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Sep 17, 2021

Why are New Homes in Such Demand?

At DeNova Homes, we want to be as transparent as possible to set proper expectations concerning our home buying process. We will be updating this blog post regularly to keep you informed on what you can expect when purchasing a DeNova Home.

In October of 2020, Lawrence Yun, the chief economist at the National Association of Realtors, said "We are simply facing a housing shortage, a major housing shortage.”

Fast forward to today, and with continued low-interest rates, people buying bigger homes amid the pandemic because they are working remotely, and many fleeing the big cities for the suburbs, supply in the Bay Area is even more scarce in the current environment.

There are other challenges facing ALL builders that include the severe price increase of all building and manufactured materials, lack of land, and a severe shortage of labor in the workforce. The result of all this is it creates much more demand than supply. And the resale home market is no better. Homes are being snatched up before yard signs can be installed and many are subject of bidding wars resulting in the homes being sold for higher than the original listing price.

Due to the unprecedented demand for new homes in the Bay Area, we are requesting you to get pre-qualified with one of our designated lenders (see below for details) before making an appointment to tour our model homes.Once pre-qualified, one of our Online Sales Consultants will contact you to schedule a tour, and you will be placed on the community Priority List. As new homes are released for sale, our community Sales Teams will contact those on the community Priority List when it is their turn to purchase a new home. 

While you eagerly wait for your turn to purchase a DeNova home, our Online Sales Consultants are available to answer any specific questions you have about the community, floor plan options, or homesites. Be sure to do your homework because you will need to be ready to decide quickly when you get the long-awaited call from our Sales Team informing you about the new homes released for sale. That perfect dream home you tour today will likely be gone tomorrow and the cost to rebuild it will increase as will the sales price!

Community Updates As of 9/17/21

Below is our most up-to-date list for each community. This list will provide you with current community status, approximate timeframes of when new phases or new communities will be released and contact information to get pre-qualified with our designated lenders.

Asana in San Jose– Temporarily Sold Out. New Homes will be released Saturday, September 18th, and sold from a Priority List. To join the Asana Priority List, please contact one of our designated lenders below to get pre-qualified.

Laurie O’Callaghan | | NMLS#: 453816 | Caliber Home Loans
Phone: 925-890-9158 | Email: laurie.ocallaghan@caliberhomeloans.com  

Ross Huffman | NMLS#: 292710 | Bank of America 
Phone: 408-960-5323 | Email:  ross.huffman@bankofamerica.com

Stella at Aviano in AntiochFinal Homes Released for sale,Homes are sold from a Priority List. To join the Aviano Priority List, please contact one of our designated lenders below to get pre-qualified.

Laurie O’Callaghan | NMLS#: 453816 | Caliber Home Loans
Phone: (925) 890-9158 | Email: 
laurie.ocallaghan@caliberhomeloans.com 

Josette Alexander | NMLS# 508433 | Homebridge Financial Services, Inc.
Phone: (925) 285-8617 | Email: 
josette.alexander@homebridge.com

Luca at Aviano in Antioch– Temporarily Sold Out. New Homes will be released Saturday, September 18th, and sold from a Priority List. To join the Aviano Priority List, please contact one of our designated lenders below to get pre-qualified.

Laurie O’Callaghan | NMLS#: 453816 | Caliber Home Loans
Phone: (925) 890-9158 | Email:  
laurie.ocallaghan@caliberhomeloans.com 

Josette Alexander | NMLS# 508433 | Homebridge Financial Services, Inc.
Phone: (925) 285-8617 | Email:  
josette.alexander@homebridge.com

The Landing at Wildflower Station in AntiochSOLD OUT!  Model Homes will be released soon and sold from a Priority List. To join The Landing Priority List, please contact one of our designated lenders below to get pre-qualified.

Laurie O’Callaghan | NMLS#: 453816 | Caliber Home Loans
Phone: (925) 890-9158 | Email:  
laurie.ocallaghan@caliberhomeloans.com 

Josette Alexander | NMLS# 508433 | Homebridge Financial Services, Inc.
Phone: (925) 285-8617 | Email:  
josette.alexander@homebridge.com

Luminescence at Liberty in Rio Vista (55+/Active Adult Community)– Now Selling! Get Pre-Qualifies Today with one of our designated lenders below.

Laurie O’Callaghan | NMLS#: 453816 | Caliber Home Loans
Phone: (925) 890-9158 | Email:  
laurie.ocallaghan@caliberhomeloans.com  

Josette Alexander | NMLS# 508433 | Homebridge Financial Services, Inc.
Phone: (925) 285-8617 | Email:  
josette.alexander@homebridge.com

 

For more info on current market conditions: