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Real Estate Investment Blog

How Will Mortgage Rate Hikes Impact Home Sales and Investment Buying? Real Estate Investment Blog
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Posted by Valerie Robinson on February 19, 2016,  4:40 PM

 

Not everyone's favorite subject or topic for discussion is mortgage interest rates but

with the intended increase many are speculating about their indexes and impact on home affordability. But more important is  how and which housing markets will this rates effect?  Accordingly to Bank Rate, a great source  used by many financial institutions  and its banking official's. I have found its a resource of home information for all investor even real estate investors! Why?  It's a fairly accurate, plus it  has forecasted that "Home values rose 6.9% in the last quarter of 2015.  Remember that I said, "The Last Quarter!". But as real estate  investors no doubt, many of you  have seen some property values on the decline instead of an increase!  That's exactly what the Bank Rate Article" THE 5 HOUSING MARKETS FALLING FASTEST"  emphasize. The article even stressed were the prices fell the fastest and No "Flint, Michigan was not on that List!  

     

      1.  TRENTON-EWING, NEW JERSEY

           2015  Quarter 4 Median home Price: $228,300- Down 10.8%

 

      2.   ERIE, PENNSLYVANIA

            2015 Quarter 4  Median Home Price: $108,600=Down 8.6%

 

     3.  KANKAKEE-BRADLEY, ILLINOIS 

           2015  Quarter 4  Median Home Price$105,700 -Down 8.4%

 

     4.  BLOOMINGTON-NORMAL, ILLINOIS 

          2015  Quarter 4 Median Home Price:$153,900- Down 7.5%

 

     5.  ATLANTIC CITY, NEW JERSEY

         2015 Quarter 4 Median Home Price:$196,200- Down 6.6%

 

 

The TOP 5 HOUSING MARKETS ON THE RISE WILL POST ON OUR END PAGE 

 

It's the Numbers and the market and its  current conditions...Be mindful and invest wisely!

 

Resource Information:

Article:http://www.bankrate.com/finance/real-estate/home-values-worst-markets-1.aspx         

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