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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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Blog Image: Are New Homes Going to Be Available to Buy This Year?

Are New Homes Going to Be Available to Buy This Year?

In today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year. With the housing market positioned to lead the way out of this recession, builder confidence might be a bright spark that gets the recovery fire started. The construction of new homes coming right around the corner is a huge part of that effort, and it may drive your opportunity to make a move this year.   According to the National Associa...

June 30th, 2020 | For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Are New Homes Going to Be Available to Buy This Year?

Blog Image: New Homes Coming to the Housing Market This Year

New Homes Coming to the Housing Market This Year

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will begin to come to market over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Construction Report, the number of building permits issued in January was 1,551,000. This is a 9.2% increase from December. How will this impact buyers? New inventory means more options. Lawrence Yun, Chief Economist at the National Association of Realtors (NA...

March 11th, 2020 | For Buyers, For Sellers, Housing Market Updates, New Construction, New Homes Coming to the Housing Market This Year

Blog Image: Where Have All the Houses Disappeared To?

Where Have All the Houses Disappeared To?

If you’re following what’s happening in the current housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers. Another reason is that the inventory of existing homes for sale is shrinking. According to the most recent Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 10.8% from the same time last year. That exceeds expectations and is great news. The troubling news from the report is that the sold i...

February 11th, 2020 | For Buyers, For Sellers, Housing Market Updates, New Construction, Where Have All the Houses Disappeared To?

Blog Image: The #1 Reason It Is Difficult to Find Your Dream Home

The #1 Reason It Is Difficult to Find Your Dream Home

The headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a home because there is a shortage of homes available for sale in the lower price points. Boomers are staying in their current homes longer because there is a shortage of homes available for sale to which they would move. In certain markets, affordability is becoming more challenging because there ...

January 31st, 2020 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, The #1 Reason It Is Difficult to Find Your Dream Home

Blog Image: The 2 Surprising Things Homebuyers Really Want

The 2 Surprising Things Homebuyers Really Want

In a market where current inventory is low, it’s normal to think buyers might be willing to give up a few desirable features in their home search in order to make finding a house a little easier. Don’t be fooled, though – there’s still an interest in the market for some key upgrades. Here’s a look at the two surprising things buyers seem to be searching for in today’s market, and how they’re impacting new home builds. Homebuyers Are Not Giving Up Their Garages The National Association of Home Builders (NAHB) recently released ...

January 21st, 2020 | For Sellers, New Construction, The 2 Surprising Things Homebuyers Really Want

Blog Image: Planning on Buying a Home? Be Sure You Know Your Options.

Planning on Buying a Home? Be Sure You Know Your Options.

When you’re ready to buy, you’ll need to determine if you prefer the charm of an existing home or the look and feel of a newer build. With limited existing home inventory available today, especially in the starter and middle-level markets, many buyers are considering a new home that’s recently been constructed, or they’re building the home of their dreams. According to Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), “The second half of 2019 has seen steady gains in single-family construction,...

November 5th, 2019 | First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction, Planning on Buying a Home? Be Sure You Know Your Options.

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