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New Home Ambassador - New Home Ambassador - News

New Home Ambassador


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Rising prices and interest rates are a 'one-two punch' to homebuyers, Lennar chairman says
  • Post By : New Home Ambassador
  • new home construction,interest rates,new home prices,Builder trade in program,new home ambassador

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.

...

The True Cost of NOT Owning Your Home
  • Post By : New Home Ambassador
  • home ownership,buying a home,builder trade in program,new home ambassador

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.

...

Are We About to Enter a Buyers’ Market?
  • Post By : New Home Ambassador
  • buyers market,market shift,builder trade in program,new home ambassador

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?

...

Should I Buy Now? Or Wait Until Next Year?
  • Post By : New Home Ambassador
  • Home buying,mortgage rates,builder trade in program,new home ambassador

 

  • 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!
...

Toll Brothers' record shows the American housing boom has no end in sight
  • Post By : New Home Ambassador
  • new homes,new home construction,housing market,builder trade in program,new home ambassador

Unemployment keeps falling and home prices keep going up. It's a great recipe for a strong housing market.

Nothing has been able to stop the housing boom -- not even higher interest rates.

Higher rates do not seem to be an issue for prospective buyers, mainly because the job market remains strong and housing prices are rising.

...

Home Prices Have Appreciated 6.9% in 2018
  • Post By : New Home Ambassador
  • home ownership,home equity,home appreciation,home price appreciation,builder trade in program,new home ambassador

Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.

Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in prices across the country and their predictions for the following year.

...

What Does the Future Hold for Home Prices?
  • Post By : New Home Ambassador
  • housing prices,interest rates,new home construction,builder trade in program,new home ambassador

 

Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash?

...

Pending home sales fall for seventh straight month in July
  • Post By : New Home Ambassador
  • new home construction,pending home sales,housing market,builder trade in program,new home ambassador

It may be hot in the nation's neighborhoods now, but the U.S. housing market is cooling off.

Signed contracts to buy existing homes fell 0.7 percent in July compared with June, according to the National Association of Realtors' pending home sales index. The gauge was down 2.3 percent compared with July 2017. That is the seventh straight month of annual declines. Pending home sales are an indicator of future closed sales.

...

The low-priced home shortage continues
  • Post By : New Home Ambassador
  • new home construction,new home builders,new home communities,builder trade in program,new home ambassador

The nationwide housing shortage continues but is especially troublesome for homebuyers with a budget of $250,000 or less, Susan Wachter, professor of real estate and of finance at the Wharton School of Business at the University of Pennsylvania, told CNBC on Monday.

...

The Cost of Waiting: Interest Rates Edition
  • Post By : New Home Ambassador
  • interest rates,builder trade in program,new home ambassador

  • 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 they hit 5% to start searching for your dream home!
...

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