National Builder Trade In Program

Top 5 Reasons Why Millennials Choose to Buy

by Builder Trade In Program Sep, 18

Highlights:

  • “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
  • The top reason millennials choose to buy is to have control over their living space, at 93%.
  • Many millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they’d like, or renovate an outdated part of their living space.
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How Supply & Demand Impacts Real Estate Home Values

by Builder Trade In Program Sep, 11

The concept of supply and demand is a simple one.  The best time to sell something is when supply of that item is low and demand is for that item is high!

This guarantees that the price paid for that item increases as supply lowers.

This is exactly what is happening in today’s Real Estate Market!

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14,904 Homes Sold Yesterday… Did Yours?

by Builder Trade In Program Sep, 04

There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly.

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Mortgage rates plunge to 2017 low

by Builder Trade In Program Aug, 28

Rates for home loans sank to their lowest level of the year this week as inflation remained stubbornly low and fears about a possible government shutdown mounted, mortgage provider Freddie Mac said Thursday.

The 30-year fixed-rate mortgage averaged 3.86% during the August 24 week, down three basis points to a nine-month low. The 15-year fixed-rate mortgage averaged 3.16%, unchanged during the week. The 5-year Treasury-indexed adjustable-rate mortgage averaged 3.17%, up one basis point.

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As housing affordability weakens, more buyers are left out in the cold

by Builder Trade In Program Aug, 21

The cost of housing is rising at a fast clip, and nowhere is it more apparent than in the market for newly built homes.

Sales there are rising, but only on the higher end, and that is leaving the majority of entry-level buyers out of luck and out of homeownership because there are so few cheaper, existing homes for sale. While homebuilders claim they are trying to target the high demand from entry-level buyers, the numbers simply don't show that.

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93.9% Of Homes in The US Have Positive Equity

by Builder Trade In Program Aug, 14

CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.

The study also revealed that:

Roughly 63% of all homeowners have seen their equity increase since Q1 2016

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Tiny Might Be Trendy, but Homebuilders Have Been Thinking Big—Until Now

by Builder Trade In Program Aug, 07

These days it seems like it's all about downsizing. Millennials and baby boomers are competing for the same smaller, more affordable, and easier to manage abodes, and everyone is talking about tiny homes.

But lest you think that tiny is the new big, a recent analysis of 25 years of homebuilding shows that builders, who doubled down on pricey McMansions after the recession, have been slow to pivot to meet the changing needs of home buyers.

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How Credit Scores are Tabulated – And What That Means for Homebuyers

by Builder Trade In Program Jul, 24

By now, every serious homebuyer should have checked his or her credit score – that all-important snapshot in time about how one utilizes credit – corrected any errors and taken steps to erase any bad marks against them.

Without a decent credit score, lenders may not offer the best rates and terms, if they offer financing at all. But here are some things most people don’t know about how their scores are tabulated.

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New houses will have Alexa and Wi-Fi built into the walls

by Builder Trade In Program Jul, 17

The Wi-Fi Alliance, the non-profit organization that certifies Wi-Fi enabled products, is ready to usher in a new era of the smart homes. 

Traditionally, there have been no set standards for integrating a wireless network directly into home blueprints, unlike other essential utilities, such as plumbing and electricity. But as our houses continue to be filled with IoT appliances that depend on the internet, a strong network signal is becoming increasingly important.

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Owning a Home is still the Dream!

by Builder Trade In Program Jul, 10

Despite the effects of the Real Estate crash in 2008, people still love their homes and believe in the value of home ownership.