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Why 2022 Is the Time to Buy Your New Home in Viridian

While 2021 was a challenging year for some buyers to find their perfect home in a highly competitive market, many experts in the real estate industry are seeing signs that 2022 will be a good year for homebuyers to make their move. Here are 3 reasons that 2022 is the year for homebuyers to move to Viridian and your next steps.

1. More homesites are coming available for all home types. There will be a home for any lifestyle available in Viridian next year. Builders have received homesites in our newest neighborhood, Bird’s Fort Park, the last opportunity for homebuyers in the heart of Viridian. Additionally, our second neighborhood in Elements, our 55+ active living community, is open for discussions with builders to reserve your homesite and select your floor plan. For homebuyers looking for a more secluded coastal feel, The Island offers a variety of home options. Lastly, new low-maintenance homesite opportunities are coming this Spring along N. Collins. Details coming soon!
2. Mortgage rates remain low but are forecasted to potentially rise soon. According to Nerd Wallet’s poll of several expert sources, mortgage rates will rise in 2022. Check in on mortgage rate trends as you get closer to preparing for a home purchase and be sure to speak with your lender about getting pre-approved so that it won’t slow down your transaction.
3. Competition is starting to level out, slowly working its way towards a balanced market. 2021 was a whirlwind year of double-digit month-over-month rising home prices and highly competitive bidding wars. While demand will continue into 2022, experts reported to Forbes seeing signs of affordability with home prices expected to rise slower than in 2021, and with more housing starts by builders, supply will be catching up to demand. Texas A&M Real Estate Center’s report shows other positive signs for a cooler market in 2022. This is all good news for first-time homebuyers.

 

So What Are Your Next Steps?

1. Review Our Homebuyer Resources for tips on how to buy a new home and work with builders.
2. Find Available Homes or Floor Plans using our home and floor plan search tool.
3. Set an Appointment to Speak to Builders to visit their model homes to discuss timelines and reserving your homesite.
4. Sign Up For Our Newsletter below to get the latest news about homesites, floor plans, amenities, and more at Viridian.