The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report explains: “Last month saw
Housing Inventory Vanishing: What Is the Impact on You?
Outside of a strong economy, low unemployment, and higher wages, there are three more great reasons why you may want to consider buying your dream home this year instead of waiting. 1. Buying a Home is a Great Investment Several reports indicate that real estate is a good investment, topping other options such as gold, stocks,
We are lucky here at Team Troy to have such amazing partners in the lending field. If you are considering buying a home, the first step is to contact a lender and get pre-qualified. This will help our buyer’s agents narrow down your home search. Contact one of Team Troy’s preferred lenders here, listed among
The chart below explains what people mean by “historically low interest rates.” There have only ever been a few dips in the past 200 years that have been much lower than where we are hovering today, around 3.43% for a 30-year fixed. The real question is, where will they go from here? For planning purposes,
Breaking News from the Trading Floor: Rates since previous month: up Rates since previous business day: unchanged Rates since previous week: unchanged Today’s bond market opened slightly positive even though stocks are showing noticeable gains. The Dow is currently up 79 points while the Nasdaq is up 4 points. The bond market is currently up