Builder Confidence All-time High via(NAHB/W.F. Housing Market Index)

National Association of Home Builders:

• "builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high."

Full Article:  http://eyeonhousing.org/2020/10/builder-confidence-continues-record-climb/

Lumber Prices Come Down Approximately 20%

• "Since mid-April, lumber prices have soared nearly 120%  but are down roughly 20% since mid-September." 
• "This unprecedented lumber price spike over the last several months has added nearly $16,000 to the price of a typical new single-family home." 

Full Article here:  http://nahbnow.com/2020/10/lumber-prices-trending-downward-from-mid-september-peak-but-still-high/?utm_source=linkedin&utm_medium=Social&utm_campaign=Social2020

(National Association of Home Builders)

Jordaan Sieben, Mason Mortgage Advisors

 

Sales Skyrocket for Luxury Homes!

"U.S. new home sales advanced to the highest level in almost 14 years"

 (Bloomberg Markets & Finance):

• "...tremendous surge in second home buying..." 
• "...the strongest we've seen in over a decade, even during the boom period..." 
• Ivy Zelman, CEO of Zelman & Associates(housing research firm).

How a Formal Mortgage Credit Pull/Inquiry Impacts your Credit:

 

• Pulling credit can be considered a necessary evil.
• It will help you to understand what kind of house you can afford, and what kind of down payment you can afford.
• What's awesome is that In the mortgage industry you can have your credit pulled multiple times within a 30-45 day window without it counting multiple times against your credit. Meaning that you can have your credit pulled within a 30-45 day window and it will only count against your credit score once.
• For the multiple times your credit will be pulled, the crazy thing is it will only knock off about 2 or 3 points from your credit score; that's nothing! 
• Let's get together and come up with a plan to get you qualified for a home loan as quickly as possible. PM me or comment for more info.