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Market Updates – April 2024

Here's the latest Market Updates. Click on the "Download PDF" to view or click through the slides above to view.1.) MBS Highway Housing Index (April 2024):The MBS Highway National Housing Index rose 3 points in April 2024, resuming its upward trajectory after a brief pause in March. While buyer activity improved month-over-month in most regions, it remains lower compared to the same time last year. Home prices, meanwhile, continue to move higher, boosted by seasonal demand and buttressed by low inventory.2.) BLS Jobs Report (April 2024):April's job growth missed estimates, as there were 175k new jobs created versus the 243k that were expected. Revisions to the date for February and March also shaved 22k jobs from those months combined while the unemployment rate rose to 3.9%. Overall, the data suggests softening in the labor sector, which could pressure the Fed to cut rates if this trend continues.3.) ADP Employment Report (April 2024):April saw hotter-than-expected private sector job growth, led by a boost in leisure and hospitality jobs, as employers added 192k new jobs versus the 175k that were expected. March's figures were also revised higher (from 184k to 208k new jobs), with ADP noting that April's "hiring was broad-based" with only the information sector showing weakness.4.) Home Builder Sentiment (April 2024):Home builder confidence held steady in April, and while this ended four months of gains, sentiment remains in positive territory above the key breakeven threshold of 50. Among the index components, buyer traffic and current sales expectations ticked higher. Yet, sales expectations for the next six months softened as many buyers remain on the fence.5.) Change in Home Value after 10 years:Talk about a winning record! Buying a home and holding it for 10 years has earned a profit every year except one since 1942. Just look at those returns, too! Housing builds significant, long-term wealth.The Levinson Teamhttp://www.LendingByLevinson.com402-618-0154

NIFA – First-Time Homebuyer Loan

First Home Program Eligibility First Home HomeBuyer:Individuals who haven’t owned and occupied a primary residence within the past three years, are considered a first-time homebuyer. Even if a home was owned years ago, but has been occupied by renters for three or more years, to us that's still considered a first-time homebuyer.Potential buyers do not need to be a first-time homebuyer if:They are a qualified veteran who has been discharged from the service under conditions other than dishonorable ORThey're purchasing a home located in a target area. Use our Geocoding/Mapping System to help identify whether or not a specific home is in a target area.Note: There are some situations when NIFA may grant an exception to the first-time homebuyer requirement. If one of these situations apply, a Participating Lender will submit documentation to our office for review during the loan application process:If home is lost by divorce and individual received no sale proceedsIf home is lost by a natural disasterIf home is lost by a forced job relocationNIFA is committed to helping homebuyers get into their new home with a great, low interest loan, and minimal hassle.Household Income Limits:All NIFA loan programs have maximum household income limits based on the home’s location and household size. NIFA’s program eligibility includes the income of any adult member who will reside in the home and will be a borrower, co-borrower or non-borrowing spouse. Note: Income from other adult occupants is only included when the occupant will have an ownership interest in the home.This includes, but is not limited to, base pay, overtime, commissions, bonuses, tips, self-employed income, social security, disability, unemployment, child support, alimony, part-time income and interest income from assets over $5,000.NIFA will use your current monthly household gross income and will project it over 12 months. This calculation method is only used by NIFA to determine program eligibility. In most cases, your Participating Lender will use a more conservative underwriting approach for income to qualify you for the loan.  First-Time Homebuyer Education:NIFA requires First-Time Homebuyers to complete an approved homebuyer education class before closing because we understand how overwhelming it can be to purchase your first home. From one of these classes, a first time homebuyer will gain valuable knowledge on the loan process, terminology, budgeting, tips for selecting a real estate agent, home inspections, home maintenance and much more.Browse NIFA-approved classes   

