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and why it may cost you more to own your first home!
Temecula First Time Home Buyers and First Time Home Buyers in Murrieta and first time home buyers in Riverside and San Diego Counties may find the cost of homeownership will actually increase.
First Time Home Buyer Dream
How is that possible?
Brett Arends of the Wall Street Journal has an interesting argument he pulled together using the latest Case-Shiller data, and double checked against Census data.
In short, now is a good time to buy a home.
WSJ says the time is right for Temecula First Time Buyers
Real estate has now fallen 30% from its 2005 peak, at the same time as mortgage rates have also plummeted. In 2006 you had to pay an average of about 6.4% on a 30-year fixed loan, according to the Federal Reserve. Right now you can get deals for about 5%. (more…)
First Time Home Buyers in Temecula and Murrieta and first time home buyers in Riverside and San Diego Counties, watch out for the extra costs.
First Time Home Buyer Hidden Costs
I’m not talking about the “hidden costs” that magically appear at closing (New government regulations taking effect on January 1, will stop that), but rather the costs that you as a first time home buyer didn’t take into account when you started your home search in Temecula, Murrieta and other parts of Southern California. (more…)
