Thursday, March 31, 2022 / by Todd Mowry
The annual inflation rate in the United States is currently around 7.5%—the highest it has been since 1982.1 It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend U.S. dollars, inflation impacts you.
Economists expect the effects of inflation, like a higher cost of goods, to continue.2 Luckily, an investment in real estate can ease some of the financial strain.
Here’s what you need to know about inflation, how it impacts you, and how an investment in real estate can help.
WHAT IS INFLATION AND HOW DOES IT IMPACT ME?
Inflation is a decline in the value of money. When the rate of inflation rises, prices for goods and services go up. Therefore, a dollar buys you a little bit less with every passing day.
The consumer price index, or CPI, is a standard measure of inflation. Based on the latest CPI data, prices increased 7.5% from January 2021 to January 2022.1 A little bit of inflation is considel ...
Thursday, January 6, 2022 / by Todd Mowry
Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.1
However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down. In the month of October, only 60.3% of sales involved a bidding war—down from a high of 74.5% in April.2 While this trend could be attributed to seasonality, it could also be a signal that the real estate run-up may have passed its peak.
So what’s ahead for the U.S. housing market in 2022? Here’s where industry experts predict the market is headed in the coming year.
MORTGAGE RATES WILL CREEP UP
Most economists expect to see mortgage rates gradually rise this year after hitting record lows in late 2020 and early 2021.3
Freddie Mac forecasts the 30-year fixed-rate mortgage will average 3.5% in 2022, up from around 3% in 2021.4
The Mortgage Bank ...
Tuesday, November 16, 2021 / by Todd Mowry
New Build or Existing Home: Which One Is Right for You?
Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale.
Nationwide, there were 1.27 million active listings in September, down 13% from the previous year. According to the National Association of Realtors, that’s about 2.4 months of inventory, which is far less than the six months that is generally needed to strike a healthy balance between supply and demand.
Given the limited number of available properties, if you’re a buyer in today’s market, you may need to expand your search to include both new construction and resale homes. But it can feel a little like comparing apples to oranges. Let’s take a closer look at some of the factors you should take into account when choosing between a new build or an existing home. ...
Thursday, June 24, 2021 / by Todd Mowry
There are various things to look for on your home tour with a Realtor. You should look at all the usual things like the kitchen, baths, layout, rooms and the backyard... but there are also things that you should look at on your tour that can save you a lot of time and money if you spot these things early. By learning a few things and taking a little extra time on your home tour and listening to your Realtor... you will not end up putting in offers on homes that wont work for you because they need to many repairs or have unpermitted work that you don't want to deal with. If you see these things early, they can also help you save money on the amount of your offer. Most of time sellers know what's wrong with their homes but see it differently than the buyer. So if you spot a problem early you can make your offer accordingly rather than trying to lower your offer later after the inspection. You might learn from your inspector something that you think is a hidden problem but the seller thin ...
Monday, November 30, 2020 / by Klaus Xhumari
Look at these exclusive resort style condos available for rent in the SeaWorld area. The community has easy access to SeaWorld and all the other major attractions in Orlando, like Disney and Universal Studios. Major roads nearby connect you to the rest of Orlando as well.
They are fully furnished, professionally interior designed and come in a community with five star amenities including a pool, jacuzzi, racquetball/tennis court, gym, club house, sauna, BBQ area, and movie theater.
1 bed, 1 bath, 800 sq.ft., $1,900/month:
2 Bed, 2 Bath, 1,100 sq.ft., $2,190/Month:
To learn more about these condos and similar properties available in Central Florida, call 407-719-2094, or email me at email@example.com
Klaus Xhumari, Realtor- EXIT Realty and its Real Estate Professionals focus on Orlando, Winter Park, College Park, Maitland, Orange County, FL and surrounding. Whether you're looking to buy or sell, we deliver nothing short of the best ...