Clearly, when rates are low – like they are today – qualified buyers can benefit significantly over time. Keep in mind, if interest rates go up, this can push many potential homebuyers out of the market. The National Association of Home Builders (NAHB) notes: “Prospective home buyers are also adversely affected when interest rates rise. NAHB’s priced-out estimates show that, […]
How Much “Housing Wealth” Can You Build in a Decade?
What was the percentage of appreciation? Another way to look at this is by the percentage increase in value over time, called appreciation: Was this appreciation consistent throughout the country? Today, when we think of markets that have done well over the last decade, we have a tendency to think about San Francisco, San Diego, […]
Thinking of Selling? Now May Be the Time.
Demand for housing is high, but supply is extremely low. NAR also just reported that the actual number of homes currently for sale stands at 1.42 million, which is one of the lowest totals in almost three decades. Additionally, the ratio of homes for sale to the number purchased currently stands at 3.1 months of inventory. In a normal […]