Russ Whitney Targets Few Emerging Trends that Influence Real Estate Market

Emerging-Trends-that-Influence-Real-Estate-Market

Housing Market

There are times when home purchasing decisions says Russ Whitney affects the financial stability of the buyers.Many consumers move from renting to a starter home; starter home to mid-level property; and so on. These decisions are predicated on the financial ability of buyers to afford a home more expensive than the one they currently own.

Home Sales

The mortgage rates can’t remain at these historically low levels forever tells Whitney. Sooner or later they’ll have to rise and it looks like 2015 will be the year.The current administration has worked hard to keep rates as low as possible. It may be because they understand the value of housing market creates for the larger economy.

Low Mortgage Rates

There will be less home sales activity and a higher percentage of income allocated towards housing costs.A positive step that Russ suggest is an upcoming rate reduction for FHA mortgage insurance. The rate that has been 1.35 percent is now moving to 0.85 percent.The mortgage insurance rate will give these borrowers a better opportunity to purchase a home.

Inventory

First-time home buyers will benefit from this rate decrease.The opportunity to sell is always greater during any competition.Long term mortgage rates go up to 6 percent by the end of 2015.

More News: Russ Whitney-Real Estate Trends and Mortgages

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About russ321

Russ Whitney is the epitome of American Dream: he led his successful life as a family man, civic leader, best-selling author, mentor and businessperson.
This entry was posted in Russ Whitney Home Sales, Russ Whitney Housing Market, Russ Whitney Mortgage Rates, Russ Whitney Real Estate Market and tagged , , , , . Bookmark the permalink.

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