Changing mortgage rates have significantly impacted homebuying demand over the past 15 months, showing a cyclical relationship between mortgage rates and sales trends. Historically, the ebb and flow of these rates have been tied to broader economic forces, from inflation to national fiscal policies. But what exact rate sparks significant behavioral change among potential homebuyers? …
As a home builder, you know that crafting a compelling sales approach and assembling a successful sales team is key to your bottom line. It’s no longer just about cost-driven tactics. The shift towards a value-based strategy is apparent and resonates more with today’s consumers. At PresGroup, we see this transformation first-hand and align our …
Navigating the Current Market: Transforming Sales Strategies for Home Builders Read More »
Are you struggling to find reasons why your buyers should purchase or invest while interest rates are fluctuating? You might be surprised to learn that this seemingly unstable environment can offer some unique advantages. By embracing the uncertainty of fluctuating interest rates, your buyers can unlock better deals and flexible financing options. Sometimes, navigating through the …
Benefits of Why Your Buyers Should Purchase While Rates are Fluctuating Read More »
Mortgage rates have been on a wild ride as of late, have you been keeping up? The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on reserve balances by 0.25 percentage points, effective February 2, 2023. The Fed has made eight increases since March 2022 to slow …
With 2023 now here, it’s essential to understand the current state of the real estate market. 2022 brought us sky-high prices fueled by historically low rates, which we saw rise towards the end of the year. Though increasing mortgage rates do typically mean lower home prices, continued inventory shortages indicate prices won’t drop too much …
Let’s Talk Inventory Shortages! What Does it Mean for the Housing Market? Read More »
As we bid 2022 adieu, the question on our minds is, can we also say goodbye to sky-high mortgage rates, low inventory, and elevated prices in the market? 2022 saw soaring prices fueled by historically low mortgage rates; these, however, are a thing of the past as we end the year with current average mortgage …
Inflation may be on the rise, and buying a home may be one of the best ways to help stabilize some of your potential Buyer’s monthly expenses. That may be surprising news, given that U.S. inflation rates are the highest they’ve been since 1981 (8.6% in August 2022), according to the consumer price index (CPI). …
Inflation May Be the Rise – How Homeownership Can Help Read More »
Buying a home is a big decision…and a big expense. And of course, there are many variables to consider when selling a new home to your buyer. One of the biggest current variables for homebuilders is the rise in interest rates. While interest rates may be at a historic low, increases can have a huge …
Mortgage Rate Buydowns & Good Financial Decisions Read More »