Buying a Home for Your Children and Housing Markets Affected by Higher Interest Rates

Buying a Home for Your Children and Housing Markets Affected by Higher Interest Rates

It’s a challenge at best to buy a home in the Bay Area when $1 million is the average price. The high price tags often mean parents and grandparents come to the rescue by gifting down payment money or helping to qualify for a loan. Today Joe discusses tax advantages and ramifications that come with parents helping their children buy a home.

Historically speaking interest rates are still incredibly low, but interest rates will be rising by year end. Joe looks at a Business Insider article which predicts these 13 housing markets to be most affected by rising interest rates and why.

If you wish to contact Joe Cucchiara email him at Joe@RERadioLive.com, call (408)-838-9060 or simply visit www.RERadioLive.com. We also provide additional information to help you make smart decisions in and around your real estate venture.

 

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