Posts with tag 'interest rates'
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How Smart Is It to Buy a Home Today?
Whether you're buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move.
However, there's one category that provides a simple answer. When deciding to buy now or wait until next year, the financial aspect of the purchase is easy to evaluate. You just need to ask yourself two questions:
- Do I think home values will be higher a year from now?
- Do I think mortgage rates will be higher a year from now?
From a purely financial standpoint, if the answer is 'yes' to either question, you should stron...
2
Looking to the Future: What the Experts Are Saying
As our lives, our businesses, and the world we live in change day by day, we're all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we've seen play out in the U.S. economy many times over.
Here's a look at what leading experts and current research indicate about the economic impact we'll likely see as a result of the coronavirus. It starts with a forecast of U.S. Gross Domestic Product (GDP).
According to Investopedia:
"Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods...
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24
The Biggest Issue Facing Housing in 2020
This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation. But the biggest issue the housing market will face in 2020 is an inventory shortage. There aren't enough homes on the market for buyers, especially on the lower end of the market. This is a topic that has come up frequently within the past several months.
Based on what is forecasted, we know that interest rates are projected to remain low and that appreciation is expected to continue as we move into 2020. Additionally, the upcoming election will provoke many unique perspectives on the health of the US housing market. The challenge will be...
10
Bold Predictions for 2020 Housing Market in Virginia
All signs indicate another successful 2020. Increases in total jobs, existing home sales, median home price increase, new housing starts and a slight increase in the 30-year mortgage rates are heading our way.
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