other states in the country. There are many different corporations headquartered in Massachusetts and technology is a major industry.

Connecticut is a very small state geographically, but it has a large population, many of whom are part of the New York Metropolitan area. Many people who work in New York City commute from their homes in Connecticut. Because of this, there are many wealthy and affluent people in Connecticut, which features the most multi-million dollar homes in the Northeastern United States. Property owners in Connecticut pay some of the highest property taxes in the United States.

Real Estate Marketing Insider today commented on the report of a resurging market for new homes.

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Real Estate Marketing Insider seeks to provide hot tips, news, and strategies for real estate professionals from their headquarters in La Jolla, California.

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