With some communities seeing incredibly low numbers of existing homes for sale, buyers are turning to new housing developments that they might not have considered before. Such developments are often farther away from workplaces, less quaint, on smaller lots, and come with HOA fees, making them less desirable than established homes. However, they have the advantages of being brand new, available, and often accompanied by builder incentives.
Buyers turn to new construction as the ‘existing home’ market dries up
