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Missouri.pdf

2018-missouri-home-price-forecast-01-09-2018.pdf
Preview of Missouri
🔗 Source: cdn.nar.realtor
📊 Size: 373 KB
📄 Pages: 1 page
⬇️ Downloads: 49

Summary

The average interest paid for a 30-year fixed rate mortgage is $15,170 for a $750K mortgage and $20,220 for a $1M mortgage. A homeowner with a $1M mortgage can deduct $5,050 less from taxable income, resulting in a loss of $1,264 in potential savings. In Missouri, an estimated 9,015 homeowners will be affected, with a total loss of $1,264 each over 10 years. The tax impact is expected to decrease home prices by -0.6%. Additionally, a 50 basis point increase in interest rates will decrease home prices by -1.5%. Considering these factors, along with employment and construction momentum, home prices in Missouri are expected to increase by 2.5%.

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Description

The average interest paid for a 30-year fixed rate mortgage is $15,170 for a $750K mortgage and $20,220 for a $1M mortgage.

Technical Information

  • File Format: PDF
  • File Size: 373 KB
  • Pages: 1
  • Language: EN
  • Total Downloads: 49
  • Last Updated: 1 week ago

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This PDF document about Missouri provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Missouri.

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