Market Updates – February 2024

Here's the latest Market Updates. Click on the "Download PDF" to view or click through the slides above to view.1.) Personal Consumption Expenditures (January 2024)The Fed’s favored inflation measure, Core PCE, continues to move closer to its 2% target as the annual reading fell to 2.8% for the 12 months ending in January. This was well below 2022’s 5.6% peak and the lowest level since March 2021. But the question remains - when will the Fed think inflation is low enough for them to start cutting rates this year?2.) MBS Highway Housing Index (February 2024):February 2024 witnessed a massive increase in the MBS Highway National Housing Index, which rose 13 points to 55 (from 42 in January 2024). This was driven primarily by a 16-point jump in the Buyer Activity sub-index (from 33 to 49). While part of this increase is normal seasonality, there is little doubt that buyers have been reenergized by lower mortgage rates, slightly higher inventory, and the prospect of Fed rate cuts ahead.3.) BLS Jobs Report (February 2024):February job growth came in above forecasts, with 275K jobs created per the BLS. However, revisions to the data for December and January shaved a whooping 167K jobs from those months combined. The unemployment rate also rose from 3.7% to 3.9%, the first increase since October.4.) ADP Employment Report (February 2024):February saw slower-than-expected job growth in the private sector, as employers added just 140K new jobs versus the 150K that were forecasted. However, January’s total was revised higher, and ADP noted that “employment growth remained steady” and “pay gains for job-changers accelerated for the first time in more than a year.5.) Home Builder Sentiment (February 2024):Home builder confidence rose for the third straight month, reaching the highest level since last August. The NAHB noted that this boost to builder sentiment is due to a lack of existing home inventory, expectations that mortgage rates will continue to moderate, and the prospect of future rate cuts by the Fed. Plus, in a good sign for much-needed supply, the NAHB expects single-family starts to rise around 5% this year.6.) New Home Sales (January 2024):Signed contracts on new homes rose for the second straight month in January, up 1.5% from December and 1.8% from a year earlier. The lack of existing homes for sale continues to boost the new construction market and, in a good sign for much-needed supply, the NAHB recently noted that they’re expecting construction for single-family homes to rise this year.7.) Change in Home Value after 10 years:Talk about a winning record! Buying a home and holding it for 10 years has earned a profit every year except one since 1942. Just look at those returns, too! Housing builds significant, long-term wealth.The Levinson Teamhttp://www.LendingByLevinson.com402-618-0154

listings View All →

11508 Slayton St

The Halstead boasts a secluded back office on the main level, perfect for privacy and productivity. A welcoming covered front porch adds to its charm. Inside, you'll find granite or quartz countertops throughout, complemented by durable LVP flooring on the main level. The kitchen features a huge pantry and custom cabinets throughout, offering both style and functionality. The craftsman trim package adds an extra touch of elegance. A practical drop zone keeps your space organized. The owner’s suite is a haven of comfort, complete with a walk-in closet, dual sinks, and a walk-in shower. Enjoy the flexibility of multiple main floor plan options to suit your lifestyle. Additionally, the convenience of a second-floor laundry and an optional third bathroom upstairs further enhance this home's appeal.

4557 Barksdale Dr

Experience the spaciousness of the Dylan XL, an open-concept Ranch plan offering three bedrooms on the main level. This home is designed with LVP flooring, elegant granite or quartz countertops, and custom cabinets throughout, ensuring a stylish yet functional living space. The linear fireplace adds a contemporary touch, while the large walk-in pantry and drop zone provide practical solutions for everyday living. The master suite is a true retreat, featuring a double vanity and a sizable walk-in closet, with the option to connect directly to the laundry room for added convenience. The Dylan XL plan is crafted with attention to detail, offering a blend of luxury and practicality.

17658 Potter St

The new Austin plan by Sherwood Homes and Lane Building Corp sits on a great south-facing corner lot with a treeline and backyard privacy in Anchor View. It is all in the details with this open-concept ranch with split bedrooms that flank the spacious entertaining areas that sit as the home's centerpiece. An abundance of natural light flows through this home showcasing all of the custom design features of the Austin floor plan. And with a name like Austin, you have to be able to "rock" a casual sophistication! The house is pretty cool but we think you will love the neighborhood just as much with direct access to walking trails around Lake Flanagan! Pictures of a similar model with most of the same selections made.

Reviews

"Cody is a homie"

adam g

"Cody and his team are great! I’ve worked with them before and trust them to get it done right at a competitive rate."

eric s

"Straightforward, fast responses, good communication all around. Easy online docs to sign."

hillary r