More and more home buyers are choosing to build a new home rather than buy an existing one. This is occurring for multiple reasons.
One significant reason is that inventory level of resale homes on the market has dropped significantly. Currently, there are only 5.6 months of homes for sale in Fort Wayne and the surrounding areas. This is a huge change from 2012 when there were over double that number of homes for sale. The good news is that less Fort Wayne home owners are underwater on their mortgage or facing foreclosure, decreasing the number of distressed homes for sale. Many home buyers are finding that homes are going pending shortly after they go on the market and often receive multiple offers as well.
Another reason more Fort Wayne home buyers are electing to build is that the improving economy has allowed households to gain equity in their homes and improve their financial position. More homeowners are now poised to pursue the dream of building which allows them to get everything in their new home exactly the way they want it.
The North Eastern Group has been developing communities for Fort Wayne residents to choose from for their new home site for over 50 years. With over a dozen communities all around Fort Wayne and 2 more coming in Perry Townshipin the near future, we have the perfect site for your new home!
At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR®, visit our website at NorthEasternGroup.com.
North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.
Azbury Park and Azbury Woods on Lower Huntington Road are perfectly located for your new home within the Southwest Allen County School System! With easy access to I-69, these communities offer quick and easy access to all parts of Fort Wayne and less than a 5 minute drive from the ever expanding Lutheran Hospital complex....
A very important part of the service that your Fort Wayne REALTOR® will provide when you list your home for sale is advising you on the repairs, improvements and staging that are necessary to prepare your home for sale. REALTORS® know which repairs will be necessary to pass the home inspection and appraisal requirements. Some...