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7 Pieces of Good News from Last Week!
  • Apr 03, 2015
  • New Home Ambassador
  • new home ambassador newnha new home construction steve rider

 

  1. Interest rates drop this week: why? The Feds, forecasted that we would have at least 250,000 new jobs this month we only had 126,000, this is disappointing for the job market, but, rates have dropped, meaning good news for the consumer, especially those in the housing market!

 

  1. Oil gasoline prices have dropped again, this may be bad news for the workers on the oil rigs, but, it is good news for millions of consumers in the United States. Why? The recent agreement with United States and Iran will allow them (Iran) to start producing and exporting more oil which will further soften the market, consumers should take vantage of these low prices because we know oil prices will eventually rise, so plan those vacations now and go spend some money and have fun!

 

  1. Home prices are up 4.5%. Why? Even though we had a horrible winter, home prices are still over last year in January 2014. This is good news for the average homeowner that is looking to make up losses for the last recession, For those of you considering selling now maybe just the perfect time to sell and buy a new home!

 

  1. Inflation is down. Why? The cost of goods across the U.S. And overall prices have been held in check due to consumer's saving money versus spending, oil prices been lower in the past weeks and this is good news for most!

 

  1. Consumer foot traffic for those looking for new homes is up from the West Coast to the East Coast. Why? Overall, the number of new homes starts are still down, we are still selling by far less new homes than we have in the last 25-30 years, the average number of sales in the U.S. Has normally been a minimum of 1,000,000 homes plus per year, but we are currently down between 400K to 700K, for the last 4 to 5 years!

 

  1. Pending new home sales are up 3%. Why? More buyers specifically Boomerang buyers and millennial buyers are slowly getting off the fence as they realize now is the best time in the history of United States to purchase a new home!

 

  1. Vacation home purchases are up by 57%. Why? As consumers have been hoarding cash over the last 4 to 5 years they are now starting to spend it on large purchases such as vacation homes this will stimulate the economy in many ways, starting first with purchases of consumer goods like furniture and other high end products like appliances and other household goods!
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