Monday, July 26

Homebuying

Economy, home price inflation, Home Prices, Homebuyers, Homebuying, Housing, Housing Affordability, housing market, Markets, Real Estate, US housing boom, US Housing Crisis, us housing market

Wait until 2022 to buy a house, economists say

Prospective homebuyers will face low supply and high prices for at least another year. The US doesn't have enough homes to meet demand, and builders are struggling to keep up. Economists see price growth cooling in 2022, but only if construction picks up and demand holds steady. LoadingSomething is loading. ...
DFP, Homebuying, Mortgages, Personal Finance, Personal Finance Insider, pfi, PFI GOBankingRates, PFI Reference, PFI Related Content Module, PFI-XAMP, Seller's market

3 things to do if you regret buying a house in today’s hectic market, according to a financial therapist

The US real estate market is a seller's market right now, which means there are more people trying to buy homes than there are houses for sale. This means buyers have fewer options, have to make decisions quickly, and often pay more than they would have expected to a year ago.A recent Bankrate survey found that 64% of millennials who have bought homes during the current hot market say they regret their decision. Reasons ranged from expensive mortgage payments, to their houses being too big or too small, to high maintenance costs. Financial therapist Amanda Clayman told Insider that buyers shouldn't let regret pressure them into making an impulsive decision, such as turning arou...
Homebuying, MoneyWise, Mortgages, MWCA

With mortgage rates at all-time lows, refinancing now could save you thousands

This article was created by Wise Publishing. Wise is devoted to providing informationthat helps readers navigate the complex landscape of personal finance. Wise only partners with brands it trustsand believes may be helpful to the reader. Both Wise and Postmedia collect a commission on sales through the links on this page.If you're a homeowner, there's never been a better time to refinance your mortgage.Prior to June of this year, rates on five-year fixed mortgages had never dropped below 2%. Right now they're hovering around 1.64%.These record-low rates offer a rare opportunity to shave hundreds of dollars off your monthly mortgage payments, and tens of thousands off the total cost of your loan.Even if you've only had your current mortgage for a year or two, refinancing could save you ...