New Home Friday 08-20-2019
  • Post By : New Home Ambassador

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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Millionaire To Millennials: The Costly Mistake Of Not Buying Now
  • Post By : New Home Ambassador

 

On his personal website, self-made millionaire David Bach makes a striking statement:

“Not prioritizing homeownership is the single biggest mistake millennials are making.”

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New Home Friday 08-04-2019
  • Post By : New Home Ambassador

3 Powerful Reasons to Buy a Home Now
  • Post By : New Home Ambassador

Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today.

  1. Affordability

Many people focus solely on price when talking about home affordability. Since home prices have appreciated throughout the past year, they assume homes are less affordable. However, affordability is determined by three components:

  • Price
  • Wages
  • Mortgage Interest Rate

Prices are up, but so are wages – and interest rates have recently dropped dramatically (see #2 below). As a result, the National Association of Realtors’ (NAR) latest Affordability Index report revealed that homes are MORE affordable throughout the country today than they were a year ago.

“All four regions saw an increase in affordability from a year ago. The South had the biggest gain in affordability of 6.9%, followed by the West with a gain of 6.0%. The Midwest had an increase of 5.8%, followed by the Northeast with the smallest gain of 1.8%.”

  1. Mortgage Interest Rates...

The Cost Of Waiting: Interest Rates Edition
  • Post By : New Home Ambassador

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2020.
  • The higher your interest rate, the more money you will 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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New Home Friday 07-16-2019
  • Post By : New Home Ambassador

New Home Friday 06-28-2019
  • Post By : New Home Ambassador

New Home Friday 06-24-2019
  • Post By : New Home Ambassador

4 Reasons to Sell This Summer
  • Post By : New Home Ambassador

Some Highlights:

  • Buyer demand continues to outpace the supply of homes for sale. This means that buyers are often competing with one another for the few listings that are available.
  • Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
  • Now may be the time for you and your family to move on and start living the life you desire!
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