The State of Real Estate
Who knew the pandemic would set off a housing boom, the likes of which haven't been seen since 2005? According to an article in Forbes (Richardson 2021), "U.S. housing gained about $2.5 trillion in value in 2020 — the most in a single year since 2005, according to a new Zillow analysis. The full stock of U.S. housing is now worth $36.2 trillion."
Interest Rates Remain Low. Should you Refinance? 3 Things to Consider...
If you purchased your house when interest rates were higher than current record lows, you might be wondering: should I refinance? You’d think the answer would be simple: a lower interest rate is better, right?
However, the right choice really depends on your situation.
And with the way fees and mortgage interest work, a refinance can sometimes be a bad deal.
Should I Buy a House Now?
The housing market is a bit nuts, no?
Or, maybe you're reading this in the future when the housing market isn't nuts, in which case: Hi, future you!
Either way, this article will hopefully help you think through (a) whether to purchase a home and (b) how much home to purchase.
It's a Seller's Market
One of the more remarkable things we’ve seen over the last 7 months of the COVID pandemic is the uninterrupted strength of the housing market. After a brief dip in March and April, home sales have been on fire. The question for prospective buyers/sellers of homes is whether now is a good time to buy/sell. What we do know: it’s a home seller’s market!
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