New Home Friday 07-08-2016
  • Post By : New Home Ambassador

U.S. Census Data Shows New Homes are Getting Bigger
  • Post By : New Home Ambassador
  • new homes,new home construction,new home sizes,bigger homes,upsizing

If you’ve been active in your new home hunt, you’ve probably noticed one similar trend about the homes and communities you’ve been checking out: homes are getting bigger.

Well, you’re not just seeing things. According to the U.S. Census Bureau, the size of single-family homes has been rising for decades. In fact, the median size of a single-family home completed in in the United States in 2015 was 2,467 sq. ft., up 14 sq. ft. from the previous year and up 240 sq. ft from 2005.

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New Home Friday 07-01-2016
  • Post By : New Home Ambassador

What does “Brexit” mean to the U.S. Housing Market?
  • Post By : New Home Ambassador
  • brexit,european union,eu,brexit and us housing market

“Brexit” – The British exit from the economic and political union with Europe after a quarter century came as a great surprise, shaking financial markets and lowering the outlook for economic growth in the U.S.

“Buying, selling and lending just got riskier, all because the market is more turbulent and less predictable,” Redfin chief economist Nela Richardson said. “It takes a certain amount of confidence to buy a huge asset like a house and markets just lost their confidence.”

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The emotional steps in the new home journey
  • Post By : New Home Ambassador
  • new homes,new home construction,buying a new home

 

Drew Knight - New Home Source

When will the Fed raise interest rates?
  • Post By : New Home Ambassador
  • interest rates,economy,rate hike,janet yellen

Disappointing job growth in May combined with other economic factors seem to have caused the Fed to reconsider a June rate hike.

The Federal Reserve's April meeting minutes suggested that a strengthening economy could bring about the decision to raise interest rates at the June meeting. However, disappointing job growth in May combined with other global and domestic factors seem to have caused the Fed to reconsider. 

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Housing Preferences of Millennials vs. Baby Boomers
  • Post By : New Home Ambassador
  • housing preferences,millennials and home buying,new home versus resale

The National Association of Home Builders (NAHB) recently released a study entitled: Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers. The study compared the house preferences of seniors, boomers, gen X-ers, and millennials.

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The New Housing Opportunities and Market Experience Report
  • Post By : New Home Ambassador
  • home buyer,time to buy a new home,housing market

 

The new Housing Opportunities and Market Experience (HOME) report was created to monitor consumer sentiment about the housing market. 

 

This new report covers core topics that are tracked on a monthly basis such as - Is now a good time to buy or sell?

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New home sales hit 619,000 in April, versus 520,000 estimate
  • Post By : New Home Ambassador
  • new home sales,housing market,labor market,housing supply

New U.S. single-family home sales surged to a more than eight-year high in April and prices hit a record high, offering further evidence of a pick-up in economic growth early in the second quarter.

The Commerce Department said on Tuesday new home sales jumped 16.6 percent to a seasonally adjusted annual rate of 619,000 units, the highest level since January 2008. The percent increase was the largest since January 1992.

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The market is falling! The market is falling!
  • Post By : New Home Ambassador
  • Real estate investing,buy a new home,new home construction,new home ambasssador

 

If you have not noticed, there are signs in the real estate market that indicate the market is slowing down and will slow down for a minimum of a year or two. As you well know, all markets go in cycles, and we have been in recovery mode for the last seven years!

 

 

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