Keller Williams Capital Properties, Robert McGlothlin

New Home Friday 08-31-2017
  • Post By : New Home Ambassador

Mortgage rates plunge to 2017 low
  • Post By : New Home Ambassador
  • Mortgage Rates,Home Loan Rates,New Home Builders,Rider Elite Team,Builder Trade In Program

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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New Home Friday 08-24-2017
  • Post By : New Home Ambassador

As housing affordability weakens, more buyers are left out in the cold
  • Post By : New Home Ambassador
  • housing afordability,new home construction,new homes

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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New Home Friday 08-18-2017
  • Post By : New Home Ambassador

93.9% Of Homes in The US Have Positive Equity
  • Post By : New Home Ambassador
  • Positive Equity,Equity Report,Significant Equity,New Home Ambassador,Builder Trade In Program,Rider Elite Team

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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New Home Friday 08-10-2017
  • Post By : New Home Ambassador

Tiny Might Be Trendy, but Homebuilders Have Been Thinking Big—Until Now
  • Post By : New Home Ambassador
  • tiny houses,new home construction,new home size,builder trade in program,new home ambassador,new home builder

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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New Home Friday 08-04-2017
  • Post By : New Home Ambassador

New Home Construction Is Finally Rising—What That Means for Buyers
  • Post By : New Home Ambassador
  • new home construction,building permits,new home ambassador,builder trade in program

Homebuilders have been busy this summer—and that might make the home-buying search better for many Americans on the prowl for the place of their dreams.

Builders received 7.4% more permits to put up new homes in June compared with May, according to the seasonally adjusted numbers in the latest residential sales report jointly released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. That's a 5.1% increase over June 2016.

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