3 key takeaways from the latest housing market reports

by Builder Trade In Program Sep, 06

The housing market has been slowly climbing out of the Great Recession, and it still has a long way to go before reaching what are considered normal production levels. This month, a new trend started to emerge in the residential reports released throughout August. And according to experts, that trend mirrors exactly where the market should be.

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New Home Friday 09-02-2016

by Builder Trade In Program Sep, 02

New Home Sales At Highest Level Since 2007

by Builder Trade In Program Aug, 28

Home builders are constructing homes that Millennials can afford.

A new report from the Census Bureau states that in July, newly built single-family homes were sold at the annual rate of 654,000, the highest rate since October 2007.

The New York Times reports that home builders and Millennials are the reasons for the upswing. The median sales price for new homes actually fell $16,000 in June, which indicates that builders are constructing smaller homes for younger adults who have now entered their prime home-buying time.

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New Home Friday 08-26-2016

by Builder Trade In Program Aug, 26

Trends among first time home buyers

by Builder Trade In Program Aug, 23

The market for first-time homebuyers is ever changing, as are the wants and needs in the homes they’re shopping for.

And the same goes for the economy. As the economy shifts, the buying process shifts as well, affecting the homes first-time homebuyers can afford and the locations where they can buy them.

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New Home Friday 08-19-2016

by Builder Trade In Program Aug, 19

5 Things To Do If You Want To Buy a Home in the Next 5 Years

by Builder Trade In Program Aug, 16

Buying a home takes preparation, patience and perseverance.  If you’re looking to buy your first home in the next 5 years or so, you’ll probably need to start now to ensure you’re in the right financial shape to do so.  Here’s what you’ll need to get there.

  1. Improve your credit score
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New Home Friday 08-12-2016

by Builder Trade In Program Aug, 12

As Baby Boomers age, D.R. Horton targets seniors with affordable housing brand

by Builder Trade In Program Aug, 09

D.R. Horton, the nation’s largest home builder, said active adult buyers looking for their last home have been scooping up the homes that were developed and marketed to first-home buyers.

After seeing that entry-level houses geared toward first-time home buyers have become popular with retirees, D.R. Horton announced Tuesday that it is establishing a new brand for “active adults” who are looking for their last home.

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New Home Friday 08-05-2016

by Builder Trade In Program Aug, 05