National Builder Trade In Program

US homeowners gained $1 trillion in the last year as their housing values jumped

by Builder Trade In Program Jun, 11

Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does the percentage of home equity for those owners with a mortgage.

Home equity jumped 13.3 percent in the first quarter of this year compared from a year earlier, according to CoreLogic. For the average borrower, that translates to $16,300 in additional home equity gained during the year, or a collective $1.01 trillion. That is the biggest gain in four years.

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Will Home Prices Fall as Mortgage Rates Rise?

by Builder Trade In Program Jun, 05

Will Home Prices Fall as Mortgage Rates Rise?

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate.

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Why Have Interest Rates Jumped to a 7-Year High?

by Builder Trade In Program May, 29

 

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.

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Don’t Wait to Sell Your House! Buyers Are Out Now

by Builder Trade In Program May, 21

 

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high.

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5 Ways Tax Reform Has Impacted the 2018 Housing Market

by Builder Trade In Program May, 14

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream.

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Living Small(er): Are Floor Plans Shrinking?

by Builder Trade In Program May, 07

Housing data over the past decade shows that when it comes to floor plans, bigger is not necessarily better. The size of the average American home took a big hit during the Great Recession, and the trend toward smaller homes is continuing even though the market has recovered, according to Metrostudy data.

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Welcome to your Weekend!

by Builder Trade In Program May, 02

Arizona Diamondbacks vs. Houston Astros

Chase Field Events

401 E. Jefferson St. Phoenix, AZ...

Home Buying Myths Slayed

by Builder Trade In Program Apr, 23

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!
  • The credit score requirements for mortgage approval continue to fall.

 

Getting Pre-Approved Should Always Be Your First Step

by Builder Trade In Program Apr, 16

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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Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices

by Builder Trade In Program Mar, 26

Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year.

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