You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. The Mortgage Bankers Association (MBA) monthly releases the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI Continue Reading
Before you buy a home, it’s essential to plan. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for. What Are Closing Costs? Closing costs Continue Reading
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and fueled the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. The pinch Continue Reading
If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. In New York City the "30-day pace of Deal Volume is stabilizing in the mid-800s". Urban Digs "suggests Continue Reading
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still rising. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial Analyst Continue Reading
. Purchasing a new home can be an expensive venture. And it involves quite a bit more than just the price of a property. In order to close on a property, buyers always face a bevy of settlement costs. This includes everything from loan origination fees to appraisal charges to credit report costs. According to the Federal Reserve as a general rule of thumb, buyers spend 3% of their Continue Reading
124 Hudson Street
New York NY, 10013
