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Home Values? 4 Factors to Watch

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These are the 4 factors that will change home values this year

1. DEMOGRAPHICS

Demographics are the data that describes the composition of a population, such as age, race, gender, income, migration patterns, and population growth. These statistics are an often overlooked but significant factor that affects how real estate is priced and what types of properties are in demand

Urban flight in the wake of COVID-19 lockdowns, closed businesses, widespread civil unrest, riots, and increasing tax burdens in our largest cities. For example, since July 2019 rents are down 10% in Manhattan as former downtown residents move to the surrounding boroughs, to the suburbs,  or out of the state.

 

2. INTEREST RATES-

Today’s average interest rate on an adjustable-rate HECM range from… Read More

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