Did I just hear a commentator on Fox Business say that home builders have excess inventory of new homes, which will force them to lower prices?
I must have only caught part of his comments.
There's an old saying that all real estate is local. In my local market, builders do not have excess inventory of unsold new construction homes. Demand remains high and the shortage of building materials really hasn't changed much if at all.
In fact, a new home buyer I've been working with, who was waiting out the market, pulled the trigger and wrote a contract just last week. He was seeing limited home site releases, and didn't want to miss the chance to get what he wanted.
Should you sell your current home to take advantage of a seller's market and continuing strong demand? Take this fact into account: The country has a 6 million unit housing shortage.
Contact me with your Lakewood Ranch, Sarasota, Venice, and Parrish real estate questions.