Gary Lo Real Estate

This Just in Are Interest Rates Expected to Rise Over the Next Year? So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say.... Danielle Hale, Chief Economist, realtor.com: Our long-term view for mortgage rates in 2021 is higher. As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government, this pushes up expectations for economic growth . . . . Lawrence Yun, Chief Economist, National Association of Realtors (NAR): In 2021, I think rates will be similar or modestly higher . . . mortgage rates will continue to be historically favorable. Freddie Mac: We forecast that... Message me now to chat more

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A home is a lot of things it’s a strong financial investment, it’s a roof over your head, and it’s also a place to call your own and be proud of. DM me today for help accomplishing your dream of #homeownership. #realestate #homebuying #realestatetips #realestatenews #realestateexpert #realestateadvice #realestatemarket #realestateagents #instarealtor #realestatetipsandadvice

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This Just in Top 4 Reasons to Own a Home Owning a home can have an incredible impact on your quality of life. Let's connect if you're ready to make your dream of homeownership a reality.... Message me now to chat more

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This Just in Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC] If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are discovering the value of a multigenerational home. With such high demand for h...ouses today, now is a great time to sell so you can upgrade to a multigenerational home that may better suit your evolving needs. Message me now to chat more

This Just in The Importance of Home Equity in Building Wealth Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted:... Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of equityBuilding equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability. Home equity is the difference between the current market... Message me now to chat more

This Just in Why Not to Wait Until Spring to Make a Move The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal time to make a move. Here’s a dive into some of the biggest wins for homebuyers this season.... 1. Mortgage Rates Are Historically Low In 2020, mortgage rates hit all-time lows 16 times. Continued low rates have set buyers up for significant long-term gains. In fact, realtor.com notes: Given this... Message me now to chat more

This Just in 3 Must-Do’s When Selling Your House This Year It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving behind. Growing emotions can help or hinder a sale depending on how we manage them.... When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes when it’s time to move. Being mindful and prepared for the process can help you stay on the right track when selling your house this year. 1. Price Your Home... Message me now to chat more