Pros & Cons of Buying in Today's Market
Nov 11, 2022

Pros & Cons of Buying in Today's Market

Why now could be a great time for you to buy a home

There has been a lot of negative headlines surrounding high mortgage rates and why now is not a great time to buy. However, we have a few reasons why now could be a great time for you to buy a home. Below is a list of pros and cons we've made.

Cons of buying a home now:

Current Interest Rates

Interest rates are currently higher than they've been over the last few years.  After the pandemic, rates are going back to "normal." The average interest rate over the last 50 years, is close to 8%.

Pros of buying a home now:

Home prices

The price of homes has adjusted to the current interest rate market. Your friend that bought last year might have a lower interest rate, but the price of their home was higher than the prices today. It all equals out with the market. 

Buyers' Market

When interest rates were lower and demand was up, we as the builder/seller were offering less incentives to our customers. Now that demand is lower, we have the ability to be more flexible and offer special incentives. Make an offer on any of our Quick Move-in homes on our website and get started on moving into your dream home. 

Safe investment

Although the market is uncertain, investing in a home is one of the safest and smartest investments you can make. When you own a home, you are gaining equity every day. The stock market can be risky, owning a brand-new home will never be.

Builder Paid Buydowns & Incentives

Our new preferred lender, Better Built Mortgage Group, has several new incentives available including 2-1 buydowns, thousands of dollars off closing costs, and rate locks. These tailored plans created by our mortgage coaches for your certain financial situation will bring your monthly payment down by hundreds of dollars.

Quick Move-in Homes 

We're offering our lowest prices of the year on our completely move-in ready homes! No need to worry about buying at the top of the market. These homes are perfectly clean, energy efficient, innovatively designed, and include a builder warranty. View available homes to buy here.

Creative Homes' Buyer Confidence Program

Our brand-new Buyer Confidence Program gives you the certainty you've been looking for including price protection and more. View the details here.


Contact Olga to get any questions you may have answered!

Hear From Our Homeowners

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From the initial conversations and choosing our lot and floor plan, to our design meeting and the actual build itself Creative's team made us feel at ease and went above and beyond. We felt like they truly cared and looked out for our best interests. 

Nick & Jenny
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It has been four months since we have moved into our home and I cannot put into words how thankful we are that we built with Creative. They’re the type of company you feel like once you move in you want to invite over for dinner and drinks once a month! In conversation with other friends and family who have built new construction with other companies, I truly believe that Creative is unique in that! 

Gemar Family
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Building a home with Creative is more than a process of building a house. Its the people you get to meet, work with and get to know along the way. And Creative knows the right people to have in the right position.

Doug Brahee
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The building process was so fun and easy; every week it was so exciting to see progress on our home. The design studio made for an easy experience when picking all the materials for our home. From start to completion, their attention to detail was phenomenal. Creative Homes has a solid team of experts and were always there to answer any question we would have. There is no doubt that I would recommend Creative Homes to anyone building a home.

Nate & Beth
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We recently moved into our new home built by Creative Homes and we absolutely love it! The attention to detail and quality throughout is first class! We've received so many compliments from people who have seen it. From start to finish we received top notch customer service that went above and beyond any expectations. We absolutely recommend Creative Homes to anyone considering a build. You'll be glad you did!

Brian
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