May 10 2018 30083 1

May 10 2018 30083 1

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market.As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Reporthome prices will appreciate by 5.2% over the next 12 months.

What Does This Mean as a Buyer?

If home prices appreciate by 5.2% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:

Bottom Line

If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.

See Below if you are thinking about Buying, Selling, or Investing in real estate.

Selling a home

Here are some reports on systems that we use to help a homeowner get up to 18% more when they sell with us:Get our Maximum Payoff Guide for Sellers as seen on Amazon.com FREEor go to http://wesellhomesformore.com/ for more information on our selling process and why we sell for more.Curious about what your home is worth goto http://www.socalhomevaluenow.com/ and find out instantly. This will give you a rough estimate on what your home is worth. For an accurate home value contact me directly for a free home value assessment.

Text Sell to 951-395-8057 and learn more about why you should sell your home with Team Olsewski.

Buying a home

If you are looking to buy a home whether its your 1st or 20th its important to choose the right agent. This decision could cost your thousands of dollars! Go to www.why-buy-with-us.com and see how we can help you!

Text Buy to 951-395-8057 and learn more about why you should buy your home with Team Olsewski.

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Phone: 951-506-5744
Dated: May 10th 2018
Views: 163
About Tom: Tom Olsewski, Licensed Realtor and Team Leader. Our Team specializes in Southwest Riverside County. ...

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Location & Address

Coldwell Banker - Team Olsewski
32675 Temecula Parkway Suite A
Temecula, CA
951-395-8057
888-386-4035