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Can It Keep Going Up?

March 23, 2022 By Kurt H Leave a Comment

When it comes to the real estate market, there is a question going around if it can continue to go up and become more valuable for sellers. When it comes to the affordability of a home, it ultimately breaks down into three components which are the price of the home, wages earned by the buyer and mortgage rates. Mortgage rates have dropped from 6% to 4%. Finally, make sure to look into foreclosures as they have continued to dwindle since the peak in 2009.

Key Takeaways:

  • When it comes to Mortgage rates, we have seen a decrease from 6% to 4% and stock portfolios have surged.
  • Borrowers typically need more assets now as well as a greater credit history to quality for a loan.
  • We are currently experiencing a record for home equity which can help move up home buyers over-take first time home buyers.

“This formula has three main components: home price, wages earned by the homebuyer, and mortgage rates.”

Read more: https://www.getricheducation.com/can-it-keep-going-up/

Related posts:

  1. Financial Freedom Report – April 2020
  2. Get Your Financial Crisis Action Plan Ready
  3. Where the Rich Store their Wealth
  4. The Best Anti-Fragility Speech Ever Came From a Surprising Source

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