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Americans are looking beyond their local markets for new homes
Developing
Many shoppers viewing homes in Lakeland came from Miami , Orlando and Tampa, the report found. FLEEING FOR THEIR FUTURES, A CALIFORNIA EXODUS UNLEASHES A FLORIDA 'GOLD RUSH' Out-of-town shoppers accounted for more than 83% of new-construction views in Lakeland, Florida. (iStock) Deltona, Florida; Charleston and Greenville, South Carolina; Stockton, California; and Augusta, Georgia, also drew strong interest from out-of-market shoppers, the report found.
Lucie at 80.9% and North Port at 80.5%, according to a new Realtor.com report. "The new builds are competitively priced in these metros, so out-of-metro buyers who maybe did not necessarily have new construction in mind find lots of new builds that fall into their price filters," Realtor.com senior economist Joel Berner said in a statement.
Brian Stephens, a real estate agent and team leader with eXp Realty in Lakeland, said builders are also attracting buyers with closing-cost assistance and mortgage-rate buy-downs. Nationally, the median asking price for a newly built home was $450,256 during the second quarter, down 0.1% from a year earlier, according to Realtor.com.
Affordability and Sun Belt lifestyle are among the major factors driving out-of-market interest in those areas, according to Berner.
What's confirmed
What's still developing
- Lucie at 80.9% and North Port at 80.5%, according to a new Realtor.com report .
- FLEEING FOR THEIR FUTURES, A CALIFORNIA EXODUS UNLEASHES A FLORIDA 'GOLD RUSH' Out-of-town shoppers accounted for more than 83% of new-construction views in Lakeland, Florida. (iStock) Deltona, Florida; Charleston…
- "The new builds are competitively priced in these metros, so out-of-metro buyers who maybe did not necessarily have new construction in mind find lots of new builds that fall into their price filters," Realtor.com…
- Affordability and Sun Belt lifestyle are among the major factors driving out-of-market interest in those areas, according to Berner.
- Many shoppers viewing homes in Lakeland came from Miami , Orlando and Tampa, the report found.
- Brian Stephens, a real estate agent and team leader with eXp Realty in Lakeland, said builders are also attracting buyers with closing-cost assistance and mortgage-rate buy-downs.
- Nationally, the median asking price for a newly built home was $450,256 during the second quarter, down 0.1% from a year earlier, according to Realtor.com.
Sources
- Fox Businesslink