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Jason Mikkelsen
REALTOR®
(515) 231-4935

Posts from August 17th, 2023

2020 Outlook: Real Estate Market Forecast

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August 17th, 2023 by

In today's housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they've been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly built homes making up a historically large percentage of the total available inventory today, that search often includes brand new homes.

People Are Spending Less on Newly Built Homes

The graph below uses the latest information from the Census to show, in June, more of the newly built ho...

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Categories: Buyers
Tags: Home, Home Sales, Money saving tips, Buyers, home mortgage
Jason Mikkelsen
Jason Mikkelsen Cell: (515) 231-4935 Email Me
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