National Builder Trade In Program

Buyers Are Looking for Your Home, Now

by Builder Trade In Program Dec, 25

  • 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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Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

by Builder Trade In Program Dec, 17

 

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

by Builder Trade In Program Dec, 10

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!

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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