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.

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New Home Friday 08-31-2018
  • Post By : New Home Ambassador

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.

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New Home Friday 08-26-2018
  • Post By : New Home Ambassador

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!
...

The Wave of Millennial Homebuyers Continues to Swell
  • Post By : New Home Ambassador
  • first time homebuyers,millennials,builder trade in program,new home ambassador

 

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.

Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that they do not aspire to still achieve those things.

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New Home Friday 08-10-2018
  • Post By : New Home Ambassador

The low-priced home shortage continues
  • Post By : New Home Ambassador
  • new home construction,first time home buyers,housing shortage,entry-level homes,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.

 

Rising labor, land and material costs are slowing down the supply, "except at higher prices, which is simply not affordable for the great middle, and that’s where we see the hit in ... existing sales.

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New Home Friday 08-06-2018
  • Post By : New Home Ambassador

Americans Rank Real Estate Best Investment for 5 Years Running!
  • Post By : New Home Ambassador
  • best investment,real estate,rider elite team,new home builders,builder trade in program

  • Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years!
  • The generations agree! Real estate is the best investment!
  • Generation X leads the way with 37% believing in real estate as the top investment.

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