There's no reason 2018 can't be the year you finally achieve your goal of buying a new home. Licensed real estate professional Victoria Shtainer joins Cheddar with a guide of how to approach making the milestone purchase in the new year. She says the new tax bill is causing uncertainty in the market, and that such volatility can be good for buyers.
Then, Shtainer gives her tips on what to consider before buying and planning for a move. She says it's important to put in time raking your priorities so you know what to keep in mind when beginning your search. She also discusses why she thinks it's key to keep your paperwork and finances in order so you're prepared to act quickly.
Finally, we hone in on planning a potential move to New York City. Shtainer says to plan on downsizing, beware of fees, and to always visit the apartment building before signing anything. With NYC home prices becoming more affordable, she expects the market to heat up in the new year.
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The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.
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Closing arguments began in the trial of FTX co-founder Sam Bankman Fried.
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