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Some Highlights:Interest rates have come a long way in the last 30 years.The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.Interest rates are at their lowest in years… RIGHT NOW!If buying your first home, or moving [...]
Some Highlights:Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak [...]
Some Highlights:Interest Rates are still below historic numbers.88% of property managers raised their rent in the last 12 months!Credit score requirements to be approved for a mortgage continue to fall.Powered by WPeMatico
Some Highlights:The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.Freddie Mac predicts interest rates to rise to 4.6% by next year.CoreLogic predicts home prices to appreciate by 5.3% over the next 12 [...]
Some Highlights:95% of first-time homebuyers are willing to sacrifice to make homeownership a reality.The top thing that buyers sacrifice are new clothes at 54%.Even repeat or experienced buyers say they sacrificed taking a vacation or buying a new car to buy their last home.Powered by WPeMatico
Some Highlights:Sales of existing homes reached the highest annual pace in over 9 years at 5.29 million.Inventory remains below the 6-month norm and prices are still on the rise.Interest rates are at a historic low of 3.48%.Powered by WPeMatico
Some Highlights: According to NAR's Profile of Home Buyers & Sellers:88% of buyers look for their new home online.Using a real estate agent can net you $39,000 more than FSBO'ing.There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional can help ease the [...]
Some Highlights:According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.April marked the 54th consecutive month of year-over-year declines in foreclosure inventory.Only 3% of homes in the United States are in serious delinquency. More and more homeowners are escaping negative [...]
Some Highlights:Across the country, home prices are up by 5.67%.Each state is appreciating at a different rate, however, which is important to realize if you plan on relocating to a different state.Regionally, prices have appreciated year-over-year by as high as 8.15%.Powered by WPeMatico
Some Highlights:Paying rent is not a good investment, but owning is a great way to start building family wealth.Not only does homeownership allow you to provide your children with great education, but you can also decide whether or not your child grows up with a pet.Owning a home provides you with tax benefits while also providing [...]