http://cblegacysanangelo.com/blog/31/sort_entrydatetime-desc/ This article is brought to you by Legacy Lending Home Loans!New Home Sales, which measures signed contracts on new homes, were down 6.6% in June, which was a significant miss and beneath expectations of a 3.4% gain. Looking at inventory levels - There were only 353,000 new homes for sale, which is up 7% from May. The Median home price was reported at $362,000, which is down 5% from the previous report and up 6% year over year. Taking a deeper look at the sales and inventory – 77% of the sales in June were for homes not started or still under construction. 90% of the for sale inventory at the end of June were not started or still under construction. There is clearly a huge backlog of construction for builders, which is why the nations largest like D.R. Horton are pulling back on sales to let supply catch up to demand. This is the reason for the decline in sales, not a lack of demand. http://cblegacysanangelo.com/blog/31/71/new-home-sales/ Tue, 27 Jul 2021 11:27:26 -0600 More than 1 in 5 homeowners who stayed put during the pandemic opted to refinance their mortgages over the past year, according to a new survey published by Zillow.The Seattle-based real estate tech company found that roughly half of those who refinanced last year saved at least $300 per month by doing so. Still, many homeowners declined to refinance because of the difficulty of the process or the high fees involved, Zillow’s survey found http://cblegacysanangelo.com/blog/31/70/easier-than-dieting-harder-than-training-a-dog/ Tue, 27 Jul 2021 11:23:51 -0600 Data from the 2015 Survey of Income and Program Participation, two U.S. Census Bureau researchers found that homeownership is the top contributor to household wealth in the U.S.While barriers like rising home prices have made achieving the dream more challenging, there are several reasons why it shouldn’t be given up on, monetary and otherwise http://cblegacysanangelo.com/blog/31/69/why-americans-shouldn’t-give-up-on-homeownership/ Tue, 27 Jul 2021 11:22:35 -0600 For many Americans, buying a house during a pandemic meant competitive situations, buying above the list price of the home and waiving contingencies. You would think that would lead to panic and regret after closing. But, a new study by Hireahelper.com, says no. http://cblegacysanangelo.com/blog/31/68/happy-covid-homebuyers/ Tue, 27 Jul 2021 11:19:47 -0600 With some basic knowledge of dealing with inspections, you can easily maximize your property’s returns.1. Check for major issues2. Get help from your REALTOR®3. Make a checklist4. Don’t ignore the minor issues5. Clean before inspection6. De-clutter the property7. Make sure it is 100% operational 8. Allow time for inspection9. Leave the property10. Don’t try to hide any issues http://cblegacysanangelo.com/blog/31/63/10-tips-to-prepare-for-your-property-inspection/ Tue, 29 Jun 2021 02:57:53 -0600