Brexit is Far from Over!

 

1Brexit is impacting U.S. real estate, realtor.com data suggest


Key Takeaways

  • Annual growth in realtor.com listing views by British and German users dropped sharply in July, the month after Brexit. And the trend persisted through August.
  • The softened demand will mostly impact U.S. luxury markets and second-home hubs.

 


Decline in German and British activity on realtor.com maps to depreciating pound


Brexit may have given a lift to the U.S. housing market
by putting downward pressure on mortgage rates.

But a study conducted on behalf of Inman suggests it’s also had a cooling effect on international interest in U.S. real estate, particularly from two of the largest sources of foreign demand: Britain and Germany.

Realtor.com listing views from Britain posted the largest drop in annual traffic growth in July, the month after Brexit. Brazil and Germany were the only other two countries that registered significant decreases that month.

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TESTIMONIALVILLE – September 2016

 

“Dino did a great job helping my wife and I find our first home. We immediately felt like we and Dino became a house hunting ‘team’. Being part of the team, Dino went beyond normal expectations to make sure we could meet our goals. He took time out of a vacation to make sure we got an offer in on time, consistently pushed the funding/escrow pipeline to make sure things kept moving forward, and always kept us informed.

Dino being a great team member is important for first time home buyers as you want to someone who you trust is working in your best interest and you can communicate with to navigate all of the terms and processes. We would recommend him to anyone looking for a realtor that you know is on your side.”

– K & A


Interest rates are almost certain to go up in December. How will it affect you?

1. Buyers are encouraged to lock in their interest rate immediately and keep their foot on the gas when looking for a new home.

2. Potential home sellers may see a slow down after rates go up and selling prices may dip overall as demand shrinks.

3. If you’re a home owner that’s going to stay put for a while, you should investigate refinancing at current interest rates.

 


INNOVATIVE PROGRAM ALLOWS YOU TO BUY MORE HOUSE AND REQUIRES NONE OF THE USUAL CREDIT HASSLE.

More Down Payment Means a Stronger Offer
FirstREX can provide up to 50 percent of the down payment you need. The money is an investment, not a loan, so there are no interest charges or monthly payments.

Reserve Your Cash

The FirstREX HomeBuyer can give you the favorable monthly payment economics of buying with a full 20 percent down payment while allowing you to reserve half of your down payment cash.

What’s in it for FirstREX?

We invest alongside you in the home purchase. If the value of your home increases, FirstREX makes money, and so do you. If the value of your home decreases, FirstREX will typically lose money, and this reduces your loss. Either way, you will benefit by getting the home you really want today.

For more info: http://1rex.com


The Last Word