Keller Williams On The Water

Did all politicians, reporters and newscasters all flunk history?
  • Post By : New Home Ambassador
  • new home ambassador,new homes,new home construction,new home builders

I'm sure all went to college.  You'd think they would be well versed in history. Why........because history is our best teacher and always repeats itself.

 

Headlines last week....5/12/15 "Scorecard: More Americans (finally) focus on savings!"

 

Headlines this week....5/14/15 "Consumers fail to open pocketbooks in April...

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The Not So Obvious Benefits of Buying a New Home
  • Post By : New Home Ambassador
  • new home construction,new home builders,steve rider,new home ambassador

 

Home buyers have the choice of two types of houses on the market: resale or new.

Home buyers planning to buy a brand-new house or condominium often cite energy efficiency, open layout, a warranty, and being able to select appliances, flooring, paint colors and other design elements as factors driving their choice. 

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Big changes coming to the Mortgage industry on August 1st, 2015
  • Post By : New Home Ambassador
  • new home construction,new home builders,new mortgage rules August 1 2015,TRID,Trio disclosures

 

"The new TRIO disclosures and other requirements are major game-changers for how we will originate and close mortgages.”  

-Adam Kessler, President, Academy Mortgage

 

Due to changes required by the Dodd-Frank Act, the CFPB has published   revisions to Regulations Z and X (TILA and RESPA) that will create some significant changes to mortgage lending, effective August 1, 2015.  These TILA-RESPA changes-which   Academy is calling TR ID-include   2 new integrated disclosures: the Loan Estimate and the Closing Disclosure. These new disclosure forms have been extensively tested in focus groups to assure greater clarity.

Loan Estimate form: For the last 40+ years the mortgage industry has provided borrowers with a Good Faith Estimate (GFE) and an initial Truth-in-Lending disclosure ("early TILA").  The GFE and "early TILA" forms will be combined into one new form, called the Loan Estimate. The purpose of combining the previous forms into the new Loan Estimate is to help borrowers better understand key features, costs, and risks of the mortgage for which they are applying.

 

Closing Disclosure form: This form will be created to combine the HUD-1 and the final Truth-in-Lending disclosure.

The new Closing Disclosure form must be provided at least 3 business days before the consummation of the loan. This change and others will have an impact on the industry and provides Academy the opportunity to get out in front of the news.

 

Other changes:  In addition to the new forms, several rule changes and investor overlays are among the coming TRIO changes.

 

Here is a look at Now and Next look at how mortgages are originated and closed.

 

 

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US Single-Family Landlords Are Raising Rent, now’s Your Time to Buy
  • Post By : New Home Ambassador
  • time to buy a new homoe,new home sales,new homoe construction,new home ambassador

According to recent reports, some of the largest, corporate landlords in the country are planning to raise their rents an average of 4% this year.  Corporate landlords are seeking to profit from increased demand for rental homes after building a new real estate asset class on the rubble of the housing crash, as they built up their portfolios with low-priced properties.  But as the market has improved, and home prices increased, these investors are now ready to focus on optimizing revenues.  New and refurbished apartments are now renting for even more than a single family home, and landlords recognize this.

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New-Home Sales Up Nearly 25 percent as Builders Respond to Buyer Demand
  • Post By : New Home Ambassador
  • new home construction,new home builders,new home sales,housing market

Depending on what part of the country you live in, a new-construction home may be your best way to avoid the bidding wars of the existing-home market.

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THE TAX BENEFITS OF HOME OWNERSHIP
  • Post By : New Home Ambassador
  • benefits of owning a home,tax benefits home ownership,new homes,new home construction

It’s tax season again…..  a perfect time to review the financial benefits of owning a home.

Owning a home makes a lot of “cents” especially around tax time.   Many home-related expenses are tax deductible and, believe it or not, you can even enjoy the tax benefits when you sell your home.

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7 Pieces of Good News from Last Week!
  • Post By : New Home Ambassador
  • new home ambassador,newnha,new home construction,steve rider

 

  1. Interest rates drop this week: why? The Feds, forecasted that we would have at least 250,000 new jobs this month we only had 126,000, this is disappointing for the job market, but, rates have dropped, meaning good news for the consumer, especially those in the housing market!
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NEW CONSTRUCTION COMMUNITIES FOR THE Americans that are getting older AND are still active and healthy!
  • Post By : New Home Ambassador
  • new home ambassador,new homoe construction,new home communities,new home builders

As baby boomers come into their 50s, 60s and 70s, the country faces big changes. By 2040, the number of Americans 65 or older will expand to more than 79 million—up from just 40 million in 2010.

NAHB forecasts that the share of households headed by someone age 55+ will increase through 2019 to account for more than 45% of all U.S. households. These ever-growing ranks of empty-nesters, new retirees, grandparents and active seniors create an opportunity for builders across the country to meet the special needs and preferences of 50+ buyers looking to relocate, downsize their homes or find a new senior-friendly community.

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Housing market expected to bloom in the spring
  • Post By : New Home Ambassador
  • new home ambassador,new home construction,new home sales

 

Experts anticipate that the housing market will blossom this spring.

 

Experts anticipate that the housing market will blossom this spring. Between strong job growth and Freddie Mac's March 2015 U.S. Economic and Housing Outlook, real estate might hit a home run during the upcoming warmer months.

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REAL Trends February 2015 Housing Market
  • Post By : New Home Ambassador
  • steve rider,new home ambassador,new home construction,home sales,real estate

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