Slaying the Hardest Homebuying Myths Today
Some Highlights:
- The average down payment for first-time homebuyers is only 6%!
- Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate!
- 88% of property managers raised their rents in the last 12 months!
- The average credit score on approved loans continues to fall across many loan types!
Bottom Line
Slaying myths about about buying a home. Arming yourself with information about what’s really going on in the housing market will ensure you become the ‘King or Queen of Your Castle.’
To view original article, visit Keeping Current Matters.
The Latest 2024 Housing Market Forecast
The housing market is expected to be more active in 2024 and that may be in part because there will always be people whose lives change and need to move.
Thinking About Using Your 401(k) To Buy a Home?
Before you decide to dip into your retirement to buy a home, be sure to consider all possible alternatives and talk with a financial expert.
Homeowner Net Worth Has Skyrocketed
Buying a home can be a great way to grow your net worth, since home values have a tendency to rise over time, meaning you have more equity.
Reasons To Sell Your House Before the New Year
Selling now, while other homeowners may hold off until after the holidays, can help you get a leg up on your competition.
Don’t Believe Everything You Read About Home Prices
If you believe home prices are falling, it may be time to get your insights from the experts, and they’re saying prices are climbing.
Foreclosures and Bankruptcies Won’t Crash the Housing Market
Foreclosure filings are inching back up to pre-pandemic numbers, BUT they’re still way lower than when the housing market crashed in 2008.