{"id":16913,"date":"2020-02-21T13:56:22","date_gmt":"2020-02-21T13:56:22","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=16913"},"modified":"2020-02-21T13:56:22","modified_gmt":"2020-02-21T13:56:22","slug":"its-a-great-time-to-be-a-home-buyer","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/its-a-great-time-to-be-a-home-buyer\/","title":{"rendered":"It’s a great time to be a home buyer"},"content":{"rendered":"
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It’s a great time to be a home buyer<\/h2>\n

A strong economy, low unemployment, low mortgage rates, and alluring mortgage rates are making it a great time to buy a home, according to a newly released report from LendingTree, an online financial services marketplace. The amount of income that buyers spent on their mortgage payments also dropped from 2010 through 2019, despite higher home prices.<\/p>\n

\u201cIf you are in a point in your life where you\u2019re considering buying a home today, it\u2019s a better time to buy than 10 years ago,\u201d Tendayi Kapfidze, LendingTree\u2019s chief economist, told realtor.com\u00ae. \u201cIf you can get a mortgage, you\u2019re getting much lower interest rates, and it enables you to afford more. But that also means that you\u2019re competing with more buyers, who are bidding up the prices.\u201d<\/p>\n

Indeed, median sales prices jumped 53.5% between early 2012 and summer 2019, according to realtor.com\u00ae. But a decrease in average mortgage rates\u2014by more than a percentage point from the start of the decade\u2014is helping to offset some of\u00a0that uptick. Mortgage rates have dropped from 5.09% to 3.74% during that time period. That drop could save borrowers hundreds of dollars a year to tens of thousands over the life of the loan, realtor.com\u00ae reports.<\/p>\n

Since the Great Recession, borrowers are being more responsible too, Kapfidze says. They\u2019re \u201cmuch healthier financially than they were 10 years ago,\u201d Kapfidze says. \u201cOne reason is because of low mortgage rates. If you refinance, [you can] reduce your monthly mortgage payments.\u201d<\/p>\n

Homeowners are also sitting on more equity. In 2012, nationwide equity reached a low of $8.2 trillion. In 2019, it grew to about $18.7 trillion.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cDespite Years of Skyrocketing Prices, It\u2019s a Good Time to Buy a Home, Report Finds<\/a>,\u201d realtor.com\u00ae (Feb. 19, 2020) and \u201cDecade in Debt: Mortgage Borrowers Regain Footing After Housing Crisis<\/a>,\u201d LendingTree<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It’s a great time to be a home buyer A strong economy, low unemployment, low mortgage rates, and alluring mortgage rates are making it a great time to buy a home, according to a newly released report from LendingTree, an online financial services marketplace. The amount of income that buyers spent on their mortgage payments … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-16913","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nIt's a great time to be a home buyer - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"It's a great time to be a home buyer now more so than ever 10 years ago. If you think you are ready to be a home buyer give me a call today to talk it over.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/its-a-great-time-to-be-a-home-buyer\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/its-a-great-time-to-be-a-home-buyer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/its-a-great-time-to-be-a-home-buyer\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"It’s a great time to be a home buyer\",\"datePublished\":\"2020-02-21T13:56:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/its-a-great-time-to-be-a-home-buyer\\\/\"},\"wordCount\":315,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/its-a-great-time-to-be-a-home-buyer\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/its-a-great-time-to-be-a-home-buyer\\\/\",\"name\":\"It's a great time to be a home buyer - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"datePublished\":\"2020-02-21T13:56:22+00:00\",\"description\":\"It's a great time to be a home buyer now more so than ever 10 years ago. 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