Middletown, NY (PRWEB) June 19, 2013
On June 19, Brian Rosen, builder of Highrose Ridge, a neighborhood of spacious new townhomes, discusses conditions contributing to the housing recovery.
According to an article in Market Watch, house prices, construction permits and builder confidence have helped foster conditions for the housing recovery.
The S & P/Case-Shiller index reports that for the 10th month in a row, home prices hit “a year-over-year gain, with the 10-city metro index, the 20-city metro index, and even the nationwide index, tacking on double digit gains.” The Composite 20 index 20 of 20 also scored the biggest year-over-year increase.
The Federal Housing Financing Authority (FHFA) states its housing index report demonstrated its “seventh consecutive quarterly increase,” with a 6.7% uptick in house prices. 41 states showed price gains, according to the article.
“The rise in house prices is one of the reasons we’re glad to be offering a great value on quality, spacious low-maintenance townhomes for sale,” says Rosen. “We had first-time buyers in mind when we built Highrose Ridge. You simply can’t get more home for your money anywhere in the county.”
According to the Census Bureau, housing construction is experiencing a big boost, as permit distribution has hit its “highest levels in five years,” reports the article. In addition, the rate of housing construction is still, “up 13% year-over-year.” Builders are growing confident as the National Association of Homebuilders (NAHB) reports that, “measures of current sales conditions, sales expectations and prospective buyer traffic all moved higher” across the board. NAHB’s, “measure of confidence in future sales” also hit their best levels since February 2007.
Low mortgage rates coupled with the fact that, for many, it is more costly to rent than to own a home, have also created a more hospitable environment for recovery, according to the article. Rosen says builders reported a surge in sales during the spring season as buyer confidence rose, and that new homes are a better investment overall in the current market. “As demand increases, prices are rising. If you’re thinking of buying a home, the time is now.”
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!