Builder optimism and buyer demand are high for new construction homes

 

Ignore the bad housing starts number from December!

Some will blame the weather. Others will claim the figures are too volatile month to month. Bottom line, December's steep drop in single-family housing starts is not indicative of what is really going on at construction sites across the nation.

This winter's chill was both brutal and early, and that was a factor, despite seasonal adjustments in the Census Bureau's reading. Starts fell hardest in the Northeast and South, where...

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Wondering If You Can Buy Your First Home?

Wondering If You Can Buy Your First Home?

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current income would never enable them to qualify for a mortgage.

We want to share what the typical first-time homebuyer actually looks like based on...

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712,000 Homes in the US Regained Equity in the Past 12 Months!

CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20 percent since the peak in Q4 of 2009 (26 percent) to 4.9 percent today.

 

The report also revealed:

  • The average homeowner gained approximately $14,900 in equity during the past year.
  • Compared to Q3...

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How Rising Prices Will Help You Build Family Wealth in 2018

 

Over the next five years, home prices are expected to appreciate on average by 3.35 percent per year and to grow by 24.34 percent cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity...

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