Found 2 blog entries tagged as mortgages.


Total home sales are expected to come in lower than previously expected and will not pick up meaningful into mid 2025. This is according to a new forecast from the Fannie Mae Economic and Strategic Research Group. This new forecast downgrades total home sales to 4.78 million in 2024 and 5.19 million in 2025, with no expected upswing until income growth starts to outpace home price growth and mortgage rates sink closer to the 6% level. The forecast doesn't expect the rates to go below 6% until the end of 2025.

Furthermore, the new forecast warned that near-term slowdown in housing starts is coming because the number of new homes for sale that are already under construction is up, which is likely to delay new projects until the current inventory can be…

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Ever wonder when the right time to buy home is: The answer is almost certainly - right now! Of course, you have to make sure you can afford it and can qualify. But I have mortgage lenders to help with that process. But before you do that, don't take my word for it. Here is some pass statistics to help you understand where we are and why now is a great time to buy.

-The last decline in homes or the bottom of the market, was March, 2012. At the time, there were 2.4MM home Nationwide in for sale.
-After the bottom, there was 8% appreciation in the value of the homes.

Current Situation:

-You want to buy right before the bottom - because timing of the bottom is near impossible. And if you buy on the way up, you have lost some gains.
-There are on 980K…

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