The stats are in: Homeowners now have a record amount of accessible home equity — $11T! Five West Coast metros account for a quarter of that equity, at $2.7T. Why are home equity levels so high now? 🔒 Homeowners are locked into low-rate mortgages and don't want to sell 🏘 This lowers the housing supply 💲 Which drives up prices Existing homeowners reap that benefit with increased equity they can use to pay off debt, complete a home renovation, or invest elsewhere. Take advantage of your rising home equity! Visit splitero.com for a smarter way to access your home equity with no additional monthly payments and no new debt. #homeequity #increasedequity #homeownership #smarthomeowners
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The term “lock-in effect” refers to a situation in which someone feels trapped or constrained by their current choices or circumstances, making it difficult to make changes or switch to alternative options. In the case of homeownership, homeowners feel stuck in their existing properties due to unfavorable economic conditions. Today, the main driving forces behind this effect are the combination of homeowners with historically low-rate mortgages, the recent surge in interest rates, and the lack of available housing inventory to buy if they sell. Learn more about this in my video below 👇
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Advantages of Buying Over Renting 1. Building Equity: Each mortgage payment brings you closer to owning your home outright, unlike rent which goes to your landlord. 🏡💰 2. Stability: Enjoy the stability of fixed mortgage payments, without the worry of annual rent increases. 📈🚫 3. Personalization: Make your space truly yours. Paint walls, renovate, and decorate without needing landlord approval. 🎨🔧 4. Tax Benefits: Homeowners can take advantage of tax deductions on mortgage interest and property taxes. 💵📉 5. Long-Term Investment: Real estate often appreciates over time, making homeownership a valuable long-term investment. 📈🏠 6. Sense of Community: Homeownership often leads to deeper community ties and a stronger sense of belonging. 🤝🏡 Ready to make the leap from renting to owning? Let's explore your options together! #BuildEquity #HomeOwnership#FinancialStability #BuyAHome#HomeImprovement #MyHomeMyRules#TaxBenefits #SmartInvestment #Investment #RealEstate#Community #Neighborhood
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I solve complex problems. With a strong sales background, I am transitioning to IT to apply my analytical, strategic, and communication skills in a dynamic IT environment.
Here’s why you should own your own home instead of renting… #askty_realestate 1. Equity Building: Homeownership allows you to build equity over time, as mortgage payments contribute to ownership rather than being an expense. 2. Stability and Predictable Payments: Fixed-rate mortgages offer stability, with consistent monthly payments, providing financial predictability compared to potential rent fluctuations. 3. Personalization and Control: Homeowners have the freedom to customize and renovate their space, tailoring it to their preferences, which renting typically does not allow. 4. Potential for Appreciation: Real estate has the potential to appreciate over time, allowing homeowners to benefit from property value increases and potentially make a profit upon selling. 5. Tax Benefits: Homeownership often comes with tax advantages, such as deductions for mortgage interest and property taxes, providing additional financial incentives.
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Did you know? 56% of renters and 24% of homeowners are shelling out more than 30% of their monthly income on housing! That`s a hefty chunk, leaving less wiggle room for bills, emergencies, and leisure. But fear not! Saving on rent is a top motivation for those choosing to buy a home. Why pay off someone else`s mortgage when you can start investing in your own space?
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Did you know? 56% of renters and 24% of homeowners are shelling out more than 30% of their monthly income on housing! That`s a hefty chunk, leaving less wiggle room for bills, emergencies, and leisure. But fear not! Saving on rent is a top motivation for those choosing to buy a home. Why pay off someone else`s mortgage when you can start investing in your own space?
