Mortgage Rate increases over the last few months has played a role in our home sales pace. It is important to keep our pulse on this data moving forward as we strategically position our neighborhoods and make the proper assumptions in our absorptions. —————————————————————————————————————————– Metro Atlanta home prices rose in August, but
HOME PRICE INCREASES ARE SLOWING
Home price increases that we have enjoyed over the last 9-12 months are slowing down in markets across the country Price increase strategies should be reined in. A rising interest rate environment and double digit price increases over the last 12 months have the new home buyers hitting their limits of what they will or
Mortgage lenders are starting to accept lower credit scores and smaller down payments.
Last month, the average FICO score for a closed home loan was 732, down from 750 a year ago, shows data from mortgage tracker Ellie Mae. The average down payment was 19%, vs. 22% a year ago. What’s more, almost one-third of closed loans had FICO scores under 700, vs. 17% a year ago. The
Metro Atlanta home sales dip, prices rise
Mortgage Rate increases over the last few months has played a role in our home sales pace. It is important to keep our pulse on this data moving forward as we strategically position our neighborhoods and make the proper assumptions in our absorptions. Metro Atlanta home prices rose in August, but sales declined, according to
LEVERAGED PORTFOLIO’S ARE BACK IN VOGUE. INVESTOR DEMAND SLOWS DOWN
AS THE BANKS CONTINUE TO OFFER MORE AND MORE LENDING OPPORTUNITIES FOR BUILDERS, THE INVESTORS WHO HAVE BEEN IN THE HOUSING MARKET GAME ARE BEGINNING TO LOOSE INTEREST. THE LOW TEENS RETURNS VS MID TO HIGH 20% RETURNS HAS INVESTORS SEEKING OUT ALTERNATIVE INVESTMENT OPPORTUNITIES. LEVERAGED PORTFOLIO’S ARE BACK IN VOGUE. The proportion of
PRICE INCREASES SLOWING DOWN
Home price increases that we have enjoyed over the last 9-12 months are slowing down in markets across the country Price increase strategies should be reined in. A rising interest rate environment and double digit price increases over the last 12 months have the new home buyers hitting their limits of what they will or
WILL PRICE APPRECIATION REMAIN STRONG
Will home price appreciation remain strong in the face of modest job growth and the recent uptick in mortgage rates? Price appreciation is largely driven by the degree to which demand exceeds supply. While the best short-term measure of the housing demand/supply balance is months of supply of homes on the market, the best long-term
CONSTRUCTION EMPLOYMENT UPDATE: UNFILLED JOBS
As the market continues to improve there are a number of additional opportunities for our construction and sales personnel to pursue. Establishing a “team” approach, valuing your teams input and properly compensating them for their contribution to the profitability of the “bottom line” will eliminate your company from have a “REVOLVING DOOR”, as the door
TAKING THE CHECKERED FLAG
Its time to exercise the discipline in our acquisitions to skillfully take the checkered flag…….. “What inning are we in?” It is difficult to answer that question, mainly because it’s the wrong sports metaphor. A better analogy than baseball is Formula One, where we’re about a third of the way around the track…and we
Banks’ Brimming Optimism Keeping Regulators Up at Night
Dodd-Frank and other Wall Street regulations born from the financial crisis were formed with one overarching goal: no more taxpayer bailouts. If you ask Morgan Stanley Chief Executive Officer James Gorman, regulators and big banks have done one heck of a job ensuring that reality. With the fifth anniversary of the financial crisis around the