Short on Existing-Home Options? 4 Reasons to Buy New
Buying a home in some markets is like being in a gladiator ring. Multiple rounds of showings and getting into — and losing — bidding wars can leave you feeling defeated. If you’re growing weary of wading through an increasingly shrinking inventory of resales, there’s another possibility worth considering: buying new construction. Although the pace of new construction has lagged demand in recent years, total housing starts are projected to increase by 6.1 percent in 2016 compared with 2015, says Stephen Melman, director of economic services for the National Association of Home Builders. Much of that gain is likely to…