The Takeaway: In looking at Freddie Mac’s prediction that we will see the mortgage interest rate increase to about 4.8% by this time next year, coupled with CoreLogic’s prediction of a 4.8% rate of appreciation in home prices,, one can clearly see that now is the time to make a ...
Continue ReadingGreat, so you are ready to buy a home!! With so much misinformation circulating on the web, online forums and in general conversation with others, let’s have a quick look at what you can do to make sure that your dream home purchase do not get derailed by some all ...
Continue ReadingThe Takeaway: There may have been times in our history where renting was a cheaper option that buying, but that time is certainly NOT now. The above graphic clearly demonstrates that the percentage of income needed to rent a median-priced home today is at a national average of 30%(of ...
Continue ReadingA recent report called ‘Social Benefits of Homeownership and Stable Housing’ was co-authored and released by Chief Economist, Lawrence Yun of National Association of Realtors. The report gives credence to a long-standing belief of most Americans: “Owning a home embodies the promise of individual autonomy and is the aspiration of ...
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