I talked with one builder today who says his company has already sold over 40 new homes this year (which is a very brisk pace for January sales). If you are considering purchase of new construction most builders have 3 month to 1 year wait for delivery timeline from contract to delivery (if they have available lots to sell).
Resale home inventory is low right now, but there is a lot of pent up demand so inventory levels will likely remain low with prices stable to increasing as we move into the selling season.
This will be a market that buyers will have to be patient and not get so caught up in the competitive mind set that leads to mistakes in the purchase process. Be patient and buy right. Alan
Please give me a call or shoot me an email so we can discuss your scenario a bit more. I would be more than happy to help you out. I have been originating loans for over 15 years and I am confident I can help you achieve your goals.
Elliott R. Oliva
Washington Mortgage Group, Inc.
7619 Little River Turnpike,#350
Annandale, Virginia 22003
â€œSe Habla Espanolâ€
Senior Loan Officer
1ST Mariner Mortgage
Lending in all 50 states