Hurricane Irma definitely made her mark on SW Florida, and in many different aspects. One of them, being my passion, was real estate. Although, her persistence to make her way down the
The Difference Between Cost And Price When Buying A Home
As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home.
The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae and Freddie Mac all projected that mortgage interest rates will increase by about three-quarters of a percentage point over the next twelve months.
According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.2% over the next 12 months.
What Does This Mean as a Buyer?
Here is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 today if home prices appreciate by the 5.2% predicted by CoreLogic over the next twelve months:
As a southwest Florida native, I grew up with a passion for the water and boating. I turned that passion into a career with my family business. Working with customers every day, helping them with thei....
Latest Blog Posts
Grandview at Bay Beach by London Bay Homes designed with luxury lifestyle amenitiesLondon Bay Homes’ Grandview at Bay Beach offers unparalleled views of the Gulf of Mexico and Estero Bay.Residents
Annual Lehigh Spring Festival to kick off on FridayMarch 8, 2017By JUSTIN MARTIN (firstname.lastname@example.org),Lehigh Acres CitizenThe annual Lehigh Spring Festival returns March 10 for a week of