No one knows for sure. It depends on how long it takes to beat this virus. Goldman Sachs anticipates we will see a difficult first half of the year, but the economy will recover in the second half of 2020.
If the current situation is more like the markets in the early 2000s versus the markets during the Great Recession, home values should be minimally affected, if at all.
The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various…
Today, the strength of the housing market is actually helping prevent a setback in the overall economy.
If your financial situation allows, now may be a great time to lock in at a low mortgage rate to benefit greatly over the lifetime of your loan.
Even with home price growth accelerating, today’s low-interest-rate environment has made home affordability the best it’s been since early 2018.
There probably won’t be a recession in 2020. That’s good news for you, whether you’re looking to buy or sell a home.
There are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more.
It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.
Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today’s low rates provide consumers with some significant…