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5 Homebuying Acronyms [INFOGRAPHIC]

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC] | Simplifying The Market

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC] | Simplifying The Market

 

Some Highlights:

  • Learning the lingo of homebuying is an important part of feeling successful when buying a home.
  • From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them.
  • Your local professionals are here to help you feel confident and informed from start to finish…and this infographic will help you as you go.

Buy Now or Wait Until Next Year?

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | Simplifying The Market What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
  • Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020.
  • CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
  • If you’re ready and willing to buy your dream home, now is a great time to buy!
 

6 Graphs Showing the Strength of the Current Housing Market [INFOGRAPHIC]

6 Graphs Showing the Strength of the Current Housing Market [INFOGRAPHIC] | Simplifying The Market 6 Graphs Showing the Strength of the Current Housing Market [INFOGRAPHIC] | Simplifying The Market  

Some Highlights:

  • Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home.
  • Mortgage rates remaining near historic lows and houses selling in an average of only 29 days are just two key elements driving the strength of today’s market.
  • With the national data shown here, make sure to also determine what’s happening in your local market so you are fully informed when you’re ready to make your next move.

A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]

A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC] | Simplifying The Market A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC] | Simplifying The Market  

Some Highlights:

  • There are many reasons to hire a real estate pro to help you buy your dream home or sell your current house.  Hiring a pro is one of the most powerful decisions you can ever make.
  • A real estate professional has the experience to help you confidently navigate through the entire process.
  • Make sure you work with someone who knows the current market conditions and can simply and effectively explain them to you and your family.
 

A Recession Does Not Equal a Housing Crisis

A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC] | Simplifying The Market

Recession ≠ Housing Crisis

Chart showing A Recession Does Not Equal a Housing Crisis  

Some Highlights:

  • There is plenty of talk in the media about a pending economic slowdown.  Just like a year ago when recession was all the talk, here we go again.  Sooner or later the experts are bound to be right!
  • The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th.
  • Many experts predict a potential recession is on the horizon. However, housing will not be the trigger, and home values will still continue to appreciate. It will not be a repeat of the crash in the 2008 housing market.