Great News If You’ve Been Waiting To Buy A Home

Interest rates have reached their lowest point in two years, creating a significant opportunity for potential homebuyers who have been waiting for better market conditions. This rate drop translates to approximately 5% more buying power, allowing buyers to afford more home for the same monthly payment or reduce their payment on the same home.• Half-point interest rate reduction means about 5% increase in buying power• Sellers competing with builders who offer significant rate buydowns to attract buyers• Current market showing homes either sell immediately or sit for extended periods• February sales were down due to higher rates in December/January when those buyers locked in• Mortgage applications increasing in February indicates improving market in April/May• Homeownership ranked as best long-term investment by 36% of Americans• Temporary rate buydowns offer affordable entry to homeownership with lower initial payments• Creative financing options available including bank statement programs for self-employed• Home equity growth consistently outperforms other investments over any 10-year period• Renting may be temporarily cheaper but lacks stability and long-term financial benefitsContact guest Chantry Abbott at Guild Mortgage at 435-979-1775 Guild Mortgage: https://branches.guildmortgage.com/ut/stgeorge/chantry-abbott-521-sgcab.htmlHave other questions about living in, moving to, or visiting St. George and Southern Utah? Just ask! P. 435-291-5443E. [email protected]: www.GoStGeorge.comInsta: https://www.instagram.com/larkingroupFB: https://www.facebook.com/StGeorgeExperts🌟 Who? Jeremy Larkin was born and raised in St. George, Utah and is the owner of The Larkin Group Real Estate Advisors.📍 Where? Washington and Iron County, Utah, including, but not limited to St. George, Washington City, Ivins, Santa Clara, Hurricane, LaVerkin, Toquerville, Cedar City and Parowan. 💈  What?  Jeremy and his team of expert advisors at The Larkin Group walk the best clients in the world through the brain surgery of Buying, Selling and Investing Southern Utah Real Estate! And perhaps more importantly, they LOVE this community and pouring their heart and soul into it!📻  Tune in! Jeremy is the host of The "St. George Real Estate Morning" Drive radio show 94.9 FM / 890 AM. You can stream the weekly program Thursdays at 8:35 AM here: https://tinyurl.com/radiorealestate   🙏 Give: The St. George Basket Brigade feeds 200+ families every Thanksgiving and supports local families, students and schools through organizations like Tan's Treats. Learn more and give at http://stgeorgebasketbrigade.org/🔍  SEARCH ALL HOMES AND LAND in Washington County https://www.gostgeorge.com/ 🔗 CHECK YOUR CURRENT HOME EQUITY @ https://www.gostgeorge.com/homevalue#thelarkingroup #podcast #americantown #saintgeorgeutah #stgeorgeutah #homeselling #podcast #realestate [00:00:00] Intro.[00:00:13] Interest rates lowest in two years.[00:02:17] Half-point drop increases buying power.[00:04:13] Seller competition with builders.[00:06:10] Market challenges for unsold homes.[00:10:17] Homeownership as long-term investment.[00:16:30] Mortgage options and creative financing.[00:22:01] Stability of homeownership vs renting.