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November 9, 2020

5 Things to Know About the Economy This Week

Home Prices Hit 8-Year High (Getty Images) What Happened: The S&P/Case-Shiller National Home Price Index in October sat 5.2 percent above where the metric was a year ago, according to a report released Tuesday. The real estate pricing barometer now sits at its highest level since Oct. 2007. But price gains have largely been concentrated…

Before you buy….

Before you buy a home – 1. Understand how much you can afford by determining your debt-to-income ratio and estimated payments (visit bankrate.com and tick “calculators” for an idea). Your first step should be to GET PRE-APPROVED by your mortgage lender or bank. 2. Understand the basics of financing and what you really can afford….

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