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Homebuilders like what they see. Mortgage rates are low, buyer interest is high, and foot traffic at sales events is as high as its been in 3 years. It's another signal of housing's budding recovery.
As mortgage rates drop for conventional, FHA, jumbo and USDA loans, U.S. homes are more affordable than ever. See where your hometown ranks out of 225 cities.
As "new home" sales fall to all-time lows, homebuilder confidence is rising. It appears as is the nation's home builders -- the ones still in business, anyway -- have figured this housing market out.
More homes are affordable to more home buyers than at any time in history. For all loan types -- conventional, FHA, jumbo and USDA -- payments are very low.
Two months after posting their worst confidence reading of 2011, home builders say they foresee no improvement in the immediate- or medium-term market for new homes nationwide. For buyers, this is a blessing.
Despite an increase in new homes sales and building permits, home builder confidence fell to a 9-month low in June. It's great news for home buyers.
Homebuilders know their business pretty well. Over the last 3 years, they've projected their own single-family sales with surprising accuracy. Here's what it means to today's homebuyers.
Home affordability is under attack. Mortgage rates are at a 10-month high and loan costs are rising. If your plans call for buying a home in mid-to-late 2011, consider moving up your time frame.
Homebuilder confidence held firm in January, says the National Association of Home Builders. Tucked in the report, though, are hints for new construction buyers in search of great "deals".
Jobs growth is happening, manufacturing output is increasing, and Wall Street is going bullish. You would expect homeowner costs to float higher, too. But, so far, however, mortgage rates and home prices have failed to keep pace. It's great news for home buyers, but the window is closing quickly.
The market for newly-built homes may not be as weak as the summer sales figures suggests. Homebuilders are closest to the market and they're feeling good.
With home prices in gentle recovery and mortgage rates continuing to fall, home affordability is cresting. See where all 225 metro areas rank.
Look around. Home prices are still low (all things relative) and mortgage rates are ridiculous. It’s no surprise that home affordability is high right now. REALLY high.
