Currently viewing the tag: "New Home Sales"

Pending Home Sales Higher Again

On February 1, 2011 By

And then the bad part…it’s also tied to the economy. Mortgage rates get their direction, in a large part, from the overall economy. As mortgage rates move higher, home affordability goes lower. Coupled with rising home demand, your dollar won’t buy as much in the second half of 2011 if these trends hold true.

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New Home Sales Rise In November

On December 28, 2010 By

As we move into 2011, housing is looking increasingly solid. Sales in all categories are improving over the past six months. Coupled with rising interest rates, it appears that buying a home in early 2011 will be cheaper than waiting until after the snow has melted.

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New Home Sales Report Shows Decline

On November 30, 2010 By

Builder confidence indicates that negotiations in the spring will not favor buyers as strongly as last spring. Add to it the fact that mortgage rates rising, the best deals on a new home may be now.

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Great Week For Housing Data

On October 28, 2010 By

Why buy? Over the life of the loan, a 4.5% mortgage rate costs $43,000 than a 5% mortgage rate on a $400,000 loan.

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Homebuilder Confidence Ticks Higher

On October 20, 2010 By

It’s a beautiful cycle, until the economic growth creates higher mortgage rates and home prices. As compared to a year ago, the 30 year fixed rate mortgage is lower by 0.75% or $90/month on a $200,000 loan. It has created historically unprecedented levels of home affordability.

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Market Stabilizing: New Home Sales Unchanged

On September 28, 2010 By

Aside from builder incentives and the naturally stronger negotiating position for today’s buyer, the fact that mortgage rates are down 0.75% since the beginning of the year. Homes were already more affordable just with the dip in prices, but coupled with mortgage rates we’re now we’re nearly off the chart.

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Interest Rate Predictions | Week of August 30, 2010

On August 30, 2010 By

Interest rates had an interesting week last week.

They were absolutely crushed by almost 0.25% on Friday, yet mortgage rates improved on the week and traced all-time lows on Thursday afternoon.

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New Home Supply Higher

On August 26, 2010 By

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.

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New Homes Sales Tick Higher in June

On July 27, 2010 By

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.

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Home Supply Plummets

On May 28, 2010 By

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.

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