2024 is right around the corner, bringing with it resolutions and new opportunities. We want each year to be better than the last, so what better way to ring in the new year than buying a new home? A warm, welcoming, brand-new home with endless possibilities to create happy memories.
It can be difficult to navigate the constant flux of the real estate market to determine exactly when to buy a home, so we’ve provided you with four reasons why you should buy a happy new home this happy New Year.
1. Ability to start building equity now
Even adjusted for inflation, home values today are multiple times higher than they were 50 years ago. Going hand in hand with this, home prices have increased each decade since too. For homebuyers, this may mean the sooner the better when it comes to purchasing a home. A down payment on a home can likely grow in value faster than money in a savings account. Not to mention this may increase your own net worth – not a landlord’s.
2. Waiting could make prices worse
Waiting for the warmer seasons to come has the potential of seeing higher costs. Parents often wait to move during this time so their kids’ academics aren’t disrupted. This increase of people on the market can influence price and rates.
It’s also uncertain where home prices are headed. They may dip periodically, but historically they always climb. Experts at CoreLogic and housing economics at real estate firms like Zillow forecast that even higher prices are ahead. So if you can afford it, why wait? No one can predict the future, but the age-old advice still rings true – buying a home can be a good investment.
3. If rates drop, competition will rise
If rate costs begin to ease, there will be a flood of demand over the market. As Shark Tank investor and real-estate mogul Barbara Corcoran said in a post on Instagram, it is highly unlikely the days of 2%-3% interest rates are ever coming back. If they drop to somewhere close to 6%, a lot of interested homebuyers are going to be back in the market. Homes may get scooped up and prices may rise again. Now is the time to buy, not then.
So instead of waiting and swimming in a sea of competition tomorrow, dive into the market today.
4. Lennar offers luxury value at affordable prices across the country
Lennar offers a range of floorplans designed with every lifestyle in mind. From single-family homes to townhomes and more, there’s one waiting to help you start your next chapter. Whether you’ve outgrown your current home, need a dedicated workspace or you’re looking for a low-maintenance lifestyle, we design homes for every stage of life.
Open layouts provide ample room for entertaining friends new and old, while luxurious owner’s suites help you enjoy personal time at the end of each day. But most notably, our signature Everything’s Included® program outfits every new home with the most popular features at no extra cost. Enjoy upgraded countertops, stainless steel appliances, connected home technology and more.
Select communities offer Lennar’s revolutionary Next Gen® suite designs. Ideal for multigenerational households, a private home office or distance learning setups, this unique floorplan provides an attached private suite, complete with its own separate entrance, living area with kitchenette, bedroom, bathroom and laundry.
These are just four reasons why you should buy a happy new home this happy New Year. There’s no way to forecast the future, but if history is any indicator, the market should continue to rise. And there is no better place to find that dream home than with Lennar.
We have the space, the luxury and the affordability to make you a homeowner. See what’s available near you at Lennar.com and start the New Year off right with a new Lennar home.
*Statements above based on currently available information, 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. This statement is no guarantee of the present or future market conditions and market values. 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. Features, amenities, floor plans, elevations, and designs vary and are subject to changes or substitution without notice. Items shown are artist’s renderings and may contain options that are not standard on all models or not included in the purchase price. Availability may vary. Please see your New Home Consultant and/or home purchase agreement for actual features designated as an Everything’s Included feature. This is not an offer in states where prior registration is required. Void where prohibited by law. Copyright © 2023 Lennar Corporation. Lennar, the Lennar logo, Everything’s Included and Next Gen 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 51237; 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 12/23
