Home Prices: Past, Present & Future

Home Prices: Past, Present & Future

CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months. Here are state maps for each category: The Past – home appreciation over the last 12 months The Present – home appreciation over the last month The Future – home appreciation projected over the … [Read more...]

Prices & Mortgage Rates Going Up in 2016

Prices & Mortgage Rates Going Up in 2016

The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to increase in 2016. HOME PRICES CoreLogic has projected a nationwide 5.2% home value appreciation for the next twelve months. Here is their breakdown by state: MORTGAGE INTEREST RATES All four of the entities that provide … [Read more...]

The Impact of Higher Interest Rates

The Impact of Higher Interest Rates

Last week, an article in the Washington Post discussed a new ‘threat’ homebuyers will soon be facing: higher mortgage rates. The article revealed: “The Mortgage Bankers Association expects that rates on 30-year loans could reach 4.8 percent by the end of next year, topping 5 percent in 2017. Rates haven’t been that high since the recession.” How can this impact the housing market? The article reported that recent analysis from … [Read more...]

Rent vs. Buy: Either Way You’re Paying A Mortgage

Rent vs. Buy: Either Way You’re Paying A Mortgage

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard University explains: “Households must consume housing whether they own or rent. Not even accounting for more … [Read more...]

ARE YOU LIKE OTHER HOME BUYERS?

ARE YOU LIKE OTHER HOME BUYERS?

If you're like most homebuyers, you're not taking any chances. You want to own a home, but you've struggled to save for a down-payment. You waited until you were 31 years of age to buy a home, and plan to stay there at least 10 years. You believe that buying a home is a sound investment. Like other buyers, your dream of owning a home was delayed by student debt of $25,000 or more. You worked to bring your debt down until you were earning over … [Read more...]

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

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