New Home Friday 12-28-2018
  • Post By : New Home Ambassador

New Home Friday 12-28-2018
  • Post By : New Home Ambassador

Buyers Are Looking for Your Home, Now
  • Post By : New Home Ambassador
  • home buyers,new home ambassador,builder trade in program

  • Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months.
  • The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3.9-month supply.
  • Inventory remains low due to high demand from buyers who are still looking for houses to buy!
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New Home Friday 12-21-2018
  • Post By : New Home Ambassador

Mortgage rates drop to 2-month low—an unexpected holiday gift to housing
  • Post By : New Home Ambassador
  • mortgage rates,interest rate drop,builder trade in program,new home ambassador

 

Americans may be losing money in their stock portfolios this week, but they are gaining purchasing power in the housing market. Mortgage rates are falling sharply, as investors head to the relative safe haven of the bond market.

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A new study says an overwhelming majority of millennials want to be homeowners, but student loans are holding them back
  • Post By : New Home Ambassador
  • first time home buyers,student loans,builder trade in program,new home ambassador

For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can’t because of student debt.

According to a recent study released by Apartment List, 6,400 millennial renters nationwide were surveyed in regards to their plan for owning a home. Despite the majority of young people wanting to migrate away from renting, 48 percent have nothing saved for a down payment.

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Home Prices Up 6.34% Across the Country!
  • Post By : New Home Ambassador
  • housing prices,home prices,Builder Trade In Program,New Home Ambassador

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.

In the report, home prices are compared both regionally and by state.  Looking at the breakdown by state, you can see that each state is appreciating at different rates.

Based on the latest numbers, if you plan on relocating, waiting to move may end up costing you more!

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New Home Friday 11-30-2018
  • Post By : New Home Ambassador

Metrostudy forecasts a mixed bag of good, bad news
  • Post By : New Home Ambassador
  • mortgage rates,housing market,new home construciton,housing supply,builder trade in program,new home construction

Metrostudy chief economist Mark Boud and his team recently released their analysis and forecasts for the fourth quarter of 2018. The number-crunching indicates smooth sailing for the not-so-distant future with turbulence expected by 2020.

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Homebuilder confidence plummets to the lowest level in more than two years as 'demand stalls'
  • Post By : New Home Ambassador
  • new home construction,rising mortgage rates,rising home prices,new home builders,rider elite team,builder trade in program,new home ambassador

Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation's homebuilders.

Sentiment among homebuilders dropped 8 points in November to 60 in the National Association of Home Builders/Wells Fargo Housing Market Index. That is the lowest reading since August 2016, but anything above 50 is still considered positive. The index stood at 69 in November of last year and hit a cyclical high of 74 last December.

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