5 Homebuying Acronyms You Need to Know
  • Post By : New Home Ambassador

Some Highlights:

  • Learning the lingo of homebuying is an important part of feeling successful when buying a home.
  • From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them.
  • Your local professionals are here to help you feel confident and informed from start to finish…and this infographic will help you as you go.
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What Is the Cost of Waiting Until Next Year to Buy?
  • Post By : New Home Ambassador

Some Highlights:

  • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
  • Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020.
  • CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
  • If you’re ready and willing to buy your dream home, now is a great time to buy.
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Is Your House “Priced to Sell Immediately”?
  • Post By : New Home Ambassador

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do.

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New Home Friday 09-14-2019
  • Post By : Lanre Folayan

Home Sales Expected to Continue Increasing In 2020
  • Post By : New Home Ambassador

Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020.

Below is a chart depicting the projections of each entity for 2019, as well as for 2020.

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New Home Friday 09-06-2019
  • Post By : Lanre Folayan

New Home Friday 08-29-2019
  • Post By : Lanre Folayan

A Great Way To Increase Your Family’s Net Worth
  • Post By : New Home Ambassador

 

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.

The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

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New Home Friday 08-20-2019
  • Post By : Lanre Folayan

American Confidence In Housing At An All-Time High
  • Post By : New Home Ambassador

Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions.

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