
Why It's More Affordable To Buy a Home This Year
- By Jim Lowenstern
- Posted



Has the idea of sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind? If so, you’re not alone.

As mortgage rates come down, more sellers may re-enter the market – that gives you an opportunity to find the home you’re looking for.

Even though home prices are going up nationally, some people are still worried they might come down.

If you’re considering selling your house, let’s connect so you have help navigating the process while prioritizing these must-do’s.

If you’re worried about a Silver Tsunami shaking up the housing market, don’t be. Any impact from baby boomers moving will be gradual over many years.

Jim Bishop is known for singlehandedly building his palace in the U.S., and it has become the biggest self-created architecture project in the world.




Source: Reuters ..
U.S. existing home sales fell in December to the lowest level in nearly 13-1/2 years, but a recovery could be in the cards this year as mortgage rates decline and housing inventory shows signs of improving.

If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this.

You want your home purchase to go as smoothly as possible. Remember, before you make any large purchases, move your money around, or make major life changes, be sure to consult your lender – someone who’s qualified to explain how your financial decisions may impact your home loan.

If you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%,