A year ago, first-time buyers were driving the market. This year, there’s no one specifically behind the wheel, so some homebuilders are pinning their hopes on selling homes to people who already have them.
In recent conversations with financial analysts, some of the nation’s largest publicly held builders talked up the strength of the move-up and trade-down segments of the market and their interest in capturing that customer.
PulteGroup Inc. CEO Richard Dugas noted the shift of sign-ups from its entry-level Centex communities to its Pulte and Del Webb products and said the company was “holding serve on our move-up buyer.”
Sharp Residential has new homes in the Smyrna/Vinings area with fantastic pricing. Originally available from the $600’s homebuyers can now get a new home in a highly sought-after area starting in the $300’s. Just two homes remain in this neighborhood, so hurry to West Haven and take advantage of the pricing before it’s too late!
The home on Lot 26 sits on an private lot and is a stunning two-story masterpiece. It has four bedrooms and three-and-a-half baths. Interior appointments include a three-story wrought iron stairwell, granite countertops, hardwood floors and more. The h
Pending home sales may have grown 8.2% between April and May, but a housing recovery remains a ways off, real estate analytics firm Radar Logic said this week.
Radar Logic picked apart the latest pending home sales report, saying 8.2% month-over-month sales growth does not equate to a recovery when sales are down 20.4% from last year when consumers rushed to buy to take advantage of federal tax credits. Instead, Radar Logic concluded that May’s pending home sales remain “essentially flat.”
Furthermore, an influx of distressed properties, including many that are still waiting to come online, remain a constant threat to market confidence and home prices, according to the report.
“Regardless of what may happen to sales contract activity in any given month, the fact remains that the inventory of homes for sale and in the foreclosure pipeline far outstrips current demand,” Radar Logic said.
Victory Park is a 75-acre master-planned community in Dallas that boasts everything from high-residences to beautiful hotels and upscale restaurants and shops.
Located on the west side of Dallas, this area has become one of the most successful examples of new construction over the last few years. However, like nearly every other area of Dallas, it has experienced a downturn due, in part, to the economic downturn.
Just a couple examples of the exceptional construction found in Victory Park include the W Dallas and the House by Starck & Yoo. These two high-rise condominium projects undoubtedly provide some of the finest residential living in Dallas.
Sharp Residential has new homes in the Smyrna/Vinings area with fantastic pricing. Originally available from the $600’s homebuyers can now get a new home in a highly sought-after area starting in the $300’s. Just two homes remain in this neighborhood, so hurry to West Haven and take advantage of the pricing before it’s too late!
Victory Park is a 75-acre master-planned community in Dallas that boasts everything from high-residences to beautiful hotels and upscale restaurants and shops.