April 23, 2014 10:00 am
If you read certain headlines, you might be led to believe that the housing recovery has come to a screeching halt. Naysayers are claiming that rising mortgage rates and a lack of consumer confidence are keeping Americans on the fence when it comes to purchasing real estate. That is actually far from reality.
After all 12,575 houses sold yesterday, 12,575 will sell today and 12,575 will sell tomorrow. 12,575!
That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’
(NAR) latest Existing Home Sales Report
. According to the report, annualized sales now stand at 4.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 12,500 homes sell every day.
April 22, 2014 9:48 am
We, at KCM, have often broken down the opportunity that exists now for Millennials who are willing and able to purchase a home NOW... Here are a couple other ways to look at the cost of waiting.
Let’s say your 30 and your dream house costs $250,000
today, at 4.41%
your monthly Mortgage Payment with Interest would be $1,253.38
But you’re busy, you like your apartment, moving is such a hassle...You decide to wait till the end of next year to buy and all of a sudden, you’re 31, that same house is $270,000
, at 5.7%
. Your new payment per month is $1,567.08
The difference in payment is $313.70 PER MONTH!
That’s like taking a $10 bill and tossing it out the window EVERY DAY!
Or you could look at it this way:
April 21, 2014 9:36 am
There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with our parents rent free, you are paying a mortgage - either your mortgage or your landlord’s
As a recent paper
from the Joint Center for Housing Studies at Harvard Univ
“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”
April 18, 2014 9:55 am
Amazing opportunity to own an elegant and spacious home in Sprayberry High School. This home will impress you! Beautiful hardwood floors throughout the entire home, trey ceilings in the formal sitting and dining areas, an open and spacious kitchen with granite counter-tops and stainless-steel appliances and a huge and leveled yard are some of the features that make this house a great place for families looking for more space. Call us today at 770-298-2226 to schedule a showing.