New Homes May Have the Incentives You’re Looking for Today

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country.
I can share from first person experience, homebuilding in Myrtle Beach is full steam ahead. If a NEW home is what you are seeking, I can help. In fact, as a referral agent across the country, I can assist in the sale of your current home, downsizing and staging for the big event.
Ideally, most folks start the journey two-to-three years out from an actual move. They visit the Grand Strand to get a “feel” for things and try to envision themselves living a coastal lifestyle.
Comparing and contrasting the different communities for investment and/or retirement living is my sweet spot. The average person visiting does not know seasonal traffic patterns, for example. 

The Supply of Newly Built Homes Is Rising in Myrtle Beach.

When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the inventory of existing homes is on the rise today, it’s still in tight supply, meaning it can be challenging to find just the right one.
The inventory of newly built homes, however, is also rising. The graph below shows just how much the supply of newly built homes has grown this year.

And here’s the thing – builders are also keeping a close eye on current market trends. With mortgage rates rising this year and, as a result, buyer demand softening, builders are slowing their pace of new construction. That’s because they learned their lesson in the housing crash of 2008 and want to avoid over-building and having too much inventory in their pipeline.
Basically, while there are more newly built homes on the market today than there have been in years, many builders want to sell their current inventory before adding much more – and that’s where you can really benefit. Today, builders may be more willing to work with buyers. 
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Bottom Line: 
If you’re ready to buy, it may be time to look for a newly built home versus existing inventory. To learn what’s available in Myrtle Beach, Conway, Murrells Inlet or Pawleys Island and what incentives these builders are offering, let’s connect today.