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US Real Estate News for Global Investors 9-22-2020

Posted By Yoshi Takita on September 22, 2020 in Investments

The Cost of a Home Is Far More Important than the Price The Cost of a Home Is Far More Important than the Price | MyKCM Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” Whenever there is a shortage in supply of an item that’s in high demand, the price of that item increases. That’s exactly what’s happening in the real estate market right now. CoreLogic’s latest Home Price Index reports that values have increased by 5.5% over the last year. This is great news if you’re planning to sell your house; on the other hand, as either a first-time or repeat buyer, this may instead seem like troubling news. However, purchasers should realize that the price of a house is not as important as the cost. Let’s break it down. There are several factors that influence the cost of a home. The two major ones are the price of the home and the interest rate at which a buyer can borrow the funds necessary to purchase the home. Last week, Freddie Mac announced that the average interest rate for a 30-year fixed-rate mortgage was 2.87%. At this time last year, the rate was 3.73%. Let’s use an example to see how that difference impacts the true cost of a home. Assume you purchased a home last year and took out a $250,000 mortgage. As mentioned above, home values have increased by 5.5% over the last year. To buy that same home this year, you would need to take out a mortgage of $263,750. How will your monthly mortgage payment change based on today’s lower mortgage rate? This table calculates the difference in your monthly payment:The Cost of a Home Is Far More Important than the Price | MyKCMThat’s a savings of $61 monthly, which adds up to $732 annually and $21,960 over the life of the loan. Bottom Line Even though home values have appreciated, it’s a great time to buy a home because mortgage rates are at historic lows.

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Is the Economic Recovery Beating All Projections?

Posted By Yoshi Takita on September 21, 2020 in Investments

Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come.

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Homes Across the Country Are Selling Fast

Posted By Yoshi Takita on September 18, 2020 in Investments

Buyers are actively searching for and purchasing homes at a record-breaking pace.

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How Low Inventory May Impact the Housing Market This Fall

Posted By Yoshi Takita on September 17, 2020 in Investments

Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.

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Is Now a Good Time to Move?

Posted By Yoshi Takita on September 17, 2020 in Investments

With today’s changing homebuyer needs, especially given how the current health crisis has altered our daily lifestyles, many homeowners are reconsidering where they’re at and thinking about moving to a home with more space for their families.

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Thailand Government approves to allow foreign visitors by way of the Special Tourist VISA (STV)

Posted By Chada Trithavornyuenyong on September 17, 2020 in World News

Thailand’s Government recently approved in principle to along foreigners to visit Thailand. Special Tourist VISA (STV) will allow visitors to stay up to 90 days.

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The Surging Real Estate Market Continues to Climb

Posted By Yoshi Takita on September 16, 2020 in Investments

Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market.

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VR Global Property celebrates by opening to the Chinese market

Posted By Chada Trithavornyuenyong on September 15, 2020 in Global Real Estate

VR Global Property Co., Ltd. announced that it has opened up to Chinese real estate market. VR Global Property is a full service real estate company that focuses on global investment and project development.

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US Real Estate News for Global Investors

Posted By Yoshi Takita on September 14, 2020 in Investments

Residentials Home Mortgage Rate for past 30 years

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US Real Estate News for Global Investors

Posted By Yoshi Takita on September 14, 2020 in Investments

Residential Property Appreciation rate for past 12 month

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