As a highly-trusted homebuilder in Oklahoma for over 20 years now, Homes by Taber understands the homebuilding industry through and through. From the latest trends and supply shortages to new technology and market conditions, we make it our mission to stay in the know on everything homebuilding to keep up with the wants and needs of our customers. We know that one of the biggest challenges homebuyers are facing today is the rising interest rates.
Because of our trusted reputation and our pledge to always put our buyers first, we want to be fully transparent and answer any questions you may have. Read below to find out everything you need to know about the current housing market and what Homes by Taber is doing to alleviate the uncertainties surrounding interest rates.
Since the COVID-19 pandemic, the housing market has been highly competitive throughout the entire country. From 2020 to 2021, the amount of time spent at home surged for the majority of people while mortgage interest rates were at historic lows. This led to a number of individuals looking to move out of the crowded city areas and into a slower-paced environment, or wanting to own a larger home in order to accommodate the new requirements we needed our homes to meet, such as a home office or additional bedrooms. The skyrocketing demand for new homes quickly led to increased interest rates implemented by The Federal Reserve to slow down inflation and keep the economy stable, which means the cost of borrowing money increased. As a result, monthly mortgage payments became significantly more expensive for buyers, which caused the majority of people to become incapable of affording as much home as they could before.
At Homes by Taber, we believe that while the market may fluctuate, the need for families to find their forever home will always remain consistent. This is why we’ve implemented various strategies to help keep our home prices low and affordable and our buyers happy and confident. Our award-winning, carefully-crafted building process is designed to keep costs at a minimum without compromising value, quality or safety, especially in our all-new Blue Series, where proudly overbuilt meets low cost. We also have cut our home prices significantly to make it possible for more people to achieve the dream of homeownership, and with our wide range of homes available now throughout OKC and Tulsa, families of all shapes and sizes are sure to find a home they love at a reasonable price. According to realtor.com, the average new home price in the OKC area right now is around $280k, and we’re challenging that norm by offering top-quality, innovative homes for as low as $239,990, which gives buyers remarkably more in their new home for a whole lot less.
Ultimately, the best time to buy a home is completely up to you. If you feel as though you’re financially, emotionally and mentally at a place in your life where you’re ready to find the home of your dreams, then it’s always a great time to buy a home. In addition to choosing a builder like Homes by Taber that is willing to adapt to the demands of the market, there are a number of ways to help you overcome any setbacks and guide your decision in buying. This includes:
Most of all, in the midst of the market chaos, it’s important to work with a builder with flexibility and versatility. At Homes by Taber, our trusted preferred lenders offer an array of mortgages for all types of homebuyers to give everyone the chance to find the perfect home for their needs, regardless of the industry trends.
Additionally, it’s important to note that homeowners are making a smart, long-term investment and increasing financial stability by making the decision to purchase a new Taber home right now, specifically in the categories of building generational wealth, equity and an overall thoughtful financial decision for their future. The fact is, trying to time the market or predict what might happen next year is not the best buying strategy. Instead, it’s better to buy based on your budget and needs, which means if you come across a home you love that aligns with your budget and checks off all of your boxes, then there’s truly no better time than now to buy.
It’s essential to choose a trusted builder who is dedicated to exceeding the expectations of every single customer, and there’s no better builder to trust than Homes by Taber. Our experienced team specializes in helping our customers find their ideal dream home that fits their wants and needs, and we make it our mission to provide everyone that walks through our doors with the utmost care and comfort in purchasing a new home. The housing market is constantly changing, but the emotional benefits that come from purchasing and owning your own home will never fade.
At Homes by Taber, we’ve worked with countless homeowners throughout the great cities of OKC and Tulsa, and with over two decades of invaluable experience, you can trust that we’re giving you the best homebuying experience out there, even with the ever-changing conditions of the market. If you’re ready to start the exciting journey to your forever home, be sure to browse through our quick move-in homes and our top-rated communities throughout the Tulsa and Oklahoma City areas. For any questions or additional information about purchasing a new home, or to learn more about our special offers, we’re just a phone call away, so don’t hesitate to give us a call at (405) 984-1185 in OKC and (918) 393-4149 in Tulsa, or fill out our online form today.