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Mortgage Applications to Buy a House Lowest in 30 Years
Last week FED CHAIRMAN Jerome Powell announced interest rates will not be cut this year because the economy is in pace on recovering. Inflation has dropped but it’s slightly higher than the 2.0% target. Inflation is at 3% and unemployment rate is at 4 25% which means the economy in the United States 🇺🇸 remains strong. Jerome Powell keeps on lying on national television. The same is true with Joe Biden, Janet Yellen, and hundreds of Democrats on national television. Joe Biden is busy traveling the United States 🇺🇸 campaigning he is the Navy Seal of Fighting Inflation with his Bidenomics. Dementia Lying Cheating Joe Biden aggressively is lying that he took Inflation from 9% when he took office to under 3.0%. All of these clowns are just a joke. Have they not seen prices of goods and services? Ridiculously outrageous. Mortgage loan applications are the lowest in 30 plus years. These numb nuts are destroying America. We need competent politicians and not politicians who never held a job and have been leaching off taxyers for the past 60 years.
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This discussion was modified 5 months, 1 week ago by
Danny Vesokie | Affiliated Financial Partners.
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This discussion was modified 5 months, 1 week ago by Danny Vesokie | Affiliated Financial Partners.
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This discussion was modified 5 months, 1 week ago by
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5 Replies
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Mortgage loan applications have reached their lowest levels since 1995, reflecting a significant decline in housing market activity. This decrease can be attributed to various factors, including higher mortgage interest rates, increasing home prices, and economic uncertainties. The combination of these factors has led to reduced affordability and demand for home purchases, impacting the overall volume of mortgage loan applications. This trend underscores the challenges faced by potential homebuyers in the current market environment. For more detailed information, you can refer to reliable financial news sources and reports.
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The news about mortgage loan applications being the lowest since 1995 does not surprise me a bit. If you bought a $400,000 home in 2019 with a 3% down payment Conventional Loan, your payment would be around $2,300. 3% Rate, $7,000 property taxes, $1,200 homeowners insurance
The same house today would be worth $575,000, 7.5% rate, $9,000 property taxes, $1,800 annual homeowners insurance. Your monthly mortgage payment would be $5,200 per month. Home prices have skyrocketed to uncharted territories when most Americans are priced out of the housing market. The new generation would never be able to afford to purchase a home.
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Let me walk you through the chain of events how my father retired in 2000 and relocated to Florida with my mother. My dad bought a new build in the Westwood Lakes subsidivision in Tampa Florida in February 2000. Brand spanking new. Property address 12524 Blazing Star Drive | Tampa, Florida 33626 | Purchased brand new in 2000 for $200,000. Free standing single-family home facing green belt. My father sold the property for $325,000 in August 2016 because he and my mother wanted to move closer to my sister in Lakewood, Colorado. My folks sold the property and purchased a one bedroom one bath condominium in Lakewood, Colorado for $420,000 (cash purchase with no mortgage or lien). The single-family home at 12524 Blazing Star Drive, Tampa, Florida 33626 skyrocketed in value where the homebuyers of 12524 Blazing Star Drive, Tampa, Florida who purchased the property for $365,000 has sold the home for $654,500 on June 14th, 2022. Now, the buyers of the property is holding on to the exact same property, 12524 Blazing Star Drive, Tampa, Florida with a Current Zillow Zestimate Value at $752,300. Let’s take a look at the Zestimate Value of my father’s one-bedroom, one bath condominium today. A two bedroom, two bath 1,576 square feet condo unit in the same building located at 7220 W. Bonsfils Lane Unit 319, Lakewood, Colorado 80226 is valued at $603,500.
My parents unit is 7220 W. Bonfils Lane, Unit 314, Lakewood Colorado 80226.
Property Details for 7220 W Bonfils Lane, Unit 314, Lakewood, CO 80226 Overview is as follows:
- Address: 7220 W Bonfils Lane, Unit 314, Lakewood, Colorado 80226
- Type: Condominium
- Year Built: 2008
- Square Footage: 1,012 sq. ft.
- Bedrooms: 1
- Bathrooms: 1
- County: Jefferson County
- Zoning: Planned Development Mixed Use Core Urban
Sale and Tax History
- Last Sold: August 15, 2016
- Sale Price: $325,000
- Annual Property Tax: $3,953 (as of 2020)
Community and Amenities
- School District: Jefferson County R-1
- Nearby Schools: Lasley Elementary School (K-6), Alameda International High School (7-12)
- HOA Fees: Approximately $265 per month
- Amenities: Bike storage, elevator, parking, security, maintenance grounds, recycling, snow removal, trash, and water.
Additional Features
- Parking: Includes 1 garage space
- Heating and Cooling: Central air conditioning and forced air heating
- Utilities: Public sewer and water
- Interior Features: Open-concept living space, high ceilings, modern appliances including a dishwasher, dryer, microwave, refrigerator, and washer.
The property is located in a desirable area with a high walk score of 91, indicating that it is a walker’s paradise. It is also very bikeable, with a bike score of 76, and has some transit options with a transit score of 43. Per Zillow Zestimate Value, the one-bedroom, one-bath condominium is valued at $457,100 per Zillow Zestimate.
