The top 10 cities to buy a newly built home in the US
Realtor.com reports that homebuilders are increasingly focusing on the Southern United States to meet housing demand. The Carolinas are highlighted as top destinations for new construction due to affordability and inbound migration.
Why it matters
This trend reflects a shift in the US housing market where new construction is becoming the primary solution to inventory shortages caused by existing homeowners holding onto low mortgage rates.
Charleston, South Carolina. Kruck20/Getty Images Homeowners are still staying put, making it hard for homebuyers to find available homes for sale. The good news is that homebuilders are stepping up their efforts, especially in the South. Realtor.com ranked the top 10 metros for buying a newly built home, and most are in the Carolinas. Nearly halfway through the year, the housing market remains stuck in a familiar rut: Many homeowners with low mortgage rates are staying put, leaving prospective buyers to compete for the few homes available for sale. The good news is that homebuilders are stepping up construction efforts, particularly in the South, according to a report from Realtor.com. The company ranked the 10 metros where buyers are most likely to find a newly built home at a competitive price.
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