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2017 Is the Year of the Buyer

 
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Manage episode 173234569 series 1213281
Контент предоставлен Jodie Osofsky. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Jodie Osofsky или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
2017 is going to be the year of the buyer. Here’s why.

Looking to buy in the Salt Lake City Area? Get a full Home Search
Looking to sell in the Salt Lake City Area? Get a free Home Equity Report

The theme for 2016 was “The year of the refinance” with interest rates being so low. Now, people are saying that 2017 is going to be the year of the buyer. Things are certainly shaping up that way, here’s how.

For starters, we all know millennials are getting into the market and purchasing homes at a much higher rate than they have in the past. There are a few interesting statistics to note, including the fact that the national average rent rose from $950 a month to $1,040 a month in 2016 alone. That’s nearly 10%!
Buying a home protects you from continually rising interest rates.
The odds are that when investors are buying properties, now with higher rates, they are passing those costs along to the renters. Renters may think it’s smart to wait to buy until rates go down, but the truth is you’ll still be paying those higher rates in the form of higher rent.
If you rented last year, how much equity did you earn? The answer is none. Purchasing a home is an investment that’s nearly always appreciating in value. A 30-year fixed rate stays the exact same over the life of the loan, save for some taxes and insurance.
If you have any questions for us or you’re thinking about buying a home in 2017, don’t hesitate to give us a call or send us an email. We would love to hear from you.
  continue reading

25 эпизодов

Artwork
iconПоделиться
 
Manage episode 173234569 series 1213281
Контент предоставлен Jodie Osofsky. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Jodie Osofsky или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
2017 is going to be the year of the buyer. Here’s why.

Looking to buy in the Salt Lake City Area? Get a full Home Search
Looking to sell in the Salt Lake City Area? Get a free Home Equity Report

The theme for 2016 was “The year of the refinance” with interest rates being so low. Now, people are saying that 2017 is going to be the year of the buyer. Things are certainly shaping up that way, here’s how.

For starters, we all know millennials are getting into the market and purchasing homes at a much higher rate than they have in the past. There are a few interesting statistics to note, including the fact that the national average rent rose from $950 a month to $1,040 a month in 2016 alone. That’s nearly 10%!
Buying a home protects you from continually rising interest rates.
The odds are that when investors are buying properties, now with higher rates, they are passing those costs along to the renters. Renters may think it’s smart to wait to buy until rates go down, but the truth is you’ll still be paying those higher rates in the form of higher rent.
If you rented last year, how much equity did you earn? The answer is none. Purchasing a home is an investment that’s nearly always appreciating in value. A 30-year fixed rate stays the exact same over the life of the loan, save for some taxes and insurance.
If you have any questions for us or you’re thinking about buying a home in 2017, don’t hesitate to give us a call or send us an email. We would love to hear from you.
  continue reading

25 эпизодов

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