MONTHLY SUPPLY OF HOUSES IN THE U.S.
MORE BANG FOR YOUR BUCK Another positive for the housing market is mortgage rates. Mortgage rates have dropped in recent months, which makes homes more affordable to buy. Just a few months ago, rates were close to 5%. While a 1% difference may not seem like much, it can add more than $100 to a standard monthly loan payment (assuming a 20% down payment on a $300,000 home). Over the course of 30 years, that’s tens of thousands of dollars. Today, the setup for homebuilders is just too good to pass up. And stocks that are involved in home improvement will benefit as well. The houses on the market right now are just too old. If you have some extra cash floating around and want to put it to use, I think a play on housing is a smart move.
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There are few homes on the market today
AVERAGE 30-YEAR FIXED RATE MORTGAGE
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