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First time Homebuyers are on the rise – Help them find you

TransUnion recently reported that there will be a flood of first-time homebuyers in the market over the course of the next three years. In fact, 63% of those who said they plan to buy a house are first-time homebuyers. This is much larger than a year earlier, when 53% of prospective homebuyers were first-timers. Broken […]

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November New Home Sales Trend Higher – Are the Homebuyers Following Your Signs?

New home sales posted a small gain in November, after downward revisions for prior months. However, the sales pace for newly-built single-family homes is ending the year strong, with solid demand pointing to additional construction gains in 2020. Contracts for new, single-family home sales increased slightly in November by 1.3% to a 719,000 seasonally adjusted […]

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Guess what? Spring homebuying season now starts in January – Are you ready?

For all the talk about spring homebuying season being the prime time for the real estate market, it turns out that homebuying season starts when it’s much colder outside. According to Realtor.com, homebuyers have started their home search earlier and earlier over the last several years. As Realtor.com notes, historically, April was considered to be […]

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Builder Confidence Ends Year Strong on Solid Economic Fundamentals – Can the homebuyers find you?

Builder confidence in the market for newly-built single-family homes increased five points to 76 in December off an upwardly revised November reading, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This is the highest reading since June of 1999. Builders are continuing to see the housing rebound […]

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Builders are coming to the housing market’s rescue – How is your traffic?

A housing market stymied by supply shortages will get relief next year from homebuilders, according to the National Association of Realtors. Single-family housing starts likely will total 1 million in 2020, the highest since 2007, the trade group said in a forecast on Wednesday. That was the year prior to the housing market meltdown that […]

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U.S. new-home sales fall in October, but 2019 still looks good – Are your signs out?

Sales of new homes fell in October to an annualized rate of 733,000, according to the Census Bureau and the Department of Housing and Urban Development, but it still looks like 2019 is going to a vast improvement over 2018. According to the Census data, the October pace fell slightly off September’s pace, which was […]

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New Home Sales Post Strong Pace in October – Can the homebuyers find you?

November 26, 2019 -[NAHB.ORG] Sales of newly built, single-family homes decreased 0.7 percent to a seasonally adjusted annual rate of 733,000 units in October, off strong upward revisions to the September reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, […]

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U.S. housing starts rise 3.8% in October – How’s Your Traffic?

Housing starts rose 3.8% in October to a seasonally adjusted annual rate of 1.314 million and the pace for September was revised upward, according to the Department of Housing and Urban Development and the Department of Commerce. While household construction is on the rise, Mark Fleming, First American’s chief economist, said homebuilders are yet to construct enough homes to […]

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Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years – Are Your Signs Out?

November 07, 2019 [NAHB.ORG] With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today. In all, 63.6 percent of new and […]

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Pending Home Sales Rise in September – Can the Homebuyers Find You?

The National Association of Realtors’ Pending Home Sales Index (PHSI) rose 1.5% to 108.7 in September, the group said Tuesday. Year-over-year contract signings jumped 3.9%. An index of 100 is equal to the level of contract activity in 2001. Historically low mortgage rates played a significant role in the two straight months of gains, according […]

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