Been a long two weeks, the markets have been volatile, but stable if that makes any sense. We have seen huge swings but at the end of the day they have averaged out in a pretty consistent pattern. CPI number hit the wire along with the news spokesholes spamming the outlets about mortgage rates hitting lowest levels in 60 years. Major banks, BofA specifically is still bleeding out uncontrollably we could see a flat line scenario soon. Mortgage Bonds are off today…my advice is to lock in while rates are at these levels.
- Home Prices Up 6.54% Across the Country! [INFOGRAPHIC]Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
- Should Boomers Buy or Rent after Selling?In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home. “Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased 3 percent… Meanwhile, more than 5 million […]
- What is the Cost of Waiting Until Next Year to Buy?We recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values […]
- Home Prices Up 6.54% Across the Country! [INFOGRAPHIC]