New home sales in the United States rose to the highest level in over a year in July, according to data released by the Census Bureau. Purchases of new single-family homes increased 4.4% to an annualized rate of 714,000 units, after downward revisions to prior months.

The increase in new home sales is likely due to a number of factors, including:

• Limited supply of existing homes: The inventory of existing homes for sale is at near-record lows, which is driving buyers to new construction.
• Low mortgage rates: Mortgage rates remain historically low, making it more affordable for buyers to purchase new homes.
• Government incentives: The government is offering a number of incentives to first-time homebuyers, which is also helping to boost demand for new homes.

New home builders are also offering incentives to attract buyers. Some common incentives include:

• Free upgrades: Builders may offer free upgrades to buyers, such as new appliances or countertops.
• Closing cost assistance: Builders may help buyers pay for closing costs, which can be a significant expense.
• Cash back: Builders may offer buyers cash back after they purchase a home.

If you are considering buying a new home, it is important to shop around and compare different builders and incentives. You should also work with a qualified mortgage broker like Aquino Capital Group to get the best possible rate on your mortgage.

Aquino Capital Group is the Mortgage Broker of Choice in Las Vegas

Aquino Capital Group is a leading mortgage broker in Las Vegas. We work with over 200 lenders to find the best mortgage rates and terms for our clients. We can help you purchase a new home, refinance your existing mortgage, or get a loan for investment property.

We understand that buying a new home is a major financial decision. That is why we take the time to learn about your individual needs and goals. We will work with you to find the best mortgage solution for your situation.

If you are interested in learning more about our services, please contact us today. We would be happy to answer any of your questions and help you get started on the path to homeownership.

Conclusion

New home sales are rising to the highest level in over a year, and new home builders are offering incentives to attract buyers. If you are considering buying a new home, it is important to shop around and compare different builders and incentives. You should also work with a qualified mortgage broker to get the best possible rate on your mortgage.

Aquino Capital Group is the Mortgage Broker of Choice in Las Vegas. We can help you purchase a new home, refinance your existing mortgage, or get a loan for investment property. Contact us today to learn more about our services.