<iframe src="//www.googletagmanager.com/ns.html?id=GTM-8MDH" height="0" width="0" style="display:none;visibility:hidden">

Real Estate Blog & Resources

What Would a Federal Reserve Rate Hike Mean for Housing?

While those in the real estate sector often look to mortgage rates to gauge the health of demand and future sales in the housing market, they should soon pay more attention to the federal funds rate. The Federal Reserve has some hesitation in significantly raising the funds rate, hoping to protect the economy’s ability to respond and adapt to the change. 

2015 Real Estate Trends That Matter

What Real Estate Trends Will We See in 2015?

The housing market has been in recovery mode for the past two years and it appears we can expect the same to continue but at a slightly slower pace. In addition, predictions show the market could swing in favor of the buyer based on a stabilization after the upturn in the years following the bursting of the housing bubble. Brandon Cornett of the Home Buying Institute recently examined the top real estate trends projected for 2015.

Low Mortgage Rates Allow for a Bigger Buyer’s Budget

Since the beginning of the year, the 30-year fixed mortgage rate has fallen from 4.3 percent to 3.8 percent. Although a half point may not seem notable, it can translate to significant savings on a monthly basis over the life of a loan. A recent article, Half-Point Drop in Interest Rates Boosts Buyers’ Budgets, tells buyers that they should take a second look at their housing buget.

Mortgage rate hits record low

Mortgage rates continued to drop, with the 15-year fixed-rate loan hitting a record low, according to a weekly report from mortgage financier Freddie Mac.

Home Prices in 20 U.S. Cities Climb by Most Since June 2006

Residential real estate prices

2013 Home Trends

In 2012 we saw major growth in the SouthStar Communities and in the national housing market. According to Forbes, we are in for continued growth in 2013. Below is a list of housing trends for 2013. If you’re thinking about buying, SouthStar Communities might be the place you pick for your new home!

 

  1. Baby Boomers – Middle range baby boomers and boomers still in their careers are making plans for retirement. With newfound freedom and time many are considering new homes. Boomers are preparing for life after the workforce by searching for the homes of their dreams in destination communities.
  2. New Families – On average, Americans are having children at an older age. Because of this, older parents are financially stable and able to buy homes when they have children.
  3. Foreclosures – The rate of foreclosures has decreased 10.2% from 2011. This means the market is a better place for all buyers.
  4. High Rental Rates – On average, a rental home is $1,044 monthly. When considering renting versus owning, Americans are choosing home ownership.
  5. Low Interest Rates – All is well for buyers because interest rates are low. Rates range from 2.6% to 4.5% in most communities around the United States.

Why it’s a Good Time to Become a Land and Home Owner

Owning your own home can be extremely satisfying and can create a sincere sense of accomplishment and pride. Luckily, in today's economic situation, it's beneficial for you to become a land and home owner if you have the financial means.

Four Questions to Ask Your Home Construction Loan Officer

Most likely, if you purchase land in one of our master planned communities and plan on building a home, you are going to need to get a home construction loan. There are many lenders out there that will give you a home construction loan. But how do you know if the lender who you're going with is experienced? Well, there are some questions that you can ask your home construction lender to know if they're an experienced home construction lender or not.

Home Mortgage Rates at 52 Year Lows

Mortgage rates dropped to a 52-year low today and are not expected to drop much further which means that lot loans and construction loans are also at all-time lows. The good news for the housing market this week combined with these incredible low rates makes it the absolute perfect time to buy land now.

Hope For The Housing Market

HOPE FOR THE HOUSING MARKET THIS WEEK!