Touchdown Homes

Soaring lumber prices reverberate through U.S. housing market NEW YORK (Reuters) Skyrocketing lumber prices threaten to thwart the momentum of the U.S. housing market, which for months has been one of the brightest stars of the recovery from the pandemic recession. At the onset of the health crisis, the mills stopped producing, said Dustin Jalbert, senior economist and lumber industry specialist at Fastmarkets in Burlington, Massachusetts. As soon as they saw 20 million ...unemployed, they shut down production. Read full article here: https://kfgo.com//soaring-lumber-prices-reverberate-throu/ Touchdown Homes Inc. 350 Moffitt Blvd, 2nd Floor Islip, NY 11751 (631) 650-6550 Email: [email protected] Website: http://Touchdownhomesinc.com #touchdownhomes #realestate

As National Homeownership Month kicks off this June, homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as the best investment you can make for the eighth year in a row. However, unlike other investment options, the benefits of owning a home aren’t purely financial. Here are the top ways Americans are winning by owning a home. Non-Financial Benefits: 1. Civic Participation: Owning a home is owning a part of your neighborhood. Homeowners have... a stronger connection to their neighborhoods and are more committed to volunteer work and other ways to get involved. 2. Pride of Ownership: Owning a home is having a space that is uniquely yours. You can customize it to your personal liking and make it reflect your personality and values. 3. A Safe Space: Owning a home gives you a sense of security and privacy two things that have become even more valuable as we’ve tackled the challenges of the recent health crisis. Financial Benefits: 1. Forced Savings: Owning a home builds equity. Your equity grows with each payment you make toward your mortgage. This form of forced savings can be used down the road to help you accomplish your biggest financial goals. 2. Appreciation: Owning a home is making an investment that steadily gains value, and experts project home values will continue to rise in the years to come. 3. Stability: Owning a home means having better control over your future housing payments. Over the years, a mortgage stays relatively steady, but rent costs continue to rise. Bottom Line If you own your home, take time this June to celebrate the ways homeownership has added value to your life. If you hope to become a homeowner this year, contact a local real estate professional today to take the first steps toward achieving your goal.

Purchase market is poised to topple refi’s reign in 2021 While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. After last year’s record $3.83 trillion in mortgage originations, the MBA forecasts volume to fall 14% this year to $3.28 trillion, which would still be the third-highest total on record. The share of refinanc...es in mortgage origination volume dipped below 50% for the first time in 15 months in March, according to Black Knight‘s latest monthly data report, and economists say this is just the beginning. Read full article here: https://www.housingwire.com//purchase-market-is-poised-to/ Touchdown Homes Inc. 350 Moffitt Blvd, 2nd Floor Islip, NY 11751 (631) 650-6550 Email: [email protected] Website: http://Touchdownhomesinc.com #touchdownhomes #realestate

New Home Sales Surge Past Expectations as Builders Race To Meet Demand What happened: Sales rates increased in every part of the country, except the West where they fell 30%. The largest sales gain occurred in the South, with a 40% jump. Unlike the existing-home sales report, the new-home sales report from the Census Bureau captures sales when the contract is signed rather than when the sale is closed. As a result, March’s numbers likely were not influenced much by the poor w...eather in February. Parts of the South saw an extended, record cold snap that stalled much business activity throughout the region. Read full article here: https://www.realtor.com//new-home-sales-surge-past-expect/ Touchdown Homes Inc. 350 Moffitt Blvd, 2nd Floor Islip, NY 11751 (631) 650-6550 Email: [email protected] Website: http://Touchdownhomesinc.com #touchdownhomes #realestate

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Real estate nightmare: Buyer says seller retained property ownership rights years after land sale was processed PUEBLO WEST The hot real estate market has some buyers and sellers trying to save money by skipping out on hiring a realtor. Unfortunately, not having extensive knowledge of the proper documentation required and formatting of a deed ended up costing one Pueblo West homeowner a lot more trouble than he envisioned.... Read full article here: https://www.koaa.com//real-estate-nightmare-buyer-says-sel Touchdown Homes Inc. 350 Moffitt Blvd, 2nd Floor Islip, NY 11751 (631) 650-6550 Email: [email protected] Website: http://Touchdownhomesinc.com #touchdownhomes #realestate