Tuesday, January 5, 2021

Did You Know? 1-5-2021

DID YOU KNOW?  Owning a home was affordable in 41% of counties nationwide as of the fourth quarter of 2020. The largest metropolitan areas where owning a home is still affordable for the average household include Chicago, Houston, Philadelphia, Cleveland, and Tampa, Fla. (Attom Data Solutions)

DID YOU KNOW? Many industry observers believe mortgage rates will remain below 3% in 2021 as the Fed uses low rates to combat the economic effects of the COVID. If you think that's low, Denmark is offering 20-year mortgages at 0%....

"Money isn't everything, but it ranks right

up there with oxygen"
- Zig Ziglar (Thanks to Michael Underwood COMPASS Austin for sending!)

DID YOU KNOW? Smaller metropolitan markets like Indianapolis, Kansas City, Boise, Austin, Cleveland, Cincinnati, Memphis, and Pittsburgh are seeing some of the strongest price gains in the nation. Prices in those cities are now at least 10% higher compared with a year ago. (CNBC)

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