Newly Built Homes; (Millennial) Buyers Wanted

May 23, 2017

Good Afternoon Everyone, 

 

Taking a look at some of the housing market trends, news, and numbers and wanted to share some things with you. 

 

Taking a look at Mortgage News Daily (the news we get from our web app) and CNBC Mortgage news, we are seeing an interesting trend with newly built homes. Everyone expected newly built purchases to take off, but we are actually seeing the opposite. Builders are building, but buyer's aren't buying; more specifically millennial buyers. With construction focused on creating cheaper and affordable housing, numbers are still less than half of what they were from last year. They are still unable to afford the current housing market and struggling to obtain home ownership.

It seems that we are seeing prices at a point and interest rates increasing to cool off the market a bit. With rates where they are, now is still a good time to buy, just have to see if homes are available. Buyers are willing, but high prices can make it that much harder to qualify. 

See the following links for more information or check out our Facebook page to message us and chat some more. Thank you for checking out our page and we will see you next time! 

http://www.cnbc.com/2017/05/23/there-are-tons-of-newly-built-homes--just-the-wrong-kind.html

http://www.mortgagenewsdaily.com/05232017_there_are_tons_of_newly_built_homes_just_the_wrong_kind.asp

 

 

 

 

 

 

 

 

 

 

 

 

 

Please reload

Recent Posts

Please reload

Archive

Please reload

Tags

I'm busy working on my blog posts. Watch this space!

Please reload

TWO MORTGAGE GUYS

Golden Empire Mortgage dba Two Mortgage Guys
26413 Jefferson Ave, Unit E
Murrieta, CA 92562
USA

951-473-4733

951-677-0600

GOLDEN EMPIRE MORTGAGE, INC. ("GEM") [NMLS ID NO. 2427] IS A CALIFORNIA CORPORATION WHOSE PRINCIPAL BUSINESS OFFICE IS LOCATED AT 1200 DISCOVERY DRIVE, STE. 300, BAKERSFIELD, CALIFORNIA 93309. GEM IS A RESIDENTIAL MORTGAGE LENDER AND SERVICER LICENSED BY THE DEPARTMENT OF BUSINESS OVERSIGHT PURSUANT TO THE CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT UNDER LICENSE NO. 413-0360. GEM CONDUCTS RESIDENTIAL MORTGAGE LENDING ACTIVITIES IN THE FOLLOWING ADDITIONAL STATES AS FOLLOWS:

ARIZONA: GEM CONDUCTS BUSINESS IN THE STATE OF ARIZONA AS GOLDEN EMPIRE MORTGAGE, INC. UNDER MORTGAGE BANKERS LICENSE NO. 0906440 ISSUED BY THE ARIZONA DEPARTMENT OF FINANCIAL INSTITUTIONS.

COLORADO: GEM CONDUCTS BUSINESS IN THE STATE OF COLORADO PURSUANT TO A MORTGAGE COMPANY REGISTRATION ISSUED BY THE COLORADO DIVISION OF REAL ESTATE.

OREGON: GEM CONDUCTS BUSINESS IN THE STATE OF OREGON UNDER MORTGAGE LENDING LICENSE NO. ML-2891 ISSUED BY THE DIVISION OF FINANCE AND CORPORATE SECURITIES, DEPARTMENT OF CONSUMER AND BUSINESS SERVICES.

TEXAS: GEM CONDUCTS BUSINESS IN THE STATE OF TEXAS AS GEM MORTGAGE, INC. PURSUANT TO A MORTGAGE BANKERS REGISTRATION ISSUED BY THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING. NOTICE TO TEXAS LOAN APPLICANTS

WASHINGTON: GEM CONDUCTS BUSINESS IN THE STATE OF WASHINGTON UNDER CONSUMER LOAN COMPANY LICENSE NO. CL-2427 ISSUED BY THE WASHINGTON DIVISION OF CONSUMER SERVICES, DEPARTMENT OF FINANCIAL INSTITUTIONS.