First Time Home Buyers
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"New Home Sales"
The August New Home Sales was weaker-than-expected, but both Wall Street investors and Main Street economists are shrugging it off. The numbers were foreshadowed by weakening housing figures from earlier this summer.
Continue Reading →Yesterday’s news was from the National Association of Realtors and was the weakest Existing Home Sales report in 15 years. Today’s story is a similar release from the U.S. Census Bureau regarding the New Home Sales report.
Continue Reading →Although new home inventory actually dropped 2,000 units in July, the slowing sales pace still managed to push the national supply higher by 1.1 months. At July’s rate of sales, the nation’s new home inventory would be exhausted in just about 9 months.
Continue Reading →Whether it is in the form of discounted prices, free upgrades, or closing cost credits, these homes are already priced well and just keep getting more attractive. Add in the lowest mortgage rates in history, home affordability may never be better.
Continue Reading →At the current sales pace, the nation’s complete supply of new homes would be sold in just 5 month’s time. With mortgage rates exceptionally low, this could be the best time to buy.
Continue Reading →The sales of newly-built homes soared in March. Even more than what was expected. But the news may not be as glowing as what the media is telling us.
Continue Reading →First time home buyers have been watching an ever-shrinking housing supply tick higher for months now. It’s made the most desirable homes turn into multiple offer situations in many markets.
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