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— - 2 Realtor.com - 1 homebuyers - 1 they're - 1 Homebuyers shouldn't - 1 Matt Vernon - 1 shouldn't - 1 it's - 1
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Search resuls for: "Homebuyers shouldn't"


3 mentions found


☆ 'If you see a home you love, don't wait': How homebuyers should react to falling mortgage rates, according to Realtor.com
  + stars: | 2024-02-27 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +1 min
Gradually falling mortgage rates will create a more challenging market, Realtor.com wrote in a new report. They said homebuyers shouldn't wait for lower rates, and buy a home when they're financially ready. Homebuyers shouldn't hold out for lower mortgage rates, as the gradual decline will only encourage other market challenges. Instead, it's best that financially prepared buyers move forward on properties that fit their needs, Realtor.com wrote in on Tuesday. Mortgage rates have been on the decline since peaking at a near-8% level last October, a high not reached since 2000.
Persons: Realtor.com, homebuyers, they're, Homebuyers shouldn't Organizations: Business
☆ 3 reasons why Bank of America's head of consumer lending says you shouldn't wait for mortgage rates to go down
  + stars: | 2024-02-06 | by ( Jennifer Streaks | Sarah Silbert | Senior Personal Finance Reporter | ) www.businessinsider.com   time to read: +4 min
Despite mortgage rates hovering around 6%, homeownership is still a top priority for many Americans. Matt Vernon, head of consumer lending at Bank of America, says prospective homebuyers shouldn't try to time the market. Despite this, many prospective homebuyers are ready to act. According to Matt Vernon, head of consumer lending states at Bank of America, it's not worth waiting for rates to drop if you're otherwise ready to buy. For instance, approximately one-third of prospective homebuyers would consider starting an online store to sell handcrafted pieces (34%) or selling some of their belongings (31%) to save for a home.
Persons: Matt Vernon, shouldn't, —, it's, homeownership, Homeownership, Vernon, they'd, today's Organizations: Bank of America, Service, Finance
☆ Don't expect house prices to fall this winter, says Goldman Sachs economist
  + stars: | 2023-10-26 | by ( George Glover | ) www.businessinsider.com   time to read: +2 min
And there's no relief coming for prospective homebuyers this winter, says a Goldman Sachs economist. "Prices are unlikely to decline meaningfully" because of the supply shortage, said David Mericle. AdvertisementAdvertisementProspective homebuyers shouldn't count on prices falling this winter – because there just aren't enough properties being put up for sale, according to a top Goldman Sachs economist. "Prices are unlikely to decline meaningfully, precisely because of the supply shortage," David Mericle, the chief US economist for the bank's global investment research division, told Yahoo Finance . But because of the supply shortage, I think the demand is still there for the market to clear at prices similar to where we are," Mericle said.
Persons: Goldman Sachs, David Mericle, —, Mericle, Freddie Mac – Organizations: Service, Yahoo Finance, Biden Administration, National Association of Realtors
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