What is the Cost of Waiting Until Next Year to Buy?

  • The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 5.1 percent by the end of 2019.
  • CoreLogic predicts home prices to appreciate by 4.8 percent over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!

 

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Home builders see rebound after housing market ‘pause’

Call it the “pause that refreshes?”

The housing market endured a tough slog through most of 2018, but one home builder is adamant that a rebound is in store. That outlook, from Lennar Corp. LEN, -0.93 percent   executives, was enough to propel company shares up 10 percent this week, even as the company and a peer, KB Home KBH, +0.81 percent   both declined to provide formal guidance for the full year.

Both firms reported earnings Wednesday. Lennar’s net income beat expectations,...

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Homebuilder sentiment drops in December to the lowest point in more than 3 years

Homebuilder sentiment dropped in December to its lowest point in more than three years while potential buyers hesitate to purchase new homes even as mortgage rates have pulled back in the past month.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, homebuilder sentiment declined 4 points in December to 56. That is the lowest reading since May 2015 and well below December 2017′s level of 74. This comes after an 8-point drop in November. Anything above 50,...

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Where is the Housing Market Headed in 2019?

  • Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes!
  • Home prices will rise at a rate of 4.8 percent over the course of 2019 according to CoreLogic.
  • All four major reporting agencies believe that home sales will outpace 2018!

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