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Day: March 13, 2020
Homebuyers in Dallas and Portland, Oregon saw an increase in the share of homes affordable, while those in Phoenix and Las Vegas saw a decrease.
A dramatic drop in mortgage interest rates, driven by coronavirus fears, has given homebuyers a big boost in purchasing power in recent weeks. At the current mortgage interest rate of 3.2%, a homebuyer with a $2,500 monthly mortgage budget could afford to purchase a home priced $51,250 higher than in March of 2019 when rates were 4.4%. Put another way, as a result of the drop in mortgage interest rates, the monthly payment on
Expats are so keen to find a safe haven for their money they are buying Sydney real estate promptly and sometimes without even seeing it.
One expat has just bought a Manly beachfront property for more than $5 million after seeing it only on a video, another was chasing an exclusive townhouse with a price tag of more than $7 million and a third paid $1.8 million for a Manly unit with views of the Heads.