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Mortgage Rates Are on the Rise, but Now Might Be a Good Time to Buy—Here’s Why

Pro Builder

Not only are borrowing costs rising, but active inventory is steadily declining. year-over-year, The Washington Post reports. New weekly listings have fallen significantly since July and are currently down 17.5%

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How Could Biden's Proposed First-Time Buyer Credit Affect the Market?

Pro Builder

Inventory remains at a historic low and the overall market continues to feel the effects as home prices increase more than 15%. Adding even more buyers into the mix could hurt first-time buyers by further pushing up home prices and increasing demand, says The Washington Post. Housing Policy + Finance. Read More. .

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How Employer-Assisted Housing Programs Are Paving a Path to Homeownership

Pro Builder

The rate of homeownership fell to just 38% for first-time buyers in 2021 as a result of record high housing costs, record low inventory, and stagnant wage growth across the U.S. The program is initially available in Washington, Virginia, and Tennessee, where the online retailer has major hubs. Housing Policy + Finance.

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Why the ‘Lock-in’ Effect Is Prompting Homeowners to Stay Put

Pro Builder

Even as the housing market slows, a lack of new inventory is sustaining elevated home prices and leaving would-be buyers with few affordable options. For example, Redfin found that in Atlanta, Chicago, Los Angeles and Washington, D.C., Financing. homeowners with a mortgage rate below 3.5% New-Home Sales. Market Data + Trends.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Inventory - Is excess materials or supplies your Construction Company keeps on hand to meet your customer’s needs. Excess inventory can severely cripple your cash flow by using money that put to better use elsewhere. Keep your inventory as low as possible. Cash flow gaps can be managed with external financing sources.

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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

Excessive Accounts Were setup to track individual inventory items like lumber, nails, paint, pipe, roofing material, dirt, bark etcetera. About The Author: Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington.

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Home Builders Who Need To Keep Track Of Specialty Contractor Costs

Contractor Bookkeeping

I Have Seen Too Many - Spec builders lose money on a house under construction because the bank pulled the financing and demanded immediate payment on the outstanding loan balance due to shaky financial reports. About The Author: Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington.