NOW TRENDING: new homes

New built homes are now more accessible to Homebuyers

Sales of newly constructed homes jumped 12.3% in September


New built homes are the more accessible to Homebuyers

Sandy Flores broker

Giving You The Best Services Experiences

New construction has been an appealing alternative, attracting determined buyers frustrated by the historically low supply of existing homes. Still, affordability concerns remain.

The seasonally adjusted estimate of new homes for sale at the end of September was 435,000. This represents a supply of 6.9 months at the current sales pace.

The average rate for a 30-year, fixed-rate mortgage was 7.63% last week, according to Freddie Mac, and there are indications it could continue to climb.

There is an ongoing inventory and affordability crunch that has homeowners with mortgage rates of 3% or 4% reluctant to sell and buy another home at a much higher rate.

By comparison, there were 1.13 million existing homes for sale at the end of September, or the equivalent of 3.4 months’ supply at the current monthly sales pace.

Typically, the ratio of existing homes to new homes has been closer to 5 to 1, but lately it has been closer to 2 to 1, according to the National Association of Realtors.

How we may help you best?

"Real Estate knowledge, and experience are the key that unlocks opportunities and empowers my clients to make well-informed decisions."

Sandy Flores

Real Estate Broker

In the world of real estate, trust and loyalty are essential.

My 28 years of experience have been dedicated to earning the trust of clients and fostering loyalty through personalized service, consistent results, and wholehearted commitment to their best interests.


Contact Us

Sandra M. Flores  CADRE Lic.#01122114  - NMLS Lic. #324482       

Broker Officer at J.C. & S.M. INC.DBA. Real Estate On Demand & Home Loans On Demand Licensed by                              California Department of  Real Estate Lic. # 01520569 NMLS # 235895                                              

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Experience-Driven Excellence!
Where Strategies are Sculpted,
Transactions Perfected, and Dreams of
Both Buyers and Sellers Realized.

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