Rising mortgage rates could have a big impact on the direction you choose when shopping for real estate, economists warn. “Every time the interest rates go up, you eliminate a group of people who can no longer afford to buy a house,” Don Frommeyer, a mortgage broker at Marine Bank in Indianapolis said, “Some people may have to rent for a period of time until they make more money—or buy a smaller house.”
To avoid further complications in their plans, you may want to speed up the home search this spring, as interest rates are forecasted to move higher in the coming months. Forty-four percent of home buyers say rate increases likely will force them to settle for a smaller, less expensive home that requires a longer commute to their jobs. First time buyers may be the most affected by the cost, as increasing home prices and interest rates price some out of the market.
This property is a gem! Triplex on Leimert Blvd with lost of upside in appreciation and rents - all are 2 bedrooms. Tenants are Section 8 which means they will stay close to market rents. The building needs some work but that is part of the upside. Let me know if you want to see inside!
Classic Spanish Tudor awaits your view!
Located in Los Feliz/Hollywood Grove HPOZ this stunning home features Batchelder fireplace, coved ceilings, arched doorways and original woodwork on doors and trim. Grab a good book and read while seated on the living room window bench, step into the Garden Room for the complete Zen vibe or just hang out in the yard for a relaxing outdoor experience next to a tasty lemon tree. The home has copper pipes throughout, new heating unit and ducts, freshly landscaped yard and new exterior and interior paint. The home is located on a quiet cul de sac just steps from Franklin Village with plenty of shops and restaurants.
Call me to see inside!
For more pictures follow this link http://1924ngramercypl.com
Crissi Avila will teach you how to buy smart. We’ll look at location, development, and turnover so you can spot opportunities long before most even start considering them.