new communities location new homes

The Importance of Location for New Communities & Homes

If you’ve heard it once, you’ve heard it a thousand times, when it comes to buying a house, location, location, and location are the three most important factors to consider. Well, okay it’s only one, but it’s the most important one. Location is where you begin the house hunting project. This is why master planned suburban communities like the ones that we …

New Homes in Houston TX by Long Lake

Mortgage Rates Drop in Response to Overseas Volatility

Mortgage rates recently dropped in response to global uncertainty, helping to keep buyer activity strong toward the close of the homebuying season, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The results of the survey found the 30-year fixed-rate mortgage (FRM) averaging 4.04 percent, and the 15-year FRM averaging 3.20 percent. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged …

New Homes in Houston TX by Long Lake

Fixed and Adjustable Mortgage Rates take a Breather

After a notable run-up, both fixed and adjustable mortgage rates are taking a breather, reports Bankrate.com. Mortgage rates moved down slightly with the benchmark 30-year fixed mortgage rate slipping to 4.13 percent and the average 15-year fixed mortgage sliding to 3.35 percent. Adjustable rate mortgages (ARM) have lowered as well, with the 5-year ARM down to 3.22 percent, and the …

New Homes in Houston TX by Long Lake

The Movement of People in the United States

For the past several years, the mover rate has remained between 11.5 and 12.5 percent, according to new 2014 statistics released from the U.S. Census Bureau. The mover rate between 2013 and 2014 was 11.5 percent or 35.7 million people age 1 year and over. “When the Current Population Survey started collecting migration information in 1948, about one-in-five people moved …