Interest Rates | David M. Floyd

Yes, You Can Still Afford a Home

by David Floyd | Mar 12, 2020 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing

The residential real estate market has come roaring out of the gates in 2020. Compared to this time last year, the number of buyers looking for a home is up 20%, and the number of home sales is up almost 10%. The increase in purchasing activity has caused home price...

How Interest Rates Can Impact Your Monthly Housing Payments

by David Floyd | Mar 3, 2020 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor. Freddie Mac explains:...

Interest Rates Over Time [INFOGRAPHIC]

by David Floyd | Feb 21, 2020 | For Buyers, Infographics, Interest Rates

Some Highlights: With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time. According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low. The...

The #1 Misconception in the Homebuying Process

by David Floyd | Feb 20, 2020 | Buying Myths, For Buyers, Interest Rates, Pricing

After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article: “A year ago, a combination of a government shutdown, stock market slump and...

How Buyers Can Win By Downsizing in 2020

by David Floyd | Jan 22, 2020 | Baby Boomers, Down Payments, For Buyers, Interest Rates, Senior Market

Home values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home....

Forget the Price of the Home. The Cost is What Matters.

by David Floyd | Nov 7, 2019 | Housing Market Updates, Interest Rates, Pricing

Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic...