Sun, Sea & Homes: The Mexico Life Blog - real estate agent

People Want Less Expensive Homes – And Builders Are Responding

Posted by John and Christie Forget on August 18th, 2023

People Want Less Expensive Homes – And Builders Are Responding

In today’s housing market, two main affordability challenges impact 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 home sales in this country were in lower price ranges than in 2022:Last year, only 58%…

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Low Housing Inventory Is a Sweet Spot for Sellers in Puerto Vallarta

Posted by John and Christie Forget on July 14th, 2023

Comments Below!

Some Highlights

• Today’s housing inventory is still well below more normal years.
• This low inventory is why homes that are priced right are still selling quickly and seeing multiple offers.
• If you want to sell your house, now is a great time because inventory is still low. Let’s connect to start the process.

The Puerto Vallarta housing market in recent years has been characterized by a phenomenon that's turning into a golden opportunity for homeowners looking to sell - the persisting low housing inventory. It's a stark change, a deviation from the abundance of choices that once defined the housing landscape.

This limited supply of Puerto Vallarta homes for sale, coupled with robust demand driven by…

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