Shifting market conditions are starting to make new homes much more attractive to home buyers than in recent years. Historic low inventory combined with upward price pressure on existing inventory means that it’s time to take a second look at new construction. At Silver Gate for instance, 3 really nice new 3/2 homes are less than $190,000 in Anderson. According to the mortgage calculator at the link, an FHA loan with 3.5% down and at 4% interest rate yields a $879 per month principal and interest payment. Of course, you may not get that rate or loan, but it can be seen as a ballpark figure. And as such, it would seem you could buy NEW for just about what you might pay in rent.

Listed for sale by Sam Yount of Banner Realty, its a 1421 sqft 3/2 on just over a 1/4 acre lot. It has fire sprinklers too, an awesome safety feature that also saves on insurance costs. Plus a one year warranty on everything.
Spend a day out looking at the diminishing inventory of stinky foreclosures and beat up short sales, and you may want to consider the advantages of buying new.
Here’s a link to the 23 currently listed new construction homes around Redding for sale around here.

As always, you can see all the local homes for sale at http://TheAddressRealty.com

Times must be tough indeed for new home builders. Well no point in dwelling on it. Blow them out and move on. Here are 4 spanking new homes being sharply reduced to the bone, from the builder boys (and girls) at Palomar. Big drops by any standard. Jeb Allen always seems to keep a crew working even if he isn’t making a buck. Somebody needs to do it. Anyway, thanks Jeb. Meanwhile somebody is getting a smokin’ deal on these 4.

The saying is true,
there’s nothing like new

609 Grants Pass is a 1618 sqft 3/2. It had been $259,800, but now is being blown out at $238,900, at $21K drop. Profit margin? Who needs that? We have homes to build.

772 Grants Pass is a big 2068 sqft 4/2. It had been $329,800, but is being pushed out at $289,800, a drop of $40K. It only hurts when you think about it. So don’t.

632 Durango is an even bigger 2118 sqft 4/2. It had been a hopeful $332,800, but capitulation says now it’s $294,800. At least the subs got paid.

667 Mill Valley is our favorite of the bunch. Had been $358,800, but now it’s less, at $318,800, a swift $40K kick to the groin. It’s a 1908 sqft 4/2. We took some more photos of this one, because we liked it so much.



Call us up and we can show you more. You’re not kicking him when he’s down. You’re helping yourself to a sweet deal. Call or Text (530) 255 4070