Real Estate Economics - Changes With Insured Mortgages

How New Mortgage Rules Can Help You Buy a Home in 2024! | Real Estate Market Update 🏡📉

In this episode of The Economics of Real Estate, Dylan and Matthew dive deep into the latest changes to insured mortgages. From the introduction of the 30-year amortization to expanded eligibility for homes priced up to $1.5M, these updates could be a game-changer for first-time buyers and investors alike! 🏠💼

Key Takeaways:

How to leverage the new mortgage rules to maximize your buying power
Why population growth and declining housing starts matter for future home prices
Insider tips on how to get into the market now before prices rise again
📊 Whether you’re buying, selling, or investing, this episode breaks down everything you need to know to make smarter real estate decisions. Tune in for actionable insights to stay ahead of the curve!

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Timestamps:

00:00 Introduction
03:48 Population Growth vs. Housing Starts
04:56 Application Submission Decline
06:10 Who Qualifies as a First-Time Home Buyer
08:04 Changes in Mortgage Policies
12:00 Monthly Payment Differences
13:24 Interest Paid Differences
15:40 Net Worth Change Over a 25-Year Mortgage
17:40 Net Worth Change Over a 30-Year Mortgage
20:55 The Big Change Has Happened
25:06 Get Your Foot in the Door


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