Monday News You Can Use - 11.21.2022
Nov 21, 2022
Homes sales down 28% Year over year
This is not 2008 there’s still limited supply - homes starts down 21%
Should I buy new or used?
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TECH TIP
For properties that smell (If Buyers can smell it, we can sell it!)
We bought https://www.vaportek.com/
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Conversation Advancer of the Week:
Why should I buy now? |
Because you have choices.
But the interest rate is so high.
It is higher but you can refinance if the rates drop.
Lets say you bought a home listed at $400,000 home a year ago and paid $410,000. Interest rate was 3.5% you borrowed $369,000 your P& interest payment would have been $1657. Today you can buy the same home for $380,000 and you’d borrow $342,000 at 6.25% the payments $2106 $449 a month different but you " saved” $30,000!
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