Kelly Cook Real Estate Group, PC

Housing Is Still Affordable in the United States!
  • Post By : New Home Ambassador
  • housing affordability,builder trade in program,new home ambassador

Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.”

If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at the results of the latest Housing Affordability Report from the National Association of Realtors (NAR).

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Rising prices and interest rates are a 'one-two punch' to homebuyers, Lennar chairman says
  • Post By : New Home Ambassador
  • new home construction,interest rates,new home prices,Builder trade in program,new home ambassador

Rising prices and accelerating interest rates are a "one-two punch" to homebuyers, Lennar Executive Chairman Stuart Miller told CNBC on Thursday.

"The combination of both higher prices ... together with the acceleration and adjustment of interest rates — that is a one-two punch to what our buyers purchase, which is basically [a] monthly payment," Miller told CNBC's Diana Olick during a "Power Lunch" interview.

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The True Cost of NOT Owning Your Home
  • Post By : New Home Ambassador
  • home ownership,buying a home,builder trade in program,new home ambassador

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.

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New Home Friday 10-12-2018
  • Post By : New Home Ambassador

Are We About to Enter a Buyers’ Market?
  • Post By : New Home Ambassador
  • buyers market,market shift,builder trade in program,new home ambassador

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

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New Home Friday 10-5-2018
  • Post By : New Home Ambassador

Should I Buy Now? Or Wait Until Next Year?
  • Post By : New Home Ambassador
  • Home buying,mortgage rates,builder trade in program,new home ambassador

 

  • 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 5.2% by the third quarter of 2019.
  • CoreLogic predicts home prices to appreciate by 5.1% 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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New Home Friday 09-28-2018
  • Post By : New Home Ambassador

Toll Brothers' record shows the American housing boom has no end in sight
  • Post By : New Home Ambassador
  • new homes,new home construction,housing market,builder trade in program,new home ambassador

Unemployment keeps falling and home prices keep going up. It's a great recipe for a strong housing market.

Nothing has been able to stop the housing boom -- not even higher interest rates.

Higher rates do not seem to be an issue for prospective buyers, mainly because the job market remains strong and housing prices are rising.

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Home Prices Have Appreciated 6.9% in 2018
  • Post By : New Home Ambassador
  • home ownership,home equity,home appreciation,home price appreciation,builder trade in program,new home ambassador

Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.

Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in prices across the country and their predictions for the following year.

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