Net Worth of Homeowners 44X Greater than Renters

by Builder Trade In Program Oct, 18

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 data, covering 2013-2016 was released two weeks ago.

The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

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Thinking of Selling your Home? Competition is Coming

by Builder Trade In Program Oct, 16

 

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.7% over last year.

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Welcome to your Weekend!

by Builder Trade In Program Oct, 11

Arizona State Fair

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Lack of Existing Home Inventory Slows Sales Heading into Fall

by Builder Trade In Program Oct, 10

Highlights:

 

  • The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.
  • First-time homebuyers made up 31% of all sales in August.
  • Homes are selling quickly with 51% of homes on the market for less than a month.
  • A limited supply continues to drive up prices for the 66th consecutive month.
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No… You Do Not Need 20% Down to Buy NOW!

by Builder Trade In Program Oct, 09

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that non-homeowners cite the main reason for not currently owning a home, as not being able to afford one.

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New Home Friday 10-06-2017

by Builder Trade In Program Oct, 06

Welcome to your Weekend!

by Builder Trade In Program Oct, 04

A Race for Maggie’s Place

A Race for Maggie’s Place is a series of events in a family friendly atmosphere. There is a distance for everyone: 15K Run, 10K Run, 9K Run, 5K Run/Walk/Stroller Push and a Kids’ and Diaper Dash.

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Which Homes Have Increased in Value the Most?

by Builder Trade In Program Oct, 03

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year.

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Should I Buy a Home Now? Or Wait Until Next Year?

by Builder Trade In Program Oct, 02

  • 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 4.4% by next year.
  • CoreLogic predicts home prices to appreciate by 5.0% 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 09-29-2017

by Builder Trade In Program Sep, 29