New Home Finder

Prices are down, and it's time to get off the fence As 2023 progresses, buyers are taking back their power in the mar- ket. Mortgage rates climbing from their his- toric lows in 2022 to an average of nearly 7% for a 30-year loan caused some potential buy- ers to pump the breaks on their homeowner- ship dreams. However, savvy home shoppers know that an increase in interest rates means a decrease in prices, and real estate experts urge potential buyers to strike while the iron is hot. Though the market has cooled a bit due to this rise, experts warn that this favorable mar- ket won't last long. Signs of prospective homebuy- ers are showing as we enter the peak selling season of the year. Mortgage rates peaked around Labor Day and are already on their way back down. As inflation stabilizes, interest rates decrease, creating a perfect inter- section between great prices and declining rates. This is an excellent time for homebuyers to take advantage of lower prices and better financ- ing options. In addition, recent changes in credit scoring models now factor in rent, utilities and telecom payments, which helps offset the recent rate increase. This change makes homeownership more accessible to first-time buyers and those with smaller down payments. Experian has also intro- duced a new self-report- ing platform that allows users to report on-time payments, resulting in an instant increase in their FICO score for 66% of users. Now is an ideal time to get off the fence about homeowner- ship and take advantage of this favorable window in the market. Purchas- ing a new home offers the security of consistent monthly payments and the opportunity to grow your investment through home equity. Unlike renting, owning a home allows you to build a long-term investment. Jenuane's beautiful selection of move-in- ready homes makes a convenient option for those looking to cash in on this hot market before it cools. Quick- delivery homes allow buyers all the benefits of a new construction home without any of the wait! One of the things that sets Jenuane apart from other developers is its commitment to impeccable customer service. Jenuane's con- cierge team is available seven days a week and strives to create the most seamless customer experience possible. It's no wonder they've been voted Reno's No. 1 homebuilder for two years in a row. In part- nership with another powerhouse team, Guild Mortgage, they can offer buyer flexibility in creat- ing a monthly payment that fits their lifestyle. Locking in your rate with Guild guarantees your rate for the term of your loan. However, if rates go down before closing, buyers are en- titled to a one-time float down to a lower rate. Guild's experienced loan officers work with buy- ers to offer promotional rates on 30-year fixed mortgages, FHA loans and adjustable-rate mortgages like the 5/1 ARM. Content provided by Jenuane Communities Northern Nevada's top homebuilder, Jenuane Communities, and their dedicated team present their stunning new-construction communities featuring spacious and competitively priced homes, and competitive interest rates. 97.<1), 215.,$"$">, .)"2"3(+ ,7.,)$ 2);*$'5;3'%".+ ;3/ :,;!$"*!< 3,8 2155!3"$",' "3 =1)$%,)3 =,>;/;- (.5"<5. +.).+D.) %&. +#*&% %3 7 <52 &37. )1.4#,#4<%#35) 8#%&3"% 53%#4. 3+ >#<;#>#%6 ,3+ )"4& 4&<5*.)0 9.52.+#5*) <+. ,3+ 4354.1%"<> 1"+13).) 35>60 =&.4B 8#%& %&. )<>.) <*.5% <;3"% #5%.+#3+ 31%#35)- "1*+<2.)- <52 ,#5#)&.)0 @+3B.+ 4331.+<%#35 #) 8.>437.0 ?' E#4.5). /@0!$$CA:!0EE= DO YOU WANT A BRAND NEW HOME WITHOUT THE WAIT? &,3!;3,0' (1$ 41! 21>,),/ 8"$% 1!) :,;!$"*!< ',<,2$"13 1* 51>,6"3 ),;/4 %15,'# H2 BAY AREA NEWS GROUP 001 Homes | Advertising Section

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