Keller Williams On The Water

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.

Builder Confidence Stays at Healthy Level in July
  • Post By : New Home Ambassador
  • new home construction,builder confidence,lumber costs,new home ambassador,builder trade in program

Builder confidence in the market for newly built single-family homes remained unchanged at a solid 68 reading in July on the NAHB/Wells Fargo Housing Market Index (HMI).

“Consumer demand for single-family homes is holding strong this summer, buoyed by steady job growth, income gains and low unemployment in many parts of the country,” said NAHB Chairman Randy Noel. 

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Energy Efficiency in New Home Construction: Beyond an Amenity
  • Post By : New Home Ambassador
  • new home construction,energy efficiency,new home builders,builder trade in program,new home ambassador

Homebuyers are savvier than ever when it comes to knowing what they want in a home. In addition to functional floorplans and new finishes and features, energy efficiency continues to top the list of desired amenities. Builders who understand and can communicate energy-efficient benefits can provide unique added value to the growing number of buyers who, whether they recognize it or not, want these features in their homes.

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WELCOME TO HOUSING'S NEW NORMAL
  • Post By : New Home Ambassador
  • new home construction,new home starts,new home buyers,builder trade in program,new home ambassador

Can we break our 10-year cycle of mediocrity?

Atlanta, the former No. 1 new-home market, remains a barometer for the nation. At 25,000 permits, Atlanta is still the third largest new home market in the U.S., but almost nine years into our “recovery,” we are still 50% below our pre-bubble normal (Atlanta permit chart). This is in spite of nearly a decade of positive job growth, positive in-migration and population growth. All of MarketNsight’s 18 cities across the Southeast exhibit this trend. Most cities are still anywhere from 30% to 60% below pre-recession levels. Whom are we missing?

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Homebuilder sentiment drops in June due to soaring lumber costs
  • Post By : New Home Ambassador
  • new home construction,new homes,builder trade in program,new home ambassador

U.S. homebuilders are thrilled with demand for housing, but they say they are being hamstrung by rising costs for lumber.

Builder sentiment fell 2 points to 68 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index stood at 66 last June. A reading above 50 is considered positive sentiment.

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Why Have Interest Rates Jumped to a 7-Year High?
  • Post By : New Home Ambassador
  • interest rates,new home builders,builder trade in program,rider elite team

 

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.

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How A Lack of Inventory Impacts the Housing Market
  • Post By : New Home Ambassador
  • lack of inventory,rider elite team,builder trade in program,new home builders

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018.

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US homeowners gained $1 trillion in the last year as their housing values jumped
  • Post By : New Home Ambassador
  • home equity,new home construction,housing values,builder trade in program,new home ambassador

Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does the percentage of home equity for those owners with a mortgage.

Home equity jumped 13.3 percent in the first quarter of this year compared from a year earlier, according to CoreLogic. For the average borrower, that translates to $16,300 in additional home equity gained during the year, or a collective $1.01 trillion. That is the biggest gain in four years.

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