- Every time a home is sold, the surrounding economy feels a boost.
- Different industries and businesses benefit at each stage of the process of moving into a home!
- Hawaii leads the way with a $177,000 boost to the local economy.
Home purchases help more than then homeowner when building appreciation, increasing overall value of total assets and saving money on rent. It creates stability in a family and helps the economy at the same time. When you are ready to buy, call Tim. He’s your local expert in Tallahassee Real Estate.
RE: Economic Impact of Every Home Sold
NEW YORK – Sept. 8, 2015 – A number of U.S. homeowners have been capitalizing on the recent stock market turmoil: For the week ended Aug. 28, mortgage applications ticked up 11.3 percent versus a week earlier, according to the latest Mortgage Bankers Association (MBA) report. (U.S. housing recovery strong despite stock market)
Refinances soared 17 percent to hit their highest level since April.
“You had some borrowers looking to refinance who really took advantage of the short availability of very low rates,” says Mortgage Bankers Association (MBA) Chief Economist Mike Fratantoni. “You had a number of people following the market very closely.” Continue reading
If you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually a good time for you to buy a home.
There are 3 questions you should ask before purchasing in today’s market:
- Why am I buying a home in the first place?