Wondering If You Can Buy Your First Home?
  • Post By : New Home Ambassador
  • first time homebuyer,rider elite team,builder trade in program,buying a home,selling a home

Wondering If You Can Buy Your First Home?

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current income would never enable them to qualify for a mortgage.

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712,000 Homes in the US Regained Equity in the Past 12 Months!
  • Post By : New Home Ambassador
  • equity in your home,builder trade in program,new home ambassador

CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today.

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How Rising Prices Will Help You Build Family Wealth in 2018
  • Post By : New Home Ambassador
  • wealth building,home prices,home ownership,rider elite team,builder trade in program

 

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

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Home Prices Up 6.54% Across the Country!
  • Post By : New Home Ambassador
  • home prices,home price index report,new home builders,builder trade in program,rider elite team

  • 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.
  • Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
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Why Getting Pre-Approved Should Be Your First Step
  • Post By : New Home Ambassador
  • pre approval process,pre qualified,pre approved,rider elite team,builder trade in program,new home builders

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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New Home Friday 12-08-2017
  • Post By : New Home Ambassador

Questions to Ask Your Home Builder
  • Post By : New Home Ambassador
  • new home construction,new home builders,builder trade in program,new home ambassador

 

When you're thinking about buying a new home, selecting the right home builder is a key step in creating the home of your dreams. You should feel comfortable asking a potential home builder every question that you think is important. And, a professional builder or sales representative will want to make you a happy and satisfied home owner.

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New Home Friday 12-01-2017
  • Post By : New Home Ambassador

Existing Home Sales Slowed by a Lack of Listings
  • Post By : New Home Ambassador
  • new home ambassador,listing inventory,existing homes,economics

  • The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
  • Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016.
  • NAR’s Chief Economist, Lawrence Yun, had this to say: “While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.”
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New Home Friday 11-24-2017
  • Post By : New Home Ambassador

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