Exploring the housing market for new or newer homes? Discovering an affordable property often involves more than a simple price tag. From Georgia to Texas, these states offer diverse opportunities for homeownership, presenting varied options for buyers seeking recently constructed properties or planning to revitalize fixer-uppers. Delve into these regions and their housing landscapes to find the perfect home.
“Georgia – An Emerging Housing Hub”
As a result of recent population increases, particularly in Atlanta, cities such as Macon and Athens have been propelled to the forefront of the housing market where they are currently competing with other cities.
As of the year 2022, the number of new housing permits has increased by 21.9% as a direct consequence of the population growth that has previously occurred.
Compared to the national average of $346,653, the state’s average home value is $319,166, which is in close alignment with the national average. This position presents a favorable market for prospective buyers.
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“Michigan – Affordable Housing and Growing Construction”
Despite the fact that Michigan is one of the top 20 states for new home construction permits, the average value of homes in the state is $233,858, which is approximately $85,000 less than the average value of homes in the federal government.
For purchasers who are looking for new construction at prices that are friendly to their budgets, these figures present promising prospects.
Would you like further information or details on any specific state?
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