Home builder confidence levels are continuing to rise according to the Housing Market Index. This measure of home builder confidence reported by the National Association of Home Builders has continued to rise for the past few months, which may be a sign of higher new home prices. When Seattle home builders’ confidence is higher, builders are less likely to make price concessions during the sale of new homes.
Today’s new construction market is a “builder’s market,” and Seattle home builders are becoming more confident because of it. This market is this way because fewer houses are available for sale, while more people are interested in purchasing. If you are going to buy a newly constructed home in Washington within the next few months, it may be in your favor to move up your time frame and purchase sooner rather than later. The experts at Sammamish Mortgage can help you with your new home purchase. Get the latest Seattle mortgage rates and start planning your move today!