Rilian Ball

First Capital Group

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New Home Prices Going Down Making Them More Affordable

September 17, 2019 by Rilian Ball

Residential real estate developers in America are responding to a national slowdown in new home construction by building smaller homes that are more modestly priced. The demand for smaller, less expensive homes is growing, while the overall demand for new custom homes is declining. Prices decreased slightly, by about one-half percent, from the price levels in 2018 for newly-constructed homes. Lower Profits For Builders The median price for a newly-constructed home in America is $372,900. The … [Read more...]

Filed Under: Real Estate Tagged With: Market Trends, New Construction, Real Estate

Pros And Cons: Older Homes Versus New Construction

September 21, 2018 by Rilian Ball

Opinions differ about whether home buyers are best served by purchasing an older home or new construction. New homes enjoy that "new home" smell and the idea that you are the very first occupant can be very appealing. On the other hand, older homes resonate with nostalgia and many architectural design elements are no longer commonly used. While some people feel strongly one way or the other, it's a lot like comparing apples and oranges. The right home for any home buyer is the one that fits … [Read more...]

Filed Under: Real Estate Tagged With: Home Comparison, New Construction, Real Estate

New Home Construction Boom Expected

August 28, 2018 by Rilian Ball

The housing market has been trending in a positive direction and economic indicators point to new home construction going vertical. Following the housing bubble and sluggish post-recession economy, construction companies largely turned their attention away from new homes. Diminished values, high regulatory and materials costs served as deterrents to home-building. But the economic revival the country is experiencing - coupled with a housing shortage - has builders poised to jump back into the … [Read more...]

Filed Under: Real Estate Tagged With: New Construction, New Home, Real Estate

Questions to Ask When Buying New Construction

June 14, 2018 by Rilian Ball

Buying a new home is exciting. Buying a brand new home can be even more so with the realization of being the first owner and possibly being able to choose your own layout and finishes. The prospect of owning new construction is definitely exciting, but it doesn't come without its own set of questions. If you're in the market for a new home, and considering new construction, make note of the questions below when you begin your property search. What are the long term plans for the community? … [Read more...]

Filed Under: Home Buyer Tips Tagged With: Home Buyer, New Construction, Questions

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Rilian Ball


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First Capital Group
NMLS# 202687

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