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US job growth remains solid as recently as September as the Fed fights against inflation, adding to growing themes that point to a strengthening nationwide economy. According to the National Association of Home Builders, “In the nine months of 2023, nearly 2.3 million jobs were created, and monthly employment growth averaged 260,000 per month, following the average monthly growth of 399,000 in 2022.” That’s back-to-back years of immense job growth. But what does this improvement to our economy mean for those interested in buying a new home?
The uptick in US job numbers is excellent news for prospective homebuyers! A thriving job market is often indicative of a stable economy, and such times are beneficial for making significant investments, like purchasing a home. Making such financial strides can come with many benefits, such as the ability to begin building equity.
For those diving into homeownership for the first time, purchasing a home at a great fixed rate is often top of mind, as your monthly principal & interest payment will remain constant.
If you’re interested in buying a new home but are worried now isn’t the right time, you’re not alone. According to the Fannie Mae Home Purchase Sentiment Index released in September 2023, more than 80% of potential homebuyers think it’s better to wait. However, homebuyers may not realize one of the main reasons why now is still a great time to buy: interest rates. In 2021, they were at 2.96%, a historic low, but have steadily increased to over 7% as of today.†
This means waiting could cost you more. But if you’re in search of securing a mortgage rate lower than the current federal one, a new home may be your answer.
Lennar can help you take advantage of competitive rates through their affiliate lender Lennar Mortgage. Lennar Mortgage provides a simple path to homeownership and helps to make applying for a mortgage simple and stress-free.
From helping to secure you with a great rate through Lennar Mortgage, to providing important resources to assist you in your homebuying journey, Lennar is designed to help you succeed every step of the way. You found your dream home; Lennar wants to make it a reality.
So, start your search today, to find a home you’ll love by visiting www.lennar.com today.
†This statement is based on currently available information from https://themortgagereports.com/61853/30-year-mortgage-rates-chart#loan-purpose current market conditions and should never be relied upon. Market rates are based on market trends and other factors that can cause predictive statements to differ materially. Lennar makes no guarantee of present or future market conditions. Forecasts, projections and other predictive statements should never be relied upon. You should consult your own accounting, legal and tax advisors to evaluate the risks, consequences and suitability of any real estate transaction. Current offers and promotions vary by homesite and community. See a New Home Consultant for additional information. Financing is available through seller’s affiliate lender Lennar Mortgage, but use of Lennar Mortgage is not required to purchase a home (See Affiliated Business Arrangement Disclosure). Lennar Mortgage, LLC – NMLS # 1058. This is not an offer in states where prior registration is required. Void where prohibited by law. Copyright © 2023 Lennar Corporation and Lennar Mortgage, LLC. All rights reserved. Lennar, the Lennar logo, Lennar Mortgage and the Lennar Mortgage logo are U.S. registered service marks or service marks of Lennar Corporation and/or its subsidiaries. Arizona – Lennar Sales Corp.; HSP Arizona, Inc. ROC 242267B-2; ROC 138431B; ROC 144869A; Lennar Arizona Construction, Inc. ROC 228129B; Lennar Arizona, Inc. d/b/a Lennar Homes ROC 232731B; Lennar Communities Development, Inc. ROC 137295KA / California – CalAtlantic Group, Inc. (Responsible Broker: Joanna Duke) #02058246; BMR Construction, Inc. 830955; Lennar Sales Corp. (Responsible Broker: Joanna Duke) #01252753; CalAtlantic Group, Inc. 1037780;; Lennar Communities, Inc. 66241; Lennar Homes of California, Inc. 728102 / Florida – Lennar Realty, Inc.; Lennar Homes, LLC CBC038894; CGC062343, CGC1518166, CBC1257529, CGC1523282, CBC1260831, CGC1526578, CBC051237; Standard Pacific of Florida GP, Inc. CGC1506052, CGC1517342; U.S. Home Corporation CGC1518911; WCI Communities, LLC CGC031523 / Maryland – CalAtlantic Group, Inc. MHBR No. 128; U.S. Home Corporation MHBR No. 316 / Minnesota – Lennar Sales Corp.; CalAtlantic Group, Inc. BC736565; BC700385; U.S. Home Corporation BC001413 / Nevada- Lennar Sales Corp.; Greystone Nevada, LLC 48844; Ryland Homes Nevada, LLC; Lennar Reno, LLC 64226; Ryland Homes Nevada, LLC 56652 / New Jersey – Lennar Sales Corp. / North Carolina – Lennar Sales Corp. / Oregon – Lennar Sales Corp. #201206464; Lennar Northwest, Inc. CCB #195307 / Pennsylvania – Lennar Sales Corp. / South Carolina- Lennar Carolinas, LLC / Tennessee – Lennar Sales Corp. ph. 615-465-4328 / Utah – Lennar Homes of Utah, Inc. / Washington – Lennar Sales Corp.; CalAtlantic Homes of Washington, Inc. CALATHW836LR; Lennar Northwest, Inc.LENNAN1893QG / West Virginia – US Home Corporation d/b/a Lennar; #WV060106. Date 10/23
Los Saguaros is a new community of single-family homes coming soon to Marana, AZ. The community is now open for pre-sales, with homes starting from the $700,000s! Explore a variety of floorplans suitable for every lifestyle, including our signature Next Gen® home design. Plus, every home is complete with stylish features and popular upgrades at no additional cost. Act now to take advantage of introductory pricing available for a limited time!
“We’re excited to offer these new homes to buyers in a great Marana location,” said Tom Gansheimer, Division President of Lennar Tucson. “With pre-model opening pricing, modern designs and included upgrades, there’s a home ideal for every stage of life in Los Saguaros.”
This community will offer eight floorplans to choose from, including three Next Gen® designs. Ideal for multigenerational living, home offices or whatever your lifestyle demands, every home includes an attached suite with its own private entrance, living space, kitchenette, bedroom and full bathroom. Select homes will feature oversized RV garages for added space.
Residents of Los Saguaros will enjoy a convenient location with close proximity to parks, outdoor trail systems and the Highlands Public Golf Course. Easy access to local schools, shopping centers and more makes commuting a breeze.
Los Saguaros is located at Dove Mountain Boulevard and Los Saguaros Drive, Marana, AZ 85653. Homebuyers interested in learning more about this community are encouraged to call 520-399-7923 or visit online at www.lennar.com/tucson.
Lennar Northwest was honored to be a featured builder during Spokane’s 19th Annual Fall Festival of Homes. Showcasing 19 homes from 15 different builders across Eastern Washington, future homebuyers got to experience our beautiful Meridian floorplan, part of the Platinum Collection at our Woodridge community in Spokane.
“This was an amazing event that we were very excited to be a part of,” said Bill Salvesen, Division President of Lennar Northwest. “Woodridge is an excellent example of what life is like in a Lennar community and we were so proud to showcase it along other fellow homebuilders.”
The 19th Annual Fall Festival of Homes took place September 22nd – 24th and September 29th – October 1st and was sponsored by the Spokane Home Builders Association and Fred’s Appliances. As the largest new home construction showcase in Eastern Washington, Lennar’s Meridian design was featured as the 19th home.
Part of the Platinum Collection, the Meridian offers five bedrooms and three bathrooms with 3,081 square feet of living space. A spacious two-story home design, this single-family residence offers a smart layout with a flexible first-floor bedroom and modern open design among the gourmet kitchen, spacious Great Room and dining area. Upstairs a bonus room provides more living space surrounded by the remaining four bedrooms, including the lavish owner’s suite. Pricing for the Meridian begins in the low $600,000s.
Homes are now selling in Woodridge and homebuyers can explore three unique home collections to choose from – the Classic Collection, Platinum Collection and Inspiration Collection. The community is perched atop a ridge, with many homes boasting sweeping views of the Spokane Valley and beyond.
Many homes are move-in ready and available now, with 13 different floorplans offered in total. Ranging from two to six bedrooms and two to four bathrooms, homes in Woodridge span 1,016 – 4,122 square feet in size. Designed with modern living in mind, every home comes complete with stylish finishes, popular upgrades and much more at no additional cost.
Located in beautiful Spokane, residents will enjoy easy access to recreation sites including the Centennial Trail from Spokane to Coeur d’Alene and numerous golf courses. The Spokane metro area and all its commerce, culture and fun are close by. Homes are available now in Woodridge and the model homes are available to tour by appointment. The community is located at 10564 N Paiute St. Spokane, WA 99208. Interested parties are encouraged to call (855) 218-8006 for more information or visit online at www.Lennar.com/Woodridge.
