Real Estate with KRISTA HUBBARD

1. You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

   

   Some Highlights

   • Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase.
   • And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.

2. Experts Forecast a Turnaround in the Housing Market in 2023

   The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.

3. Should You Rent Your House or Sell It?

   If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Pollsurvey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.

4. Lower Mortgage Rates Are Bringing Buyers Back to the Market

   As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

5. Where Will You Go If You Sell? You Have Options.

   There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.