Earlier in the week, we explained that experts have projected that U.S. home prices will appreciate by approximately 5% in 2013. We also revealed the Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that prices and […]Continue Reading... No Comments.
Every potential home buyer has to stop for at least a moment and consider this question. Today, we want to look at one of the many financial reasons to buy instead of rent: the housing expense moving forward. According to the latest Existing Home Sales Report from the National Association of Realtors, the median sales price of a home […]Continue Reading... No Comments.
This week, we looked at the three financial reasons to buy a home now instead of waiting: prices are rising at an accelerated rate, interest rates are increasingand rents are skyrocketing. Part III – Rents Are Skyrocketing Whether you own or rent, you will have a monthly housing expense. The question is how that expense will change in […]Continue Reading... No Comments.
This week, we are going to look at the three financial reasons to buy a home now instead of waiting: prices are rising at an accelerated rate, interest rates are increasing and rents are skyrocketing. Part II – Interest Rates Are Increasing A big component in the cost of a home is the mortgage interest rate […]Continue Reading... No Comments.
We often talk about the COST of buying a house vs. the PRICE of the home. The price obviously is a major component of the cost. The other major component is the interest rate on your mortgage. A small via Where Are Mortgage Rates Headed?.Continue Reading... No Comments.
As Dean Hartman said last week, the purchase of a home is a personal decision. However, we want to give everyone four great financial reasons why you should not wait before taking the plunge into homeownership. Interest Rates Are Increasing Interest rates have increased almost 3/4 of a point in the last six months. Most […]Continue Reading... No Comments.
There is a very famous saying which asserts “Sell High, Buy Low”. It is obviously great advice no matter what the investment. Below is a graph showing the cycle of investments. It shows the points of maximum risk and maximum opportunity when purchasing. We want to sell high (point of maximum risk) and buy low […]Continue Reading... No Comments.
ShareWe have been making two major points for several months. If you are selling a house, you must do it now AND if you are buying one, you must also do it now. This sounds crazy – but it is via Most Americans Say It Is a Good Time to Buy a Home.Continue Reading... No Comments.