National Builder Trade In Program

Home Prices Up 6.34% Across the Country!

by Builder Trade In Program Dec, 03

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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Metrostudy forecasts a mixed bag of good, bad news

by Builder Trade In Program Nov, 26

Metrostudy chief economist Mark Boud and his team recently released their analysis and forecasts for the fourth quarter of 2018. The number-crunching indicates smooth sailing for the not-so-distant future with turbulence expected by 2020.

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Homebuilder confidence plummets to the lowest level in more than two years as 'demand stalls'

by Builder Trade In Program Nov, 19

Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation's homebuilders.

Sentiment among homebuilders dropped 8 points in November to 60 in the National Association of Home Builders/Wells Fargo Housing Market Index. That is the lowest reading since August 2016, but anything above 50 is still considered positive. The index stood at 69 in November of last year and hit a cyclical high of 74 last December.

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Here’s How the Labor Shortage Is Impacting Housing, by the Numbers

by Builder Trade In Program Nov, 12

NAHB Economist Robert Dietz breaks down the ways the lack of skilled construction labor is affecting the housing market.

 

Among the benefits of firming economic growth—GDP increased at a 4.2% annualized rate in the second quarter of 2018, the fastest pace since 2014—is ongoing job creation and low unemployment. At 3.7%, the current unemployment rate risks being too low. Right now there are more open, unfilled jobs in the economy than there are unemployed persons to fill them.

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Home price gains fall below 6% for the first time in a year: August S&P Case-Shiller index

by Builder Trade In Program Nov, 05

Mortgage interest rates didn't begin their recent surge until the start of September, but home prices were already feeling pressure, as fewer people could afford what was for sale.

Nationally, prices rose 5.8 percent in August compared with August 2017, according to the S&P CoreLogic Case-Shiller home prices index. That is less than the 6 percent annual gain in July.

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Housing Is Still Affordable in the United States!

by Builder Trade In Program Oct, 29

Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.”

If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at the results of the latest Housing Affordability Report from the National Association of Realtors (NAR).

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Rising prices and interest rates are a 'one-two punch' to homebuyers, Lennar chairman says

by Builder Trade In Program Oct, 22

Rising prices and accelerating interest rates are a "one-two punch" to homebuyers, Lennar Executive Chairman Stuart Miller told CNBC on Thursday.

"The combination of both higher prices ... together with the acceleration and adjustment of interest rates — that is a one-two punch to what our buyers purchase, which is basically [a] monthly payment," Miller told CNBC's Diana Olick during a "Power Lunch" interview.

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The True Cost of NOT Owning Your Home

by Builder Trade In Program Oct, 15

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.

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Are We About to Enter a Buyers’ Market?

by Builder Trade In Program Oct, 08

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

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Should I Buy Now? Or Wait Until Next Year?

by Builder Trade In Program Oct, 01

 

  • The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 5.2% by the third quarter of 2019.
  • CoreLogic predicts home prices to appreciate by 5.1% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!
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