Is Summer 2024 the Right Time to Buy a New Construction Home in Orlando?

The 2024 Orlando real estate market has been an interesting market to navigate. Potential home buyers often seek the ideal moment to make their next move, waiting for home prices to change, interest rates to drop, or housing inventory to improve. For those who find it challenging to find the right home for the right price and location, considering new construction homes in Central Florida, specifically in the Orlando region, summer 2024 presents a unique opportunity. 

Economic Stability and Growth
Orlando's economy has shown robust growth over the past few years. With the tourism sector rebounding and new businesses establishing themselves, the local economy provides a stable foundation for long-term investments. Economic stability often translates to steady property value appreciation, making it an excellent time to invest in new construction.

Exceptional Builder Incentives
The team is seeing an increase in builder incentives offered to home buyers, including funds towards closing costs and flex funds for home upgrades. These incentives are one of the top reasons summer 2024 is an ideal time to buy new construction in Orlando. These offers can result in significant savings and added value for homebuyers.

Builder Mortgage Rates as low as 3.375%*
As of Summer 2024, mortgage rates hover in the mid-6% range. Many builders are offering impressive incentives such as reduced interest rates, and rate buy-down offers as low as 3.375% (for the first year), providing an excellent opportunity for homebuyers to secure lower-interest loans.

Future Growth Potential
Growth around Orlando and the surrounding region is on the rise, with numerous development projects underway that promise to enhance the area's infrastructure and appeal. Investing in a new construction home now positions buyers to benefit from future growth and appreciation in property values as the Greater Orlando area continues to expand.

Summer 2024 presents a compelling case for purchasing a new construction home in Central Florida. Partnering with The Funk Collection ensures that buyers receive dedicated, expert guidance and exceptional service throughout their home-buying journey, from finding the ideal community to breaking ground to handing off the keys to their new home. For those considering a new construction home, now may be the time to act and take advantage of the unique opportunities available this season. Schedule a call with the team today to determine if now is the right time for you.

For more information on new construction homes in Orlando and to explore available listings, visit The Funk Collection's New Homes Page. Many cities around Orlando, including Winter Garden, Clermont, Apopka, and Saint Cloud, are experiencing significant growth.