home price. So higher numbers (low on the chart) mean housing is more affordable. As you can see, the market isn’t as cheap as it was in 2012, when both house prices and interest rates were incredibly low. But remember, my friend Jeff is writing mortgages at some of the lowest rates in U.S. history. OPPORTUNITY KNOCKING
takes before you “pay off” the closing costs... Basically, that tells you when refinancing starts to be profitable for you. And if it’s in five years or less, it’s a no-brainer.) But my friend... refinancing is the least you can do. I urge you to go further... I urge you to consider buying U.S. residential real estate. What more can I tell you than this: The majority of my financial assets are in Florida real estate. I am practicing what I preach here... I bought another house in Florida to update and rent out just a few months ago! I get it. The deals in property aren’t as great as they were in 2012. But, my dear friend – and I hate to be the bearer of bad news – we aren’t going to see values that good again in our lifetimes. Meanwhile, we have near-record-low mortgage rates. That means housing is still a great value today. Plus, the typical housing market indicators tell me we are nowhere near the top of the housing market. Take advantage of this opportunity! Consider refinancing – right now . And consider buying U.S. residential real estate – right now .
U.S. house prices are
Again, don’t look at the price by itself... Look at the value . The value in housing today is all about interest rates. They’re at near-record lows... And that’s giving us our extraordinary opportunity today. So yes, house prices have gone up – a lot. They’re near record highs. And, I’m telling you, U.S. house prices are going higher... Much higher. You ain’t seen nuthin’ yet. So please, talk with your bank. Or go online. Do what it takes to at least find out how much money you could save by refinancing today. (Make sure you ask about how long it going higher... Much higher. You ain’t seen nuthin’ yet.
THE SAME SIMPLE INTEREST- RATE STORYAPPLIES TO THE STOCK MARKET...
I know what you’re thinking... “How could you even consider buying stocks, Steve?”
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October 2019
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