National Builder Trade-In Program

The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin.

AS HOUSING MARKET COOLS, HOMEBUYERS ARE PUTTING LESS MONEY DOWN ON A HOME The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin, the technology-based real estate brokerage. The median down payment was down 35% from the peak it reached in June, but still up more...

The real estate game is at a stalemate that shows no signs of budging anytime soon, with neither buyers nor sellers willing to make the first move.

THE STALEMATE BETWEEN BUYERS AND SELLERS The real estate game is at a stalemate that shows no signs of budging anytime soon, with neither buyers nor sellers willing to make the first move. Buyers have little incentive to lead the way. According to Freddie Mac, they’re battling high home prices and climbing mortgage rates, which rose to 6...

Mortgage rate buydowns—and education on their benefits—are becoming more prevalent as interest rates near 7%.

HIGHER MORTGAGE RATES PUSH BUILDERS TOWARD FLEXIBLE AND IMPACTFUL INCENTIVES FOR BUYERS After a two-year period where frenzied demand meant home buyers needed little motivation to reach purchasing decisions, incentives began to return to the housing market in spring 2022. As interest rates began to rise and home prices continued to appreciate, prospective home buyers became less willin...

The structural deficit of homes in both the for-sale and rental markets are contributing to the high levels of unaffordability in the overall U.S. housing market.

THE STATE OF HOUSING SUPPLY: ‘NOT ENOUGH HOMES TO GO AROUND’ Economic uncertainty, inflation, and rising mortgage rates are clouding the picture for the U.S. housing market, which is also facing a structural deficit of both for-sale and rental homes.

The National Home Builder Association expects housing to lead the economic recovery in 2024. They forecast over a million single-family starts and 510,000 multifamily starts in 2024.

SINGLE-FAMILY HOUSING DEMAND WILL REMAIN 'SOLID' FOR THE NEXT DECADE Current economic conditions should give builders pause, but they need to be nimble and remember that housing leads the business cycle, says Zonda's chief economist and NAHB's assistant vice president of forecasting.

The housing market has been brutal on homebuyers for the past two years—but at long last, signs suggest that the worst of it might be over.

A NEW NORMAL? THE HOUSING MARKET JUST SHIFTED & SELLERS MAY BE RUNNING OUT OF TIME America's housing market has been brutal on homebuyers for the past two years—but at long last, signs suggest that the worst of it might be over.

Here is your latest update on the housing market!

https://www.buildertradein.com/post/housing-market-slows-as-fed-takes-aggressive-approach-to-combat-inflation

HOUSING MARKET SLOWS AS FED TAKES AGGRESSIVE APPROACH TO COMBAT INFLATION Inflation remains at 40-year highs while national housing sales levels have reverted back to pre-pandemic 2019 levels.

Do you want to know what the experts are saying?

AT OPPOSITE ENDS OF THE COUNTRY, EXPERTS PREDICT HEALTHY HIGH-END REAL ESTATE MARKETS Doom, gloom, fear and uncertainty have darkened the bright landscape of domestic real estate. Rising mortgage rates and inflation have dampened the enthusiasm of would-be homebuyers and narrowed the outlook of once-confident sellers. But experienced real estate professionals in Manhattan and coastal...