In case you aren't aware, I am a data geek about all things real estate. The National Association of Realtors happened to post a few facts that I found interesting:
* The median rent in the U.S. has risen to $1,435.00 a month. * National home values rose 6.7% last year. * 10.7% fewer homes are available for purchase since 2017 in the U.S. These facts all point to how expensive housing is, and how challenging it can be for young people to purchase their first home. Luckily, there is often some assistance for qualifying first home buyers. Check with your Realtor for information. 61% of first time buyers made a downpayment of under 6%. Fannie Mae and Freddie Mac accept mortgage applications with as little as 3% downpayment to ease the access to credit for first-time buyers. Again, ask your Realtor for more information. As always, please let me know if I may be of assistance. Cheers. Leave a Reply. |
AuthorBob Miller is an Associate Broker with 10 years of real estate experience as well as 15 years of service as a former Lake Placid School Board member, and is currently a 3-time elected Town Councilman in Lake Placid. Archives
February 2021
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Bob Miller, REALTOR®
Associate Broker Merrill L. Thomas, Inc. 2469 Main Street Lake Placid, NY, 12946 www.bobmillerrealestate.com bob@bobmillerrealestate.com 518.524.0383 |
Reviews on Zillow 3396528 "Bob was professional from start to closing. He kept us informed and informed us of all showings and results after each. He had great local knowledge ... more " ![]() by eandlhammond 3425268 "I would highly recommend Bob Miller as the realtor to sell your house. Our house was at a challenging price point for its location, but we still had ... more " ![]() by jeanc229 |
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11/10/2019
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