Home Buying Myths Slayed
  • Post By : New Home Ambassador
  • home buying myths,builder trade in program,new home ambassador,new home construction

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!
  • The credit score requirements for mortgage approval continue to fall.

 

New Home Friday 04-20-2018
  • Post By : Lanre Folayan

Getting Pre-Approved Should Always Be Your First Step
  • Post By : New Home Ambassador
  • new home contruction,builder trade in program,new home ambassador

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

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Want to Buy a New Home This Year? Check Out the 2018 New Construction Forecast
  • Post By : New Home Ambassador
  • new home construction,new homes,new home builders,new home ambassador,builder trade in program

 

Home buyers have heard it all before: There aren't enough homes on the market, prices are rising rapidly, and builders aren't putting up enough new abodes. Sorry, buyers. It's not likely to get better in 2018.

Builders are expected to put up more new construction in the year ahead—but the rate of building is likely to slow, according to several housing economists who spoke on Tuesday at the International Builders Show. The show is hosted by the National Association of Home Builders in Orlando, FL.

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New Home Friday 04-06-2018
  • Post By : Lanre Folayan

New home construction sets strong pace for 2018
  • Post By : New Home Ambassador
  • new home ambassador,newnha,NHA,new home construction,new homes,steve rider,builder trade in program

On track for strongest year since housing crisis

 

Housing starts increased in January, starting 2018 off at a strong pace; however, it is unclear if that pace will continue.

 

Privately owned housing starts came in at a seasonally adjusted annual rate of 1.33 million in January, according to the latest release from the U.S. Census Bureau. This is up 9.7% from the revised December estimate of 1.21 million, and up 7.3% from last year’s 1.24 million.

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Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices
  • Post By : New Home Ambassador
  • increasing mortgage rates,freddie mac report,builder trade in program,new home builders,rider elite team

Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year.

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The Cost of Waiting: Interest Rates Edition
  • Post By : New Home Ambassador
  • interest rates,mortgage costs,builder trade in program,new home ambassador

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

The Difference an Hour Will Make This Spring
  • Post By : New Home Ambassador
  • daylight saving time,new home ambassador,builder trade in program,new home builders,rider elite team

Every hour in the United States: 614 homes are sold, 81 homes regain equity (meaning they are no longer underwater on their mortgage), and the median home price rises $1.51!

What is in store for New Home Construction in 2018
  • Post By : New Home Ambassador
  • new home construction,builder forecast,housing inventory,builder trade in program,new home ambassador

 

After several years of skyrocketing home prices and tightening inventories, the dust is finally starting to settle in the housing market, leaving home builders surveying a vastly different real estate landscape than when the recovery began.

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