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The Advantage Group

rate drop, rate decrease, mortgage rate

Mortgage Rates Drop For Third Time in 2019

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For the third time this year, The Federal Reserve has lowered the target range for the key, short-term federal funds rate by 25 basis points. This cut almost fully reverses the increases we saw in 2018. The FOMC views these enacted reductions as part of a mid-cycle (mid-late-cycle may be more accurate) adjustment to ensure…

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Now Is the Time for Homebuilder Stocks

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Homebuilder stock is about to enter the “Golden” stretch. Since 1999, builder stocks have generally hit bottom around the end of October and then risen, on average, 18.3% through the end of April. Despite the fact that builders are up 25% this year already, analysts are expecting this year to be no different than previous years. So…

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Homebuilders Confidence Increases as Demand Rises

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Good news for homebuilders throughout the country, the demand for newly-built single-family homes rose three points to 71 in October.  One of the biggest contributors to the increase in demand is low mortgage rates. A recent article from the National Association of Home Builders states: “The second half of 2019 has seen steady gains in single-family construction,…

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The Ideal Millennial Home

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Surprisingly, or not, millennials prefer a different home layout than other generations. Millennials are more inclined to want features such as two-story homes, open layouts, and a greater number of bedrooms and bathrooms than other generations, according to data from NAHB’s “What Home Buyers Really Want” report. According to a recent article from the National Association…

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Affordable Housing Coming To Sacramento

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Believe it or not, affordable housing is on its way to Sacramento. California Governor, Gavin Newsome, is putting his January initiative into action and is bringing affordable housing into Sacramento. The goal is to increase housing opportunities for those that make 40%, 60%, or 80% of the area median income. According to The Sacramento Bee…

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Sonoma County Housing Pricing Increases

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The fires in October 2017 in Sonoma County have many residents that were affected re-evaluating their housing situation.  Instead of rebuilding homes that were lost in the fire, many are opting to buy a pre-existing home. This wave of buyers is driving up the costs of single-family homes and putting pressure on an already dwindled…

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rate drop, rate decrease, mortgage rate

Are Rate Cuts Coming?

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Good news for homebuyers. The Federal Reserve is going to be dropping rates once again. Federal Reserve Chair, Jerome Powell, stated that the Fed would act “as appropriate” in order to maintain the current economic expansion. As we near 2020, it is predicted the Fed will continue dropping rates to keep up with the longest economic…

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Home Buying in a Digital Age

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Anything and everything is available online. Consumers are shopping for everything from music to razors to clothes, and it should come as no surprise that real estate is not any different. Most consumers have been searching neighborhoods and homes long before they even contacts with a real estate agent. In a recent article from NAR.com…

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What the Millennial Home Buyer Wants

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Millennials are entering the housing market full force, and they know what they want. And DON’T want. Not surprisingly, the wants of a Millennial differ from Baby Boomers and Gen Xers. A recent article from NAHBnow.com put together a list of the top 10 features millennials want in their home compared to other generations. No. 1 on…

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Expert Predictions for the Second Half of 2019

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The first half of 2019 saw the housing market (finally) start to shift away from being a seller’s market. While sellers are still holding a lot of sway, buyers are seeing prices drop and negotiating power rise. This is great news for first-time homebuyers, most of whom are millennials. Right now is a very good…

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