Corona's New Build Boom and What Today's Rates Mean for You

Dated: August 15 2026

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Corona is having a moment when it comes to new construction, and if you've driven through the area lately, you've probably noticed. Trumark Homes is bringing three new communities to Corona in 2026, including Florita, with townhomes and single-family homes ranging from 1,246 to 1,762 square feet, and Elaris, a 226-home community split across two neighborhoods with floor plans up to nearly 2,900 square feet. On the luxury end, Toll Brothers announced its newest Southern California community, Enclave, is coming to Corona with 35 single-family home sites, expected to open for sale in early fall 2026. Zonda's data shows nine new home communities currently active in Corona, with the most active builder being Trumark Homes. Trumark Homes + 2

For buyers, this means more choice than Corona has seen in a while — new floor plans, modern layouts, and builder incentives that resale homes can't always match. For current owners, it's worth knowing what's happening around you, since new construction nearby can influence resale values and neighborhood character over time.

Where rates stand right now

If you've been waiting on the sidelines for rates to drop before buying or refinancing, here's where things actually stand: the 30-year fixed rate fell to 6.54% this weekend, with the 15-year fixed rate down to 5.86%. Freddie Mac's official weekly average puts the 30-year fixed at 6.67%, down slightly from the prior week, with housing affordability improving compared to a year ago. Yahoo FinanceFreddie Mac

Looking ahead, Fannie Mae's June forecast projects 30-year rates hovering around 6.4% for the rest of 2026, while the Mortgage Bankers Association expects rates near 6.5% through Q3 and Q4. The takeaway: rates aren't expected to drop dramatically anytime soon, but they've eased slightly from recent highs — which is worth factoring in whether you're buying new construction, considering a move, or weighing a refinance. Forbes

Curious what this means for your specific situation? Whether you're eyeing one of Corona's new communities or wondering how today's rates affect your next move, I'm happy to walk through the numbers with you.

If you'd like to know more, let's talk.

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Shelly Larez

I believe real estate works best when it’s built on honesty, clear communication, and putting my clients’ best interests first. With extensive experience representing both buyers and sellers, I br....

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