71% of Homeowners Think Now is a Good Time to Sell

by Builder Trade In Program Jun, 27

Fresh data from the National Association of Realtors indicates that 71% of homeowners believe now is a good time to sell, which is giving the group hope that more listings are on the horizon. That figure is up from 69% in the first quarter of 2017 and from 61% a year earlier. It also found that fewer renters think it is a good time to buy a home, and respondents are less confident about the economy and their financial situation that earlier this year despite continuous job gains.

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Home prices are sky high, but mortgages are still cheap

by Builder Trade In Program Jun, 26

Real estate is crazy expensive.

The median existing home price climbed to $252,800 in May, according to the National Association of Realtors, exceeding the peak hit in June 2016 of $247,600.

At this point, home prices have been rising every month for more than five years.

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New Home Friday 06-22-2017

by Builder Trade In Program Jun, 22

Welcome to your Weekend!

by Builder Trade In Program Jun, 21

Beta Dance Festival

 

Beta will feature innovative and captivating dance works submitted by local dance artists and companies.

June 23 & 24...

Take Care – it’s hot out there!

by Builder Trade In Program Jun, 21

There is an Excessive Heat Warning issued for the Phoenix area.

Stay safe and drink lots of water!

And keep your pets cool, hydrated and off of hot pavement.  If the pavement would burn your bare feet, it will burn your dog’s paws.

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Looking for a Newly Constructed Home? Better Buy Now

by Builder Trade In Program Jun, 19

More newly constructed homes were completed in May—but fewer abodes are in the pipeline, 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.

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New Home Friday 06-15-2017

by Builder Trade In Program Jun, 15

Welcome to your Weekend!

by Builder Trade In Program Jun, 14

The Wizard of Oz – Thursday, June 15th – 25th

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5 Popular Trends in New-Home Construction

by Builder Trade In Program Jun, 13

What building materials are trending in new-home construction? The latest Annual Builder Practices Survey, conducted by Home Innovation, reveals what buyers can expect to see in the new-home market.

 

  1. Garages: The garage door is getting more enhancements, including windows, insulated doors, and doors made of composite or plastic materials. In 2014, 32 percent of all new single-family homes had bays for three or more cars—the most ever recorded in this study's history.
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What percent of income are buyers spending on mortgages?

by Builder Trade In Program Jun, 13

Los Angeles homebuyers would need to shell out 46.8 percent of their income on a median-valued home

Buyers are spending 29.2 percent of their monthly income for median-priced homes, according to Zillow’s latest study on affordability in 35 of the nation’s largest markets.

Monthly and quarterly market studies by organizations such as the National Association of Realtors (NAR) and CoreLogic have shown a continuous rise in home prices over the course of nearly 70 months. Furthermore, current peak pricing ($198,000) has surpassed the previous peak value of $196,600, which was reached in April 2007.

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