Mortgage Rates and Home prices are going UP UP UP. You probably noticed that home prices have been on the rise and interest rate are following since January of 2022, But you may not know why. Hi I'm Racheli Refael a mortgage advisor here in Sunny South Florida. Let me go over 5 reasons why this is happening and what you can do to prepare. The unfortunate thing is that all those forces are happening all at the same time like The perfect Storm. Artificially … [Read more...]
The Biggest Mistake Millennials Are Making Is Not Buying A Home | David Bach | CNBC .
David Bach A Personal Financial Expert Says: The Biggest Mistake Millennials Are Making Is Not Buying A Home | on CNBC. Many ask and tell me daily: Why should I buy a Home, What’s the benefit? I don't even know if I qualify Buy A Home, How to Buy a Home? and many more questions. Millenials coming out of school with student loans, sometimes feel that Buying A Home may be a far distant dream. What you have going for you is hopefully not many obligations... you didn't acquire much Credit … [Read more...]
5 Reasons Why Millennials Choose to Buy a Home [INFOGRAPHIC]
5 Reasons Millennials Choose to Buy a Home [INFOGRAPHIC] Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice … [Read more...]
NAHB: Home Builder Confidence Drops in January
Homebuilder confidence in housing market conditions dipped two points in January; ongoing challenges including labor shortages and materials costs were cited by the National Association of Home Builders, which provides monthly readings on home builder sentiment. Three component readings of the Housing Market Index declined by one point each. Readings for current sales conditions, housing market conditions for the next six months and for buyer traffic within new single-family housing developments … [Read more...]
Case-Shiller: Home Prices Rise in October
According to Case-Shiller national and 20-city home price indices for October, home prices continued to rise. National home prices rose 0.70 percent for the three months ending in October. Year-over-year, national home prices increased by 6.20 percent. The 20-City Home Price Index also rose by 0.70 percent in October and reported a year-over-year increase of 6.40 percent. The top three metro areas in the 20-City Index were Seattle, Washington with a year-over-year increase of 6.40 percent; … [Read more...]
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