Property History for 12524 Blazing Star Drive, Tampa, FL 33626
4 bedroom, 2,486 square feet, one level with a bonus room with full bath in bonus room.
12524 Blazing Star Dr, Tampa, FL 33626
Property Sold for $654,500 on 06/14/22
Current Zillow Zestimate Value at $752,300
Estimated refinance monthly housing payment: $3,970 per month
Recent Sales and Ownership:
- June 14, 2022: The property was sold for $654,500.
- May 13, 2022: The listing price was reduced to $659,999.
- May 3, 2022: The property was listed for $665,000.
Property Details:
- Year Built: 2000
- Square Footage: 2,486 sq. ft.
- Lot Size: 0.21 acres (approximately 9,300 sq. ft.)
- Bedrooms: 4
- Bathrooms: 3
- Style: Single Family Residential
- Renovations: Last renovated in 2015
- Amenities: Includes a private pool with gunite and in-ground features, screened enclosure, mature landscaping, and more.
Tax and Financial Information:
- Annual Property Tax: $6,571 (for the year 2021)
- HOA Fees: $160 per quarter ($53.33 monthly)
Community and Location:
- Subdivision: Westwood Lakes Phase 1B
- School District: Hillsborough County School District
- Nearby Schools:
- Bryant Elementary School (PK-5)
- Farnell Middle School (6-8)
- Sickles High School (9-12)
- Nearby Schools:
Additional Features:
- Construction: Stucco with shingle roofing
- Utilities: Public water and sewer, cable available, electricity connected
- Zoning: Planned Development – Mixed Use (PD-MU)
The property is located in a desirable area with convenient access to local amenities and well-rated schools. It features a modern design with a focus on comfortable living and outdoor entertainment. If you compare the two different properties and how the single-family home in Tampa, Florida appreciated to $750,000 plus and the one bedroom, one-bath condominium only appreciated a very nominal amount, you can see how unstable the housing market is. Regardless, my parents made the right decision in selling their single family home in Florida and relocating nearby my sister and buying a condomininium unit because of them aging and being too difficult for my father to do maintenance and yardwork due to him getting older. I can use many comparisons such as this case scenario. However, I just cannot justify how the housing market in Florida has been skyrocketing like a ponzi scheme portal. Welcome Home! This inviting home at 12524 Blazing Star Drive in beautiful Westwood Lakes in Tampa, Florida is just what you’ve been looking for! It offers 4 bedrooms and 3 full bathrooms, including a huge upstairs bonus suite. The spacious kitchen includes a pantry and breakfast bar, a gas range, and is perfect for entertaining. The first floor master bedroom has a private spa bathroom with dual sinks, garden tub, separate shower, and large walk in closet. The laundry/inside utility room is conveniently located next to the kitchen. Two additional bedrooms and a bathroom complete the first floor layout. From the living area, open the sliding doors to the screened in patio and your in-ground swimming pool which also overlooks your tranquil conservation area. Enjoy your morning coffee within your private and peaceful surroundings, and then entertain family and friends with your beverage of choice during those fantastic Florida evenings. Westwood Lakes low HOA also includes many benefits, including a community park and playground, basketball and no CDD fees. It’s also just minutes from great dining and shopping options, as well as the Gulf Beaches and Tampa Int’l Airport. This one is a dream come true! Call Today! Room sizes are approximate.
Based on the detailed description provided, this home at 12524 Blazing Star Drive in the Westwood Lakes community of Tampa, Florida seems like a wonderful property. Here are some of the key highlights:
- 4 bedrooms and 3 full bathrooms
- Large upstairs bonus suite
- Spacious kitchen with pantry, breakfast bar, and gas range – great for entertaining
- First floor master bedroom with private spa bathroom (dual sinks, garden tub, separate shower, large walk-in closet)
- Convenient first floor laundry/utility room next to kitchen
- 2 additional bedrooms and bathroom on first floor
- Sliding doors from living area to screened patio and in-ground swimming pool overlooking conservation area
- Peaceful, private surroundings ideal for outdoor entertaining
- Low HOA fees, community park, playground, basketball court, no CDD fees
- Close proximity to dining, shopping, Gulf beaches, and Tampa International Airport
Overall, it appears to be an inviting family home in a desirable community with great indoor and outdoor living spaces. The private pool and conservation view seem particularly appealing. Let me know if you need any clarification or have additional questions!
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This reply was modified 5 months, 1 week ago by Gustan.
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Here are some photos of the single-family home located at 12524 Blazing Star Drive, Tampa Florida 33626. Beautiful house with inground pool, pool screen, and the house facing into green belt but there’s no way I can justify on the skyrocketing home value in such a short period of time. The new generation homebuyers will hands down be priced out of the market. You factor Joe Biden and the crazy politicians, you are screwed for life.
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This reply was modified 5 months, 1 week ago by Gustan. Reason: Forgot image
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This reply was modified 5 months, 1 week ago by
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7220 W. Bonfils
Lakewood, Colorado is the one bedroom one bath condo unit
12524 Blazing Star Dr Tampa Florida 33626 is the single family home that seems it’s headed to be a million dollar home