Money Connection Summer 2021

2 What to Know About Today’s Real Estate Market Trends and stats in real estate are constantly changing, especially during the unstable economy of COVID-19. Here are a few Q&As to address what you need to know about the real estate market today. Is it a buyer’s market now? Pickings are slim for homebuyers right now, giving sellers the upper hand and driving up prices for buyers. Low supply also means homes are on the market for less time than they would likely be in other years. If you’re in the market for a new home right now, it’s best to be prepared to change some of the items on your list of must-haves into nice-to-haves. What does low inventory mean for sellers? An uneven balance of supply and demand that favors sellers means homeowners looking to sell may be able to get a higher price for their home than anticipated. Is home equity up? According to the National Association of Realtors, home prices have swelled to a national median of over $300,000 (as of March 2021). This makes it a great time to sell a home. If you’re selling your home, it’s a good idea to work with an experienced agent to ensure you’ll get the best possible offer for your home. If you’re planning to buy a home in this market of increasing home prices, work out the numbers and determine how much house you can afford before starting your search. Are interest rates still low? Interest rates reached record lows in 2020* and economists are predicting that low rates will continue through 2021. For buyers, this helps make homes more affordable; however, it’s important not to let a low interest rate make you think you can afford a home with a price tag that’s really outside your comfort zone. What do I need to know if I don’t plan to buy or sell a home soon? According to Freddie Mac, equity will likely continue rising in 2021. You may want to monitor how much your home is worth this year since you may change your mind about selling. Similarly, this can be a great time to tap into your home’s equity with a home equity loan or line of credit from Coca-Cola Credit Union. Apply online anytime at creditunion.coca-cola.com , or contact us at cumortgages@ coca-cola.com or 404-676-2586 to find out more. * http://www.freddiemac.com/pmms/pmms15.html ** http://www.freddiemac.com/research/forecast/20201014_quarterly_economic_ forecast.page? 2 n Are you a current member without a Coca-Cola CU Checking Account? No problem! Apply for your free checking account* and choose your new Coke-branded debit card to go with it! n Are you a current member with a checking account, but can’t live without one of these new cards? We got you! For just $10, you can choose one of our new debit card designs to replace your current debit card.** Ready to grab your new card? Call us at 404-676-2586 or email us at creditunion@coca-cola.com today and we’ll help get you started! SHOW SOME COKE PRIDE WITH OUR NEW DEBIT CARD DESIGNS! We’ve got some refreshing new debit card images, created exclusively for Coca-Cola Credit Union members! *Subject to credit approval. Restrictions apply. **Upon expiration of current debit card, a card with one of our new images will be sent to you via mail. If you would like to get a new card image prior to expiration, then please contact us at 404-676-2586.

RkJQdWJsaXNoZXIy NjYxOA==