Why Have Interest Rates Jumped to a 7-Year High?

by Builder Trade In Program Jun, 25

 

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.

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Top 4 Home Renovations for Max ROI

by Builder Trade In Program Jun, 19

Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI).

 

Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.

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How A Lack of Inventory Impacts the Housing Market

by Builder Trade In Program Jun, 18

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018.

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Welcome to your Weekend!

by Builder Trade In Program Jun, 13

Multigenerational Father's Day Tinkershop  – Saturday, June 16th

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Days on The Market Drops to New Low in April

by Builder Trade In Program Jun, 12

According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month.

NAR’s Chief Economist, Lawrence Yun, had this to say,

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US homeowners gained $1 trillion in the last year as their housing values jumped

by Builder Trade In Program Jun, 11

Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does the percentage of home equity for those owners with a mortgage.

Home equity jumped 13.3 percent in the first quarter of this year compared from a year earlier, according to CoreLogic. For the average borrower, that translates to $16,300 in additional home equity gained during the year, or a collective $1.01 trillion. That is the biggest gain in four years.

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Will Home Prices Fall as Mortgage Rates Rise?

by Builder Trade In Program Jun, 05

Will Home Prices Fall as Mortgage Rates Rise?

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate.

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Drop in Inventory Fuels Sales Slowdown

by Builder Trade In Program May, 31

 

  • Existing Home Sales are now at an annual pace of 5.46 million.
  • Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines.
  • The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.
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