National Builder Trade In Program

The Cost of Waiting: Interest Rates Edition

by Builder Trade In Program Mar, 19

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

The Difference an Hour Will Make This Spring

by Builder Trade In Program Mar, 12

Every hour in the United States: 614 homes are sold, 81 homes regain equity (meaning they are no longer underwater on their mortgage), and the median home price rises $1.51!

The Mortgage Process: What You Need to Know

by Builder Trade In Program Feb, 26

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

 

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Should I Wait Until Next Year to Buy? Or Buy Now?

by Builder Trade In Program Feb, 19

  • 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 5.1% by 2019.
  • CoreLogic predicts home prices to appreciate by 4.3% 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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Where Are Mortgage Interest Rates Headed in 2018?

by Builder Trade In Program Feb, 12

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.

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U.S. Housing Inventory Crunch Continues… List Your House Today!

by Builder Trade In Program Jan, 29

Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.

 

Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!

 

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Builder optimism and buyer demand are high for new construction homes

by Builder Trade In Program Jan, 22

 

Ignore the bad housing starts number from December!

Some will blame the weather. Others will claim the figures are too volatile month to month. Bottom line, December's steep drop in single-family housing starts is not indicative of what is really going on at construction sites across the nation.

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Wondering If You Can Buy Your First Home?

by Builder Trade In Program Jan, 16

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!

by Builder Trade In Program Jan, 08

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

by Builder Trade In Program Jan, 02

 

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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