We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can be in retirement planning.
Craig Copeland, Senior Research Associate at EBRI, recently authored a report, Importance of Individual Account Retirement Plans and Home Equity in Family Total Wealth, in which he reveals:
READ MORE: The Importance of Home Equity in Retirement Planning
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To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could see rates hit 5-5.5% by the end of the year.
However, the exact opposite has happened. Instead of higher rates as we head into the middle of 2017, we now have the lowest rates of the year (as reported by Freddie Mac). Here is a graph of mortgage rate movement since the beginning of the year:
Read Mortgage Interest Rates Reverse Course in 2017 Full Content
Let’s get together to discuss your exact market conditions and help you create a strategy to secure your new home in this competitive atmosphere! source: Real Estate with Keith Kreis
BuyHome with Keith Kreis
A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today.
If you are a prospective buyer who is ‘ready’ and ‘willing’ to act now, but are not sure if you are ‘able’ to, let’s sit down to help you understand your true options. Read Full Content: Again… You Do Not Need 20% Down to Buy NOW!
BUYHOMES IN ILLINOIS
Whenever a well-respected millionaire gives investment advice, people usually clamor to hear it. This millionaire gave simple advice – if you don’t yet live in your own home, go buy one. source: Real Estate News with Keith Kreis
BuyHome For Sale in Naperville
Many homeowners worry about their property’s long-term value. They worry about whether the house will be worth more when they choose to sell in 20 or 30 years rather than going down in value. The following paragraphs contain some wisdom on this subject.
Since the peak, foreclosures have been steadily on the decline by nearly 100,000 per year all the way through the end of 2016, as seen in the chart below. If this trend continues, the country will be back to 2005 levels by the end of 2017.
As the economy continues to improve, and employment numbers increase, the number of completed foreclosures should continue to decrease. source: Real Estate with Keith Kreis
Steps to Buying a Home
Many home buyers are unaware just how complicated purchasing a home can be. Lean on this advice when you need to purchase property.
Do you want to enter the real estate market, but doing so makes you nervous? Do you wish that you knew more about real estate? If so, the following article will answer all of your questions. Use this advice to guide your investments so that you can earn a tidy profit in real estate.
Do not be afraid to spend money on marketing. It is easy to just focus on the numbers and get fixated on how much marketing is costing you. However, it is important to think of the marketing as an investment in and of itself. If done the right way, it will only benefit you in the end.
Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017… For complete information continue reading here – Process of Buying a House
Look for a property that is going to increase in value. Properties near business districts or water can earn you a lot of money. Understand that the price will fluctuate based on the work that you put into the property.
Always check out the whole neighborhood where a property is before you buy anything there. Good neighborhoods will get you a better return than rundown ones. Location is key, and it’s what determines the value.
Don’t buy steeply discounted real estate. Even if the price is tempting, you may end up being stuck with the property for a long time to come because there will simply be no buyers. Spend some more to make sure you get something people will be interested in.
Real estate does not have to be a complicated subject, though it can seem this way at first. If you take the time to learn a bit more about it before you invest, you can avoid many common problems. Keep this advice in mind so that you can earn the most from your money.