WELCOME TO HOUSING'S NEW NORMAL
  • Post By : New Home Ambassador
  • new home construction,new home starts,new home buyers,builder trade in program,new home ambassador

Can we break our 10-year cycle of mediocrity?

Atlanta, the former No. 1 new-home market, remains a barometer for the nation. At 25,000 permits, Atlanta is still the third largest new home market in the U.S., but almost nine years into our “recovery,” we are still 50% below our pre-bubble normal (Atlanta permit chart). This is in spite of nearly a decade of positive job growth, positive in-migration and population growth. All of MarketNsight’s 18 cities across the Southeast exhibit this trend. Most cities are still anywhere from 30% to 60% below pre-recession levels. Whom are we missing?

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Homebuilder sentiment drops in June due to soaring lumber costs
  • Post By : New Home Ambassador
  • new home construction,new homes,builder trade in program,new home ambassador

U.S. homebuilders are thrilled with demand for housing, but they say they are being hamstrung by rising costs for lumber.

Builder sentiment fell 2 points to 68 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index stood at 66 last June. A reading above 50 is considered positive sentiment.

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Why Have Interest Rates Jumped to a 7-Year High?
  • Post By : New Home Ambassador
  • interest rates,new home builders,builder trade in program,rider elite team

 

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.

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How A Lack of Inventory Impacts the Housing Market
  • Post By : New Home Ambassador
  • lack of inventory,rider elite team,builder trade in program,new home builders

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018.

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US homeowners gained $1 trillion in the last year as their housing values jumped
  • Post By : New Home Ambassador
  • home equity,new home construction,housing values,builder trade in program,new home ambassador

Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does the percentage of home equity for those owners with a mortgage.

Home equity jumped 13.3 percent in the first quarter of this year compared from a year earlier, according to CoreLogic. For the average borrower, that translates to $16,300 in additional home equity gained during the year, or a collective $1.01 trillion. That is the biggest gain in four years.

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Will Home Prices Fall as Mortgage Rates Rise?
  • Post By : New Home Ambassador
  • home prices,mortgage rates rise,new home builder,rider elite team,builder trade in program

Will Home Prices Fall as Mortgage Rates Rise?

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate.

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Why Have Interest Rates Jumped to a 7-Year High?
  • Post By : New Home Ambassador
  • interest rates,buying a home,builder trade in program,new home ambassador,new home construction

 

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.

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Don’t Wait to Sell Your House! Buyers Are Out Now
  • Post By : New Home Ambassador
  • great time to sell your home,builder trade in program,new home builders,builder tade in program,rider elite team

 

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high.

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5 Ways Tax Reform Has Impacted the 2018 Housing Market
  • Post By : New Home Ambassador
  • tax reform,2018 housing market,new home builders,rider elite team,builder trade in program

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream.

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Living Small(er): Are Floor Plans Shrinking?
  • Post By : New Home Ambassador
  • new home design trends,new home construction,new home sales,builder trade in program,new home ambassador

Housing data over the past decade shows that when it comes to floor plans, bigger is not necessarily better. The size of the average American home took a big hit during the Great Recession, and the trend toward smaller homes is continuing even though the market has recovered, according to Metrostudy data.

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