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🏠💸 Rates vs Purchase Price: Navigating Home Affordability! Are you waiting for lower rates before buying a home? Think again! 🤔📉 ➡️ Current Rates: 7% APR - Median Home Price: $850,000 - Monthly Payment Per $100k: $665.30 ➡️ With a 10% Price Increase & Rates at 6% APR - Future Home Price: $935,000 - Future Payment Per $100k: $599.55 💡 Cost of Waiting: Buying now locks in your price and could mean gaining 10% equity, even with higher rates. Waiting might save on monthly payments but cost you in home price and equity! 📈🏡 Remember, lower interest rates can mean higher prices due to competition. With inventory low and markets like San Luis Obispo staying resilient, real estate values are likely to climb. 🚀🌟 Assist Home Loans, NMLS 1678642 #HomeBuying #RealEstateInvesting #InterestRates #HomeLoans #FinancialTips #InvestInYourFuture
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My mission is to inspire a positive, lasting impact. I am committed to deliver only excellence, with the goal to exceed my clients expectations and let them know that they deserve the best client care possible.
Why I think this is good for the market: 30 mortgages will: Lower monthly payments to increase 'affordability'. Help 1st time home buyers Help buyers who are ‘screaming’ for cash so they can qualify Increases buyers chance to get something ‘nicer’. For Investors: This may lower their monthly expenses, which COULD mean more cash flow Interest can be written off anyway, so we're good there. $1.5 million cap: This opens up more purchasing possibilities for buyers. Also, you could hold back some of your down payment for renovations, upgrades etc. These new rules open up a whoooooole new ball game. Please contact me so we can come up with a plan based on your goals. I work with buyers (including 1st time buyers), sellers and investors. 💻 https://lnkd.in/gf2XTmwz 📞 (416) 419-3523 📬 matilda@matildahomes.ca #oakvillemoms #oakvillelife #mississauga #mississaugaontario #realestateagent #mississaugarealtor #mississaugamoms #realestate #matildanestoroska
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It was great to be invited by Michael McGill from CBRE to discuss all things Perenna and long-term fixed rate mortgages (LTFRMs)... we discussed: - Why the UK is an outlier compared with other markets around the world; - How LTFRMs can make homeownership more accessible; and - Little tweaks that could unlock a homeownership revolution like exempting LTFRMs from the loan-to-income cap Looking forward to the next invite! #housing #homeownership
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Right Now Is A Perfect Time To Buy A Home! Every so often the planets align right and allow us the chance to see something great. Right now that is the housing market. Now I fully admit that it can't compare to the 2021-2022 market, but you have a better chance of being hit by a car than seeing a below 3% interest rate on home loans again. The last month or so has been rocky for interest rates. Well that time is over and rates are not only lower than before, but on the overall decline once again. Because of those interest rate spikes last month, it caused the average home value to come down. What does this mean for you??? It means that right now you can buy a cheaper home at a better interest rate than at least any other time in the last 6 months. Click, call, email, text me, or just reach out on social media to hear more about this amazing time to purchase a home. (801)574-3369 kodyhansen@kw.com kodyhansen.realtor Follow me on LinkedIn https://lnkd.in/gri_6_sw Follow me on Instagram https://lnkd.in/g46wm5zT Follow me on Facebook https://lnkd.in/gdpU2izs #UTAH #FIRSTTIMEHOMEBUYER #SALTLAKECITY #REALESTATE #UTAHREALESTATE #KEARNS #WESTVALLEYCITY #REALTOR #HUSTLER #HOMES4SALE #UTAHAGENT #KODYHANSEN #TEAMWORK #MAGNA #SALTLAKE #MIDVALE #MURRAY #SOUTHSALTLAKE #OGDEN #SLC #DTH #LISTREPORTS #MONEY #KELLERWILLIAMS #SOUTHVALLEY #REALTY #MAKINGMOVES
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Did you know? 56% of renters and 24% of homeowners are shelling out more than 30% of their monthly income on housing! That`s a hefty chunk, leaving less wiggle room for bills, emergencies, and leisure. But fear not! Saving on rent is a top motivation for those choosing to buy a home. Why pay off someone else`s mortgage when you can start investing in your own space?
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