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Which Home Types Are Facing a Downturn by 2025?
Interest rates and housing prices are high, but some homes might lose value in 12-18 months. Condos and urban apartments may decrease in value due to oversupply and lower demand from remote work.
Read MoreHow Much Does a Mortgage Broker Charge in Fees?
Some brokers charge an upfront fee, others are 'fee-free' and earn commission from lenders. Is paying a broker worth it? Fees secure low-cost, exclusive deals, specializing in self-employed or bad credit cases.
Read MoreThe Rise of Real-World Assets in Real Estate
Real-world assets (RWAs) are tangible physical assets like property, tokenized for digital ownership. Tokenization of RWAs divides asset ownership into digital shares, enhancing investment flexibility.
Read MoreWill Mortgage Rates Fall After the July Fed Meeting?
Recent inflation numbers indicate a downward trend, potentially leading to a Federal Reserve interest rate cut. Experts believe the Fed will maintain current interest rates at the July meeting due to inflation still being above the target rate.
Read MoreMid-Year Interest Rate Cut Forecasts for 2024
Expectations for interest rate cuts in the US have been reduced in 2024. The Federal Reserve initially projected 3 cuts, but now forecasts only 1 by year-end.
Read MoreJacksonville: Under $100K Homes Await
Jacksonville boasts a large housing market with 4,636 total listings. Affordable options exist with 77 listings under $100K. The median home list price of $308K, reflects a broader range of housing options. Jacksonville offers a lower cost of living than both the national and statewide avg. The city's expansive land area, the 2nd largest in…
Read MoreWhat You Need to Know About Mortgage Rates
The Federal Reserve, through the Federal Open Market Committee meetings, indirectly impacts mortgage rates based on its economic outlook. The Fed can lower mortgage rates by buying mortgage-backed securities during crises, thereby stimulating home buying and refinancing. Changes in the Fed rate can affect the cost of mortgages, influencing the housing market. It's recommended to…
Read MoreJacksonville: How Much to Save for a Down Payment?
The typical home value in Jacksonville is $362K, slightly higher than the national avg. To buy a home here, you'll need a down payment of at least $117K, which is 32.3% of the purchase price.
Read MoreRefinance Right: Expert Mortgage Tips
Check your financial health, focusing on credit score and debt-to-income ratio. Understand your home equity, including how much you’ve built up and its current appraised value.
Read MoreEssential Steps to Homeownership: 2024 Guide
Evaluate your credit score, debt-to-income ratio, and savings to assess financial readiness. Create a comprehensive budget covering down payment, mortgage, taxes, insurance, and maintenance.
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