The new year is a great time to set goals and make a plan of action. If buying a new home is on your list this year, there’s no better time to get started. With an estimated million more people moving to the Alamo city within the next ten years, now is the time to bring that dream to the forefront – find your ideal location, plot of land, and let us build you a luxury home you will love for life.
As always, we’re here to help. Here are some updates on current housing market trends, so that you can be as informed as possible when making your home buying decisions:
- According to Market Watch, mortgage rates are expected to rise in 2018. CoreLogic, a data provider for the real-estate industry, averaged six forecasts of mortgage rates, arriving at a consensus view that the 30-year fixed will average 4.7% in December 2018. In November 2017, the 30-year, fixed-rate mortgage averaged 4.07%.
- According to USA Today, the U.S. has been experiencing a housing shortage. Baby boomers are staying in their homes longer than previous generations, it’s assumed, because they’re living longer, healthier lives. What this means is building a new home might just be easier than buying a previously owned one.
- As far as San Antonio is concerned, the housing market is showing no signs of cooling. 2017 was another record year for our beautiful city. New home sales are expected to increase by 7% this year, while existing home sales are likely to increase only 2.5%. Looks like everyone’s wanting a custom-built home!
Find out why a custom-built home is the best idea for you too! Call us at 210-494-5400 to set up a free consultation. You can also fill out our online form to request more information.