OPEN MODEL HOME! COME & SEE this Impressive Cabana II Model TODAY 10:00 am to 5:00 pm ~ 4226 SW 18th Pl. Cape Coral FL 33914

 Lower mortgage rates apparently pulled more new-home buyers back into the marketplace.  Sales-to-date for the year are now up a healthy 6.4%.

WASHINGTON – U.S. new home sales jumped 7.1% in August, as low mortgage rates pulled buyers into the housing market.

The Commerce Department said Wednesday that new homes sales increased to a seasonally adjusted annual rate of 713,000, up from a revised 666,000 in July. So far this year, sales have risen a healthy 6.4%.

Trade tensions and slower economic growth have pushed down interest rates, helping homebuyers for the moment. But new construction has yet to meet the demand from likely buyers, so the sales gains could translate into higher prices.

August’s average sales price rose 6.1% from a year ago to $404,200, a record level not adjusted for inflation.

Much of last month’s sales growth came from homes that have yet to be built, a sign that low mortgage rates are behind the surge in purchases. The 30-year mortgage rate averaged 3.73% last week, down from 4.65% a year ago according to mortgage buyer Freddie Mac.

Home sales climbed in the South and the West, but slipped in the Northeast and the Midwest. The 16.5% monthly sales gain in the more expensive West was reflected by an increase in purchases of homes priced above $400,000 relative to July.

SOURCE: Copyright 2019 The Associated Press, Bani Sapra. All rights reserved. 

OPEN MODEL HOME! COME & SEE this Impressive Cabana II Model TODAY 10:00 am to 5:00 pm ~ 4226 SW 18th Pl. Cape Coral FL 33914

THE CABANA II MODEL HOME: ~ This 4 bedroom, 3 bathroom, 3 car garage Cabana II Series home will blow you away! Upon entering you will see what a truly custom built home can be! The upgrades are not only smart, they are gorgeous! Polished concrete floors, hidden LED lighting in the living room ceiling, and the tile work in the bathrooms is just the beginning. Offering an efficient floor plan, it allows you to take full advantage of the Florida lifestyle. The dining room has the best seat in the house, providing easy access to the living room and features views of your pool & oversized lanai. Lanai offers 2 separate seating areas, allowing you to use it year round in sun or rain. The detached Cabana, with dedicated AC unit, offers 325 square feet that you can use as an office, guest house or as a poolside hang out. You will love the defined entry & large open living area, as well as private entrance to the guest bedrooms. Huge custom kitchen features modern backsplash, quartz counters, a great bar & large pantry. The master bedroom is the relaxing oasis you deserve and includes a huge bathroom with a soaking tub and massive walk in closet. Buy this house as is or have it reproduced on the lot of your choosing.

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