Friday, May 16, 2014

American's Prefer New Homes

According to a new survey from Trulia, Americans prefer to buy new when shopping for a new home.

41% of Americans would prefer a new home
21% prefer an existing home
38% have no preference should features and pricing be equal

The top reasons for preferring a new home include:
  • Modern Features
  • The ability to customize
  • Requiring less maintenance and repairs
Modern features in new homes includes bigger closets, a kitchen island, open floor plan and pre-wiring for flat screen TV's

US markets that have the largest ratio of new home construction relative to market size are Texas and the Carolinas - great news for home buyers in South Carolina!

New home prices continue to rise as the market improves and demand increases. Take advantage of your buying power and shop for your new home this weekend!

Full survey results available here: