Mortgage rates have risen above 7%, and costs for land, labor, and materials have increased, making homebuying in the Sacramento region challenging. However, new homes now sell for nearly 12% less per square foot than existing homes. Builders offer incentives like mortgage rate buydowns, closing cost credits, and upgrades, reducing monthly payments and upfront costs. New homes are energy-efficient, low-maintenance, and feature modern designs and amenities.
Continue to full article
