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Will Home Prices Fall as Mortgage Rates Rise?
  • Post By : New Home Ambassador
  • home prices,mortgage rates rise,new home builder,rider elite team,builder trade in program

Will Home Prices Fall as Mortgage Rates Rise?

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate.

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

 

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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Don’t Wait to Sell Your House! Buyers Are Out Now
  • Post By : New Home Ambassador
  • great time to sell your home,builder trade in program,new home builders,builder tade in program,rider elite team

 

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high.

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5 Ways Tax Reform Has Impacted the 2018 Housing Market
  • Post By : New Home Ambassador
  • tax reform,2018 housing market,new home builders,rider elite team,builder trade in program

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream.

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Living Small(er): Are Floor Plans Shrinking?
  • Post By : New Home Ambassador
  • new home design trends,new home construction,new home sales,builder trade in program,new home ambassador

Housing data over the past decade shows that when it comes to floor plans, bigger is not necessarily better. The size of the average American home took a big hit during the Great Recession, and the trend toward smaller homes is continuing even though the market has recovered, according to Metrostudy data.

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Welcome to your Weekend!
  • Post By : New Home Ambassador
  • weekend events,things to do in phoenix,arizona diamondbacks,rider elite team,builder trade in program,cinco de maio

Arizona Diamondbacks vs. Houston Astros

Chase Field Events

401 E. Jefferson St. Phoenix, AZ...

New Home Sales Rise 4 Percent in March
  • Post By : New Home Ambassador
  • new home construction,home buying,builder trade in program,new home ambassador,new home sales

 

Sales of newly built, single-family homes rose 4.0 percent in March to a seasonally adjusted annual rate of 694,000 units after an upwardly revised February report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This the second highest reading since the Great Recession.

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New Home Friday 04-27-2018
  • Post By : New Home Ambassador

Home Buying Myths Slayed
  • Post By : New Home Ambassador
  • home buying myths,builder trade in program,new home ambassador,new home construction

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!
  • The credit score requirements for mortgage approval continue to fall.

 

New Home Friday 04-20-2018
  • Post By : New Home Ambassador

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