Homebuilder sentiment drops in December to the lowest point in more than 3 years
  • Post By : New Home Ambassador
  • new home construction,builder sentiment,builder trade in program,new home ambassador

Homebuilder sentiment dropped in December to its lowest point in more than three years while potential buyers hesitate to purchase new homes even as mortgage rates have pulled back in the past month.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, homebuilder sentiment declined 4 points in December to 56. That is the lowest reading since May 2015 and well below December 2017′s level of 74. This comes after an 8-point drop in November. Anything above 50, however, is considered positive sentiment.

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New Home Friday 01-04-2019
  • Post By : New Home Ambassador

Where is the Housing Market Headed in 2019?
  • Post By : New Home Ambassador
  • housing market,housing forecast 2019,builder trade in program,new home ambassador

  • Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes!
  • Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic.
  • All four major reporting agencies believe that home sales will outpace 2018!
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New Home Friday 12-28-2018
  • Post By : New Home Ambassador

New Home Friday 12-28-2018
  • Post By : New Home Ambassador

Buyers Are Looking for Your Home, Now
  • Post By : New Home Ambassador
  • home buyers,new home ambassador,builder trade in program

  • Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months.
  • The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3.9-month supply.
  • Inventory remains low due to high demand from buyers who are still looking for houses to buy!
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New Home Friday 12-21-2018
  • Post By : New Home Ambassador

Mortgage rates drop to 2-month low—an unexpected holiday gift to housing
  • Post By : New Home Ambassador
  • mortgage rates,interest rate drop,builder trade in program,new home ambassador

 

Americans may be losing money in their stock portfolios this week, but they are gaining purchasing power in the housing market. Mortgage rates are falling sharply, as investors head to the relative safe haven of the bond market.

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A new study says an overwhelming majority of millennials want to be homeowners, but student loans are holding them back
  • Post By : New Home Ambassador
  • first time home buyers,student loans,builder trade in program,new home ambassador

For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can’t because of student debt.

According to a recent study released by Apartment List, 6,400 millennial renters nationwide were surveyed in regards to their plan for owning a home. Despite the majority of young people wanting to migrate away from renting, 48 percent have nothing saved for a down payment.

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Home Prices Up 6.34% Across the Country!
  • Post By : New Home Ambassador
  • housing prices,home prices,Builder Trade In Program,New Home Ambassador

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.

In the report, home prices are compared both regionally and by state.  Looking at the breakdown by state, you can see that each state is appreciating at different rates.

Based on the latest numbers, if you plan on relocating, waiting to move may end up costing you more!

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