Consumer Housing Affordability Has Improved – Can the homebuyers find you?

In March, home prices retreated 0.9%, sliding 0.04% year over year, according to First American’s Real House Price Index. According to First American ’s data, unadjusted house prices sit 2.6% above the housing boom peak. Additionally, consumer buying power rose 1.5% between February and March, increasing 5.2% year over year. This means when consumer house-buying power is factored in, home […]

Continue Reading

New Home Sales Post Solid Numbers in April Up 10.3% in South – Homebuyers are out – Can they find you?

After an upward revision, March and April newly-built single-family homes sales data indicate that lower mortgage rates and price incentives increased the volume of transactions as the spring home buying season stabilized after weakness in late 2018. Contracts for new, single-family home sales declined to a 673,000 seasonally adjusted annual rate according to estimates from […]

Continue Reading

13% of Adults Planning to Purchase a Home Within A Year – Can they find your sales center?

In the first quarter of 2019, 13% of adults reported plans to purchase a home within a year. That is just slightly below where the share stood a year earlier, at 17%.  The decline marks the second consecutive year-over-year drop in the share of adults planning to buy a home, providing further evidence that the […]

Continue Reading

The 55+ housing market is booming as builder confidence in this sector reaches record high – Are your signs out?

The 55+ housing market is thriving right now as more Baby Boomers look to invest in a new nest to live out their retirement dreams. With scores of older adults looking at new single- and multifamily builds, homebuilder confidence in this market has soared to a record high. According to the latest from the National […]

Continue Reading

U.S. economy rebounds, exceeding market expectations – Homebuyers are Out – Are Your Signs?

Economy grew 3.2% in the first quarter, signaling strong start to 2019 Gross Domestic Product reversed its course in in the first quarter of 2019, according to the advanced estimate from the Bureau of Economic Analysis. Real GDP increased at an annual rate of 3.2% in the first quarter, compared with a gain of 2.2% in the prior three […]

Continue Reading

Lower Interest Rates Help Boost March New Home Sales – Did the homebuyers find your new home sales center?

Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 692,000 units in March after a slightly 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 is the highest sales pace since November 2017. “These numbers indicate […]

Continue Reading

First-time homebuyers are not being shut out of the housing market – Help the homebuyers find your sales center

Several housing market analysts have expressed concern that a lack of affordability has shut first-time homebuyers out of the market. But the trouble is, there hasn’t been a great measure of how many first-time buyers are actually purchasing homes. Until now. A recent paper by the Federal Reserve Bank of New York reviewed current measures […]

Continue Reading

30-Year Mortgage Rate Retreats – The Homebuyers are out – can they find you?

For the third straight month, information compiled by Freddie Mac shows that mortgage rates continued to fall in February 2019. The 30-year FRM – Commitment rate, fell by nine basis points to 4.37 percent from 4.46 percent in January. The cycle peak was 4.87 percent in November. The Federal Housing Finance Agency reported that the […]

Continue Reading

New home sales pick up the pace on lower mortgage rates – Housing market strongest in a year – Are your signs out?

Sales of new homes rose in February to the highest level in almost a year as lower mortgage rates enticed buyers. Single-family new-home sales rose to 667,000, a 4.9% gain from January’s upwardly revised figure of 636,000, according to a report Friday from the Census Bureau and the Department of Housing and Urban Development. The […]

Continue Reading

Freddie Mac: Housing market will regain momentum this spring – Can Homebuyers find your sales center?

Lower than expected mortgage rates and moderating home prices are projected to heat up the spring home-buying season, according to Freddie Mac’s March Forecast.  However, the government sponsored enterprise has a less optimistic outlook when it comes to the annual GDP growth rate. Freddie now predicts GDP growth will reach 1.2% in the first quarter of 2019, rising to […]

Continue Reading