Some financial advisors maintain that putting money in the stock market rather than buying a home is a better investment, particularly when housing prices and interest rates are high. For example, a contributor to Forbes notes: “Put simply, an investment in real estate earns just three to four percent per year historically; on the contrary, investments in the stock market post … [Read more...] about Should I Buy a Home or Put My Money in the Stock Market? It’s a good idea to do both!
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Home Buyer Tips for the Fall of 2023 Don't Give Up: Buy Now
Transcript: If you're looking to buy a house in this real estate market, you're probably pretty frustrated right now. It's totally understandable. Prices are still pretty high and interest rates continue to make homes less and less affordable. I'm Angela Logomasini with Samson Properties, and today I'm going to give you a couple tips on how to navigate this crazy real … [Read more...] about Home Buyer Tips for the Fall of 2023 Don't Give Up: Buy Now
Real Estate Market Reflecting Economy’s Volatility Buyers have a bit more flexibility, but interest rates on the rise.
The real estate market appeared to catch up to some of the warning signs we’ve seen in recent months, as prices in Fairfax County dipped in between July and August. The average sold price in the county in July was $771,198, and median price was $650,000. In August, those numbers slid a bit, with average and median sale prices dropping to $721,095 and $635,000 respectively. … [Read more...] about Real Estate Market Reflecting Economy’s Volatility Buyers have a bit more flexibility, but interest rates on the rise.
Home Ownership as a Hedge Against Inflation Belvoir-Based Museum Details the History of the American Soldiers
After reaching 9.1 percent in June, the inflation rate backed off to 8.5 percent in July. Though a bit of a drop from the previous month—and aside from this year so far—inflation hasn’t been this high since December 1981. Now, in the early part of this year, a lot of homebuyers challenged by stiff competition in the spring decided to take a break as we moved into summer. But … [Read more...] about Home Ownership as a Hedge Against Inflation Belvoir-Based Museum Details the History of the American Soldiers
Interest, Inflation Shifting Buying Habits Buyers cautious on new loans, but seller’s market holds steady.
Throughout the D.C. region, low inventory is helping sustain demand for sellers, but buyers may be tapping the breaks a bit as we head into the summer months. With interest rates at about 5.5 percent nationally in the first few weeks of June, new mortgage loan applications dropped to their lowest point in 22 years. “The purchase market has suffered from persistently low … [Read more...] about Interest, Inflation Shifting Buying Habits Buyers cautious on new loans, but seller’s market holds steady.