Middletown, NY (PRWEB) June 24, 2013
On June 24, Brian Rosen, builder of Highrose Ridge, a neighborhood of new townhomes in Orange County, discusses the housing market recovery.
Rosen says that the neighborhood at Highrose Ridge was designed to be priced below the national median. “Offering competitive pricing without sacrificing quality was a priority for us. Our lowest-priced three-bedroom model starts at about $239,000,” he says. “Combine the spaciousness of the homes with their low-maintenance design and the lifestyle amenities we offer at Highrose, and it adds up to serious value for first-time homebuyers.”
According to an article in the Wall Street Journal, the housing market recovery is well under way as the sales of previously owned homes increased to their highest level in three years. The National Association of Realtors reports their index for existing home sales went up 0.3% this past April, up from the month before and a 10.3% increase from last year.
Home prices are on the rise as well, reports the Wall Street Journal. In March, home prices increased 10.2% from last year, which, according to the Standard & Poor’s/Case-Shiller national index, is the largest annual gain in seven years. Rosen says the market is seeing high demand for new homes, and that in the current market “we’re occupying a very unique, short-term window” in which newly-constructed homes are a better buy. Even though there is a decrease in demand for previously owned homes due to a shortage in property sales, the increased prices of previously owned homes have given homeowners confidence of their selling potential. With price increases fostering more sellers to “test the market,” the increase in supply “could boost sales while tamping down price growth.”
Lawrence Yun, chief economist at the National Association of Realtors (NAR), states, “The housing market continues to squeak out gains from already very positive conditions.” The housing market looks to be one of the key drivers of overall economic growth; as prices increase, more houses are sold and construction projects grow.
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!