American’s Best Long Term Investments over the last ten years
A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph).
Major Financial Institutions Forcast 2nd Half Recovery – Goldman Sachs, JP Morgan, Morgan Stanley, Wells Fargo
New-home transactions have reportedly doubled in the last two weeks alone as young professional millennials from 31 to 40 years old show increasing demand to buy, John Burns Real Estate Consulting reports.
Before you get emotionally attached to a beautiful house, check your monthly budget to determine how much house you can afford. You need to leave room in your budget for other things, so make sure your monthly housing costs (including HOA fees, taxes, insurance, etc.) are going to be no more than 25% of your monthly take-home pay.