The Future of Rent: Up, Down, or Sideways?
The increasing number of renters suggests rent prices are unlikely to fall soon. High demand and limited supply in the rental market are driving rent prices higher.
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Forecast: 0.4% Rise in Home Values by Year-End
Home values are expected to ↑0.4% by the end of 2024, followed by ↓1.4% by Mid-Q2 2025Nationwide, new listings in the housing market ↑~13% yearly.
Owner Financing: Buy Now, Pay Later!
Owner Financing Basics: It allows buyers to purchase a home directly from the seller with financing. When to Consider: Useful when traditional mortgage options are limited due to credit or property type.
Are Affordable Mortgages Still Possible? Tips for Today’s Market
Shop around: Compare rates from multiple lenders to find the best deal. Boost your credit: Improve your credit score by fixing errors and paying down debts.
How to get a mortgage with bad credit
Buying a house with bad credit is possible but may result in high mortgage rates. Those with scores above 580 could consider FHA loans or government-backed mortgages. Improve your chances of mortgage approval by increasing your credit score or saving for a larger down payment. First-time homebuyers have specific programs to help them qualify. Different … Continued
12 Unconventional Ways to Lower Your Mortgage Payment
Mortgages have increased, impacting monthly budgets. Ways to lower mortgage payments include making a bigger down payment, reducing homeowner’s insurance costs, recasting the mortgage, making bi-weekly payments, refinancing, getting a property tax assessment, negotiating a lower interest rate, downsizing, applying for a modification program, lengthening the loan term, renting out spare space, and paying mortgage … Continued
Idaho Market Predictions for the Rest of 2024
Minor price drops (0.1%-1.1%) expected in key MSAs through September 2024. Anticipated price increases (1.2%-3.6%) in major areas by mid-2025.
How to Buy a House With No Money Down
There are special government-backed loans, like VA loans and USDA loans, that require no down payment. You can leverage first-time homebuyer programs that offer grants or low-interest loans to cover the down payment.
Impact of Cooling Inflation on Homebuyers
Falling Inflation Rate: Inflation fell from 3.5% in March to 3.3% in May. Impact on Mortgage Rates: Lower inflation could lead to falling mortgage rates.
Will Mortgage Rates Ever Be 4% Again?
The US housing market is affected by rising mortgage rates, currently at 6.89%. Experts predict a gradual decline but rates above 6.5% for 2024. Different forecasts suggest rates around 7% or potentially dropping to 6.5%. Factors like inflation, economic growth, and global events will influence future rate cuts and mortgage rate movements. Staying informed about … Continued