Home Prices Have Appreciated 6.9% in 2018
  • Post By : New Home Ambassador
  • home ownership,home equity,home appreciation,home price appreciation,builder trade in program,new home ambassador

Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.

Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in prices across the country and their predictions for the following year.

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What Does the Future Hold for Home Prices?
  • Post By : New Home Ambassador
  • housing prices,interest rates,new home construction,builder trade in program,new home ambassador

 

Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash?

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New Home Friday 09-07-2018
  • Post By : Lanre Folayan

Pending home sales fall for seventh straight month in July
  • Post By : New Home Ambassador
  • new home construction,pending home sales,housing market,builder trade in program,new home ambassador

It may be hot in the nation's neighborhoods now, but the U.S. housing market is cooling off.

Signed contracts to buy existing homes fell 0.7 percent in July compared with June, according to the National Association of Realtors' pending home sales index. The gauge was down 2.3 percent compared with July 2017. That is the seventh straight month of annual declines. Pending home sales are an indicator of future closed sales.

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New Home Friday 08-31-2018
  • Post By : Lanre Folayan

The low-priced home shortage continues
  • Post By : New Home Ambassador
  • new home construction,new home builders,new home communities,builder trade in program,new home ambassador

The nationwide housing shortage continues but is especially troublesome for homebuyers with a budget of $250,000 or less, Susan Wachter, professor of real estate and of finance at the Wharton School of Business at the University of Pennsylvania, told CNBC on Monday.

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New Home Friday 08-26-2018
  • Post By : Lanre Folayan

The Cost of Waiting: Interest Rates Edition
  • Post By : New Home Ambassador
  • interest rates,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 they hit 5% to start searching for your dream home!
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The Wave of Millennial Homebuyers Continues to Swell
  • Post By : New Home Ambassador
  • first time homebuyers,millennials,builder trade in program,new home ambassador

 

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.

Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that they do not aspire to still achieve those things.

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New Home Friday 08-10-2018
  • Post By : Lanre Folayan

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