[:en]Buying A Home? Do You Know The Difference Between Cost & Price?[:es]¿Comprando una casa? ¿Sabe la diferencia entre el costo & el precio?[:]

Buying A Home? Do You Know The Difference Between Cost & Price? | Simplifying The Market
[:en]As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home.

The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae and Freddie Mac all projected that mortgage interest rates will increase by about three-quarters of a percentage point over the next twelve months.

According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.2% over the next 12 months.

What Does This Mean as a Buyer?

Here is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 today if home prices appreciate by the 5.2% predicted by CoreLogic over the next twelve months:

Cost of Waiting | Simplifying The Market[:es]Como vendedor, usted estará más preocupado sobre ‘el precio a corto plazo’- hacia dónde se dirige el valor de la casa en los próximos seis meses. Como comprador, usted debe estar preocupado no por el precio, pero en su lugar, sobre el ‘costo a largo plazo’ de la casa.

La Asociación de banqueros hipotecarios (MBA por sus siglas en inglés), la Asociación nacional de Realtors, Fannie Mae y Freddie Mac todos proyectan que las tasas de interés hipotecarias van a aumentar aproximadamente tres cuartos de un punto porcentual durante los próximos doce meses.

Según El informe del Índice de los precios de las casas de CoreLogic, los precios de las casas van a apreciar 5.2 % durante los próximos doce meses.

 ¿Qué significa esto para un comprador?

Aquí hay una demostración simple del impacto que el aumento en la tasa de interés puede tener en los pagos de una hipoteca de una casa vendiéndose por aproximadamente $250,000 hoy si los precios de las casas apreciaran por el mismo 5.2 % informado por CoreLogic durante los próximos doce meses:

El costo de esperar| Simplifying The Market

 [:]

[:en]Buying A Home? Do You Know The Difference Between Cost & Price?[:es]¿Comprando una casa? ¿Sabe la diferencia entre el costo & el precio?[:]

Buying A Home? Do You Know The Difference Between Cost & Price? | Simplifying The Market

[:en]As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home. The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae ...

Continue Reading

[:en]Buying A Home? Do You Know The Difference Between Cost & Price?[:es]¿Comprando una casa? ¿Sabe la diferencia entre el costo & el precio?[:]

Buying A Home? Do You Know The Difference Between Cost & Price? | Simplifying The Market

[:en]As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home.

The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae and Freddie Mac all projected that mortgage interest rates will increase by about three-quarters of a percentage point over the next twelve months.

According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.2% over the next 12 months.

What Does This Mean as a Buyer?

Here is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 today if home prices appreciate by the 5.2% predicted by CoreLogic over the next twelve months:

Cost of Waiting | Simplifying The Market[:es]Como vendedor, usted estará más preocupado sobre ‘el precio a corto plazo’- hacia dónde se dirige el valor de la casa en los próximos seis meses. Como comprador, usted debe estar preocupado no por el precio, pero en su lugar, sobre el ‘costo a largo plazo’ de la casa.

La Asociación de banqueros hipotecarios (MBA por sus siglas en inglés), la Asociación nacional de Realtors, Fannie Mae y Freddie Mac todos proyectan que las tasas de interés hipotecarias van a aumentar aproximadamente tres cuartos de un punto porcentual durante los próximos doce meses.

Según El informe del Índice de los precios de las casas de CoreLogic, los precios de las casas van a apreciar 5.2 % durante los próximos doce meses.

 ¿Qué significa esto para un comprador?

Aquí hay una demostración simple del impacto que el aumento en la tasa de interés puede tener en los pagos de una hipoteca de una casa vendiéndose por aproximadamente $250,000 hoy si los precios de las casas apreciaran por el mismo 5.2 % informado por CoreLogic durante los próximos doce meses:

El costo de esperar| Simplifying The Market

 [:]

[:en]Buying A Home? Do You Know The Difference Between Cost & Price?[:es]¿Comprando una casa? ¿Sabe la diferencia entre el costo & el precio?[:]

Buying A Home? Do You Know The Difference Between Cost & Price? | Simplifying The Market

[:en]As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home. The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae ...

Continue Reading
Copy Preview Copy Full Post
Copied! Go to your email or CRM and paste it.
Unable to Copy to Clipboard
Copy & Paste

You can easily email your Blog Posts in your current email platform or CRM by using the copy options here! After selecting Copy, you can then open an email in your email platform or CRM and Paste. You can select Copy Preview to include an intro to your blog post, with a link to Continue Reading on your Personalized Homepage, or Copy Full Post to copy the entire blog post. You can learn more about this feature by click here.

'


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.