Homeowner’s Net Worth Is Still Greater Than a Renter’s

by Builder Trade In Program Aug, 15

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

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93.9% Of Homes in The US Have Positive Equity

by Builder Trade In Program Aug, 14

CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.

The study also revealed that:

Roughly 63% of all homeowners have seen their equity increase since Q1 2016

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New Home Friday 08-10-2017

by Builder Trade In Program Aug, 10

Welcome to your Weekend!

by Builder Trade In Program Aug, 09

Arizona Diamondbacks -vs – Chicago Cubs

 

Friday August 11th 6:40pm

Saturday August 12th 5:10pm

Sunday August 13th 1:10pm

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2017 is shaping up to be one of the best years for home sales in metro Phoenix

by Builder Trade In Program Aug, 08

Sales aren't higher than the boom year of 2005 when speculators bought a record number of homes, or the bust year of 2011 when investors snapped up a record number of bargain Phoenix-area foreclosure homes.

But those years weren’t normal and definitely weren’t healthy for Phoenix’s housing market. Phoenix-area home sales on track for best year ever

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Tiny Might Be Trendy, but Homebuilders Have Been Thinking Big—Until Now

by Builder Trade In Program Aug, 07

These days it seems like it's all about downsizing. Millennials and baby boomers are competing for the same smaller, more affordable, and easier to manage abodes, and everyone is talking about tiny homes.

But lest you think that tiny is the new big, a recent analysis of 25 years of homebuilding shows that builders, who doubled down on pricey McMansions after the recession, have been slow to pivot to meet the changing needs of home buyers.

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New Home Friday 08-04-2017

by Builder Trade In Program Aug, 04

Welcome to your Weekend!

by Builder Trade In Program Aug, 02

Live & Local Fridays 2017

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Buyer Demand Continues Outpacing the Supply of Homes for Sale

by Builder Trade In Program Aug, 01

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

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New Home Construction Is Finally Rising—What That Means for Buyers

by Builder Trade In Program Jul, 31

Homebuilders have been busy this summer—and that might make the home-buying search better for many Americans on the prowl for the place of their dreams.

Builders received 7.4% more permits to put up new homes in June compared with May, according to the seasonally adjusted numbers in the latest residential sales report jointly released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. That's a 5.1% increase over June 2016.

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