• Nova Homes of South FL

Demand for Homes Continues to Remain Strong



A New Home Under Construction by Nova Homes of South Florida, Naples, Florida

The latest nationwide real estate news shows demand for homes continues to remain strong. However, inventory shortages resulted in a dip in closed sales in February. Yet, as we head into the summer months, pending sales continue to increase.

Also, there is good news on the financing side. If you are buying a home, the number of times closings are delayed continues to decline. In general, there are two main reasons for delays in closings, financing issues and appraisal issues.

And, the good news is interest rate changes are not impacting demand for housing by home buyers. In a recent survey by the National Association of Realtors, 47 percent of consumers said it was a good time to buy property. In addition, the latest data confirms buyers are purchasing homes. For example, new home sales are 10 percent higher than this same time last year. Additionally, homes are selling within 45 days as compared to 59 days in 2016.

Finally, the consumer confidence index jumped up to 126 in March which is a 10 percent increase. This is the highest level

since December of 2000.

Nova Homes of South Florida is going strong in Southwest Florida. The Naples-based builder is providing custom luxury homes for homebuyers of all price ranges. The same attention to detail and finishes is completed with the same care and quality for all Nova Homes. For more information please call 239.307.6116 or visit www.novahomesbuilder.com

since December of 2000.


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