Builder of New Homes in Orange County NY Says Tight Inventory and Consumer Confidence are Selling More Homes

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Brian Rosen, the builder of Highrose Ridge, a neighborhood of new townhomes for sale in Orange County, discusses factors contributing to the growth of the housing market.

On June 4, Brian Rosen, builder of Highrose Ridge, voices optimism regarding the growth of the national housing market. He sees it reflected in the surge of traffic at his new neighborhood of townhomes, Highrose Ridge, the most value-driven new homes in Orange County NY.

Rosen says that the rise in home prices is contributing to buyer confidence. “Buyers are seeing the prices of new home sales starting to rise. Add to that the rebound in job creation and we see real recovery in the housing market,” says Rosen.

Lawrence Yun, chief economist for the National Association of Realtors, says that stronger employment is a key factoring in buyer interest, and that together these factors are helping to unleash “a pent-up demand in the housing market," according to a May 23, 2013 article in NU Wire Investor,.

The article reports that industry experts and Wall Street investors are increasingly confident about the U.S. housing market. Growing demand, an uptick in investment, low home inventories and improvement in credit score averages have contributed to this growth, reports the article.

“Buyers are on the lookout, and those in the New York metropolitan area and in Orange and Rockland counties are finding us at Highrose Ridge,” says Rosen, “where we’re offering spacious family homes at a lower price than you’ll be able to find anywhere else in the tri-state market.”

Home prices are trending upward, as Yun explains in the article: "Double-digit price gains are within reach in 2013 because inventory is bouncing near 13-year lows." Yun predicts the “median home price” will increase, “8% this year and by 5% next year.”

According to the article, another factor contributing to the housing boom is the tight housing inventory. Demand for homes is beginning to outstrip the available supply. Rosen says this short supply is another reason that the neighborhood at Highrose Ridge is offering many buyers a deal they can’t ignore. “With inventory so low, prospective home buyers are looking for the best value, and in this area, Highrose is the pearl that stands out,” says Rosen.

According to the article, more and more renters are also looking to buy homes. According to the National Association of Realtors, “51% of renters are qualified for a home mortgage, up from 24% in 2005.” Yun explains this increase brings about, “8 million more renters with the income necessary to a buy home than in 2000.” He anticipates more renters will become a part of the housing market.

“If you’re planning to set up roots in a home for longer than five years, chances are it’s more financially viable to buy than rent – especially with respect to new construction,” says Rosen. “We’re turning that fact into real opportunities for dozens of families. It’s our goal to help families start meaningful traditions in homes that they own.”

With the beautiful townhomes at Highrose Ridge, the second- and third-generation family business at Rosen Property Group returns to its roots as a hands-on residential homebuilder with tremendous attention to detail and a strong commitment to value-driven housing. Designed for first-time home buyers, growing families as well as empty nesters, Highrose Ridge is the perfect place to live.

Highrose Ridge features several spacious three-bedroom, low-maintenance townhome models available in a scenic hillside setting in Orange County. We're selling so much more than just homes: Highrose offers a full lifestyle complete with pool, fitness club and a clubhouse at the heart of the neighborhood. Highrose is conveniently located in close proximity to major highways, including I-84, Route 17 and the New York State Thruway, making it an easy commute to Manhattan, the boroughs, Westchester, northern New Jersey, or anywhere in the tri-state area. It's country living that is completely convenient. Start your family traditions with us! Call: (845) 344-4600 or visit highroseridge.com today to find out how you can secure your dream home!

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Vicki Bibbo
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