The year of 2012 proved to be one of transition and recovery, from which emerged record low mortgage rates, lowering unemployment, decreasing housing inventory levels, and home prices that began to steadily creep up. All of these factors could be contributors to why more buyers are choosing to purchase new homes for sale in areas like Birmingham, Alabama.
According to the Alabama Center for Real Estate (ACRE), 80% of Alabama metro areas experienced year-to-date (YTD) increase in new home sales compared to 2011. Birmingham posted the best results with new home sales up 16.5% compared to the previous year.
This comes as encouraging news to new home communities, such as Ross Bridge, a new golf resort community located in the city of Birmingham. With new homes priced from the low $200’s, Ross Bridge is very appealing to prospective home buyers searching for new single-family homes for sale.